Environmental Consulting Service Market Analysis and Forecast by Size, Share, Growth, Trends 2031

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 Consulting Service Market Analysis

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.

Environmental Consulting Service Market Overview

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.

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Environmental Consulting Service Market: Strategic Insights

Environmental Consulting Service Market

• 
  CAGR (2023 - 2031)

  7.6%
• Market Size 2023
  US$ 43.04 Billion
• Market Size 2031
  US$ 77.35 Billion

Market Dynamics

GROWTH DRIVERS

• Rising Awareness in Industries Regarding Environmental Impact
• Rise in Government Regulations and Laws for Environment Protection

FUTURE TRENDS

• Technological Advancements in Environmental Consulting Services

OPPORTUNITIES

• Use of Clean Energy and Advancements in Renewable Technologies
• Rise in Global Pollution Level

Key Players

• AECOM Inc
• Jacobs Engineering Group Inc
• Arcadis N V
• Bechtel Corporation
• WSP Global Inc
• ERM Group Inc
• Tetra Tech Inc
• ANTEA GROUP
• Stantec Inc
• Ramboll Group

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Type

• Investment Assessment and Auditing
• Permitting and Compliance
• Project and Information Management
• Monitoring and Testing

Media Type

• Water Management
• Waste Management

Vertical

• Energy and Utilities
• Chemical and Petroleum
• Manufacturing and Process Industries
• Transportation and Construction Industries

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Environmental Consulting Service Market Drivers and Opportunities

Rise in Government Regulations and Laws for Environment Protection

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.

Use of Clean Energy and Advancements in Renewable Technologies

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.

Environmental Consulting Service Market Report Segmentation Analysis

Key segments that contributed to the derivation of the environmental consulting service market analysis are service type, media type, and vertical.

• Based on service type, the environmental consulting services market is segmented into investment assessment and auditing, permitting and compliance, project and information management, monitoring and testing, and others. The investment assessment and auditing segment held the largest share of the market in 2023.
• In terms of media type, the environmental consulting services market is categorized into water management, waste management, and others. The water management segment dominated the market in 2023.
• Based on vertical, the environmental consulting services market is segmented into energy and utilities, chemical and petroleum, manufacturing and process industries, transportation and construction industries, and others. The energy and utilities segment held the largest share of the environmental consulting services market in 2023.

Environmental Consulting Service Market Share Analysis by Geography

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.

Environmental Consulting Service Market Report Scope

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Environmental Consulting Service Market News and Recent Developments

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:

• Arcadis had been selected to provide engineering services for Amsterdam’s Zuidasdok program, one of the largest infrastructure projects in the Netherlands. The newly awarded contract encompasses a range of services and will see Arcadis providing multidisciplinary expertise in fields including civil engineering, architecture, electrical engineering, mechanical engineering, building services, permitting, environmental management, and rail infrastructure. (Source: Arcadis, Press Release, September 2024)
• AECOM announced that it had been selected by the National Aeronautics and Space Administration (NASA) to provide environmental restoration and compliance services at facilities across the United States as part of the NASA Environmental Restoration and Compliance Contract (NERCC). Under a five-year contract, AECOM will provide support for environmental restoration activities, including environmental sampling; investigations of potential environmental contaminants; human, health, and ecological risk assessments; and remediation activities. (Source: AECOM, Press Release, April 2024)

Environmental Consulting Service Market Report Coverage and Deliverables

The "Environmental Consulting Service Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:

• Environmental consulting service market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Environmental consulting service market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST and SWOT analysis
• Environmental consulting service market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the environmental consulting service market
• Detailed company profiles