[192 Pages Report] The Environment, Health & Safety Market size was estimated at USD 7.33 billion in 2023 and expected to reach USD 7.84 billion in 2024, at a CAGR 7.15% to reach USD 11.89 billion by 2030.
The environmental, health & safety (EHS) market encompasses the solutions, software, services, and practices that organizations implement to reduce the environmental impact of their operations, protect the health & safety of their employees, and adhere to government regulations. It focuses on preventing harm to the environment, the public, and workers in the workplace. Increasingly stringent government regulations globally demand that businesses adhere to environmental protection standards, workplace safety regulations, and health compliance. Heightened public awareness regarding environmental issues and worker’s rights has led companies to adopt EHS practices to comply with laws and meet societal expectations, and improve their corporate image. Growing investments in construction activities and expansion of mining operations accentuate the need for environment, health & safety solutions. Integrating EHS solutions with other business systems, such as HR and operations, can be complex, posing challenges in achieving a seamless operation. The vast amount of data generated from EHS activities can be challenging to manage, raising concerns about data privacy and security. Key players are exploring the usage of big data analytics and advanced encryption algorithms to improve the privacy features of EHS systems and solutions. The continuous evolution of technology, such as artificial intelligence (AI), machine learning (ML) and Internet of Things (IoT), presents an opportunity to enhance EHS practices. These technologies can help in predictive analysis, real-time monitoring, and more informed decision-making.
Component: Expanding need for the environment, health, and safety services to cater to regulatory compliance requirements
Services in the EHS domain pertain to the range of consultancy, support, and management activities provided by external entities or in-house teams to ensure compliance with environmental, health & safety regulations. Audit, assessment, & regulatory compliance service involves a thorough examination and evaluation of an organization’s adherence to environmental, health & safety regulations. Audits and assessments help identify areas where the organization may be at risk of non-compliance with laws and regulations, ensuring they operate legally and safely. Regulatory compliance ensures that companies are aware of and follow current laws and regulations relevant to their industry, minimizing legal risks and promoting a safe working environment. Business consultancy & advisory services offer expert advice to organizations on ways to improve their environmental, health & safety practices. Certification services involve evaluating a company’s environmental, health & safety management systems against established standards and providing a certification if those standards are met. This certification demonstrates to stakeholders, including customers, employees, and regulatory bodies, that the company is committed to maintaining high standards of environmental stewardship, safety, and health management. Data analytics services involve the collection, processing, and analysis of environmental, health, and safety data. This can help organizations identify trends, predict potential risks, and make informed decisions about methods to improve their practices. Project deployment & implementation service assists organizations in the planning, execution, and monitoring of environmental, health & safety projects. The focus is on ensuring projects are completed efficiently, on time, within budget, and achieve the desired impact on improving environmental, health & safety outcomes. Training and support services are crucial for educating employees about their roles and responsibilities related to environmenta, health & safety. Solutions refer to the combination of software tools, technologies, and systems implemented to manage and control EHS risks effectively. These solutions enable organizations to automate, monitor, and analyze EHS-related data for better decision-making and compliance management.
Deployment Type: Increasing cloud-based deployment of EHS solutions due to its flexibility, scalability, and ease of implementation
On-cloud, or cloud-based, refers to EHS solutions hosted on the service provider’s servers. Users can access services via the Internet, ensuring that the system is available anywhere and anytime, provided Internet connectivity exists. This deployment type is characterized by its flexibility, scalability, and ease of implementation, as it requires no special hardware or extensive setup processes. The service provider handles maintenance and updates, reducing the organization’s IT burden. Significant benefits include lower upfront costs, as there is no need for physical infrastructure investments, and the ability to scale the service according to the organization’s needs easily. On-premise deployment refers to EHS solutions installed and run on computers on the organization’s premises using software other than at a remote facility. This setup gives businesses full control over their EHS systems and data within their IT infrastructure. Organizations opting for on-premise deployment must handle the system’s initial setup, ongoing maintenance, updates, and security. This model is chosen for its enhanced control over data and tighter security, as sensitive information does not have to be transmitted over the Internet.
Application: Incorporation of EHS for facilitating occupational health & industrial hygiene and safeguarding personnel health
Environmental monitoring & control focuses on monitoring and managing environmental factors, including air quality, water quality, and soil conditions. It involves the collection of environmental data through sensors and other devices to ensure compliance with regulations and to protect ecosystems. EHS solutions are crucial for tracking pollutants and ensuring that industrial activities do not adversely affect the environment. Health and safety applications are designed to protect individuals from hazards that can cause illnesses or injuries in the workplace or public spaces. These solutions involve risk assessments, emergency preparedness, and the implementation of safety protocols to mitigate risks. EHS solutions are integral in designing and enforcing safety standards and practices across various sectors. Industrial operational risk management involves identifying, assessing, and controlling risks associated with industrial operations. It focuses on minimizing the potential for accidents, equipment failures, and unplanned events that could have negative consequences for both people and the environment. EHS solutions play a critical role in operational risk management by providing frameworks and tools for continuous risk assessment and mitigation. Occupational health and industrial hygiene focus on managing health risks in the workplace. This includes the assessment and control of physical, chemical, biological, and ergonomic hazards that could affect the health and well-being of employees. EHS solutions are essential for monitoring workplace conditions, conducting health risk assessments, and ensuring that occupational health standards are met. Water & wastewater management applications deal with the treatment and handling of water and wastewater to prevent pollution and protect water resources. EHS solutions are used to ensure that water treatment processes are efficient, comply with environmental regulations, and do not pose risks to public health or the environment.
