Global environmental consulting services market to reach $43.2 billion by 2026

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Editing: 6; Published: February 2022
Executive commitments: 2822
Companies: 209 – Players covered include AECOM; ANTEA Group; Arcadis NV; Bechtel Corporation; CH2M Hill Inc.; ERM Group, Inc; Golder Associates; John Wood Group PLC; Ramboll Group A/S; SLR Consulting Limited; Stantec, Inc.; Tetra Tech, Inc. and others.
Blanket: All major geographies and key segments
segments: Type of service (site remediation consulting services; water and waste management consulting services; environmental management, compliance and due diligence; other types of services)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.

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Global environmental consulting services market to reach $43.2 billion by 2026
The concept of environmental consulting revolves around the provision of services and products by various entities or consultants to help governments and organizations manage the environment and ensure compliance with environmental guidelines. Major factors influencing the environmental consulting services market currently include digital innovation and changes in the market landscape driven by investments and policies. Another major area of ​​focus for environmental consultants currently is ESG (Environmental, Social and Governance) management and metrics. In some countries like France for example, it is now mandatory. The COVID-19 pandemic is expected to further reinforce the importance of ESG, given the growing global urgency around climate change. The recovery of the construction sector and the transition to smart cities, as well as the increasing attention of countries to achieve the UN Sustainable Development Goals are major growth drivers for environmental consulting services. The UN had established sustainable development goals for all member countries. Goals include providing equitable access to safe drinking water, improving water quality with a focus on reducing pollution, preventing the dumping of hazardous waste, building more resilient and safer infrastructures, the development of national policies to better manage climate change, the promotion of the sustainable exploitation of land and marine resources, etc. Governments of all member countries are required to invest to achieve these goals, which should lead to increased demand for environmental services in the future.

Amid COVID-19 crisis, Global Environmental Consulting Services Market Estimated at US$34.9 billion in 2022, is expected to reach a revised size of US$43.2 billion by 2026, growing at a CAGR of 5.3% over the analysis period. Site remediation consulting services, one of the segments analyzed in the report, is expected to grow at a CAGR of 5.2% to reach US$15.3 billion at the end of the analysis period. After an in-depth analysis of the business implications of the pandemic and the economic crisis it induces, the growth of the water and waste management consulting services segment is readjusted to a revised CAGR of 5.4% for the next period of 7 years. This segment currently accounts for a 28.2% share of the global environmental consulting services market. Site remediation refers to the process of removing polluted or contaminated soil, surface water, or groundwater to minimize the impact on humans or the environment. Various regulatory standards are in place which mandate remedial action to be taken in the event of pollution from an environmental incident or past industrial activity. Against the backdrop of the projected positive trajectory in the global engineering and construction sector thanks to the expected recovery in the economic scenario and the resumption of spending habits, the demand for environmental consulting services such as the management of water and waste is expected to rebound in the post-COVID-19 period.

The US market is estimated at $17 billion in 2022, when China is expected to reach $3.1 billion by 2026
The environmental consulting services market in the United States is estimated at 17 billion US dollars in 2022. The country currently accounts for a 48.59% share of the global market. Chinaworld’s second largest economy, is expected to reach an estimated market size of US$3.1 billion in 2026 with a CAGR of 6.9% over the analysis period. Other notable geographic markets include Japan and Canada, each predicting growth of 3.6% and 4.7% respectively over the analysis period. In Europe, Germany is expected to grow at around 5.3% CAGR while the rest of the European market (as defined in the study) will reach US$3.3 billion at the end of the analysis period.

Segment of environmental management, compliance and due diligence to be achieved $10.4 billion by 2026
In the global environmental management, compliance and due diligence segment, United States, Canada, Japan, China and Europe will drive the CAGR of 5.8% estimated for this segment. These regional markets representing a combined market size of US$6.5 billion will reach a projected size of US$9.7 billion at the end of the analysis period. China will remain among the most dynamic in this group of regional markets. Led by countries such as Australia, Indiaand South Koreathe market of Asia Pacific should reach US$484.5 million by 2026, while Latin America will grow at a CAGR of 6.6% over the analysis period. Continued

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