The Latest Ehs Industry Statistics Explained
The global Environment, Health, and Safety (EHS) market size was valued at USD 5.36 billion in 2019.
The statistic indicates that the market size for Environment, Health, and Safety (EHS) services worldwide was estimated to be USD 5.36 billion in the year 2019. This figure represents the total value of goods and services related to EHS that were bought and sold globally during that time period. The EHS market encompasses a range of products and services aimed at promoting environmental sustainability, ensuring workplace safety, and protecting public health. The size of the market suggests a growing emphasis on EHS concerns by businesses and organizations globally, reflecting a commitment to sustainable and responsible practices in various industries.
The EHS market is expected to reach USD 8.43 billion by 2027, growing at a CAGR of 6.2%.
This statistic indicates that the Environmental, Health, and Safety (EHS) market is projected to achieve a market value of USD 8.43 billion by the year 2027, with a Compound Annual Growth Rate (CAGR) of 6.2%. This forecast implies a steady and consistent growth rate for the EHS market over the specified period. The CAGR of 6.2% signifies the average annual growth rate that the market is anticipated to experience, reflecting increasing demand for EHS solutions and services driven by factors such as regulations, corporate sustainability initiatives, and a growing focus on ensuring workplace safety and environmental protection.
83% of EHS leaders believe digital transformation is improving EHS outcomes.
The statistic ‘83% of EHS leaders believe digital transformation is improving EHS outcomes’ indicates that a vast majority of leaders in the Environment, Health, and Safety (EHS) sector perceive digital transformation positively impacting EHS outcomes. This suggests a high level of support and recognition among EHS professionals for the benefits brought about by leveraging technology for enhancing environmental sustainability, health, and safety practices. The statistic reflects a strong belief that digital tools and innovations play a crucial role in advancing EHS performance, potentially leading to more efficient and effective EHS management strategies and improved outcomes in terms of worker safety, compliance with regulations, and overall environmental impact.
60% of EHS leaders think advanced analytics will play a crucial role in EHS performance.
This statistic indicates that a majority (60%) of Environment, Health, and Safety (EHS) leaders believe that advanced analytics will be highly important for enhancing EHS performance within their organizations. This suggests that EHS leaders recognize the value of using advanced data analysis techniques to improve their strategic decision-making processes, optimize resource allocation, identify patterns and trends in environmental and safety data, and ultimately drive better outcomes in terms of environmental sustainability, workplace safety, and regulatory compliance. By acknowledging the significance of advanced analytics in EHS performance, these leaders are likely to invest in technologies and expertise that can help leverage data-driven insights to proactively manage risks, enhance operational efficiency, and achieve their overall EHS goals.
Wide scale adoption of advanced technologies in EHS has resulted in 5% reduction in workplace fatalities.
The statistic suggests that the widespread implementation of advanced technologies in Environmental Health and Safety (EHS) practices has led to a significant reduction of 5% in workplace fatalities. This indicates that the use of innovative tools and systems, such as sensors, data analytics, monitoring devices, and other technological advancements, has contributed to creating safer work environments for employees. By leveraging such technologies, organizations are better equipped to identify and mitigate potential hazards, improve safety protocols, and prevent accidents, ultimately leading to a decrease in the number of fatalities occurring in the workplace.
The construction industry widely uses EHS software, accounting for over 33% of the overall demand
The statistic stating that the construction industry widely uses EHS (Environment, Health, and Safety) software, accounting for over 33% of the overall demand, highlights the significance of EHS software in addressing safety and sustainability concerns within the construction sector. This high level of adoption in the industry signifies a widespread recognition of the importance of effectively managing environmental risks, ensuring worker safety, and maintaining compliance with regulations. The substantial demand for EHS software in construction also suggests a growing emphasis on sustainability practices and proactive risk management strategies within the sector. This statistic underscores the pivotal role of technology in driving advancements in safety and environmental performance across construction activities.
Among business dimensions, risk & compliance management directed towards EHS has grown by over 10%.
This statistic suggests that within the realm of business dimensions, there has been a noticeable increase of more than 10% in the focus on risk and compliance management related to environmental, health, and safety (EHS) issues. This indicates an enhanced emphasis on ensuring that businesses are proactively managing potential risks and adhering to regulatory compliance standards in the context of environmental impact, health, and safety concerns. The significant growth in this area highlights a recognition of the importance of mitigating risks and meeting compliance requirements within EHS-related aspects of business operations, reflecting a commitment to sustainability and responsible corporate practices.
The Asia-Pacific region will have the highest growth in EHS market, projected to grow at a CAGR of over 12% until 2025.
The statistic indicates that the Environmental, Health, and Safety (EHS) market in the Asia-Pacific region is forecasted to experience the highest growth rate compared to other regions, with a projected Compound Annual Growth Rate (CAGR) exceeding 12% until the year 2025. This suggests that businesses and industries in the Asia-Pacific region are increasingly prioritizing EHS initiatives, likely driven by factors such as regulatory requirements, sustainability goals, and a growing awareness of environmental and health concerns. The robust growth in the EHS market in this region signifies a significant opportunity for EHS service providers, software vendors, and consulting firms to expand their operations and capitalize on the increasing demand for EHS solutions and expertise in the Asia-Pacific market.
Europe dominated the EHS market with a 33.57% share in 2018.
