NEW YORK, Jan. 23, 2017 /PRNewswire/ --
The environmental consulting services industry comprises establishments engaged 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.
The USA was the largest country in the environmental consulting services market in 2016, accounting for about $6 billion or 20% of the global market. China was the second largest market, accounting for about $5 billion or 17% of the global market. India was the third largest market, accounting for about $1 billion or 4% of the global market. Japan accounted for about 4% and $1 billion, while Spain accounted for 1% of the global environmental consulting services market.
The environmental consulting services market is witnessing a significant advancement in technology. Such technologies are enabling businesses and households to effectively reduce their carbon footprint. For instance, Bloom Energy developed the fuel cell system technology that has the capacity to produce electricity without burning fossil fuel, thereby reducing emission of greenhouse gases. The company successfully installed the technology for Morgan Stanley's 750 thousand square feet New York office and a 6 acre solar panel field, both installations expected to produce more than 3 million kilowatt hours (kWh) of energy per annum. Projects of this kind provide attractive opportunities for the services of environmental consulting firms.
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