Environment Health & Safety Market to be Worth $77.04 Billion by 2030: Grand View Research, Inc.

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Mar 14, 2023, 12:00 ET

SAN FRANCISCO, March 14, 2023 /PRNewswire/ -- The global environment health & safety market size is anticipated to reach USD 77.04 billion by 2030 to expand at a CAGR of 6.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. The increase in stringent government regulations across various economies act as a major driver for EHS market. Moreover, energy and chemical sectors, where workers handle hazardous products, use environment health and safety (EHS) services and software to prevent workplace mishaps. These aforementioned factors will propel the demand for EHS in the coming years.

Key Industry Insights & Findings from the report:

The demand for environment health & safety (EHS) software product segment accounted for 3.6% of the global revenue share in 2022. The growth of environment health & safety (EHS) software segment can be primarily attributed to rising investments by organizations in automated environmental, health, and safety solutions to reduce the harmful impact of their operations on the environment and provide a safer working environment for employees.
The demand for cloud deployment mode segment accounted for a 27.6% share of the global revenue in 2022. The vast range of capabilities and essential features that cloud-based solutions offer are causing the adoption of these solutions to increase at a significant rate and this trend is anticipated to continue throughout the projection period.
The chemicals & petrochemicals end-use segment accounted for a 24.3% share of the global revenue in 2022. Rapid increase in the production of shale across the globe has led to an increased demand for petrochemicals and their derivatives. The chemical & petrochemical industry significantly releases contaminants in water bodies making them prone to emission norm violations. The effective use of environment health & safety (EHS) services and software can assist these industries in tracking and reporting their regulatory compliance and environmental impact.
North America accounted for 37.7% of the global revenue share in 2022. The high demand for environment health & safety (EHS) services in North America can also be attributed to the presence of a large number of oil and gas extraction industries in the region, which use environment health & safety (EHS) services to adhere to the regulations and ensure the health & safety of their employee.
In January 2021, AECOM formed a partnership with Conservation International and co-founded the Green-Gray Infrastructure Community of Practice (GGI COP). The GGI COP includes members from government, non-profit, private, and academic organizations in various sectors including engineering, conservation, construction, and finance.

Read 152 page market research report, "Environment Health & Safety Market Size, Share & Trends Analysis Report By Product (EHS Software), By Deployment Mode, By End-use (Chemicals & Petrochemicals), By Region, And Segment Forecasts, 2023 - 2030", published by Grand View Research.

Environment Health & Safety Market Growth & Trends

The implementation of environment health & safety (EHS) technology is expected to improve the overall safety of workers and assist the organizations to reduce their environmental impact. The environment health & safety (EHS) service providers assist the governments as well as industrial clients to improve their overall business management. Companies that have implemented a formal risk management system can identify the risks across all the operations. For instance, in November 2020, Intelex Technologies acquired ehsAI, a compliance automation technology provider that uses machine learning and artificial intelligence to help organizations reduce the risks and costs of permitting and compliance management. This acquisition has increased Intelex's compliance offerings and has further strengthened its EHSQ position.

The development of Big Data and the Internet of Things (IoT) is anticipated to augment the use of environment health & safety (EHS) technology. In addition, digital transformations such as inexpensive computing power, development of cost-effective sensors that can collect large volumes of information, and overall connectedness of systems and devices are anticipated to augment the growth of environment health & safety (EHS) technology over the forecast period.

Manufacturers of environment, health, and safety (EHS) market are looking for partnerships, mergers, and acquisitions to create cutting-edge and original solutions. Also, the manufacturers are implementing a number of methods, such as geographic growth and the development of new products, to increase their market penetration and serve end-use industries. For instance, AECOM and Conservation International collaborated to co-found the Green-Gray Infrastructure Community of Practice in January 2021. Members of the GGI COP come from academic, government, non-profit, and corporate organizations in a range of fields, including engineering, conservation, building, and finance.

Environment Health & Safety Market Segmentation

Grand View Research has segmented the global environment health & safety market report based on product, application, end-use, and region:

Environment Health & Safety Market - Product Outlook (Revenue, USD Billion, 2018 - 2030)

Software
Services

Analytics
Project Deployment & Implementation
Business Consulting & Advisory
Audit, Assessment, & Regulatory Compliance
Certification
Others

Environment Health & Safety Market - Deployment Mode Outlook (Revenue, USD Billion, 2018 - 2030)

Cloud
On-Premises

Environment Health & Safety Market - End-use Outlook (Revenue, USD Billion, 2018 - 2030)

Chemical & Petrochemical
Energy & Mining
Healthcare
Telecom & IT
Construction
Manufacturing
Others

Environment Health & Safety Market - Regional Outlook (Revenue, USD Billion, 2018 - 2030)

North America

U.S.
Canada
Mexico

Europe

Germany
U.K.
France
Italy
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

Central & South America

Brazil
Argentina

Middle East & Africa

South Africa
Saudi Arabia

List of Key Players of Environment Health & Safety market

AECOM
Jacobs
Intelex Technologies
Enablon
Tetra Tech, Inc
SAP SE
Golder Associates
SGS SA.
ERM Group, Inc
VelocityEHS
John Wood Group PLC
RPS Group
ETQ
Cority (Medgate)
Sphera

Check out more related studies published by Grand View Research:

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Browse through Grand View Research's Green Building Materials Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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