Environmental Consulting Services Market Size, Share, and Analysis by 2028

[Research Report] The environmental consulting services market was valued at US$ 34,365.5 million in 2020 and is projected to reach US$ 50,974.7 million by 2028; it is expected to grow at a CAGR of 5.4% from 2021 to 2028.

Environmental consulting services are conduct environmental impact assessments, obtain clearances for new projects, and implement environmental management plans. The environmental impact assessment is for the development projects such as infrastructural projects, townships, commercial buildings, and industrial projects. Environmental auditing is being done for evaluating remediation technology options for obtaining clearances from the government regarding the project. Environmental management plans comprise developing, implementing, and monitoring plants for occupational health and safety management systems audit, analysis, and hazard and operability studies. Moreover, environmental consulting services offer various services such as investment assessment and auditing, permitting & compliance, project & information management, monitoring & testing, and others such as design, pollution prevention, and others. These services are used in several media types, such as water management, waste management, and others such as air quality, soil, natural resources, and renewable energy. The industries that majorly use environmental consulting services are energy & utilities, chemical & petroleum, manufacturing & process industries, transportation & construction industries, and others, including government & regulators. Moreover, despite having several stringent environment protections acts in effect, there is a high percentage of companies that are contributing to different forms of pollution, by emitting or discharging waste at levels much higher than the limits prescribed by regulatory bodies.

North America dominated the environmental consulting services market in 2020. The occurrence of several disastrous in the past propelled the demand for environmental consulting services for emergency site remediation planning and cleanups. Several regulations have been imposed by governments for the protection of the environment. Major environmental consulting service providers such as Tetra Tech, AECOM, and John Wood have an established market worldwide, as well as in North America. They are providing services for site remediation, natural resource management, environmental auditing, and waste management. Other services provided by such consultancies include project management, monitoring and testing, and operation and maintenance. Government bodies also hire these consultancies for preparing updated reports on the impact of various factors on the environment, which help them modify the existing regulations or propose the new ones. This factor is expected to drive the growth of the environmental consulting services market in the Rest of APAC countries during the forecast period.

Published Report - Environmental Consulting Services Market: Strategic Insights

Impact of COVID-19 Pandemic on Environmental Consulting Services Market

The COVID-19 outbreak has severely impacted the manufacturing, energy & utilities, chemical & petroleum, and transportation & construction industries. Amid the emergence of outbreak pandemic across the world, owing to the lockdown scenarios, the industry experts analyze that the industry would face at least a quarter of lag in electronics equipment supply chain that efficiently manage the waste generated in these industries. The outbreak pandemic is expected to create tremors through till mid-2021. The electronics equipment and associated services are likely to pick up pace sooner as governments across the world lifted the various containment measure steadily to revive the economy. The environmental consulting service providers are anticipated to gain pace by the end of 2021, which is further foreseen to positively influence the manufacturing units across different industries.

Market Insights

Rising Awareness in Industries Regarding Environmental Impact

Awareness regarding the protection of environment is increasing in industries. Companies are hiring environmental consultancies for preparing reports of their existing and future projects, along with determining their impact on environment. The rise in revenues is one of the key factors enabling companies to adopt inorganic growth strategies such as acquisitions and expansions for expanding their presence in the global market. For setting up their plant in at new locations, they need to get a clearance from the respective government authorities, for which they must present a report based on the conditions of the land and the impact of the construction and the plant on the surrounding environment. Therefore, this companies are increasingly hiring environmental consultancies for their environmental impact assessment.

Service Type-Based Market Insights

Based on service type, the global environmental consulting services market is segmented into investment assessment and auditing, permitting and compliance, project, and information management, monitoring and testing, and others. With augmenting concerns regarding environmental conservation, governments and corporates across the world are actively exploring sustainable solutions for their operations to reduce their environmental footprint. As large enterprises have the supply chain spread across various multiple regions, they need to comply with various regulatory laws existing in different regions. Governments are offering various benefits in form subsidies and tax benefits for business investing in suitable solutions. Thus, businesses approach environmental consulting firms to maximize returns on their investments by assessing investments and carrying out audits.

Media Type-Based Market Insights

Based on media type, the environmental consulting services market is segmented into water management, waste management, and others. Water is one of the most essential raw materials in manufacturing facilities of the food & beverages, oil & gas, power generation, chemicals and petrochemicals, metal processing, semiconductors, and pharmaceuticals industries. The water used for manufacturing can be highly contaminated and needs to be treated for the removal of toxic compounds before discharging it in water steams.

Vertical-Based Market Insights

Based on vertical, the environmental consulting services market is segmented into energy & utilities, chemicals and petroleum industries, manufacturing and process industries, transportation and construction sectors, and others. The energy & utilities vertical comprise the oil & gas, electrical power, nuclear energy, renewable energy, coal, water, and natural gas industries. The volumes of waste generated by these industries is emphasizing the urge for its management. Governments of several countries have taken initiatives by implementing strict regulations on environmental assessment for several industries.

Product development is the commonly adopted strategy by companies to expand their product portfolio. AECOM Inc; Arcadis N.V.; Jacobs Engineering Group Inc.; John Wood Group PLC; and ERM Group, Inc. are among the key players implementing strategies to enlarge their customer base and gain significant share in the global environmental consulting services market, which, in turn, permit them to maintain their brand name. A few of the recent key developments are:

• In 2021, Jacobs Engineering Group Inc. announced it has signed contract with NIRAS/ONDRAF, Belgian agency for radioactive waste management. Under the agreement, Jacobs Engineering Group Inc. is awarded with framework contract covering new treatment and storage facilities for radioactive waste project in Belgium.
• In 2020, Arcadis N.V. announced it has acquired Morgen, a Dutch environmental consulting firm. The financial details of the acquisition were not disclosed.

Environmental Consulting Services

The regional trends and factors influencing the Published Report - Environmental Consulting Services Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Published Report - Environmental Consulting Services Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Published Report - Environmental Consulting Services Market Report Scope

Published Report - Environmental Consulting Services Market Players Density: Understanding Its Impact on Business Dynamics

The Published Report - Environmental Consulting Services Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Environmental Consulting Services Market Segmentation:

By Service Type

• Investment Assessment & Auditing
• Permitting & Compliance
• Project & Information Management
• Monitoring & Testing
• Others

By Media Type

• Water Management
• Waste Management
• Others

By Vertical

• Energy & Utilities
• Chemical & Petroleum
• Manufacturing & Process Industries
• Transportation & Construction Industries
• Others

Company Profiles

• AECOM Inc.
• Jacobs Engineering Group Inc.
• Arcadis N.V.
• Bechtel Corporation
• John Wood Group PLC
• ERM Group, Inc.
• Tetra Tech Inc.
• ANTEA GROUP
• Stantec Inc.
• Ramboll Group
• SLR Consulting
• Golder Associates Ltd.