The global environment health and safety (EHS) market is projected to grow from USD 7.8 billion in 2024 to USD 15.8 billion by 2034, driven by a moderate CAGR of 7.3% over the next decade. This growth is fueled by the implementation of stricter environmental and safety regulations worldwide, increasing the demand for EHS solutions to ensure compliance.
As penalties for non-compliance become more severe, companies are motivated to invest in optimized EHS management systems. Additionally, businesses are adopting EHS solutions to improve their records, enhancing consumer trust and strengthening their brand image, which offers a competitive edge. Moreover, EHS considerations are increasingly being integrated into supply chains, boosting demand for responsible practices throughout the value chain.
Key Takeaways from the Environment Health and Safety Market Report
- The environment health and safety market attained a value share of US$ 7.2 billion in 2023. In the historical period, the market attained a growth rate of 9%.
- The United States and China are the top consumers of environmental health and safety solutions, contributing to sales worth US$ 2.8 billion and US$ 2.6 billion, respectively, by 2034.
- In Europe, the United Kingdom appears to be a robust market, growing at a healthy pace of 8.3%.
- In the global market, South Korea is anticipated to experience a notable growth of 9.1% over the forecast period.
- Penetration of environment health and safety software is projected to record a CAGR of 7.1% through 2034.
- The cloud segment is anticipated to register a CAGR of 6.8% over the forecast period.
Competitive Insights into the Environment Health and Safety Industry
Key players in the market are investing in research and development activities to come up with an extended product portfolio. Additionally, players are extending their footprint by acquiring smaller companies, collaborating with other organizations, and raising their investments. Industry participants are introducing their EHS software and services in an affordable price range to survive market competition.
A key business strategy adopted by leading players to increase their market share is local manufacturing to lower operating costs. Prominent players that have been increasing their efforts to raise market demand include Cority, Gensuite, and others.
Notable Environment Health and Safety Companies
- 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
- Others
Environment Health and Safety Market by Category
By Product:
- Software
- Services
- Analytics
- Project Deployment and Implementation
- Business Consulting and Advisory
- Audit, Assessment, and Regulatory Compliance
- Certification
- Others
By Deployment Mode:
- Cloud
- On-Premises
By End Use:
- Chemical and Petrochemical
- Energy and Mining
- Healthcare
- Telecom and IT
- Construction
- General Manufacturing
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- The Middle East and Africa
Report Preview: https://www.futuremarketinsights.com/reports/environment-health-and-safety-market
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