Environmental Health and Safety Market Size, Share, Trends, Growth and Forecast 2032

Environmental Health and Safety (EHS) Market: Industry Perspective

The global Environmental Health and Safety Market size was worth around USD 8.75 Billion in 2023 and is predicted to grow to around USD 16.41 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 7.24% between 2024 and 2032.

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Environmental Health and Safety (EHS) Market Overview

Environmental health and safety is an organization’s department that aims to reduce accidents, emergencies, and health problems at work and environmental damage resulting from work practices. EHS ensures that the tasks undertaken by the organization does not create any inappropriate environmental damage, put the employees’ safety at risk, assembles applicable legislation, and follows good practices. EHS department takes a systematic approach to prevent injuries and accidents.

Increasing public concerns in terms of environmental issues in recent years have led to the development of environmental protection laws, which are anticipated to drive market expansion. Companies in the U.S., Canada, the UK, and Australia need to follow strict wastewater treatment and industrial waste disposal norms and regulations, such as the National Pollutant Release Inventory (NPRI) in Canada, the Toxics Release Inventory (TRI) in the U.S., and the National Pollutant Inventory (NPI) in Australia. The establishment of these stringent norms is anticipated to propel industry growth during the projection period. Chemical, automotive, mechanical engineering, and electrical are key industries in Germany.

Global Environmental Health and Safety (EHS) Market: Growth Factors

The increase in the number of regulations by government agencies and environmental protection globally is the primary factor likely to drive the environmental health and safety market. Additionally, the rising awareness of environmental health and safety among organizations and employees is further anticipated to contribute toward this market. However, the high installation cost of environmental compliance software and the lower adoption of EHS tools by small businesses might hamper this market. Nonetheless, emerging economies have accepted the international standards that are likely to create more market opportunities.

The report provides a transparent outlook of the environmental health and safety market. We have included a detailed competitive scenario and portfolio of leading vendors operative in environmental health and safety market. To understand the competitive landscape in the environmental health and safety market, an analysis of Porter’s Five Forces model for the environmental health and safety market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their general attractiveness, market size, and their growth rate.

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The report provides company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, and product and regional expansion of major participants involved in the market on a regional basis

Global Environmental Health and Safety (EHS) Market: Segmentation

The study provides a crucial view of the environmental health and safety market by segmenting the market based on component, application, end-user, and region. All the component, application, end-user, and regional segments of the environmental health and safety market have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

By component, the environmental health and safety market is bifurcated into solutions and services. The service segment is likely to register the highest growth rate over the forecast time period, owing to the increase in the demand for analytical services that allow enterprises in aggregating data from a number of resources and help in analyzing to increase profit. Wastewater management, medical and pharmaceutical waste management, and industrial waste management form the application segment of the environmental health and safety market.

By end-user, this market includes energy and utilities, chemicals and materials, healthcare, construction and engineering, government and defense, food and beverage, and others. The energy and utility sector is projected to hold the largest market share over the forecast time period, owing to the increased adoption of environmental health and safety solutions.

Regional Analysis

North America dominated the global environmental health and safety market in 2017, due to the strong established economies of the U.S. and Canada. These countries empower the region to heavily invest in research and development activities, which, in turn, contributes to the development of advanced technologies. Europe is growing steadily in the environmental health and safety market, owing to the adoption of EHS solutions by UK, Germany, and France, in various industrial applications, which includes healthcare and food and beverages. Asia Pacific is estimated to register the highest growth rate in the projected years, owing to the investments made in the R&D of environmental health and safety solutions and services by governments of various countries in this region.

Environmental Health and Safety (EHS) Market: Report Scope

The key players in the global Environmental Health and Safety (EHS) Market are -

The competitive profiling of key players of global environmental health and safety market includes company and financial overview, business strategies adopted by them, their recent developments and product offered by them, which can help in assessing competition in the market. Key players included in the report are -

• SAP
• Enablon
• Intelex
• ETQ
• Gensuite
• Enviance
• Cority
• Verisk 3E
• Optial
• Velocityehs
• Sphera Solutions
• Sitehawk
• among others.

This report segments the global of environmental health and safety market as follows:

Global Environmental Health and Safety Market: Component Segment

• Solution
• Services

Global Environmental Health and Safety Market: Application Segment

• Wastewater Management
• Medical and Pharmaceutical Waste Management
• Industrial Waste Management

Global Environmental Health and Safety Market: End-User Segment

• Energy and Utilities
• Healthcare
• Chemicals and Materials
• Construction and Engineering
• Government and Defense
• Food and Beverage
• Others

Global Environmental Health and Safety Market: Regional Segment

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa