South America Environmental Consulting Services Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Service Type, Media Type, and Vertical

Chemicals and Petroleum Segment is Expected to be Fastest Growing During the Forecast Period for SAM Region

According to this research study titled “SAM 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$ 1,811.64 million by 2028 from US$ 1,439.97 million in 2021. The market is estimated to grow at a CAGR of 3.3% from 2021 to 2028. The report provides trends prevailing in the SAM environmental consulting services market along with the drivers and restraints pertaining to the market growth. Sustainable energy sources being adopted is the major factor driving the growth of the SAM environmental consulting services market. However, issues associated with insufficient attention being given to regulatory compliance hinders the growth of SAM environmental consulting services market.

The SAM environmental consulting services market is segmented into service type, media type, and vertical. The SAM 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 SAM environmental consulting services market, by media type, is segmented into water management, waste management, and others. Water management segment held the largest market share in 2020. The SAM environmental consulting services market, by vertical, is segmented into energy & utilities, chemicals & petroleum industries, manufacturing & process industries, transportation & construction sectors, and others. Other’s segment held the largest market share in 2020.

Brazil has the third highest number of COVID-19 confirmed cases in SAM. Various industries in countries such as Colombia, Ecuador, Chile, Peru, and Argentina are also witnessing the adverse impacts of the pandemic. The government of SAM has taken an array of actions to protect their citizens and contain the spread of novel coronavirus that causes COVID-19. It is anticipated that the SAM environmental consulting services market in SAM will face steep decline in coming years as most of the stimulus packages deployed by the government are majorly focusing on the public healthcare and tax relief. In addition, numerous manufacturing units will face the negative impact due to supply chain disruptions and unavailability of raw materials. The sharp decline in business activities and product sales are also expected to directly affect the growth rate of the environmental consulting services market in SAM for the next three to four 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 SAM 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, Jacobs Engineering Group Inc. announced it has partnered with Biomimicry, a consulting and innovation company engaged in nature-based solutions and nature-inspired designs. Under the partnership agreement, the duo will offer assessment and innovation methodology to assist corporate customers develop and integrate regenerative practices, thereby improving the health and wellbeing of ecosystems and the communities who depend on them.

The report segments the SAM Environmental Consulting Services Market as follows:

SAM Environmental Consulting Services Market - By Service Type

• Investment Assessment & Auditing
• Permitting & Compliance
• Project & Information Management
• Monitoring & Testing
• Others

SAM Environmental Consulting Services Market - By Media Type

• Water Management
• Waste Management
• Others

SAM Environmental Consulting Services Market - By Vertical

• Energy & Utilities
• Chemical & Petroleum
• Manufacturing & Process Industries
• Transportation & Construction Industries
• Others

SAM Environmental Consulting Services Market - By Country

• Brazil
• Rest of SAM