Market Outlook
According to the report by Expert Market Research (EMR), the global environmental health safety market size is projected to grow at a CAGR of 8.90% between 2024 and 2032. Aided by the increasing emphasis on sustainable practices and stringent environmental regulations, the market is expected to grow significantly by 2032.
EHS encompasses policies, standards, and practices aimed at ensuring workplace safety, environmental protection, and health risk management. This field is critical in minimising the ecological footprint of industrial processes and safeguarding employees’ health and safety. EHS has become a pivotal aspect of organisational governance, necessitating companies to adhere to various environmental and occupational safety regulations.
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The environmental health safety market growth is primarily driven by the increasing global focus on environmental preservation, workplace safety, and sustainable development. In response to growing environmental concerns, governments worldwide are implementing stricter regulations and guidelines, compelling companies to invest in EHS measures.
Another significant factor is the rising awareness and concern for employee health and safety, particularly in industries such as manufacturing, construction, and chemicals. This concern is not only ethical but also economic, as safe work environments enhance productivity and reduce costs related to accidents and occupational diseases.
Technological advancements, including the integration of artificial intelligence and IoT in EHS systems, are further propelling the environmental health safety market demand. These technologies enable real-time monitoring and data analysis for better risk assessment and compliance management.
Regionally, North America and Europe are leading the EHS market, attributed to their stringent regulatory frameworks and high standards for environmental and occupational safety. However, the Asia-Pacific region is expected to experience significant growth due to industrial expansion and evolving regulations in countries like China, India, and Japan.
The environmental health safety market outlook is being influenced by the integration of advanced technologies like AI, Big Data, and cloud computing. These technologies are expected to enhance the efficiency and effectiveness of EHS systems. Additionally, the rising trend of sustainable and green practices in corporate governance is likely to offer new opportunities for growth in the EHS sector.
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Market Segmentation
The market can be divided based on component, deployment mode, application, end-use, and region.
Market Breakup by Component
- 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
Market Breakup by Deployment Mode
- Cloud
- On-Premises
Market Breakup by Application
- Medical and Pharmaceutical Waste Management
- Industrial Waste Management
- Wastewater Management
- Others
Market Breakup by End-use
- Chemicals and Petrochemicals
- Energy and Mining
- Healthcare
- Telecom and IT
- Construction and Engineering
- Manufacturing
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global environmental health safety market. Some of the major players explored in the report by Expert Market Research are as follows:
- AECOM
- Intelex Technologies, ULC
- SAP SE
- VelocityEHS Holdings Inc.
- RPS Group
- Others
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