PUBLISHER: Meticulous Research | PRODUCT CODE: 1518330
PUBLISHER: Meticulous Research | PRODUCT CODE: 1518330
Environmental Remediation Market Size, Share, Forecast, & Trends Analysis by Technique (Soil, Sediment, Ground & Surface Water), Site, Application (Manufacturing, Agriculture), and Geography - Global Forecast to 2031
The research report titled, 'Environmental Remediation Market Size, Share, Forecast, & Trends Analysis by Technique (Soil, Sediment, Ground & Surface Water), Site, Application (Manufacturing, Agriculture), and Geography-Global Forecast to 2031', provides in-depth analysis of the environmental remediation market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031.
The environmental remediation market is projected to reach $207.3 billion by 2031, at a CAGR of 8.0% from 2024 to 2031. The growth of this market is attributed to the rise in government initiatives for environmental protection, increasing focus on the development of environment-friendly industries, and rapid industrialization and urbanization in developing countries. In addition, the development of advanced remediation technologies and stringent environmental regulations are expected to offer significant opportunities for the growth of this market. However, technical & non-technical factors in complex sites are a challenge for market growth. Furthermore, the high cost of excavation equipment may restrain the market growth to a certain extent.
Nano-remediation techniques are a major trend in the global environmental remediation market.
The environmental remediation market is segmented by technique, site, and application. The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on technique, the environmental remediation market is broadly segmented into soil remediation, sediment remediation, and ground & surface water remediation. In 2024, the ground & surface water remediation segment is expected to account for the largest share of this market. This segment is also projected to register the highest CAGR during the forecast period. The large market share and fast growth of this market are mainly attributed to the stringent regulations and policies aimed at protecting the environment and reducing pollution, unorganized waste disposal practices and accidental spillage of hazardous chemicals into water bodies, rising health concerns due to contaminated water sources, and increasing water remediation efforts by companies and individuals.
Based on site, the environmental remediation market is segmented into private and public. In 2024, the public segment is expected to account for the largest market share and is also projected to register the highest CAGR during the forecast period. The large market share of this segment is mainly attributed to the increasing need to clean up a contaminated site for the development of new properties or businesses; companies focus on cleaning up pollution or contaminants generated by them, stringent regulations and policies for the environment, rising concerns over environmental pollution from various industries, and growing need to protect public health and the surrounding environment.
Based on application, the environmental remediation market is segmented into manufacturing, industrial and chemical production, agriculture, landfills & waste disposal sites, mining & forestry, oil & gas, construction & land development, and other applications. In 2024, the manufacturing, industrial, and chemical production segment is expected to account for the largest share of the global environmental remediation market. The large market share of this segment is mainly attributed to the growing need for cleaning up contaminated sites, increasing government stringent regulations and policies, the rising need for environmental remediation for efficient industrial operations, and rising concerns over environmental pollution. However, the landfills and waste disposal site segment is expected to register the highest CAGR during the forecasted period.
Based on geography, the global environmental remediation market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of the global environmental remediation market, followed by Europe and North America. The large market share of Asia-Pacific is mainly attributed to the increasing pollution and environmental degradation, surge in environmental regulations, growing awareness about the importance of environmental protection, and the need to address pollution and contamination caused by rapid industrialization and urbanization in the region. The Asia-Pacific region is also expected to witness rapid growth during the forecast period.
The key players operating in the Environmental Remediation Market are Jacobs Solutions Inc. (U.S.), Tetra Tech, Inc. (U.S.), DEME NV (Belgium), BRISEA Group, Inc. (BRISEA) (U.S.), Weber Ambiental (Brazil), Amentum Services, Inc. (U.S.), In-Situ Oxidative Technologies, Inc. (ISOTEC) (U.S.), NorthStar Group Services, Inc. (U.S.), Golder Associates (a subsidiary of WSP Global Inc.) (Canada), Clean Harbors, Inc. (U.S.), AECOM (U.S.), ENTACT, LLC (U.S.), Terra Systems, Inc. (U.S.), Engineering and Maintenance Solutions (EMS) (Australia), HDR, Inc. (U.S.), Bechtel Corporation (U.S.), Stantec Inc. (Canada), GEO (U.S.), Newterra Inc. (Canada), HEPACO (U.S.), and Sequoia Environmental Remediation Inc. (Canada).
Environmental Remediation Market Assessment- by Technique
Environmental Remediation Market Assessment- by Site
Environmental Remediation Market Assessment-by Application