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Expanding Opportunities In The Water And Waste Management Consulting Services: Strengthening the Growth Trajectory of the Water And Waste Management Consulting Services Market
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Water And Waste Management Consulting Services Industry Market Size Be by 2025?
The market size for water and waste management consulting services has been gradually expanding over recent years. The projections indicate an upsurge from $17.18 billion in 2024 to $17.98 billion in 2025, with a compound annual growth rate (CAGR) of 4.7%. The historical growth spurt can be traced back to factors such as enforcement and adherence to environmental laws, development and advancement of infrastructure, efficient management of scarce water resources, initiatives geared towards waste minimization and recycling, increase in public consciousness, and engagement with key stakeholders.
What's the Long-Term Growth Forecast for the Water And Waste Management Consulting Services Market Size Through 2029?
Anticipations are high for a robust expansion in the water and waste management consulting services market in the coming future. The projected size of the market in 2029 will reach $22.38 billion, increasing at a compound annual growth rate (CAGR) of 5.6%. The surge during the forecasted time frame can be credited to factors such as an expanding circular economy and sustainable practices, adjustments and fortitude towards climate change, the incorporation of modern technologies, government-led initiatives and funds, and public-private collaborations (PPPs). Notable trends during this prediction interval will include the digital transformation of services, waste conversion to energy solutions, planning for resilience, engagement and accountability in community, and inventive financing models.
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What Are the Key Growth Drivers Fueling the Water And Waste Management Consulting Services Market Expansion?
The surge in industrial and municipal waste as a result of quickening urban development is fuelling the expansion of the water and waste management consulting services market. With urbanization comes a rapid rise in production and consumption, creating waste from various sources such as domestic, commercial, institutional, and industrial. For instance, the Department for Environment Food and Rural Affairs, a government department in the UK, reported in September 2024 that England's commercial and industrial sectors produced 33.6 million tons of waste in 2023. Thus, the escalating amounts of industrial and municipal waste will persistently drive growth in the water and waste management consulting services market.
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What Are the Key Trends Driving Water And Waste Management Consulting Services Market Growth?
The consulting firm GreenUp has emerged as a major trend in water and waste management consulting due to its sustainability and environmental focus. The GreenUp initiative is designed to spearhead ecological transformation by concentrating on sustainable solutions in various domains. For example, Veolia, a utilities corporation based in France, initiated a new strategic strategy known as "GreenUp" for the duration of 2024-2027. The primary goal of this initiative is to establish Veolia as a significant contributor to ecological transformation. The GreenUp initiative is set to expedite the application of sustainable solutions, while simultaneously promoting innovation to solve eco-friendly challenges. The program primarily targets three growth areas: bioenergy, water technologies, and energy efficiency. Veolia has proposed an investment plan of €2 billion (around $2.15 billion) in these sectors, with ambitious goals such as the production of 8 GW of bioenergy while boosting its expertise in water management and pollutant treatment. The key target of the program is to significantly lower carbon emissions, with a specific goal of reducing Scope 1 and 2 emissions by 50% by 2032, and reaching carbon neutrality by 2050.
How Is the Water And Waste Management Consulting Services Market Segmented?
The water and waste management consulting services market covered in this report is segmented -
1) By Waste: Solid Waste Management, Waste Water Management
2) By Treatment: Primary Treatment, Secondary Treatment, Tertiary Treatment, Other Treatments
3) By Applications: Municipal Waste, Industrial Waste, Others
4) By Service: Strategic Solid Waste Management And Planning, Water Treatment And Distribution System Designs, Design And Documentation For Recycling And Waste Disposal Facilities, Environmental And Social Impact Assessment, Sewage System Setup Services, Other Services (Operational Services, Infrastructure Development, Economics And Finance, Advisory Services)
Subsegments:
1) By Solid Waste Management: Waste Collection And Transportation, Recycling And Resource Recovery, Landfill Management, Waste Minimization And Reduction Strategies
2) By Waste Water Management: Treatment Plant Design And Optimization, Effluent Treatment Solutions, Water Reuse And Recycling, Regulatory Compliance And Reporting
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Which Companies Are Leading the Charge in Water And Waste Management Consulting Services Market Innovation?
Major companies operating in the water and waste management consulting services market include Jacobs Engineering Group Inc., Fluor Corporation, Republic Services Inc., AECOM Technical Services Inc., E.I. du Pont de Nemours and Company, ERM Worldwide Limited, WSP Global Inc., WorleyParsons plc, KBR Inc., Amec Foster Wheeler Environment and Infrastructure Limited, CH2M HILL Engineers Inc., Stantec Inc., Black & Veatch Corporation, Parsons Corporation, MWH Global Inc., Casella Waste Systems Inc., Golder Associates Ltd., SLR Consulting Ltd., ENVIRON International Corporation, Antea Group Inc., Mott MacDonald Middle East LLC, Blue Vista Technologies Inc., Evoqua Water Technologies LLC, URS Corporation, SUEZ Environnement SA, Wood Environment & Infrastructure Solutions Inc.
Which Regions Are Leading the Global Water And Waste Management Consulting Services Market in Revenue?
North America was the largest region in the water and waste management consulting services market in 2024. Western Europe was the second largest region in the water and waste management consulting services market analysis. The regions covered in the water and waste management consulting services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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