Global Environmental Health Safety Market Report and Forecast 2024-2032

Global Environmental Health Safety Market Outlook

The global market for environmental health safety (EHS) reached a value of about USD 28.46 billion in 2023. The industry is further expected to grow at a CAGR of about 8.90% in the forecast period of 2024-2032 to reach a value of around USD 61.31 billion by 2032.

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Asia Pacific to be Among the Significant Regional Markets for Environmental Health Safety

Singapore, Japan, India, China, and Australia are among the rising economies in the Asia Pacific region, with significant growth rates projected in the environmental health safety market. During the forecast period, it is expected to have the greatest growth rate. China's industrial expansion has been extraordinary, and it is now the world's manufacturing capital. The government is tightening EHS regulations and requirements. The Social Science Research Council (SSRC) started a China Environment and Health Initiative program, generating new research on the connection between health, environment, and development in China. Japan is estimated to witness a significant CAGR on account of the rapid industrial growth, combined with the presence of stringent regulations for environmental health and safety in the country. The growing demand from society for companies to guarantee a healthy environment is also driving the EHS services market in these countries.

North America also holds a prominent share in the global environmental health and safety (EHS) market. The United States and Canada have emerged to be the major contributors due to the earliest adoption of advanced technological solutions, coupled with their well-established economies, enabling investments in new technologies. Another major market growth determinant is organisations' increased focus on innovations derived from research and development and technological advancements. Another factor contributing to the market's growth is the presence of stringent but supportive rules and regulations.

Among Services, the Analytics Segment to Lead the Market Growth During the Forecast Period

The global environmental health safety market, based on services, is likely to be led by the analytics segment. Analytics services help organisations aggregate data from multiple resources and analyse it to increase profit margins. Once the data is uploaded into the EHS analytics system, organisations can view the data in a customisable dashboard, share it with other organisations, and import it into an excel sheet to build their reports. Primarily, EHS analytics services are cloud-based, and there is no need to connect these services to any external hardware. Contractors, suppliers, and other stakeholders can view and report their data with the help of analytics services.

Market Segmentations

Environment, health, and safety (EHS) is a department that ensures that an organisation's work follows best practices, adheres with applicable regulations, and does not harm the environment or endanger workers' health and safety. It attempts to avoid and reduce accidents caused by ergonomic hazards, carcinogen exposure, falls from heights, and heavy machinery, while also enhancing the company's productivity and profit.

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The various components in the market are segmented into:

• Services
  • Analytics
  • Project Deployment and Implementation
  • Business Consulting and Advisory
  • Audit Assessment and Regulatory Compliance
  • Certification
  • Training and Support
• Software
  • Health and Safety Management
  • Environmental and Sustainability Management
  • Waste Management
  • Energy and Water Management
  • Air Quality and Compliance Management
  • Incident and Risk Management
  • Industrial Hygiene Management

By deployment model, the market is divided into:

• Cloud
• On-Premises

The major applications of the market are:

• Medical and Pharmaceutical Waste Management
• Industrial Waste Management
• Wastewater Management
• Others

The end-uses of the market are as follows:

• Chemicals and Petrochemicals
• Energy and Mining
• Healthcare
• Telecom and IT
• Construction and Engineering
• Manufacturing
• Others

The regional markets for the environmental health safety market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

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Rising Public Awareness Regarding Environmental Issues Augmenting the Market Growth

Rising public awareness regarding environmental issues has resulted in the development of environmental protection laws, which are expected to drive market growth. The rise in stringent government regulations in various countries is likely to significantly augment the demand for environmental health and safety. The increased integration of technological megatrends, such as the Internet of Things (IoT), big data, data analytics, and mobility is anticipated to propel the demand. This, together with the growing employment of EHS in wastewater treatment plants owing to the rising number of laws for the discharge of wastewater containing zinc, lead, and mercury, is positively adding to the market growth. Besides this, small and medium-sized businesses' growing investments in EHS software are offering a positive market outlook. Rising expenditure on the deployment of EHS software for small and medium scale enterprises is another factor fostering the market growth.

Additionally, cloud-based environmental health and safety (EHS) solutions are rapidly gaining appeal across a wide range of end-users because of their scalability and flexibility. The requirement for worldwide testing and quality standards for chemical industry applications is leading to new prospects for the market for EHS solutions, thereby boosting the market growth.

Key Players in the Global Environmental Health Safety Market

The report gives a detailed analysis of the following key players in the global environmental health safety industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• AECOM 
• Intelex Technologies, ULC
• SAP SE
• VelocityEHS Holdings Inc.
• RPS Group
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report