CLIMATE CHANGE RAISES THE DEMAND FOR ENVIRONMENTAL CONSULTING SERVICES.
In the last five years, the environmental consulting services market has witnessed a rise in the number of specialist consulting firms that focus on specific environmental concerns. Growth of such firms is independent and organic as organizations seek solutions to specific problems. The Global Environmental Consultancy predicts a rise in specialist firms in the field of climate change and energy services, predicted to grow by more than 30% in the next five-years, and in Latin America, and Africa and the Middle East, growing by 33.6% and 26.7%, respectively. ENVIRONMENTAL CONSULTING SERVICES MARKET TO GROW TO $37 BILLION BY 2020 ACCORDING TO THE BUSINESS RESEARCH COMPANY. The Business Research Company expects the environmental consulting services market to grow to $37 billion in 2020. Asia was the largest region in the environmental consulting services market in 2016, accounting for $12.2 billion or 39.0% market share. This can be attributed to the rise in demand for advisory services on environmental issues such as the control of environmental contamination due to hazardous and toxic substances from manufacturing companies in the large Asian economies.
According to The Business Research Company’s Professional Services Consultant, Oliver Guirdham, in the wake of environmental concerns, countries across the globe are collaborating for cooperative efforts to tackle the climate conditions. For instance, the European Union has extensive environmental laws governed under the European Environmental Law and SAARC countries have developed the Agreement for Energy Cooperation (Electricity). In 2015, 195 countries adopted the Paris Agreement during the United Nations Climate Change Conference. It is the first ever legally binding, internationally coordinated climate deal, to help develop sustainable solutions for global environmental issues such as nuclear cleanup and global warming. Under the agreement, governments will collaborate to provide $100 billion per annum to fund environmentally efficient solutions in developing countries, to which the US government deposited $500 million in March 2016.
Aecom was the largest company in the environmental consulting services market with revenues $7.9 billion from design and consulting in the financial year 2015. Aecom’s growth strategy aims to expand its presence in Africa and aims to double its revenues from that region. The company will leverage its extensive base in South Africa to expand its business in countries such as Kenya, Ghana and Mozambique over the next few years. The company also aims at generating $1 billion cash flow to support its balanced capital allocation priorities that include acquisitions, investments and others. The environmental consulting services industry comprise establishments engaged in providing advice, assistance, and action plans to organizations and governments to manage their environment. It includes prevention of environmental contamination, toxic substances, security consulting, waste management, and pollution control. The chart below shows the year-on-year growth of the global environmental consulting services market during 2016 - 2020.
The environmental consulting services market is further classified as – Environmental Impact Assessment (EIA) And Sustainable Development includes planning and development services for sustainable development and informed decision making. It involves creating a project strategy define project scope and creating an effective blueprint for the project. Water And Waste Management Services comprise collection, transportation, storage, processing, recycling and disposal of solid, liquid, gaseous or radioactive substances waste matter from households, businesses, and other organizations. Contaminated Land Services includes providing solutions for assessment, management, and remediation to prevent and save land contamination. Environmental Management companies undertake environmental audits, quality assurance checks, conduct inspections, and ensure companies comply with environmental laws, regulations and international standards. Climate Change And Energy Related Services involves companies providing services on energy utilization to oil and gas, electricity, and chemical industries. Environmental Consulting Services Global Market Briefing is a detailed report giving a unique insight into this market. The report is priced at $750 for an individual user. To use across your office the price is $1500 and $2000 if you wish to use across a multinational company. About The Business Research Company Visit TheBusinessResearchCompany.com, mail firstname.lastname@example.org or call +447443439350 or +918897263534 or +919160996838 for more information on this and many other titles. The Business Research Company is a market research and intelligence company, which excels in company, market and consumer research. It has research professionals at its offices in the UK, India and the US as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, chemicals and technology. The Business Research Company's management has more than 20 years of varied business research experience. They have delivered hundreds of research projects to the senior management of some of the world's largest organizations.