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EHS Market by Solution, Service, Vertical And Region - Global Forecast to 2022

EHS Market: Global Forecast until 2022

  • March 2018
  • 127 pages
  • ID: 5369874
In this report:
THE PROJECT DEPLOYMENT AND IMPLEMENTATION SERVICES SEGMENT IS EXPECTED TO DOMINATE THE OVERALL SERVICES MARKET, ACCOUNTING FOR ##.##% OF THE MARKET SHARE IN 2017.
THE AUDIT, ASSESSMENT, AND REGULATORY COMPLIANCE SERVICES SEGMENT IS EXPECTED TO GROW FROM USD ##.## MILLION IN 2017 TO USD ##.## MILLION BY 2022, AT A CAGR OF ##.##%.

Summary

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The Environment, Health, and Safety market is anticipated to rise at a Compound Annual Increase rate of 11.10 percent during the forecast period.

The overall EHS market is forecasted to grow from ~$4.4B in 2017 to ~$7.4B by 2022, at a compound annual growth rate of 11.10 percent during the forecast period. Stringent government regulations and guidelines; growing awareness about EHS among employees and institutions; and growing number of accidents, especially in mining, energy, construction, and chemical industries are some of the factors providing to the rise of the overall EHS market. Rising investments in EHS by final users are forecasted to further drive the market increase. Complex standards and regulations, poor implementation of regulations, and lack of corrective actions are the main factors restricting the rise of the EHS market.

The analytics services segment is anticipated to grow at the highest CAGR (Compound annual growth rate) during the outlook period.

Analytics services are being quickly adopted by developing regions, including APAC, Latin America area and MEA.These services help institutions in aggregating data from multiple resources and analyzing it for expanding profit margins.

Once the data is uploaded into the EHS analytics system, institutions can view the information in a customizable dashboard, share the information with other organizations, and import the data into an excel sheet to build their own reports.Primarily, EHS analytics services are cloud-based, and there is no need to connect these services to any external hardware.

Contractors, providers, and other stakeholders can view and report their data with the help of analytics services.

The energy and utilities vertical is anticipated to account for the biggest market share in the EHS market during the estimate period.

In the MEA and APAC regions, the energy and utilities vertical is anticipated to grow at the highest compound annual growth rate (CAGR).The vertical has witnessed significant adoption of EHS solutions, as a result of the evolving EHS laws, regulations, and standards.

EHS solutions ensure regulatory compliance, mitigate operational risks, quantify and report air emission from utility or energy system processes.The EHS solutions also include sustainability tracking, which takes care of customized KPIs and business metrics.

Additionally, EHS solutions include an executive dashboard, which helps professionals manage the environmental performance, onsite incidents, and energy and utilities use.

Asia Pacific (APAC) is expected to grow at the maximal rate during the outlook period.

Asia-Pac is anticipated to witness significant increase and is forecasted to be the fastest growing area in the EHS market.The area has witnessed the advanced and dynamic adoption of new technologies, and it has always been a lucrative market.

Asia-Pacific is anticipated to be one of the quickest increasing sectors, as governments in the territory are investing in R&D of EHS solutions and services. Japan (JP) and Australia (AU) have witnessed the heavy adoption of EHS solutions, owing to stringent rules of government toward the safety and security of workers.

In the process of finding out and checking the market size of different segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with main people. The breakup of the profiles of the primary participants is like:

• By Organization: Tier 1 - 30 %, Tier 2 - 40.0 percent, and Tier 3 - 30.0 percent

• By Description: C-suite - 72.0 percent, D-level - 14.0 percent, and Others - 14.0 percent

• By Area: North America continent - 57.0 percent, Europe (EU) - 14.0 percent, Asia-Pac - 29.0 percent

The EHS market includes main vendors, including SAP, Enablon, EtQ, Intelex, Gensuite, Enviance, Cority, Verisk 3E, VelocityEHS, Optial, Sphera Solutions, and SiteHawk.

Segment Research

The market research includes a detailed competitive analysis of the top players in the EHS market together with their company profile, recent evolutions, and key industries strategies. The document breaks down the EHS market by component (solutions and services), vertical, and area.

Why Purchasing This Study Can Help You:

The EHS market has been split on the basis of component (solutions and services), services, vertical, and area.

The industry report will facilitate industry top players/new sector entrants in the EHS market in these ways:

1. The global EHS market revenue stream has been estimated based on the revenues of the vendors offering EHS solutions and services. It is inclusive of analytics services; project deployment and implementation services; audit, assessment, and regulatory compliance services; business consulting and advisory services; certification services; and training and support services. The study offers the best approximations of the revenue data for the global market and its sub-segments. The industry numbers are further split into localities.

2. The analysis will facilitate the partners distinguish the pulse of the sector and offers them information on the main market drivers, market restraints, opportunities, and alternatives.

3. The market research will facilitate the partners comprehend their players and obtain additional insights to enhance their market position. The competitive outlook section includes the competitor ecosystem, new industry product developments, alliances, and mergers and acquisitions associated to the EHS market.

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