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Global Markets for Environmental Remediation Technologies


News provided by

ReportBuyer

Apr 14, 2015, 12:33 ET

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LONDON, April 14, 2015 /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.

Highlights
- 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

INTRODUCTION

STUDY BACKGROUND
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.

STUDY GOALS AND OBJECTIVES
This study seeks to provide a broad perspective and understanding of the most important aspects of the global remediation technology market. Readers will gain a better understanding of the makeup of the global industry in terms of key factors driving and inhibiting market growth; regulatory schema; technological categories and trends in new technological development; patents; and various market dynamics—and how these all interact with one another. By providing this deep understanding of the market, the report aims to equip its intended audience with the requisite knowledge to better formulate public policy, business and competitive strategy, and/or research and developmental project goals. For private industry, established firms should gain a better understanding of where they may best maximize their current positions, while new firms seeking to enter the market should be able to better identify the points of entry that may afford them the greatest likelihood of success.

SCOPE OF REPORT
This report examines the global markets for technologies used in the remediation of environmental contamination. In the scope of this report, natural resources affected by
environmental contamination include surface water, groundwater and soils (to include soil vapors). Markets are examined in greater detail in later sections of the report that
discuss markets from a regional perspective and from the perspective of remediation technologies' applications to sites associated with certain industries.

The technologies considered to form the core market for remediation technologies are those that are included in the "Remediation Technologies" section of this report. Any
technologies that are not included in the aforementioned section are not included in the market quantification, unless otherwise specifically stated. Also not included within
the scope of this report or in the market size and growth estimates are technologies for cleaning/remediation of contaminated air and any technologies that are applicable
solely for treatment (such as wastewater treatment) and not for remediation; however, technologies that can be dually applied and have seen significant use for remediation
purposes are included.

Any services or equipment that do not directly support the furtherance of a site remediation project, or those that require only general knowledge such that most companies in the economy could provide them equally well have not been included in the market estimations. Direct equipment, materials, reagents, and sales and rentals of remediation technologies have been included, as well as the professional services required to assess a contaminated site; to develop a remediation plan for the specific
site; and to implement, install, or continuously operate the remediation equipment over a defined space and time. Included in total dollar figures for market estimates are
direct costs for design, fabrication, and assembly of remediation equipment; costs for materials and chemicals such as surfactants and cosolvents that are used in many
remediation methods (electrokinetic remediation, for example); and costs for on-site professional services in assessment and remediation project design and ongoing
monitoring of remediation projects.

Many of the technologies applied to remediation of contaminated sites are in fact technological systems or processes (many of which hold patents in various jurisdictions)
rather than a single piece of equipment. As such, when considering technological processes, the entire value of the process has been considered. It is also important to
note that a large number of remediation technologies use a significant portion of standard equipment such as off-the-shelf pumps or heavy construction equipment (for
excavation) that are then built into an overall system, package, or process specifically for site remediation that customers can apply to their project's specific needs.

A complicating factor in estimating the breakdown of market segments for environmental remediation technologies stems from the nature of the various liability laws in jurisdictions around the world. One fairly common practice in environmental remediation is for a governmental body to undertake and see to the complete remediation of a key contaminated site; and, while remediation is underway or once it has been completed, this governmental body will seek payment for the costs of remediation from the responsible party (if this party is still in existence—many times they are not). In instances where such a process has been used successfully, the value of the remediation equipment, services, materials and so forth are applied to that specific industry application.

In developing the market size and growth rate estimates, all regions and industries have been considered. However, this report seeks to provide particular insight into the
markets for remediation technologies in emerging economies. The goal of this specific focus is to provide readers with a comprehensive resource for 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. Moreover, there is already ample and readily accessible information about the markets and their structure in the
developed economies of the U.S., Canada, Western Europe and other countries/regions.

However, information on the markets in emerging economies can be more difficult to come by or to fully understand. Extra attention has been paid to markets in regions
including China and the broader Asia-Pacific region; Latin America and the Caribbean region (especially Argentina, Brazil, Chile, and Mexico); and the Middle East and Africa
region. Most of these regions, as will be discussed in further detail in this report, may see growth rates that outpace the global average during the next five years, providing
ready markets for expansion.
Download the full report: https://www.reportbuyer.com/product/2584389/

About Reportbuyer
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http://www.reportbuyer.com

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected] 
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

SOURCE ReportBuyer

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