The Latest Environmental Consulting Industry Statistics Explained
The global environmental consulting services market was valued around USD 34.9 billion in 2021.
The statistic ‘The global environmental consulting services market was valued around USD 34.9 billion in 2021’ represents the estimated total worth of the environmental consulting services industry worldwide in terms of revenue generated in that year. This figure reflects the financial value of the services provided by environmental consulting firms to clients seeking assistance with various environmental issues such as sustainability, regulatory compliance, pollution control, and resource management. The market value of USD 34.9 billion indicates the significant demand for environmental expertise and services on a global scale, driven by factors such as increasing environmental regulations, corporate sustainability initiatives, and growing awareness of climate change and environmental conservation.
The industry is predicted to grow at a CAGR of 3.8% in this period.
This statistic indicates that the industry is projected to expand at a Compound Annual Growth Rate (CAGR) of 3.8% over the specified time frame. The CAGR is a measure used to determine the average annual growth rate of an investment or industry over a certain period of time. In this context, a CAGR of 3.8% suggests that the industry is expected to steadily increase its economic output each year by approximately 3.8%. This growth rate can be influenced by various factors such as market demand, technological advancements, regulatory changes, and overall economic conditions. Overall, a CAGR of 3.8% indicates a positive outlook for the industry’s growth trajectory.
According to a survey by Statista, the largest environmental consulting firm by gross global environmental consulting revenue in 2020 was AECOM, with over 1.78 billion U.S. dollars.
The statistic indicates that AECOM was identified as the leading environmental consulting firm in 2020 based on their gross global environmental consulting revenue. With over $1.78 billion in revenue, AECOM outperformed its competitors in generating income from providing environmental consulting services on a global scale. This statistic helps in understanding the market dominance of AECOM in the environmental consulting industry and provides insights into their financial standing and comparative position against other firms in the same sector. For stakeholders, such as investors, clients, and industry analysts, this information can be crucial in evaluating the performance and market presence of AECOM within the environmental consulting landscape.
North America is expected to retain the largest share of the environmental consulting market.
The statistic “North America is expected to retain the largest share of the environmental consulting market” indicates that among all regions globally, North America is projected to have the highest market size or revenue contribution in the environmental consulting industry. This suggests that North America is likely to have a significant demand for environmental consulting services compared to other regions, either due to stringent environmental regulations, higher levels of industrialization, or a greater need for sustainability initiatives. As a result, companies operating in the environmental consulting sector might focus more on North America to capture opportunities and address the environmental challenges faced by businesses and governments in the region.
Site remediation consulting holds the leading share of the environmental consulting market.
The statistic indicates that the segment of site remediation consulting services has the largest market share within the environmental consulting industry. This means that a significant portion of the demand for environmental consulting services is driven by the need for addressing contamination and pollution at specific sites. Site remediation consulting involves activities such as assessing and cleaning up contaminated sites, managing hazardous materials, and ensuring compliance with environmental regulations. The leading share of this market suggests that businesses, government agencies, and other organizations are heavily investing in addressing environmental issues related to specific sites, highlighting the importance of remediation efforts in addressing environmental challenges and promoting sustainability.
Consulting services for water and waste management are expected to grow at the highest rate.
The statistic indicates that the demand for consulting services in the water and waste management sector is projected to increase at a faster rate compared to other industries. This suggests that businesses and organizations are recognizing the importance of sustainable water and waste management practices and are seeking specialized expertise to address these challenges. The growth in this sector may be driven by regulatory requirements, environmental concerns, and the need for efficient and cost-effective solutions. As such, consulting firms offering services related to water and waste management are expected to experience a surge in demand as clients seek assistance in navigating complex regulatory frameworks, implementing sustainable practices, and optimizing their operations to achieve environmental and financial goals.
The demand in the Asia Pacific region is expected to grow fastest due to rapid urbanization and industrialization.
The statistic indicates that the demand in the Asia Pacific region is projected to experience the highest rate of growth compared to other regions. This growth is attributed to the rapid urbanization and industrialization occurring in countries across the region. Urbanization leads to an increase in population density and a shift towards more urban lifestyles, which in turn drives up the demand for goods and services. Industrialization, on the other hand, boosts economic development and creates employment opportunities, further stimulating consumer demand. The combination of these factors suggests that the Asia Pacific region will witness significant growth in demand for various products and services in the foreseeable future.
In 2019, the entire European Union spent over €17 billion on environmental protection services that included environmental consulting.
