Global Environmental Consulting Services Market Charecterstics
The environmental consulting services (ECS) market consists of the sales of ECS goods and services by entities (organizations, sole traders and partnerships) that provide advice, assistance, and action plans to organizations and governments to manage their environment. It includes the prevention of environmental contamination, toxic substances, security consulting, waste management, and pollution control. Environmental consulting services undertake processes where human capital is the major input. They make available the knowledge and skills of their employees, often on an assignment basis, where an individual or team is responsible for the delivery of services to the client.
Global Environmental Consulting Services Market Competitive Landscape
Major players in the global environmental consulting services market include AECOM, Amec Foster Wheeler, Tetra Tech and Environmental Resources Management.
Global Environmental Consulting Services Market Size
The global environmental consulting services market is expected to reach higher than $35 billion by 2022, growing at a CAGR less than 5% in the forecast period. Growth in the environmental consulting services market is mainly due to the emerging economies, increasing government regulations and rising public concern about environmental degradation.
However, the global environmental consulting services market is expected to face certain restraints from several factors such as skill shortages, restraints on competition, low oil price and lack of action on environmental issues.
Environmental Consulting Services Market Segmentation
The global environmental consulting services market is further segmented based on type of service, end users and geography.
By Type Of Services- The global environmental consulting services market is segmented into site remediation consulting services, water and waste management consulting services, environment management, compliance and due diligence and others.
Site remediation consulting services accounted for the largest segment share in the environmental consulting services market in 2017. This was mainly due to the presence of a large number of manufacturing, construction and oil and gas industries that require the services of site remediation consulting companies.
By End Users- The global environmental consulting services market is segmented into mining, manufacturing & process industries, energy & utilities, government & regulators, infrastructure & development and others.
Among these segments, mining, manufacturing & process industries segment accounted for the largest share in the global environmental consulting services market by end users.
By Geography- The global environmental consulting services market is segmented into North America, South America, Asia-Pacific, Western Europe, Eastern Europe, Middle East and Africa. Among these regions, the North American environmental consulting services market held the largest share in the global environmental consulting services market.
Global Environmental Consulting Services Trends
Rise in specialist firms, innovative service offerings and adoption of latest technologies such as IoT are the major trends in the global environmental consulting services market.
Potential Opportunities In The Global Environmental Consulting Services Market
With the emergence of smart cities, collaboration for environment protection and sustainable development at a global level, the scope and potential for the global environmental consulting industry is expected to significantly increase in the forecast period.
