With increasing awareness about the environment, companies have set up separate departments and standard protocols complying with health, safety, and environmental regulations. Corporations have been taking initiatives and investing in health and safety to enhance their performance. With advancements in data management and analytics, it has become easier to analyze the data and set standard procedures and operations, further aiding in the effective implementation of environmental, health, and safety programs. Government and private initiatives and funding are directed toward the development of sustainable and holistic programs to integrate individuals’ and organizations’ environmental, health, and safety concerns, which is a major driving factor for the EHS market. Significant growth in the EHS market will be seen with stringent guidelines and regulations by government and regulatory authorities in both developed and developing countries.
The report titled “Environmental Health and Safety (EHS) Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025” offers strategic insights into the overall environmental health and safety (EHS) market, along with the market’s size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of multiple market segments based on types of components, end users, and different geographies. The component types studied for analyzing the overall global environmental health and safety (EHS) market are majorly segmented into software and services. The software market is further sub-segmented into data analytics, cost management, quality and risk assessment, energy and carbon management, environmental compliance, and others. Services are further sub-segmented into analytics, implementation, training, consulting, auditing, certification, and project management.
Geographically, the global environmental health and safety (EHS) market is studied for the following regional markets:
- Rest of Europe
- Rest of Asia Pacific
- Rest of LATAM
Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East and Africa
The market size and forecast for these regional and country-level markets are presented in this study for the period 2015–2025. Market growth rates for the forecast period 2017–2025 are also included in this report, considering 2016 as the base year.
Along with quantitative information, qualitative information sets and assessment tools are provided in this study for a better analysis of the overall market scenario and future prospects. Information such as market inclination insights and drivers, challenges, and opportunities assists the readers in understanding the ongoing trends in the global environmental health and safety (EHS) market.
Tools such as market positioning of key players and attractive investment propositions provide the reader with insights into the competitive scenario of the global environmental health and safety (EHS) market. This report concludes with a company profiles section that highlights major information about the key players engaged in the global environmental health and safety (EHS) market. In-depth competitive environment analysis and historical (2015) market size data are also provided in the report.
Based on the type of end-user, the global environmental health and safety market is segmented as follows:
- Chemical and petrochemical
- Energy & Mining
- Others (Retail, Government and Public Sector, Telecommunications and Information Technology, Education, Marine & Aerospace & Defense, Transportation, Agriculture)
With increasing awareness and mishaps or accidents taking place, EHS is playing an important role in the deployment of safety standards and the protection of employees, the public, and the environment. Furthermore, stringent government regulations have made it mandatory for industries such as mining and energy, construction, chemical, and petrochemical to abide by statutes and legal requirements to maintain EHS safety. In 2016, the energy and mining segments occupied a significant share of the overall global EHS market, thus dominating it.
The key drivers of growth are massive investments in oil and gas, petrochemicals, and construction, as well as stringent regulations imposed on these industries by the government and international regulatory authorities to ensure the safety of employees and the environment. Because of progressing industrial growth, developing countries such as India, China, South Africa, and the UAE are increasing their use of EHS management for environmental and human safety. The boom in telecommunications in emerging economies has also led to the growth of the EHS market in these economies.
Based on the type of components, the global environmental health and safety (EHS) market are segmented as follows:
- Data Analytics
- Environmental Compliance
- Quality and Risk Assessment
- Cost Management
- Energy and Carbon Management
- Project Management
In 2016, in the overall environmental health and safety market, the services segment held the largest share, thus dominating the market. Among the services considered, the auditing service has the largest market share because auditing EHS compliance requires significant capital investment and generates significant revenue. Auditing services are also anticipated to be the fastest-growing segment. With the advent of technology and an increasing rate of adoption of novel software, and demand for an analytical tool for monitoring health and safety issues, the rapid growth of the EHS software segment is expected in the forecast period.
For the purpose of this study, the environmental health and safety (EHS) market is geographically categorized into:
- North America
- Asia Pacific
- Latin America (LATAM)
- Middle East and Africa (MEA)
At present, North America and Europe dominate the environmental health and safety (EHS) market. In the regional market, the U.S. occupies the largest share and will continue to dominate throughout the forecast period of 2017–2025, thus increasing the demand for EHS services and software. In industrialized economies such as North America and Europe, stringent implementation of EHS is observed with respect to major end-user industries such as energy and mining, chemical and petrochemical manufacturing, construction, etc.
Thus, rising awareness about the environment and government-strengthened regulation with respect to environmental laws are the driving factors for the growth of the environmental health and safety (EHS) market. Asia-Pacific is anticipated to be the fastest-growing market in the forecast period. In emerging economies such as China, India, the UAE, and South Africa, due to continuous industrial development, there is awareness with respect to the environment, thus encouraging the adoption of EHS regulations due to the fast development of the energy and mining, construction, transportation, and manufacturing industries.