The environmental consulting service market size is expected to reach US$ 77.35 billion by 2031 from US$ 43.04 billion in 2023. The market is estimated to record a CAGR of 7.6% from 2023 to 2031. Environmental laws for better environmental management are likely to remain key market trends in the market.
Environmental consultancies include various domains, such as contaminated land, energy, geotechnical, environment management systems, green claims, compliance, impact assessment, flood risk, asbestos management, radon, carbon, etc. The environmental consulting services market is growing owing to various factors, such as rising awareness in industries regarding environmental impact and government regulations for environmental protection. The shift from traditional consulting to cloud-based consulting is a significant future trend in the environmental consulting services market. Moreover, the residential construction sector has started gaining momentum in recent years owing to a surge in the global population, along with high demand for single-family homes. Thus, the growth in residential construction is likely to surge the need for an efficient water management system, further boosting the demand for environmental consulting services in the coming years.
The significance of environmental consulting has increased recently as more businesses realize the importance of following sustainable practices in their operations. Environmental consulting involves experts assisting businesses in becoming environmentally friendly and sustainable. Organizations adopt environmental consulting services to conduct environmental impact assessments, implement environmental management plans, and obtain clearances for new projects. The environmental impact assessment is crucial for development projects such as commercial buildings, including infrastructural, townships, and industrial projects. Environmental auditing helps evaluate remediation technology options for obtaining clearances from the government regarding the project. Environmental management plans include implementing, monitoring, and developing plants for occupational health and safety management systems analysis, audit, and hazard and operability studies.
Governments of various countries impose strict laws and policies to address environmental concerns, such as pollution, climate change, and resource management; as a result, companies are hiring environmental consultants to navigate the complex regulatory landscape. These governments are enacting a wide range of environmental regulations aimed at reducing pollution, conserving resources, and mitigating climate change. A few of these laws and regulations cover different areas such as air and water quality, waste management, carbon emissions, and biodiversity protection. For instance, in the US, environmental regulations such as the Clean Air Act, Clean Water Act, and National Environmental Policy Act (NEPA) require businesses to conduct environmental assessments and monitoring. The complexity of these regulations makes it difficult for businesses to stay compliant. Environmental consulting firms help businesses interpret and comply with these laws, ensuring they meet the required standards to avoid fines, legal action, and damage to their reputations. Consultants assist with permitting, environmental impact assessments, pollution control measures, and reporting requirements.
A few government-imposed laws are aimed at promoting resource efficiency, reducing waste, and enhancing sustainability in production processes. For example, the European Commission adopted a set of proposals to make the EU's climate, transport, energy, and taxation policies fit for reducing net greenhouse gas emissions by approximately 55% by 2030. Similarly, in November 2021, the Government of India announced its plan to achieve net zero emissions by 2070. Environmental consultants help industries meet these sustainability goals by conducting audits and advising on energy-saving technologies. Thus, a rise in government regulations and laws for environmental protection boosts the environmental consulting services market growth.
Clean energy is gaining traction as the energy source in various factories across the globe due to the rising prices of conventional energy for industrial use. Clean energy offers various advantages such as decreased operational costs and government support in terms of subsidies and tax incentives. Many organizations are increasingly utilizing clean energy to meet sustainability goals, including reducing carbon emissions and shifting to 100% renewable energy use. For instance, GreenStitch, a Bengaluru-based software as a solution (SaaS) provider working on sustainability in fashion and textiles, announced its plan to manage 1 billion metric ton of carbon by 2030. Environmental consulting services are essential for helping businesses develop and implement sustainability strategies that cater to these goals. Also, advancements in renewable energy technologies such as battery storage, smart grids, and offshore wind farms require specialized knowledge to assess their environmental impacts and integration potential. Environmental consultants with expertise in such technologies help companies sustainably implement these innovations. As renewable energy technologies continue to evolve, environmental consultants can provide specialized services in areas such as battery storage impact analysis, smart grid development, and offshore energy projects, which is opening new prospects for environmental consulting. Thus, the use of clean energy and advancements in renewable technologies is expected to create lucrative opportunities for the environmental consulting services market growth during the forecast period.
Key segments that contributed to the derivation of the environmental consulting service market analysis are service type, media type, and vertical.
The environmental consulting service market is segmented into five major regions: North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. North America dominated the market in 2023, followed by Europe and APAC.
The demand for environmental consulting services in North America is increasing owing to various factors, such as a combination of regulatory pressures, corporate sustainability goals, climate change initiatives, and public awareness of environmental issues. The introduction and enforcement of stringent environmental regulations in the US and Canada have increased the demand for environmental consulting services. Governments of various countries across the globe are implementing stricter policies related to emissions, waste management, and pollution control, compelling businesses to seek consultancy services to ensure compliance. For instance, the Resource Conservation and Recovery Act (RCRA) is the primary federal law governing hazardous and solid waste disposal in the US. The RCRA provides guidelines for the proper management of waste from generation to disposal. It also establishes requirements for waste storage, treatment, and disposal facilities. Various companies need environmental consultants to help them navigate complex regulations, conduct environmental impact assessments (EIAs), and develop pollution control strategies.
The regional trends and factors influencing the Environmental Consulting Service Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Environmental Consulting Service Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 43.04 Billion |
| Market Size by 2031 | US$ 77.35 Billion |
| Global CAGR (2023 - 2031) | 7.6% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Environmental Consulting Service Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Environmental Consulting Service Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The environmental consulting service market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the environmental consulting service market are listed below:
The "Environmental Consulting Service Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
The Global environmental consulting services market is expected to reach US$ 77.35 billion by 2031.
Technological advancements in environmental consulting services, which is anticipated to play a significant role in the Global environmental consulting services market in the coming years.
The incremental growth expected to be recorded for the Global environmental consulting services market during the forecast period is US$ 34.31 billion.
The Global environmental consulting services market was estimated to be US$ 43.04 billion in 2023 and is expected to grow at a CAGR of 7.6 % during the forecast period 2023 - 2030.
Rising awareness in industries regarding environmental impact and rise in government regulations and laws for environment protection are the major factors that propel the Global environmental consulting services market.
The key players holding majority shares in the Global environmental consulting services market are AECOM Inc, Jacobs Engineering Group Inc, WSP Global Inc, ERM Group Inc, and Tetra Tech Inc.