PUBLISHER: Polaris Market Research | PRODUCT CODE: 1463131
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1463131
The global built and natural environment consulting market size is expected to reach USD 103.10 billion by 2032, according to a new study by Polaris Market Research. The report "Built and Natural Environment Consulting Market Share, Size, Trends, Industry Analysis Report, By Service (Project & Information Management, Investment Assessment & Auditing, Monitoring & Testing, Permitting & Compliance and Others); By End-User; By Region; Segment Forecast, 2024- 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The built and natural environment consulting market is poised for growth, driven by rising demand for expert consulting services and technological innovations for cost-effective solutions. Additionally, its broad application scope, particularly in environmental restructuring, will spur demand. Structural enhancements for durability and mitigating replacement costs are imperative across various industries.
Increased R&D investments for innovative techniques will further drive demand. Stringent environmental regulations imposed by governments globally will positively impact the market. Trends include market consolidation and technological advancements. However, high initial investments and long-term commitments may pose challenges. Additionally, elevated consultation and implementation costs, coupled with a shortage of specialized expertise, could impede market growth.
However, the built and natural environment consulting market presents a significant opportunity amidst escalating environmental concerns. With the pressing need for sustainable development, the demand for expert advice in balancing economic growth with ecological preservation is on the rise. This market offers a chance to guide urban planning, infrastructure, and energy projects towards environmentally responsible outcomes. Moreover, the integration of renewable energy sources and adherence to stringent regulatory standards offer avenues for innovation and growth. As technology advances, consultants have access to sophisticated tools, further enhancing their ability to provide inventive and impactful solutions. This market aligns with the global push for a greener and more sustainable future.
The investment assessment & auditing segment is expected to grow at the highest CAGR during the projected period on account of increasing environmental sustainability.
The energy and power segment accounted for the largest market share in 2023, which is mainly driven by cost-effectiveness, higher performance, and flexibility.
North America region dominated the market with a majority share in 2023, owing to exponential growth in technology and stringent environmental regulations.
The global key market players include Bechtel Corporation, CH2M Hill Companies, Ltd., Environmental Resources Management (ERM), Fluor Corporation, Golder Associates Inc., and HDR, Inc.
Polaris Market Research has segmented the built and natural environment consulting market report based on service, end-user, and region: