Environmental Health And Safety Market Share, Market Size, Market Segment Analysis to 2025

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Environmental Health And Safety Market Share,
Market Size, Market Segment Analysis to 2025
The global environmental health and safety market is expected to reach USD 96.18 billion by 2025,
according to a new report by Grand View Research, Inc. The increasing number of regulations imposed
by environmental protection and governmental agencies worldwide is expected to be one of the major
factors driving demand during the forecast period.
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Economic slowdown in several parts of the globe has led to significant corporate restructuring, plant
closures, and mothballing. These business decisions are, however, made taking into consideration the
various environmental challenges posed by these decisions. There is an increasing need for minimizing
environmental liabilities and eliminating long-term risks.
These factors have led several agencies and governmental organizations to impose stringent compliance
requirements across industries, with regards to ecological conservation, and safety and health of
personnel. This trend is mainly being witnessed in the North American region, followed by Asia Pacific.
There are various safety hazards in core industries such as energy & mining, construction, etc., which
pose several challenges in the form of ecological contamination, injuries to personnel, and personnel
deaths. For instance, the oil & gas industry globally is faced with hazards such as explosions, fires,
vehicle accidents, and caught-in or caught-between accidents caused by moving equipment, highpressure lines, and falling equipment.
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As a result of the aforementioned factors, companies across core industries such as chemicals,
petrochemicals, energy & mining, construction, manufacturing, healthcare, and telecommunications are
being increasingly pressurized to comply with the various regulations put forth by governmental
agencies to ensure environmental and worker health and safety.
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Further key findings from the report suggest
The industrial application segment accounted for over 55% of the overall market revenue in 2015, owing
to the growing compliance requirements in key industries such as oil & gas, construction,
manufacturing, and chemicals
The demand for the service in energy & mining is expected to grow at a CAGR of over 8% from 2016 to
2025, owing to high regulatory compliance pertaining to work place safety in the industry
The U.S. is the largest market for EHS as of 2015, and is expected to continue its dominance through the
forecast period, projected to grow at a CAGR of over 8.5% from 2016 to 2025
The growth of the oil & gas industry in the country, along with the rapid recovery of the construction
and manufacturing industries, is expected to increase the demand for EHS solutions in the U.S. during
the forecast period
Key participants in the industry, such as HS&E Group, AECOM, EHS Data Ltd., and RPS Group are
focusing on satisfying stakeholder expectations, preservation on brand value, and efficient EHS
compliance, thereby moving towards centralized EHS management models
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The global environmental health and safety market is expected to reach USD 96.18 billion by 2025