The statistic “Europe dominated the EHS market with a 33.57% share in 2018” indicates that Europe held the largest portion of the Environmental, Health, and Safety (EHS) market globally in the year 2018. This means that European companies, organizations, and institutions involved in the EHS sector accounted for approximately one-third of the total market activity worldwide during that time. The high market share suggests that Europe was a significant player in developing, implementing, and utilizing EHS solutions and technologies, showcasing the region’s commitment to environmental sustainability, workplace safety, and regulatory compliance. This statistic highlights Europe’s leading role in the EHS industry and underscores the importance of the region in driving advancements and best practices in this field.
By 2025, over 50% of businesses will use mobile EHS software.
The statistic “By 2025, over 50% of businesses will use mobile EHS software” indicates a growing trend in the adoption of mobile Environmental, Health, and Safety (EHS) software solutions among businesses. This statistic suggests that a majority of companies across various industries will transition from traditional EHS management systems to mobile applications by the year 2025. The shift towards mobile EHS software highlights the increasing importance placed on efficiency, accessibility, and real-time data management in ensuring workplace safety and compliance. This trend reflects a broader digital transformation within the business world, as organizations seek to leverage technology to streamline operations and enhance safety practices.
More than 60% of EHS professionals view AI positively for revolutionizing EHS programs.
The statistic stating that more than 60% of EHS (Environmental Health and Safety) professionals view AI positively for revolutionizing EHS programs suggests that a significant majority of professionals in the field have a favorable opinion of artificial intelligence’s potential to enhance and transform environmental health and safety initiatives. This indicates a widespread optimism among EHS professionals regarding the capabilities of AI technology in improving and modernizing various aspects of EHS programs, such as streamlining processes, increasing efficiency, and enhancing outcomes. This statistic implies that AI is perceived as a valuable tool that can bring about innovative solutions and advancements in the field of environmental health and safety management by the majority of professionals surveyed.
Oil and gas industry accounts for over 25% of the EHS market.
This statistic indicates that the oil and gas industry comprises more than a quarter of the market for environment, health, and safety (EHS) products and services. It suggests that a significant portion of companies in the EHS market are from the oil and gas sector, indicating the industry’s substantial presence and investment in environmental protection, worker safety, and health-related initiatives. This prominence may be due to the high risks associated with oil and gas operations and the stringent regulatory requirements imposed on these companies, driving the demand for EHS solutions and services within the sector.
55% of EHS professionals anticipate putting a heavy focus on mental health in the future.
The statistic “55% of EHS professionals anticipate putting a heavy focus on mental health in the future” indicates that a substantial portion of Environment, Health, and Safety (EHS) professionals foresee prioritizing mental health initiatives in their work moving forward. This suggests a growing recognition within the EHS sector of the importance of addressing mental health issues in the workplace. The statistic implies that organizations are increasingly acknowledging the mental wellbeing of their employees as a crucial aspect of overall health and safety management. By emphasizing mental health, EHS professionals aim to create healthier and more supportive work environments that promote overall wellbeing and productivity.
The Software as Service (SaaS) based EHS solutions are poised to grow at a rate of 12.2% from 2020 to 2027.
The statistic indicates that software as a service (SaaS) based environmental, health, and safety (EHS) solutions are expected to experience a growth rate of 12.2% between 2020 and 2027. This suggests a significant increase in the adoption and utilization of cloud-based EHS software by organizations seeking to streamline their processes, enhance compliance, and improve overall EHS performance. The projected growth rate highlights the trend towards leveraging technology to enhance EHS management practices, indicating a shift away from traditional on-premise solutions towards more flexible and scalable cloud-based alternatives. This statistic signifies a growing recognition of the benefits of SaaS-based EHS solutions, such as cost-effectiveness, accessibility, and the ability to adapt to evolving regulatory requirements and industry standards.
The EHS services market in the Middle East & Africa region is projected to grow at CAGR of over 8.5% by 2025.
This statistic indicates that the market for Environmental, Health, and Safety (EHS) services in the Middle East & Africa region is forecasted to experience a Compound Annual Growth Rate (CAGR) surpassing 8.5% by the year 2025. This suggests a robust and steady increase in demand for EHS services in the region over the next few years, reflecting a growing awareness and prioritization of environmental sustainability, health, and safety considerations among businesses and governments. The projected growth rate signifies significant opportunities for companies operating in the EHS sector to expand their services and cater to the evolving needs of organizations seeking to enhance their sustainability practices and ensure compliance with regulations.
By 2025, energy and utilities sector’s EHS market share will cross USD 1.5 billion.
The statistic indicates that by the year 2025, the market share of the Environmental, Health, and Safety (EHS) services within the energy and utilities sector is projected to exceed USD 1.5 billion. This prediction suggests a significant growth in demand for EHS services within the energy and utilities industry over the next few years, likely driven by increasing regulations and awareness around environmental sustainability and occupational health and safety concerns. The substantial market share value of over USD 1.5 billion signifies a lucrative and expanding market for EHS service providers operating within the energy and utilities sector, highlighting the importance of ensuring compliance with regulations and establishing a safe and sustainable working environment in this industry.
Around 30% of employees believe that there is a problem with the safety culture in their organization.
The statistic that around 30% of employees believe there is a problem with the safety culture in their organization indicates a significant subset of the workforce holds concerns about safety practices and attitudes within the company. Such perceptions can have profound implications for overall workplace safety, as employees who perceive a poor safety culture may be less likely to adhere to safety protocols, leading to an increased risk of accidents and injuries. This statistic highlights the importance for organizations to address and improve safety culture through effective communication, training, and enforcement of safety policies to create a safer work environment for all employees.
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