NEW YORK, Dec. 31, 2014 /PRNewswire/ -- This BCC Research study provides a broad perspective on the most important aspects of the global remediation technology market. Key factors driving and inhibiting market growth, regulatory schema, technological categories and trends in new technological development, and patents are included. Forecasts are given from 2014 to 2019.
Use this report to:
- Learn about the general types of contaminants that remediation technologies are used to remove, as well as the data requirements needed to develop and implement an effective remediation plan.
- Examine the global markets for technologies used in the remediation of environmental contamination.
- Receive an overview of the global industry's landscape and structure with most important factors that are currently working to either drive or inhibit growth in the market.
- Identify remediation technology companies based in developed economies such as North America, Western Europe, or Australia that seek to expand their client portfolios
regionally through export, licensing, or some other transfer of technology or expertise.
- The global market for environmental remediation technologies was valued at roughly $59.5 billion in 2013. The total market is expected to expand from nearly $61.7 billion in 2014 to $80.5 billion in 2019, with a compound annual growth rate (CAGR) of 5.5% from 2014 through 2019.
- China is expected to more than double their total market share from 4.7% in 2014 to 10.8% in 2019, reflecting a percentage change of 132.3% over the five year period.
- The Latin America and Caribbean region could see stronger growth than average as it expands its global market share by 5.0%, from 7.4% in 2014 to 7.8% in 2019.
Introduction & Scope
Various estimates place the global cost of potential liabilities for owners of environmentally contaminated sites in the trillions of dollars. These potential liabilities have arisen as a result of contamination of the world's soil and water with chemicals, metals, and other compounds with effects that can range from an offensive odor to a carcinogenic or lethal outcome. Much of the contamination encountered is historical contamination, originating years or even decades in the past, many times with the original source or cause of contamination unknown or not fully known. Other contamination may continue to arise as a result of current activities with consequences
that are not yet fully understood or, occasionally, as a consequence of irresponsible actions.
Although the global industry for remediation technologies has come into being just over the past several decades, it has been quite successful in cleaning many contaminated sites in the most developed economies of North America, Western Europe, Japan and Australia. However, despite the progress that has been made in cleaning contaminated sites in these regions and countries, there remains significant work to be done. When considering the emerging economies of the world, it is clear that there exist equally large—if not greater—future potential liabilities stemming from contaminated sites, as many of these sites have yet to be cleaned. A critical component of building and growing economies around the world is the cleaning of contaminated sites, which not only serves to preserve and protect human health, but also allows the development of sites that were previously ignored due to contamination.
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