2021 Environmental Consulting Services Market International Growth Scenario with 5.4% of CAGR by 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.

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.

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Key Findings of Study:
The regions such as Europe and APAC are expected to exhibit significant growth along with the increasing growth in North America. In Europe, rising awareness in industries regarding their impact on the environment and strict government regulations on environment protection drive the growth of the environmental consulting services market. In terms of geography, the global market was dominated by APAC in 2020.

The COVID-19 outbreak has severely impacted the manufacturing, energy & utilities, chemical & petroleum, and transportation & construction 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 US is the most affected country in North America. The growing number of COVID-19 confirmed cases in the country has led the government to impose various containment measure such shutdown of factories, restrictions on travel, and closure of international borders and lockdowns. The huge increase in the number of confirmed cases and rising reported deaths in the country affected both manufacturing and sales of materials. During the pandemic, various companies minimized the allocated budget for the manufacturing of industrial machineries owing to economic slowdown, which negatively affected the global environmental concerns.

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 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.

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; and Golder Associates Ltd. are among the major companies operating in the environmental consulting services market.

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