North America Environmental Consulting Services Market
No. of Pages: 154 | Report Code: TIPRE00022974 | Category: Technology, Media and Telecommunications
No. of Pages: 154 | Report Code: TIPRE00022974 | Category: Technology, Media and Telecommunications
The US, Canada, and Mexico are the major economies in North America. Increasing population, as well as growing spending power, attracts several technological developments, leading to a highly competitive market in the region. With the escalating concerns regarding the adverse impacts of industrial, commercial, and residential activities of humans on the environment, the need for environmental consulting services is increasing. North America is the largest shareholder in the environmental consulting services market. The occurrence of several disastrous in the past stands as one of the key reasons propelling the demand for environmental consulting services for emergency site remediation planning and cleanups. Several regulations have been imposed by governments for the protection of the environment. Major environmental consulting service providers such as Tetra Tech, AECOM, and John Wood have an established market worldwide, as well as in North America; they are providing services for site remediation, natural resource management, environmental auditing, waste management, and others. Other services provided by such consultancies include project management, monitoring and testing, and operation and maintenance. Government bodies also hire these consultancies for preparing updated reports on the impact of various factors on the environment, which help them modify the existing regulations or propose the new ones.
The ongoing COVID-19 pandemic is having devastating impact on North America. The US is the most affected country in the region. The growing number of COVID-19 confirmed cases has led the government to impose various containment measure such as shut down of factory, restrictions on travel, closure of international borders, and lockdowns. The rapidly increasing number of confirmed cases and rising reported deaths in the country is adversely affecting both manufacturing and sales of materials. In addition, the company is minimizing the allocated budget for the manufacturing of industrial machineries owing to economic slowdown, which is negatively affecting the global environmental concerns. The region is expecting market recovery and economic improvement with the implementation of COVID-19 vaccination. Due to supply chain delays and disruption caused, the procurement and distribution of environmental consulting services are negatively impacted.
Strategic insights for the North America Environmental Consulting Services provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 16,486.67 Million |
| Market Size by 2028 | US$ 22,403.49 Million |
| Global CAGR (2021 - 2028) | 4.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Service Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Environmental Consulting Services refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The environmental consulting services market in North America is expected to grow from US$ 16,486.67 million in 2021 to US$ 22,403.49 million by 2028; it is estimated to grow at a CAGR of 4.5% from 2021 to 2028. Clean energy is gaining traction as the energy source of various factories across the world. Owing to the rising prices of conventional energy for industrial use, factories are heavily opting for clean energy due to associated advantages such as decreases operational costs and government support in terms of subsidies and tax incentives. The Tesla Giga factory in Nevada, US, after its completion, aims to run entirely on clean energy. In 2018, Apple claimed that the company runs completely on renewable energy as a part of its commitment to climate change. Various companies are investing in the development of dedicated factory units for generating in-house clean energy through sources such as solar, wind, and geothermal energy, and bioenergy, for heating and other applications. Also, companies are planning to develop new facilities or to relocate their existing facilities to regions that are in proximity to clean and renewable energy sources. Moreover, with a goal of creating a sustainable future, corporates and governments are collaborating to finds new methods of harnessing clean energy, which is projected to create ample opportunities for environmental consulting market players.
The North America environmental consulting services market is segmented into service type, media type, and vertical. The North America environmental consulting services market, by service type, is segmented into investment assessment & auditing, permitting & compliance, project & information management, monitoring & testing, and others. Investment assessment & auditing segment held the largest market share in 2020. The North America environmental consulting services market, by media type, is segmented into water management, waste management, and others. Water management segment held the largest market share in 2020. The North America environmental consulting services market, by vertical, is segmented into energy & utilities, chemicals & petroleum industries, manufacturing & process industries, transportation & construction sectors, and others. Energy and utilities segment held the largest market share in 2020.
A few major primary and secondary sources referred to for preparing this report on the environmental consulting services market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are AECOM, Antea Group, Arcadis N.V., Bechtel Corporation, ERM Group, Inc., Golder Associates, Jacobs Engineering Group Inc., John Wood Group PLC, Ramboll Group A/S, SLR Consulting, Stantec Inc., and Tetra Tech Inc.
The North America Environmental Consulting Services Market is valued at US$ 16,486.67 Million in 2021, it is projected to reach US$ 22,403.49 Million by 2028.
As per our report North America Environmental Consulting Services Market, the market size is valued at US$ 16,486.67 Million in 2021, projecting it to reach US$ 22,403.49 Million by 2028. This translates to a CAGR of approximately 4.5% during the forecast period.
The North America Environmental Consulting Services Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Environmental Consulting Services Market report:
The North America Environmental Consulting Services Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Environmental Consulting Services Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Environmental Consulting Services Market value chain can benefit from the information contained in a comprehensive market report.
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