The statistic indicates that in 2019, the European Union collectively allocated a significant amount of funds, specifically over €17 billion, towards environmental protection services, which encompassed environmental consulting among other activities. This substantial financial investment underscores the EU’s commitment to addressing environmental concerns and implementing sustainable practices across its member states. Environmental consulting plays a crucial role in advising governments, organizations, and industries on strategies to minimize their environmental impact, comply with regulations, and enhance sustainability efforts. The allocation of such a substantial budget towards environmental protection services demonstrates the EU’s recognition of the importance of preserving the environment and promoting sustainable development within the region.
In 2020, the environmental consulting industry in the U.S. generated around 23 billion U.S. dollars in revenue.
The statistic stating that the environmental consulting industry in the U.S. generated approximately 23 billion U.S. dollars in revenue in 2020 highlights the significant economic impact and growth of the industry. This figure underscores the increasing importance placed on environmental awareness and sustainability practices by businesses, governments, and organizations. As environmental concerns become more prominent, the demand for consulting services to address environmental regulations, sustainability initiatives, and risk management has surged. The substantial revenue generated by this industry reflects the expanding market opportunities and the evolving environmental landscape that businesses are navigating in today’s society.
The post-Covid-19 Environmental Consulting Services market size is estimated to be USD 29.7 billion in 2021.
The statistic indicates that the post-Covid-19 Environmental Consulting Services market is projected to reach a total value of USD 29.7 billion in 2021. This figure reflects the anticipated total revenue generated by consulting firms offering services related to environmental impact assessment, sustainability reporting, compliance with regulations, and other environmental management services in the aftermath of the Covid-19 pandemic. The growth in market size suggests an increasing demand for environmental consulting services as businesses and organizations navigate the evolving regulatory landscape, focus on sustainability goals, and address environmental concerns heightened by the pandemic. This statistic serves as a significant indicator of the market’s potential growth and the importance placed on environmental considerations in various industries amid the global recovery from the pandemic.
In 2020, the industrial end-use segment held the largest revenue share in the environmental consulting services market.
The statistic “In 2020, the industrial end-use segment held the largest revenue share in the environmental consulting services market” signifies that among all the different sectors utilizing environmental consulting services, the industrial sector contributed the most revenue to the market in that year. This suggests that industries, such as manufacturing, mining, and energy production, perceived the need and invested significantly in consulting services to address environmental concerns, comply with regulations, and improve sustainability practices. The dominance of the industrial end-use segment in the market highlights a strong demand for environmental consulting services within the industrial sector, possibly driven by a combination of increasing environmental regulations, corporate social responsibility initiatives, and a growing awareness of the importance of sustainable business practices.
The Environmental Consulting industry in Canada has grown by 1.4% in 2021.
The statistic that the Environmental Consulting industry in Canada has grown by 1.4% in 2021 indicates a positive trend in the industry’s performance over the past year. This growth suggests an increase in demand for environmental consulting services in Canada, possibly driven by factors such as a growing awareness of environmental issues, regulatory requirements, and a need for sustainable business practices. The 1.4% growth rate reflects a modest but notable expansion in the industry’s revenue or market size, which could be attributed to various environmental challenges and opportunities faced by businesses and government organizations in the country. Overall, this statistic signifies a positive trajectory for the Environmental Consulting industry in Canada and highlights its importance in addressing environmental concerns and promoting sustainable development.
Oil companies are the biggest clients of environmental consulting services, accounting for approximately 44% of total global market.
The statistic that oil companies are the largest clients of environmental consulting services, comprising around 44% of the total global market, highlights the significant role that these companies play in seeking expertise and guidance to navigate environmental regulations and sustainability practices. Despite the inherent environmental impact of their operations, oil companies are increasingly recognizing the importance of engaging environmental consultants to mitigate risks, ensure compliance, and enhance their environmental performance. This statistic underscores the growing demand for environmental consultancy services within the oil sector and signals a shift towards greater environmental responsibility and accountability within the industry.
References
0. – https://www.www.marketsandmarkets.com
1. – https://www.ec.europa.eu
2. – https://www.www.grandviewresearch.com
3. – https://www.www.futuremarketinsights.com
4. – https://www.www.statista.com
5. – https://www.www.reportsanddata.com
6. – https://www.www.globenewswire.com
7. – https://www.www.mordorintelligence.com
8. – https://www.www.ibisworld.com
9. – https://www.www.prnewswire.com