Vertical: Evolving utilization of environment, health, and safety (EHS) services and solutions across the chemicals & materials sector
The automotive industry emphasizes reducing environmental pollution through advancements, including electric vehicles, and enhancing the manufacturing process and end-user safety. The production and distribution of chemicals necessitate stringent management of hazardous materials and the promotion of sustainable materials to safeguard against environmental and health risks. Construction and engineering fields prioritize worker safety and environmental preservation by adhering to strict regulations, utilizing eco-friendly materials, and implementing green building techniques. The energy and utilities sector is focusing on mitigating the environmental effects of energy production by adopting renewable sources and enhancing safety measures around utility infrastructure. The food & beverages industry is committed to sustainable farming, hygienic production processes, and reducing packaging waste to address food safety, worker health, and environmental concerns. Government and defense operations ensure public and personnel safety, environmental conservation, and effective disaster response planning. The healthcare and pharmaceutical sector adheres to stringent regulations for drug safety, infection control, and biohazardous waste management. The IT and telecom industry emphasizes reducing electronic waste and creating ergonomic, user-friendly tech products.
Regional Insights
The Americas region, particularly the U.S. and Canada, represents a mature landscape for the EHS sector, driven by stringent regulatory frameworks and high awareness levels regarding occupational health and safety. In the U.S., the Occupational Safety and Health Administration (OSHA) plays a pivotal role in setting and enforcing standards. Consumer need in these regions centers around compliance management software, training, and consultation services. The region has experienced significant investments in integrating advanced technologies such as AI/ML and smart systems into EHS solutions. The presence of major construction and technology companies and the emphasis on corporate responsibility have accentuated the deployment of EHS in the Americas region. The European Union shows a sophisticated approach to EHS, rooted in comprehensive directives such as Registration, Evaluation, Authorisation, and Restriction of Chemicals (REACH) and the European Framework Directive on Safety and Health at Work. The EU is a frontrunner in adopting green practices, emphasizing circular economy principles and sustainable product design. Consumer behavior in the EU is largely influenced by environmental consciousness and the demand for transparency and sustainability in product sourcing. APAC presents a rapidly evolving region for EHS, driven by rapid industrialization and expanding manufacturing sectors. In China, recent environmental policies and the ’Made in China 2025’ initiative underline the country’s commitment to green manufacturing. Japan, known for its technological prowess, incorporates advanced EHS technologies, including AI and IoT, for hazard prediction and prevention.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Environment, Health & Safety Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Environment, Health & Safety Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Environment, Health & Safety Market, highlighting leading vendors and their innovative profiles. These include 3E Company Environmental, Ecological and Engineering, LLC, Arcadis N.V., Bastion Technologies, Inc., Benchmark Digital Partners LLC, Citadel Environmental Services, Inc., ComplianceQuest, Cority, Dakota Software Corporation, EcoOnline AS, Enhesa NV, Environmental Systems Research Institute, Inc., Hexagon AB, Ideagen PLC, Intelex Technologies ULC by Industrial Scientific Corporation, International Business Machines Corporation, Intertek Group PLC, IsoMetrix Group of Companies, Lisam Systems SA, Montrose Environmental Group, Inc., SAI360 Inc., SAP SE, SGS SA, SHE Management (UK) Ltd, Sphera Solutions, Inc., Strategix Group, TrueContext Corporation, UL LLC, VelocityEHS Holdings Inc., and Wolters Kluwer N.V..
Market Segmentation & Coverage
This research report categorizes the Environment, Health & Safety Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Component
- Services
- Audit, Assessment, & Regulatory Compliance
- Business Consultancy & Advisory
- Certification
- Data Analytics
- Project Deployment & Implementation
- Training & Support
- Solution
- Services
- Deployment Type
- On-Cloud
- On-Premise
- Application
- Environmental Monitoring & Control
- Health & Safety Applications
- Industrial Operational Risk Management
- Occupational Health & Industrial Hygiene
- Water & Wastewater Management
- Vertical
- Automotive
- Chemicals & Materials
- Construction & Engineering
- Energy & Utilities
- Food & Beverages
- Government & Defense
- Healthcare & Pharmaceutical
- IT & Telecom
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Environment, Health & Safety Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Environment, Health & Safety Market?
- What are the technology trends and regulatory frameworks in the Environment, Health & Safety Market?
- What is the market share of the leading vendors in the Environment, Health & Safety Market?
- Which modes and strategic moves are suitable for entering the Environment, Health & Safety Market?
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