Environment Health And Safety (EHS) Market Size 2024-2028
The environment health and safety (ehs) market size is forecast to increase by USD 3.94 billion at a CAGR of 9.68% between 2023 and 2028.
What will be the Size of the Environment Health And Safety (EHS) Market During the Forecast Period?
How is this Environment Health And Safety (EHS) Industry segmented and which is the largest segment?
The environment health and safety (ehs) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
- Deployment
- On-premises
- Cloud based
- End-user
- Energy and utilities
- Chemicals and materials
- Healthcare
- Construction and engineering
- Others
- Geography
- North America
- US
- APAC
- China
- India
- Europe
- Germany
- France
- South America
- Middle East and Africa
- North America
By Deployment Insights
- The on-premises segment is estimated to witness significant growth during the forecast period.
The Energy and Utilities sector is a significant consumer of Environment, Health, and Safety (EHS) software and services due to increasing investments in this industry and the growing emphasis on EHS compliance. Major EHS service providers, such as Cority Software Inc. And Intelex Technologies Inc., cater to this market segment. Notably, countries like India, the US, China, France, Spain, and Germany are making substantial investments In the Energy and Utilities sector. According to the International Energy Agency (IEA), global energy investments rose by 10% in 2021. China is a leading destination for smart grid solutions. EHS solutions enable organizations to manage and monitor operational parameters, emissions data, risk analysis, training management, and performance metrics to ensure compliance with stringent environmental protection laws and public concerns.
EHS software solutions also help manage chemical management, audit & inspection, corrective actions, ergonomics, air emission measurement, and energy consumption. Additionally, they provide emergency care training, oil & gas spill prevention, and wastewater treatment to ensure Zero Harm and Zero Incidents.
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The On-premises segment was valued at USD 3.61 billion in 2018 and showed a gradual increase during the forecast period.
Regional Analysis
- North America is estimated to contribute 34% to the growth of the global market during the forecast period.
Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The North American EHS market holds the largest market share due to stringent environmental protection laws and increasing public concerns for employee safety and health. In the US, the Occupational Safety and Health Administration (OSHA) and Environmental Protection Agency (EPA) enforce rigorous standards for workplace safety and environmental compliance. EHS service providers offer solutions in areas such as audit & inspection, management change, chemical management, performance metrics, risk analysis, training management, air emission measurement, ergonomics, corrective actions, and more. EHS software providers offer tools for tracking operational parameters, emissions data, energy consumption, and wastewater treatment. Industries like Energy & Utilities, Healthcare, Food & Beverage, Chemicals & Materials, Pharmaceutical, Mining, and others are major consumers of these services.
EHS consulting services also play a crucial role in ensuring compliance with environmental legislation and regulations. Companies invest in EHS solutions to mitigate risks, improve operational efficiency, and enhance their reputation as socially responsible organizations.
Market Dynamics
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
What are the key market drivers leading to the rise In the adoption of Environment Health And Safety (EHS) Industry?
Increase in government initiatives to strengthen EHS compliance is the key driver of the market.
What are the market trends shaping the Environment Health And Safety (EHS) Industry?
Shifting focus from detection to prevention of hazards is the upcoming market trend.
What challenges does the Environment Health And Safety (EHS) Industry face during its growth?
Need for high initial capital investments for EHS software is a key challenge affecting the industry growth.
Exclusive Customer Landscape
The environment health and safety (ehs) market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the environment health and safety (ehs) market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Key Companies & Market Insights
Companies are implementing various strategies, such as strategic alliances, environment health and safety (ehs) market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
AECOM - The company specializes in providing EHS Management Consulting services and software solutions for organizations seeking regulatory compliance and industry expertise. Their dedicated Management Consulting practice offers valuable insights and technical management, ensuring effective implementation of environmental, health, and safety protocols. The software component of their offering enhances operational efficiency and facilitates continuous regulatory compliance.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- AECOM
- AMEC EUROPE LTD.
- Benchmark Digital Partners LLC
- Cority Software Inc.
- Enhesa NV
- Fortive Corp.
- Hexagon AB
- International Business Machines Corp.
- Johnson Controls International Plc.
- ProcessMAP Corp.
- SAP SE
- SGS SA
- Sphera Solutions Inc.
- Tetra Tech Inc.
- Vector Solutions
- VelocityEHS Holdings Inc.
- Verisk Analytics Inc.
- W. R. Grace and Co.
- WSP Global Inc.
- Wolters Kluwer NV
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Research Analyst Overview
The Environment, Health, and Safety (EHS) market encompasses a broad range of services and solutions aimed at ensuring the wellbeing of employees and the protection of the natural environment. This market is driven by the increasing awareness of the importance of EHS management in various industries, particularly those with high operational risks and potential for environmental harm. EHS services play a crucial role in helping organizations manage their environmental impact and ensure compliance with regulations. These services include audit and inspection, management change, chemical management, performance metrics, risk analysis, training management, air emission measurement, ergonomics, corrective actions, and more.
EHS software providers offer solutions that enable organizations to streamline their EHS processes, collect and analyze data, and generate reports to demonstrate compliance with regulations and improve operational efficiency. These solutions often include modules for incident reporting, regulatory compliance, training tracking, and risk assessment. One area of focus withIn the EHS market is the management of industrial activities, which can pose significant risks to both employees and the environment. This includes oil and gas exploration and drilling, mining, and chemical processing. Strict standards and scrutiny from regulatory agencies and the public have led to increased demand for EHS services and solutions In these industries.
Another key area of concern is the impact of industrial activities on the natural environment. Wastewater treatment, energy consumption, and air emissions are just a few of the areas where organizations must take steps to minimize their environmental footprint. Sustainable development and the adoption of green technologies are becoming increasingly important considerations In the EHS market. The EHS market is also influenced by various factors, including financial pressure, government enforcement, and changing laws and regulations. Operational parameters such as workplace accidents, energy & utilities consumption, and healthcare organizations' performance metrics are closely monitored and reported on. EHS consulting services are an essential part of the market, providing expert advice and guidance to organizations looking to improve their EHS practices and ensure compliance with regulations.
Tech consulting and system integration services are also important, as organizations seek to implement and integrate EHS solutions into their existing systems. In conclusion, the EHS market is a dynamic and evolving landscape, driven by the need to protect employees and the environment while ensuring regulatory compliance and operational efficiency. The market is diverse, with a range of services and solutions catering to various industries and operational parameters. The focus on sustainability and green technologies is becoming increasingly important, as organizations seek to minimize their environmental impact and improve their EHS practices.
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Market Scope |
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Report Coverage |
Details |
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Page number |
178 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.68% |
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Market growth 2024-2028 |
USD 3935.7 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
8.6 |
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Key countries |
US, China, India, Germany, and France |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What are the Key Data Covered in this Environment Health And Safety (EHS) Market Research and Growth Report?
- CAGR of the Environment Health And Safety (EHS) industry during the forecast period
- Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
- Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
- Accurate predictions about upcoming growth and trends and changes in consumer behaviour
- Growth of the market across North America, APAC, Europe, South America, and Middle East and Africa
- Thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the environment health and safety (ehs) market growth of industry companies
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