The USA Is The Biggest Market For Environmental Consulting Services, Says TBRC?s
Posted by sainath on October 12th, 2018
TBRC’s report on the environmental consulting services market gives information on environment and water market research, and consulting services industry which includes establishments involved in providing advice, assistance, and action plans to organizations and governments to manage their environment. It includes prevention of environmental contamination, toxic substances, security consulting, waste management and pollution control.
Environmental Consulting Market Size
The global environmental consulting services market grew at a compound annual growth rate (CAGR) of 3%. This growth can be attributed to factors such as increased government regulation, rise in public concern about environmental degradation, rise in shale oil and gas production, and other similar factors mentioned in the report. This market is expected to grow at the same CAGR by 2021.
The USA’s environmental consulting industry was the largest market in the world with almost 45.0% of the market. The USA has a large manufacturing base and urban population, which increase the demand for water and waste management consulting services. Industries such as oil and gas, transportation and automobile are governed by stringent regulations which further contribute to the US’s market size.
Publicly owned treatment works (POTWs) and other point source discharges play an important role in treating sewage water. As of January 1, 2012, 14,478 POTWs were serving 238.2 million people throughout the USA. The US government invested more than USD 2.2 trillion over the previous 60 years on their maintenance and operations.
One of the major issues concerning waste water management is the constant need to upgrade the wastewater treatment plants, as the machinery tends to deteriorate over time. Also, metro areas like Seattle and Portland have spent billions of dollars to control the problem of combined sewer overflows (CSO’s), which occur because the volume of wastewater can sometimes exceed the capacity of the treatment plant, which leads to disposal of untreated wastewater directly to water bodies.
The Toxic Substances Control Act (TSCA) administered by the United States Environmental Protection Agency regulates the introduction of new or already existing chemicals. The TSCA mandates that chemical companies record and report testing data before actual production of chemicals. This act aims to control the introduction of toxic substances that cause environmental pollution by screening the submissions by chemical manufacturing companies.
TBRC’s report also covers environmental consulting trends in the market.
Companies included in the report are AECOM, Amec Foster Wheeler PLC, Tetra Tech, Environmental Resources Management Limited and Arcadis AECOM.
About The Business Research Company.
The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Like it? Share it!
About the Authorsainath
Joined: June 13th, 2018
Articles Posted: 1,123
More by this author