Press release
Comprehensive Environmental Impact Assessments Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
Environmental Impact Assessments
The growing investments in renewable energy are expected to propel the growth of the environmental impact assessment market. Renewable energy, derived from natural, replenishable sources, is seeing increased investments due to rising climate change concerns and the affordability of renewable energy technologies. Environmental impact assessments evaluate the potential effects of renewable energy projects to ensure sustainability and regulatory compliance. For instance, the International Energy Agency (IEA) reported that global energy investments are projected to surpass $3 trillion in 2024, with $2 trillion dedicated to clean energy technologies. Therefore, the increase in renewable energy investments is driving the growth of the environmental impact assessment market.
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What Is the projected market size and growth rate for the environmental impact assessments market?
The environmental impact assessments market has grown exponentially in recent years. It will grow from $38.56 billion in 2024 to $49.44 billion in 2025, at a CAGR of 28.2%. This growth is driven by increasing regulatory and public focus on sustainability, concerns about environmental degradation, rapid industrialization and urbanization, awareness of climate change and pollution, and stricter government environmental protection regulations.
The environmental impact assessments market is expected to grow exponentially, reaching $132.15 billion by 2029 at a CAGR of 27.9%. The growth is fueled by the demand for sustainable development, investments in clean energy, and increasing environmental services demand from various sectors. Key trends include integration with AI, GIS mapping technologies, innovative impact assessments, and advancements in data collection and processing.
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What new trends are reshaping the environmental impact assessments market and its opportunities?
In the environmental impact assessment market, companies are adopting proactive environmental strategies to mitigate the environmental effects of strategic projects and promote sustainable development. For example, in April 2023, Environment Agency Abu Dhabi launched the Strategic Environmental Assessment (SEA) program, which includes a comprehensive approach to project planning, ensuring environmental factors are considered from the beginning and promoting sustainability.
What major market segments define the scope and growth of the environmental impact assessments market?
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
Subsegments:
1) By Hydrogeology: Groundwater Flow Analysis, Aquifer Testing And Characterization, Contaminant Transport Modeling, Groundwater Resource Management, Water Quality Assessment
2) By Hydrology: Flood Risk Assessment, Stormwater Management Studies, Watershed And River Basin Modeling, Hydrological Impact On Infrastructure, Water Availability And Resource Management
3) By Contaminated Land: Site Contamination Risk Assessment, Soil Remediation And Cleanup Studies, Toxicology And Hazardous Materials Analysis, Landfill And Waste Disposal Impact Studies, Brownfield Site Assessments
4) By Geo-conservation: Geological Site Protection And Management, Biodiversity And Ecosystem Preservation, Assessment Of Natural Heritage Sites, Geological Hazard Mitigation (Landslides, Erosion), Conservation Of Geological Resources
5) By Geotechnical Engineering: Soil And Rock Mechanics Analysis, Ground Stability And Landslide Risk Assessment, Foundation Design And Engineering, Slope Stability Studies, Seismic Hazard And Earthquake Risk Assessment
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What regions are at the forefront of environmental impact assessments market expansion?
North America was the largest region in the environmental impact assessments market in 2023. The regions covered in the environmental impact assessments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the environmental impact assessments industry growth?
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.
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What Is Covered In The Environmental Impact Assessments Global Market Report?
•Market Size Forecast: Examine the environmental impact assessments market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the environmental impact assessments market for a structured understanding.
•Key Players Overview: Analyze major players in the environmental impact assessments market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the environmental impact assessments market.
•Segment Contributions: Evaluate how different segments drive overall growth in the environmental impact assessments market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the environmental impact assessments market.
•Industry Challenges: Identify potential risks and obstacles affecting the environmental impact assessments market.
•Competitive Landscape: Review strategic developments in the environmental impact assessments market, including expansions, agreements, and new product launches.
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