Global Environmental Health and Safety (EHS) market estimated to reach $10.7 Bn in 2025
Published | 06 September 2019
According
to BlueWeave Consulting, the Global Environmental Health and Safety (EHS) Market anticipated to reach $10.7 Bn in 2025 and expected to expand at a
promising CAGR of over 10.9% in the forecast period 2019-2025.
Environmental health and safety (EHS) is a study of safety and protection
within the work atmosphere. Environmental health and safety tools are utilized
by companies to adhere to environmental standards and rules with business and
environmental health and safety.
The
execution of these tools is witnessing a significant growth owing to an
increase in business investment across EHS software platforms. It discipline ensures
that organizations work in an environmental-friendly manner, causing no harm to
the environment or individuals. EHS in an organization is concerned with safety
at the workplace, environmental protection, occupational safety and health, and
best practices. Growing risk of environmental devastation owing to poor
compliance by enterprises led to stricter rules & regulations across
industries. Various statutory and legal requirements to maintain environmental
health and safety standards surged the deployment across verticals including
energy and mining, construction and chemicals and petrochemicals.
Key Findings from the
report suggest:
• In 2018, the Services segment held the largest share
by component expected to lead the market over the forecast period. The services
provided by the market players such as consulting, monitoring & testing,
training programs, and designing of corporate sustainability strategies.
• By application, Waste Water Management segment is projected
to grow at a faster pace over the forecast period. Industrial Waste Management
held for the largest market size in 2018 driven by the growing demand from the
chemical, oil & gas, mining, telecommunication, and construction industries
worldwide.
• Based on end-use, Energy & Mining industry is projected to
hold the largest market size. A significant share of the demand is from the oil
& gas industry, wherein the possibilities of environmental contamination
and injuries to personnel are very high.
• North America was a major contributor to the environmental
health and safety market closely followed by Europe. Due to strict regulations
imposed by the government and environmental protection agencies of the region.
Global Environmental
Health and Safety (EHS) Market: Competitive Landscape
Companies
such as SAP SE, Enablon, ETQ, Intelex, Gensuite, Enviance, Cority, Verisk 3E,
Velocityehs, Optial, Sphera Solutions, SGS S.A., The HS&E Group, EHS Data
Limited, AECOM Technology Corporation, Triumvirate Environmental, Inc., and
Mott MacDonald are the leading players of environmental health and safety
market across the globe.
The
in-depth analysis of the report provides the growth potential, upcoming trends
and statistics of global environmental health and safety (EHS) market size
& forecast. The report promises to provide state-of-the-art technology of environmental
health and safety and industry insights which help decision makers to take
sound strategic decisions. Furthermore, the report also analyzes the market
drivers and challenges and competitive analysis of the market.
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