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The environmental consulting service market size is expected to reach US$ 77.35 billion by 2031 from US$ 43.04 billion in 2023. The market is estimated to record a CAGR of 7.6% from 2023 to 2031. Environmental laws for better environmental management are likely to remain key market trends in the market.
Environmental Consulting Service Market Analysis
Environmental consultancies include various domains, such as contaminated land, energy, geotechnical, environment management systems, green claims, compliance, impact assessment, flood risk, asbestos management, radon, carbon, etc. The environmental consulting services market is growing owing to various factors, such as rising awareness in industries regarding environmental impact and government regulations for environmental protection. The shift from traditional consulting to cloud-based consulting is a significant future trend in the environmental consulting services market. Moreover, the residential construction sector has started gaining momentum in recent years owing to a surge in the global population, along with high demand for single-family homes. Thus, the growth in residential construction is likely to surge the need for an efficient water management system, further boosting the demand for environmental consulting services in the coming years.
Environmental Consulting Service Market Overview
The significance of environmental consulting has increased recently as more businesses realize the importance of following sustainable practices in their operations. Environmental consulting involves experts assisting businesses in becoming environmentally friendly and sustainable. Organizations adopt environmental consulting services to conduct environmental impact assessments, implement environmental management plans, and obtain clearances for new projects. The environmental impact assessment is crucial for development projects such as commercial buildings, including infrastructural, townships, and industrial projects. Environmental auditing helps evaluate remediation technology options for obtaining clearances from the government regarding the project. Environmental management plans include implementing, monitoring, and developing plants for occupational health and safety management systems analysis, audit, and hazard and operability studies.
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Environmental Consulting Service Market: Strategic Insights
Market Size Value in US$ 34,365.5 Million in 2020 Market Size Value by US$ 50,974.7 Million by 2028 Growth rate CAGR of 5.4% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Environmental Consulting Service Market: Strategic Insights
Market Size Value in | US$ 34,365.5 Million in 2020 |
Market Size Value by | US$ 50,974.7 Million by 2028 |
Growth rate | CAGR of 5.4% from 2021-2028 |
Forecast Period | 2021-2028 |
Base Year | 2021 |
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Speak to AnalystEnvironmental Consulting Service Market Drivers and Opportunities
Rise in Government Regulations and Laws for Environment Protection
Governments of various countries impose strict laws and policies to address environmental concerns, such as pollution, climate change, and resource management; as a result, companies are hiring environmental consultants to navigate the complex regulatory landscape. These governments are enacting a wide range of environmental regulations aimed at reducing pollution, conserving resources, and mitigating climate change. A few of these laws and regulations cover different areas such as air and water quality, waste management, carbon emissions, and biodiversity protection. For instance, in the US, environmental regulations such as the Clean Air Act, Clean Water Act, and National Environmental Policy Act (NEPA) require businesses to conduct environmental assessments and monitoring. The complexity of these regulations makes it difficult for businesses to stay compliant. Environmental consulting firms help businesses interpret and comply with these laws, ensuring they meet the required standards to avoid fines, legal action, and damage to their reputations. Consultants assist with permitting, environmental impact assessments, pollution control measures, and reporting requirements.
A few government-imposed laws are aimed at promoting resource efficiency, reducing waste, and enhancing sustainability in production processes. For example, the European Commission adopted a set of proposals to make the EU's climate, transport, energy, and taxation policies fit for reducing net greenhouse gas emissions by approximately 55% by 2030. Similarly, in November 2021, the Government of India announced its plan to achieve net zero emissions by 2070. Environmental consultants help industries meet these sustainability goals by conducting audits and advising on energy-saving technologies. Thus, a rise in government regulations and laws for environmental protection boosts the environmental consulting services market growth.
Use of Clean Energy and Advancements in Renewable Technologies
Clean energy is gaining traction as the energy source in various factories across the globe due to the rising prices of conventional energy for industrial use. Clean energy offers various advantages such as decreased operational costs and government support in terms of subsidies and tax incentives. Many organizations are increasingly utilizing clean energy to meet sustainability goals, including reducing carbon emissions and shifting to 100% renewable energy use. For instance, GreenStitch, a Bengaluru-based software as a solution (SaaS) provider working on sustainability in fashion and textiles, announced its plan to manage 1 billion metric ton of carbon by 2030. Environmental consulting services are essential for helping businesses develop and implement sustainability strategies that cater to these goals. Also, advancements in renewable energy technologies such as battery storage, smart grids, and offshore wind farms require specialized knowledge to assess their environmental impacts and integration potential. Environmental consultants with expertise in such technologies help companies sustainably implement these innovations. As renewable energy technologies continue to evolve, environmental consultants can provide specialized services in areas such as battery storage impact analysis, smart grid development, and offshore energy projects, which is opening new prospects for environmental consulting. Thus, the use of clean energy and advancements in renewable technologies is expected to create lucrative opportunities for the environmental consulting services market growth during the forecast period.
