Press release
Environmental Remediation Market Report Size, Growth And Forecast Report 2024 To 2033
Environmental Remediation Market
The environmental remediation market size is expected to see strong growth in the next few years. It will grow to $156.27 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to climate change adaptation, urbanization challenges, green building practices, ecosystem restoration, renewable energy development, phytoremediation research.. Major trends in the forecast period include advancements in water remediation technologies, integration of sustainable and green technologies, public-private partnerships in remediation projects, remote sensing and monitoring technologies, artificial intelligence (ai) in data analysis..
Market Overview -
Environmental remediation is the removal of pollutants or contaminants from groundwater, surface water, and soil. These waste materials are removed to protect human health and restore the ecosystem. Remediation restores brownfield sites for redevelopment or restores them to their natural state.
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Industrialization Boom Fuels Demand For Environmental Remediation
The rapid growth of industrialization is expected to propel the growth of the environmental remediation market going forward. Industrialization is the process of shifting a country's or region's economy away from agriculture and towards manufacturing. Increasing industrialization eventually produces several environmental concerns as more gaseous pollutants are emitted into the atmosphere and large volumes of municipal sewage sludge are produced. The rise of industrial effluent discharge has also favored the demand for environmental remediation. For instance, according to a statistical report published in August 2022 by Eurostat, a Luxembourg-based publisher of statistics for the European Union, in 2021, the EU's industrial production increased by 8% over the previous year, 2020. Furthermore, in 2021, the value of sales for industrial production in the European Union was $5429.08 billion (€5 209 billion), up by nearly 14% from $477.45 billion (€4 581 billion) in 2020. Therefore, the rapid growth in industrialization will drive demand for the environmental remediation market.
Competitive Landscape -
Major companies operating in the environmental remediation market report are Golder Associates, Clean Harbors Inc., Brisea Group Inc., Entact LLC, Terra Systems, Newterra Ltd., Weber Ambiental, Aecom, Jacobs Solutions Inc., DEME NV, Engineer and Maintenance Solutions, HDR Inc., Dredging Corporation of India Ltd., Environmental & Marine Engineering NV, Environmental Remediation Resources Pty Ltd, Tetra Tech, Bristol Industries LLC., Graham Construction & Engineering Inc., In-Situ Oxidative Technologies Inc., Q.E.D. Environmental Systems Ltd., Sequoia Environmental Remediation Inc., Tarmac International Inc., Aegion Corporation, Arcadis NV, Bechtel Corporation, Black & Veatch Holding Company, CH2M HILL Companies Ltd., Fluor Corporation, PARS Environmental Inc. .
Technology Takes The Lead In Environmental Remediation Market Trends
Technological advancements have emerged as key trends gaining popularity in the environmental remediation market. Major players operating in the market are developing products with advanced technologies to sustain their position in the environmental remediation market. For instance, in March 2021, AECOM, a US-based infrastructure consulting firm, launched DE-FLUORO. It is a cost-effective and environmentally friendly treatment technology that removes per and polyfluoroalkyl substances (PFAS) from contaminated liquids without producing hazardous waste. DE-FLUORO provides a comprehensive PFAS destruction solution using electrodes and electrochemical oxidation.
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Key Segments -
The environmental remediation market covered in this report is segmented -
1) By Environment Medium: Soil, Groundwater
2) By Site Type: Private, Public
3) By Technology: Air Sparging, Soil Washing, Chemical Treatment, Bio Remediation, Electrokinetic Remediation, Excavation, Permeable Reactive Barriers, In-situ Grouting, Phytoremediation, Pump and Treat,
4) By Application: Mining and Forestry, Automotive, Oil and Gas, Agriculture, Manufacturing, Industrial, and Chemical Processing, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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