Energy & Utilities Segment to Dominate APAC Environmental Consulting Services Market during 2020-2028
According to this research study titled “APAC Environmental Consulting Services Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Service Type, Media Type, and Vertical,” the market is expected to reach US$ 12,488.98 million by 2028 from US$ 7,571.04 million in 2021. The market is estimated to grow at a CAGR of 7.4% from 2021 to 2028. The report provides trends prevailing in the APAC environmental consulting services market along with the drivers and restraints pertaining to the market growth. Environmental regulations promoted by the government is the major factor driving the growth of the APAC environmental consulting services market. However, issues associated with lack of regulatory compliance not given enough attention hinders the growth of APAC environmental consulting services market.
The APAC environmental consulting services market is segmented into service type, media type, and vertical. The APAC environmental consulting services market, by service type, is segmented into investment assessment & auditing, permitting & compliance, project & information management, monitoring & testing, and others. Other’s segment held the largest market share in 2020. The APAC environmental consulting services market, by media type, is segmented into water management, waste management, and others. Other’s segment held the largest market share in 2020. The APAC environmental consulting services market, by vertical, is segmented into energy & utilities, chemicals & petroleum industries, manufacturing & process industries, transportation & construction sectors, and others. Energy & utilities segment held the largest market share in 2020.
The containment measure undertaken by the governments in APAC has negatively affected several industrial operations in the region. However, increasing environmental concerns are still supporting the requirement of environmental consulting services. On the other side, due the restrictions on supply chain and logistics, the procurement rate of various electronics equipment used for managing the waste generated by the industries has been quite affected. India, South Korea, Japan, Vietnam, and other APAC countries are witnessing a sharp decline in the production operation across various manufacturing companies. In addition, APAC is a global manufacturing hub with countries such as China, Japan, South Korea, and India. Also, China is the global manufacturing hub and largest raw material supplier for various industries, and it is one of the worst affected COVID-19 countries. Hence, the ongoing disruptions in the supply of raw materials & components and demand from China & other Asian countries is expected to negatively impact the growth of the environmental consulting services market in coming quarters.
AECOM; Antea Group; Arcadis N.V.; Bechtel Corporation; ERM Group, Inc.; Golder Associates; Jacobs Engineering Group Inc.; John Wood Group PLC; Ramboll Group A/S; SLR Consulting; Stantec Inc.; and Tetra Tech Inc. are among the leading companies in the APAC environmental consulting services market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, ERM Group, Inc. announced it has partnered with Environmental Management Consultants (EMC) in Guyana to formalize the relationship between the two entities to offer environmental and socioeconomic support in Guyana.
The report segments the APAC Environmental Consulting Services Market as follows:
APAC Environmental Consulting Services Market - By Service Type
APAC Environmental Consulting Services Market - By Media Type
APAC Environmental Consulting Services Market - By Vertical
APAC Environmental Consulting Services Market - By Country
The APAC environmental consulting services market is segmented into service type, media type, and vertical. The APAC environmental consulting services market, by service type, is segmented into investment assessment & auditing, permitting & compliance, project & information management, monitoring & testing, and others. Other’s segment held the largest market share in 2020. The APAC environmental consulting services market, by media type, is segmented into water management, waste management, and others. Other’s segment held the largest market share in 2020. The APAC environmental consulting services market, by vertical, is segmented into energy & utilities, chemicals & petroleum industries, manufacturing & process industries, transportation & construction sectors, and others. Energy & utilities segment held the largest market share in 2020.
The containment measure undertaken by the governments in APAC has negatively affected several industrial operations in the region. However, increasing environmental concerns are still supporting the requirement of environmental consulting services. On the other side, due the restrictions on supply chain and logistics, the procurement rate of various electronics equipment used for managing the waste generated by the industries has been quite affected. India, South Korea, Japan, Vietnam, and other APAC countries are witnessing a sharp decline in the production operation across various manufacturing companies. In addition, APAC is a global manufacturing hub with countries such as China, Japan, South Korea, and India. Also, China is the global manufacturing hub and largest raw material supplier for various industries, and it is one of the worst affected COVID-19 countries. Hence, the ongoing disruptions in the supply of raw materials & components and demand from China & other Asian countries is expected to negatively impact the growth of the environmental consulting services market in coming quarters.
AECOM; Antea Group; Arcadis N.V.; Bechtel Corporation; ERM Group, Inc.; Golder Associates; Jacobs Engineering Group Inc.; John Wood Group PLC; Ramboll Group A/S; SLR Consulting; Stantec Inc.; and Tetra Tech Inc. are among the leading companies in the APAC environmental consulting services market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, ERM Group, Inc. announced it has partnered with Environmental Management Consultants (EMC) in Guyana to formalize the relationship between the two entities to offer environmental and socioeconomic support in Guyana.
The report segments the APAC Environmental Consulting Services Market as follows:
APAC Environmental Consulting Services Market - By Service Type
- Investment Assessment & Auditing
- Permitting & Compliance
- Project & Information Management
- Monitoring & Testing
- Others
APAC Environmental Consulting Services Market - By Media Type
- Water Management
- Waste Management
- Others
APAC Environmental Consulting Services Market - By Vertical
- Energy & Utilities
- Chemical & Petroleum
- Manufacturing & Process Industries
- Transportation & Construction Industries
- Others
APAC Environmental Consulting Services Market - By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
Table of Contents
1. Introduction
3. Research Methodology
4. APAC Environmental Consulting Services Market Landscape
5. APAC Environmental Consulting Services Market - Key Industry Dynamics
6. Environmental Consulting Services Market - APAC Analysis
7. APAC Environmental Consulting Services Market Revenue and Forecast to 2028 - Service Type
8. APAC Environmental Consulting Services Market Analysis- By Media Type
9. APAC Environmental Consulting Services Market Analysis - By Vertical
10. APAC Environmental Consulting Services Market - Country Analysis
11. Impact of COVID-19 Pandemic on APAC Environmental Consulting Services Market
12. Industry Landscape
13. Company Profiles
14. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AECOM
- Antea Group
- Arcadis N.V.
- Bechtel Corporation
- ERM Group, Inc.
- Golder Associates
- Jacobs Engineering Group Inc.
- John Wood Group PLC
- Ramboll Group A/S
- SLR Consulting
- Stantec Inc.
- Tetra Tech Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 165 |
| Published | June 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 7571.04 Million |
| Forecasted Market Value ( USD | $ 12488.98 Million |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | Asia Pacific |
