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Environmental Consulting Services Global Market Report 2024 To 2033 | AECOM, Wood Group PLC, Arcadis, Jacobs, WSP GLOBAL INC., TRANSFER Consultancy, Environmental Resources Management
Environmental Consulting Services Market Size
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According to The Business Research Company's, The environmental consulting services market size has grown steadily in recent years. It will grow from $63.14 billion in 2023 to $65.89 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to low interest rates, strong economic growth in emerging markets, impact of e-waste, increased government regulation and a rise in shale oil and gas production..
The environmental consulting services market size is expected to see strong growth in the next few years. It will grow to $80.17 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to the faster economic growth, increasing investments in smart cities, global collaboration for environmental protection, sustainable development and an increase in global construction activity will drive the growth. Major trends in the forecast period include adoption of innovative technologies and diverse services to increase market share, develop alternative solutions that are energy efficient and economical, offering ai/ml-based services to their customers for improved environmental studies to increase market share, offering iot related advisory solutions for efficient environmental management, offering drone services for cost-effective and quick insights, offering dna and edna technologies for water sampling and offering affordable solutions to low-income group countries..
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Market Drivers and Trends:
The increasing demand for water and waste management consulting services is expected to propel the growth of the environmental consulting services market going forward. Water and waste management consulting services refer to professional services that provide advice and guidance to companies and individuals on water and waste management issues. Environmental consulting services can collaborate with water and waste management consulting services to manage hazardous waste and reduce its adverse environmental impact, and also advise businesses to become more sustainable, through green building, proper waste management, use of renewable energy, and reduction of pollutants and emissions. For instance, according to the Bureau of Labor Statistics, a US-based government agency, in May 2022, the waste management and remediation services subsector, which includes waste treatment and disposal, employed approximately 372,000 people. Therefore, increasing demand for water and waste management consulting services is driving the growth of the environmental consulting services market.
Major companies operating in the environmental consulting services market are focusing on strategic investments to mark their position in the market. Companies invest in the Environmental Consulting Services market due to the growing market and to reduce their environmental impact and comply with regulations. For instance, in April 2022, Deloitte, a UK-based professional services network invested $1 billion in Deloitte Sustainability and Climate, a global practice serving clients as it defines a path to a more sustainable future. The practice brings together advisory, assurance, audit, consulting, finance, and tax services and will equip clients with the tools and insights they need to navigate the transition to a more sustainable future.
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Major Key Players of the Market:
Environmental Consulting Services Market 2024 Key Insights:
• The environmental consulting services market size is expected to see strong growth in the next few years. It will grow to $80.17 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%.
• Increasing Demand For Water And Waste Management Consulting Services Drives Growth In The Environmental Consulting Services Market
• Strategic Investments Drive Growth And Sustainability Initiatives In The Environmental Consulting Services Market
• North America was the largest region in the environmental consulting services market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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