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 http://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: http://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
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-environmental-health-and-safety-market
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.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information: www.grandviewresearch.com
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