Global EHS Market – Industry Trends

Posted by Suraj on July 29th, 2019

Environmental Health and Safety (EHS) refers to a department in an organization which is solely engaged in activities related to health and safety. The EHS looks after all the undue causes which can affect the environment and risk workers life. The EHS follows all the best practices in order to eliminate the probability of occurring accidents. Rise in accidents at many places and sites such as at mining, oil and gas and chemical plants is a reason for rising demand of  environmental health and safety market.

Market Analysis: Global EHS Market

Global EHS market is estimated to register a substantial CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the rise in investments by end-users, stringent government regulations and guidelines and increase in number of accidents such as at mining, oil and gas and chemical plants and many more.

Top Market Competitors:

Few of the major competitors currently working in the global EHS market are SAP SE, Enablon, EtQ LLC, Intelex, Gensuite, Enviance, Verisk 3E, VelocityEHS, Optial UK Ltd, Sphera, SiteHawk LLC, IBM Corporation, ProcessMAP, Tetra Tech, Inc, Golder Associates, Edwards health care services, AECOM, Cority, Intelex Technologies, UL LLC and others

Segmentation: Global EHS Market

•          Global EHS Market By Component (Solution, Service)
•          Verticals (Energy & Utilities, Chemicals & Materials, Healthcare, Construction & Engineering, Chemicals & Material, Food & Beverage, Government & Defense, Others)
•          Application (Wastewater Management, Medical & Pharmaceutical Waste Management, Industrial Waste Management)
•          Geography (North America, South America, Europe, Asia-Pacific and Middle East & Africa)

Market Drivers:

•          Increase in number of accidents such as mining, oil and gas and chemical plants would enhance the market growth
•          Stringent government regulations and guidelines can act as a catalyst for the market growth
•          Rise in investments by end-users may boost the growth of this market
•          Increase in awareness among organizations and employees regarding EHS can expand the market growth

Market Restraints:

•          Lack of appropriate actions and standards might act as a hindrance to the market growth
•          Poor implementation of regulations could shrink the market growth
•          Complexity in auditing services acting as a threat for this market

 Competitive Analysis

Global EHS market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of EHS market for Global, Europe, North America, Asia Pacific, South America and Middle East and Africa

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