Press release
Environmental Impact Assessments Market Forecast 2024: Driving Sustainability in Global Projects
Environmental Impact Assessments Market Forecast
The new report published by The Business Research Company, titled Environmental Impact Assessments Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the environmental impact assessments market size has grown rapidly in recent years. It will grow from $30.19 billion in 2023 to $38.56 billion in 2024 at a compound annual growth rate (CAGR) of 27.7%. The environmental impact assessments market size is expected to see exponential growth in the next few years. It will grow to $103.44 billion in 2028 at a compound annual growth rate (CAGR) of 28.0%.
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What Is Driving The Growth Of The Global Environmental Impact Assessments Market?
Increasing Investments In Renewable Energy Drive Growth Of Environmental Impact Assessment Market
The increasing investments in renewable energy are expected to propel the growth of the environmental impact assessment market going forward. Renewable energy refers to energy derived from natural sources that are replenished constantly. The increase in investments in renewable energy is due to Increasing awareness and urgency around climate change, the increasing cost of renewable energy technologies, and the rise of green bonds and other financial instruments. Environmental impact assessment plays a crucial role in renewable energy projects by evaluating the potential environmental effects of proposed developments. This process helps ensure that projects are environmentally sustainable, socially acceptable, and compliant with regulatory requirements. For instance, according to the World Energy Investment 2024 report by the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, global energy investment is projected to surpass $3 trillion for the first time in 2024, with around $2 trillion dedicated to clean energy technologies. Further, China is anticipated to lead clean energy investments, contributing an estimated $675 billion. Other significant contributors include Europe, with $370 billion, and the United States, with $315 billion. Therefore, increasing investments in renewable energy is driving the growth of the environmental impact assessment market.
What Is The Key Trend In The Global Environmental Impact Assessments Market?
Leading Companies Pioneer Innovative Methods In Environmental Impact Assessment Spotlight on MEREIA
Major companies operating in the environmental impact assessment market are focused on developing innovative products, such as radiological and environmental impact assessments, to enhance precision, efficiency, and comprehensiveness in evaluating various projects and activities' potential environmental and radiological effects. Radiological and Environmental Impact Assessments (REIA) are comprehensive evaluations that focus on understanding and mitigating the possible impacts of projects involving radioactive materials or radiation on the environment and public health. For instance, in September 2021, the International Atomic Energy Agency (IAEA), an Austria-based nuclear energy agency, launched Methods for Radiological and Environmental Impact Assessment (MEREIA), a program on radiological and environmental impact assessment approaches. It aims to assist countries in applying assessment methodologies, conceptual models, mathematical models, and data within the broader environmental impact assessment framework. MEREIA will strengthen resources in countries by providing advanced modeling capabilities and a mentoring approach to improve knowledge management. The MEREIA program is designed for professionals from regulatory agencies, operating organizations, technical support bodies, scientists, researchers, decision-makers, and others involved in conducting radiological environmental impact assessments.
How Is The Global Environmental Impact Assessments Market Segmented?
The environmental impact assessments market covered in this report is segmented -
1) By Type: Hydrogeology, Hydrology, Contaminated Land, Geo-Conservation, Geotechnical Engineering
2) By Assessment Method: Screening, Scoping, Environmental Impact Assessments (EIA) Report, Review, Monitoring
3) By Application: Governmental, Industrial, Commercial, Residential, Infrastructure
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How Is The Competitive Landscape Of The Global Environmental Impact Assessments Market?
Major companies operating in the environmental impact assessments market are AECOM Technology Corporation, Bureau Veritas SA, Stantec Inc., GHD Group, Bidwells LLP, BRE Group, BMT Group Ltd., JBA Consulting, OCA Global Corporate Service S.A., Intertek Group PLC, Aspen Environmental Group, KERAMIDA Inc., Millennium EMS Solutions Ltd., Cholamandalam MS Risk Services Ltd., CSA Ocean Sciences Inc., Japan NUS Co. Ltd., EnviroCentre Limited, NGH Environmental Pty Ltd., Enviro-Sciences Inc., WRA Inc.
Contents Of The Global Environmental Impact Assessments Market
1. Executive Summary
2. Environmental Impact Assessments Market Report Structure
3. Environmental Impact Assessments Market Trends And Strategies
4. Environmental Impact Assessments Market - Macro Economic Scenario
5. Environmental Impact Assessments Market Size And Growth
…..
27. Environmental Impact Assessments Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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