The global environmental
health and safety market is expected to reach USD 96.18 billion by
2025, according to a new report by Grand View Research, Inc. The increasing
number of regulations imposed by environmental protection and governmental
agencies worldwide is expected to be one of the major factors driving demand
during the forecast period.
Economic slowdown in several parts of the globe has
led to significant corporate restructuring, plant closures, and mothballing.
These business decisions are, however, made taking into consideration the
various environmental challenges posed by these decisions. There is an
increasing need for minimizing environmental liabilities and eliminating
long-term risks.
These factors have led several agencies and
governmental organizations to impose stringent compliance requirements across
industries, with regards to ecological conservation, and safety and health of
personnel. This trend is mainly being witnessed in the North American region,
followed by Asia Pacific.
There are various safety hazards in core industries
such as energy & mining, construction, etc., which pose several challenges
in the form of ecological contamination, injuries to personnel, and personnel
deaths. For instance, the oil & gas industry globally is faced with hazards
such as explosions, fires, vehicle accidents, and caught-in or caught-between
accidents caused by moving equipment, high-pressure lines, and falling
equipment.
As a result of the aforementioned factors, companies
across core industries such as chemicals, petrochemicals, energy & mining,
construction, manufacturing, healthcare, and telecommunications are being
increasingly pressurized to comply with the various regulations put forth by
governmental agencies to ensure environmental and worker health and
safety.
Browse full research report on Environmental Health And Safety Market: https://www.grandviewresearch.com/industry-analysis/environmental-health-and-safety-market
Further key findings from the report suggest
- The industrial application segment accounted for over 55% of the
overall market revenue in 2015, owing to the growing compliance
requirements in key industries such as oil & gas, construction,
manufacturing, and chemicals
- The demand for the service in energy & mining is expected to
grow at a CAGR of over 8% from 2016 to 2025, owing to high regulatory
compliance pertaining to work place safety in the industry
- The U.S. is the largest market for EHS as of 2015, and is expected
to continue its dominance through the forecast period, projected to grow
at a CAGR of over 8.5% from 2016 to 2025
- The growth of the oil & gas industry in the country, along with
the rapid recovery of the construction and manufacturing industries, is
expected to increase the demand for EHS solutions in the U.S. during the
forecast period
- Key participants in the industry, such as HS&E Group, AECOM,
EHS Data Ltd., and RPS Group are focusing on satisfying stakeholder
expectations, preservation on brand value, and efficient EHS compliance,
thereby moving towards centralized EHS management models
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/green-building-materials
Grand
View Research has segmented the global environmental health and safety market
on the basis of product, application, end-use and region:
Product
Outlook (Revenue, USD Million, 2014 - 2025)
- EHS Software
- EHS Services
Application
Outlook (Revenue, USD Million, 2014 - 2025)
- Medical &
Pharmaceutical Waste Management
- Industrial
Waste Management
- Waste Water
Management
End
Use Outlook (Revenue, USD Million, 2014 - 2025)
- Chemical
& Petrochemical
- Energy &
Mining
- Healthcare
- Telecom &
IT
- Construction
- Manufacturing
- Others
Regional
Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Europe
- Germany
- UK
- Asia Pacific
- China
- India
- Japan
- Central &
South America
- Brazil
- Middle East
& Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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