Environmental Consulting Service Market Report Segmentation Analysis
Key segments that contributed to the derivation of the environmental consulting service market analysis are service type, media type, and vertical.
- Based on service type, the environmental consulting services market is segmented into investment assessment and auditing, permitting and compliance, project and information management, monitoring and testing, and others. The investment assessment and auditing segment held the largest share of the market in 2023.
- In terms of media type, the environmental consulting services market is categorized into water management, waste management, and others. The water management segment dominated the market in 2023.
- Based on vertical, the environmental consulting services market is segmented into energy and utilities, chemical and petroleum, manufacturing and process industries, transportation and construction industries, and others. The energy and utilities segment held the largest share of the environmental consulting services market in 2023.
Environmental Consulting Service Market Share Analysis by Geography
The environmental consulting service market is segmented into five major regions: North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. North America dominated the market in 2023, followed by Europe and APAC.
The demand for environmental consulting services in North America is increasing owing to various factors, such as a combination of regulatory pressures, corporate sustainability goals, climate change initiatives, and public awareness of environmental issues. The introduction and enforcement of stringent environmental regulations in the US and Canada have increased the demand for environmental consulting services. Governments of various countries across the globe are implementing stricter policies related to emissions, waste management, and pollution control, compelling businesses to seek consultancy services to ensure compliance. For instance, the Resource Conservation and Recovery Act (RCRA) is the primary federal law governing hazardous and solid waste disposal in the US. The RCRA provides guidelines for the proper management of waste from generation to disposal. It also establishes requirements for waste storage, treatment, and disposal facilities. Various companies need environmental consultants to help them navigate complex regulations, conduct environmental impact assessments (EIAs), and develop pollution control strategies.
Environmental Consulting Service Market Report Scope
Environmental Consulting Service Market News and Recent Developments
The environmental consulting service market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the environmental consulting service market are listed below:
- Arcadis had been selected to provide engineering services for Amsterdam’s Zuidasdok program, one of the largest infrastructure projects in the Netherlands. The newly awarded contract encompasses a range of services and will see Arcadis providing multidisciplinary expertise in fields including civil engineering, architecture, electrical engineering, mechanical engineering, building services, permitting, environmental management, and rail infrastructure. (Source: Arcadis, Press Release, September 2024)
- AECOM announced that it had been selected by the National Aeronautics and Space Administration (NASA) to provide environmental restoration and compliance services at facilities across the United States as part of the NASA Environmental Restoration and Compliance Contract (NERCC). Under a five-year contract, AECOM will provide support for environmental restoration activities, including environmental sampling; investigations of potential environmental contaminants; human, health, and ecological risk assessments; and remediation activities. (Source: AECOM, Press Release, April 2024)
Environmental Consulting Service Market Report Coverage and Deliverables
The "Environmental Consulting Service Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
- Environmental consulting service market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Environmental consulting service market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Environmental consulting service market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the environmental consulting service market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Service Type , Media Type , and Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The Global environmental consulting services market is expected to reach US$ 77.35 billion by 2031.
Technological advancements in environmental consulting services, which is anticipated to play a significant role in the Global environmental consulting services market in the coming years.
The incremental growth expected to be recorded for the Global environmental consulting services market during the forecast period is US$ 34.31 billion.
The Global environmental consulting services market was estimated to be US$ 43.04 billion in 2023 and is expected to grow at a CAGR of 7.6 % during the forecast period 2023 - 2030.
Rising awareness in industries regarding environmental impact and rise in government regulations and laws for environment protection are the major factors that propel the Global environmental consulting services market.
The key players holding majority shares in the Global environmental consulting services market are AECOM Inc, Jacobs Engineering Group Inc, WSP Global Inc, ERM Group Inc, and Tetra Tech Inc.
The List of Companies - Environmental Consulting Services Market
- AECOM Inc.
- Jacobs Engineering Group Inc.
- Arcadis N.V.
- Bechtel Corporation
- WSP Global Inc
- ERM Group, Inc.
- Tetra Tech Inc.
- ANTEA GROUP
- Stantec Inc.
- Ramboll Group
- SLR Consulting
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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