Environmental Health Safety Market

Environmental Health and Safety (EHS) Market Insights

The global environmental health and safety market is expected to grow at a significant rate over the forecast period. This can be attributed to factors such as increasing investment in end-use segments such as construction, oil & gas and petrochemicals among others to ensure effective compliance. The industry is also anticipated to be influenced by rising government inclination towards environmental protection.

Along with this, growing investment by companies in China and the U.S. for implementation of advanced EHS software is anticipated to be one of the major factors influencing market growth. However, factors such as the poor implementation of regulations, lack of awareness by industries along with lack of actions by authorities are projected to hinder the growth of the industry.

Environmental Health and Safety (EHS) Market: Product Insights

Based on product, the environmental health and safety market is segmented into software and services. The services segment is expected to hold the largest share of the environmental health and safety market. The increase in demand for services provided by players including monitoring, testing, consulting, designing of strategies and training programs among others are anticipated to stimulate the demand over the coming years.

The market for software is expected to grow at a significant CAGR over the forecast period owing to factors such as rising adoption of EHS software by countries such as China, Japan, Singapore and the U.S. among others.

Environmental Health and Safety (EHS) Market: End-Use Insights

On the basis of end users, the global EHS market is segregated into chemical & petrochemical, energy & mining, healthcare, telecom & IT, construction and manufacturing among others. The energy & mining segment is expected to be the key end-user for the EHS market in the coming years. This can be associated with the growth of oil & gas industry which is likely to lead to an increase in environmental contamination. Along with this, growing imposition of stringent regulation on the key players for the safety of workers and the environment is also likely to have a positive influence on the overall market.

The telecom segment is also projected to grow exponentially over the coming years. This can be attributed to rising urbanization along with increasing growth which is anticipated to lead to an increase in stringent compliance requirements from the government over the forecast period.

Environmental Health and Safety (EHS) Market: Application Insights

The global EHS market is segregated into medical & pharmaceutical waste management, industrial waste management, and wastewater management, based on application. The industrial waste management segment is projected to hold the largest share of the industry in the forecast period. This can be associated with rising adoption of EHS solutions by telecom, oil &gas, chemical, and construction industry among others to cater their requirements.

The wastewater management segment is also anticipated to grow at a healthy CAGR owing to increasing water pollution coupled with declining safe water sources across the world which is likely to stimulate demand for EHS systems.

Environmental Health and Safety (EHS) Market: Regional Insights

The market in Europe accounted for a substantial share during the forecast period and is further anticipated to grow at a high CAGR over the coming years. The regional growth is attributed to growing chemicals, construction, and manufacturing industries. The market is further expected to be driven by a growing number of compliance requirement by the government in the region.

Asia Pacific is also projected to grow at a considerable rate attributing to its growing oil & gas, construction and mining industries. China and India are considered as the major revenue contributors to the overall regional market.

Environmental Health and Safety (EHS) Market: End-Use Landscape

The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase Environmental Health and Safety (EHS) over the coming years. Some leading consumers of Environmental Health and Safety (EHS) are Exxon Mobil Corporation, Royal Dutch Shell, Chevron Corporation, Verizon Communications Inc., Vodafone Group, Glencore and Vale.

Environmental Health and Safety (EHS) Market: Vendor Landscape

The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.

Environmental Health and Safety (EHS) Market Share & Competitor Analysis

Some of the players operating in the global EHS market include The HS&E Group, AECOM Technology Corporation, EHS Data Ltd., RPS Group, Triumvirate Environmental, Inc., Environmental Health and Safety Consultants Pvt. Ltd., SGS S.A., Tetra Tech, Inc., MWH Global, Inc. and Golder Associates.

Please note: This is not an exhaustive list of companies profiled in the report.

In July 2018, Bob Diderich, head of the OECD's environmental, health and safety (EHS) division announced that the OECD has made it mandatory for member countries, and those in the process of becoming so, to implement the UN's Globally Harmonized System of classification and labelling of chemicals (GHS). The GHS is a set of rules for classifying hazards, and applying the same format for labels and safety data sheets (SDS) around the world.

In July 2018, Cority, announced an agreement with Airbus. As per the agreement, Cority is to provide its integrated Environmental, Health, and Safety platform to Airbus. Cority is projected to form the foundation of the Federated Information for Safety and Health (FISH) platform and will provide integrated approach to EHS management for Airbus, enabling a holistic view of EHS performance across all departments, sites, and countries.