Environmental Consulting Services
- ID: 1052398
- April 2016
- Region: United States
- 10 pages
- First Research
Brief Excerpt from Industry Overview Chapter:
Companies in this industry provide advice and assistance to businesses and other organizations on environmental issues. Major US-based companies include Veolia Environmental Services North America and Tetra Tech, as well as the environmental and consulting divisions of large engineering and construction firms such as AECOM, Bechtel, and CH2M HILL. Other major companies include Amec Foster Wheeler (based in the UK), Arcadis (the Netherlands), Environmental Resources Management (the UK), and Golder Associates (Canada).
Worldwide, the environmental consulting industry generates about $27 billion in revenue annually, according to Environment Analyst. Growth is expected to come from Africa, China, India, and Southeast Asia. The US and Western Europe are major markets for environmental consulting services but are seeing slow growth in demand.
The US environmental consulting services industry includes about 10,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $15 billion.
Demand is driven by the needs of businesses and government agencies to comply with new, existing or anticipated environmental laws and regulations. The profitability of an individual company depends on its ability to accurately predict project costs and to secure contracts with large organizations such as the US government. Large firms have the advantage of providing a wide range of environmental expertise and can thus offer one-stop shopping for clients. Small firms are able to compete by specializing in regional markets or particular areas of expertise.
Quarterly Industry Update
Call Preparation Questions
Web Links and Acronyms