Global Environmental Consulting Services Market to Reach $43.2 Billion by 2026

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Edition: 6; Brought out: February 2022
Executive engagements: 2822
Companies: 209 – Players covered include AECOM; ANTEA Group; Arcadis NV; Bechtel Corporation; CH2M Hill Inc.; ERM Group, Inc.; Golder Associates; John Wood Group PLC; Ramboll Group A/S; SLR Consulting Limited; Stantec, Inc.; Tetra Tech, Inc. and others.
Cover: All major regions and key segments
Segments: Type of service (consulting services for site remediation; consulting services for water and waste management; environmental management, compliance and due diligence; other service types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and rest Europe); Asia Pacific (Australia; India; South Korea; and rest Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest Latin America); middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest middle East); and Africa.

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To reach global market for environmental consulting services $43.2 billion until 2026
The concept of environmental consulting revolves around the provision of services and products by various bodies or consultants to assist governments and organizations in managing the environment and ensuring compliance with environmental policies. Currently, the key factors influencing the Environmental Consulting Services market include digital innovations and changes in the market landscape led by investments and policies. Another important area of ​​focus for environmental consulting at present is ESG (environmental, social and governance) management and metrics. In some countries like France for example, it is now mandatory. The COVID-19 pandemic is expected to further increase the importance of ESG amid the growing global urgency of climate change. The recovery in the construction sector and the trend towards smart cities, as well as the increasing focus of countries on meeting the United Nations Sustainable Development Goals, are key growth drivers for environmental consulting services. The UN had set sustainable development goals for all member countries. Goals include providing equitable access to drinking water, improving water quality by focusing on reducing pollution, preventing the disposal of hazardous waste, building more resilient and safer infrastructure, designing national strategies to better manage climate change, the Promoting sustainable use of land and sea resources, etc. Governments of all member countries need to invest to achieve these goals, which is expected to increase demand for environmental services in the future.

Amidst the COVID-19 crisis, the global Environmental Consulting Services Market is estimated at $34.9 billion in 2022 is expected to reach a revised size of $43.2 billion to 2026 and growing at a CAGR of 5.3% over the analysis period. Site Remediation Consulting Services, one of the segments analyzed in the report, is expected to reach a CAGR of 5.2% $15.3 billion until the end of the analysis period. After a thorough analysis of the business impact of the pandemic and the economic crisis it is causing, the growth in the Water & Waste Management Consulting Services segment is adjusted to a revised annual growth rate of 5.4% for the next 7 years. This segment currently accounts for a 28.2% share of the global market for environmental consulting services. Site remediation is the process of removing polluted or contaminated soil, surface water or groundwater to minimize impact on people and the environment. There are various regulatory standards that mandate remedial action in the event of pollution resulting from an environmental incident or previous industrial activity. Amid the expected positive development in the global engineering and construction sector due to the anticipated recovery of the economic scenario and the revival of spending behavior, the demand for environmental consulting services such as water and waste management is expected to pick up again in the post-COVID-19 period.

The US market is estimated at 17 billion dollars in 2022, while China is expected to reach $3.1 billion until 2026
The market for environmental consulting services in the USA is estimated at $17 billion in 2022. The country currently has a 48.59% share of the world market. Chinathe second largest economy in the world, is expected to reach an estimated market size of $3.1 billion in 2026 with a CAGR of 6.9% over the analysis period. Among the other notable geographic markets are Japan and Canada, which forecast growth of 3.6% and 4.7%, respectively, over the analysis period. Within Europe, Germany is forecast to grow at approx. 5.3% CAGR while reaching the rest of the European market (as defined in the study). $3.3 billion until the end of the analysis period.

environmental management, compliance & due diligence $10.4 billion until 2026
In the global segment Environment Management, Compliance & Due Diligence United States of America, Canada, Japan, China and Europe will drive the 5.8% CAGR estimated for this segment. These regional markets together make up a market size of $6.5 billion will reach a projected size of $9.7 billion until the end of the analysis period. China will be among the fastest growing in this cluster of regional markets. Led by countries such as Australia, Indiaand South Koreathe market one Asia Pacific is forecast to achieve $484.5 million by 2026, while Latin America will expand at a CAGR of 6.6% during the analysis period. More

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