Environment, Health, and Safety (EHS) Market Growing Technology Opportunities and Future Business Trends to 2026
The Global Environment, Health, and Safety (EHS)
market is forecast to reach USD 14.13 Billion by 2026, according to a new
report by Reports and Data. The expansion of Environment, Health, and Safety
(EHS) market is attributed to the combination of diverse factors. One of the
mentionable driving factor in this context is the expansion in various
industries like mining, and energy, among others, and the associated rise in
the occurrence rate of occupational hazards and accidents in these industries.
Such an increase in the occurrence rate of occupational hazards, results in a
significant growth of Environment, Health, and Safety (EHS) like never before
which have a positive impact on the growth of the market.
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Apart from the factors specified above, increased
environmental hazard and the associated rise in awareness about environmental
protection has resulted in the formulation of stringent environmental
protection regulations. The development of these regulations results in
increasing the demand for Environment, Health, and Safety (EHS) services and
solutions, which positively impacts the growth of the market. The rise in
investments made by key players of the market results in enhancements of Environment,
Health, and Safety (EHS) consulting services and advancements in
Environment, Health, and Safety (EHS) software. The mentioned
developments are propelling the growth of the market. Advancements in the
market made by its key players like the development of audit management
software, Gensuite Environmental Management Software (EMS) is also helping in
boosting the expansion of the market.
In regards to region, Asia Pacific is forecast to witness
the highest growth rate in the Environment, Health, and Safety (EHS) market
during the forecast period. The growth rate of the Asia Pacific region is the
result of expansion in chemical industry and booming energy and mining sectors
that has resulted in increasing the relevance and use of Environment, Health,
and Safety (EHS) services and solutions in this region.
To identify the key trends in the industry, click on the
link below: https://www.reportsanddata.com/report-detail/environment-health-and-safety-ehs-market
Further key findings from the report suggest
- The
Environment, Health, and Safety (EHS) market held a market share of USD
5.10 Billion in the year 2018, with a growth rate of 11.8% during the
forecast period.
- In
regards to Component, the Services segment generated the highest revenue
of USD 3.67 Billion in 2018 with a CAGR of 11.3% during the forecast
period. The revenue generated by the segment is the result of increased
demand for analytical services which are helpful for enterprises in
collecting data from various resources and elevate their Environment,
Health, and Safety (EHS) standards.
- In
context to Professionals, the Hygienists/Inspectors segment is forecast to
yield the highest revenue of USD 37 Billion by 2026 with a growth rate of
12.2% during the forecast period. Factors contributing to the revenue
generated by Hygienists/Inspectors segment are high relevance of
Environment, Health, and Safety (EHS) solutions in regards to the duties
of these professionals and the resultant incorporation in their
functioning.
- In
regards to Application, Industrial Waste Management segment yielded the
highest revenue of USD 3.06 Billion in 2018 with the highest growth rate
of 12.3% during the forecast period. The revenue generates by the
Industrial Waste Management segment is attributed to the expansion of
different industries like chemicals and materials sectors and the
associated rise in the number of compliance regulations in these industries
that require to emphasize on industrial waste management.
- In
regards to end-user, the Energy & Mining segment is forecast to occupy
the largest market share of 24.0% by 2026, with a CAGR of 12.4% during the
forecast period. The market share held by Energy & Mining segment is
the result of advancements in oil and gas manufacturing sector and the
associated rise in rigid rules formulated by manufacturing companies to
ascertain safety and security of the environment and their employees. The
formulation of these manufacturing regulations increases the relevance of
EHS solutions to Energy & Mining sector, which in turn contributes to
the market share of this segment.
- In
regards to the region, Asia Pacific is forecast to experience the highest
growth rate of 13.2% during the forecast period. The growth rate of the
Asia Pacific region is the result of expansion in chemical industry and
booming energy and mining sectors that has resulted in increasing the
relevance and use of Environment, Health, and Safety (EHS) services and
solutions in this region.
- Key
participants include Enablon, Intelex, SAP, ETQ, Enviance, Gensuite,
Velocityehs, Cority, Verisk 3E and Sphera Solutions.
For the purpose of this report, Reports and Data have
segmented the global Computer Vision System market according to Component,
Professionals, Application, End-user, and Region:
Component Type Outlook (Revenue, USD Billion; 2020-2026)
- Solutions
- Environment
Compliance
- Energy
and carbon management
- Cost
management
- Quality
and risk assessment
- Data
analytics
- Services
- Auditing
- Testing
and monitoring
- Certification
- Training
- Implementation
- Analytics
- Consulting
- Project
Management
- Others
Professionals type Outlook (Revenue, USD Billion;
2020-2026)
- Managers
- Hygienists/Inspectors
- Business/Financial
advisers
- HR
Professionals
- Specialty
occupation representatives
- Others
Application Type Outlook (Revenue, USD Billion; 2020-2026)
- Industrial
Waste Management
- Medical
& Pharmaceutical Waste Management
- Waste
Water Management
End-user Type Outlook (Revenue, USD Billion; 2020-2026)
- Energy
& Mining
- Chemical
& Petrochemical
- Telecom
& IT
- Healthcare
- Manufacturing
- Construction
- Others
Regional Outlook (Revenue, USD Billion; 2020-2026)
- North
America
- U.S.
- Europe
- UK
- France
- Asia
Pacific
- China
- India
- Japan
- MEA
- Latin
America
- Brazil
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