EHS Market Size – USD 7.29 Billion in 2020, Growth - CAGR of 11.8%, Trends –The rise in the expansion of different sectors like the Mining sector

The Global EHS Market is forecast to reach USD 17.73 Billion by 2028, according to a new report by Reports and Data. The expansion of EHS market is attributed to the combination of diverse factors. One of the mentionable driving factor in this context is the expansion in various industries like mining, and energy, among others, and the associated rise in the occurrence rate of occupational hazards and accidents in these industries. Such an increase in the occurrence rate of occupational hazards, results in a significant growth of EHS like never before which have a positive impact on the growth of the market.

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Top Lading Players: Enablon, Intelex, SAP, ETQ, Enviance, Gensuite, Velocityehs, Cority, Verisk 3E and Sphera Solutions.

Some Key Highlights from the Report:

• The EHS market held a market share of USD 7.29 Billion in the year 2020, with a growth rate of 11.8% during the forecast period.
• In regards to Component, the Services segment generated the highest revenue of USD 3.67 Billion in 2020 with a CAGR of 11.3% during the forecast period. The revenue generated by the segment is the result of increased demand for analytical services which are helpful for enterprises in collecting data from various resources and elevate their EHS standards.    
• In context to Professionals, the Hygienists/Inspectors segment is forecast to yield the highest revenue of USD 37 Billion by 2028 with a growth rate of 12.2% during the forecast period. Factors contributing to the revenue generated by Hygienists/Inspectors segment are high relevance of EHS solutions in regards to the duties of these professionals and the resultant incorporation in their functioning.
• In regards to Application, Industrial Waste Management segment yielded the highest revenue of USD 3.06 Billion in 2020 with the highest growth rate of 12.3% during the forecast period. The revenue generates by the Industrial Waste Management segment is attributed to the expansion of different industries like chemicals and materials sectors and the associated rise in the number of compliance regulations in these industries that require to emphasize on industrial waste management.
• In regards to end-user, the Energy Mining segment is forecast to occupy the largest market share of 24.0% by 2028, with a CAGR of 12.4% during the forecast period. The market share held by Energy Mining segment is the result of advancements in oil and gas manufacturing sector and the associated rise in rigid rules formulated by manufacturing companies to ascertain safety and security of the environment and their employees. The formulation of these manufacturing regulations increases the relevance of EHS solutions to Energy Mining sector, which in turn contributes to the market share of this segment.
• In regards to the region, Asia Pacific is forecast to experience the highest growth rate of 13.2% during the forecast period. The growth rate of the Asia Pacific region is the result of expansion in chemical industry and booming energy and mining sectors that has resulted in increasing the relevance and use of EHS services and solutions in this region.

Segments covered in the report:

Component Type Outlook (Revenue, USD Billion; 2020-2028)

• Solutions
• Environment Compliance
• Energy and carbon management
• Cost management
• Quality and risk assessment
• Data analytics
• Services
• Auditing
• Testing and monitoring
• Certification
• Training
• Implementation
• Analytics
• Consulting
• Project Management
• Others

Professionals type Outlook (Revenue, USD Billion; 2020-2028)

• Managers
• Hygienists/Inspectors
• Business/Financial advisers
• HR Professionals
• Specialty occupation representatives
• Others

Application Type Outlook (Revenue, USD Billion; 2020-2028)

• Industrial Waste Management
• Medical Pharmaceutical Waste Management
• Waste Water Management

End-user Type Outlook (Revenue, USD Billion; 2020-2028)

• Energy Mining
• Chemical Petrochemical
• Telecom IT
• Healthcare
• Manufacturing
• Construction
• Others

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Regional Outlook:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market?
• What kind of strategic business plans have they made?

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