At 7.8% CAGR, Europe Environmental Consulting Services Market is Projected to be Worth US$ 17,425.60 Million by 2031, says Business Market Insights

According to Business Market Insights research, the Europe environmental consulting services market was valued at US$ 9,543.19 million in 2023 and is expected to reach US$ 17,425.60 million by 2031, registering a CAGR of 7.8% from 2023 to 2031. Use of clean energy and advancements in renewable technologies and rise in global pollution level are among the critical factors attributed to driving the Europe environmental consulting services market growth.

Clean energy is gaining traction as the energy source in various factories across the globe due to the rising prices of conventional energy for industrial use. Clean energy offers various advantages such as decreased operational costs and government support in terms of subsidies and tax incentives. Many organizations are increasingly utilizing clean energy to meet sustainability goals, including reducing carbon emissions and shifting to 100% renewable energy use. Environmental consulting services are essential for helping businesses develop and implement sustainability strategies that cater to these goals. Also, advancements in renewable energy technologies such as battery storage, smart grids, and offshore wind farms require specialized knowledge to assess their environmental impacts and integration potential. Environmental consultants with expertise in such technologies help companies sustainably implement these innovations. As renewable energy technologies continue to evolve, environmental consultants can provide specialized services in areas such as battery storage impact analysis, smart grid development, and offshore energy projects, which are opening new prospects for environmental consulting. Thus, the use of clean energy and advancements in renewable technologies is expected to create lucrative opportunities for the environmental consulting services market growth during the forecast period.

On the contrary, the high cost of consulting services hampers the growth of Europe environmental consulting services market.

By service type, the Europe environmental consulting services market is segmented into investment assessment and auditing, permitting and compliance, project and information management, monitoring and testing, and others. The investment assessment and auditing held 25.9% share of Europe environmental consulting services market share in 2023, amassing US$ 2,474.05 million. It is projected to garner US$ 4,414.57 million by 2031 to register 7.5% CAGR during 2023–2031.

By media type, the Europe environmental consulting services market is segmented into water management, waste management and others. The water management held 42.2% share of Europe environmental consulting services market share in 2023, amassing US$ 4,024.83 million. It is projected to garner US$ 7,709.50 million by 2031 to register 8.5% CAGR during 2023–2031.

By vertical, the Europe environmental consulting services market is segmented into energy and utilities, chemical and petroleum, manufacturing and process industries, transportation and construction industries, and others. The energy and utilities held 23.2% share of Europe environmental consulting services market share in 2023, amassing US$ 2,216.88 million. It is projected to garner US$ 4,243.64 million by 2031 to register 8.5% CAGR during 2023–2031.

Based on country, the Europe environmental consulting services market is categorized into France, Germany, the UK, Italy, Spain, and the Rest of Europe. Our regional analysis states that the UK captured 34.6% share of Europe environmental consulting services market in 2023. It was assessed at US$ 3,298.13 million in 2023 and is likely to hit US$ 5,974.28 million by 2031, registering a CAGR of 7.7% during 2023–2031.

Key players operating in the environmental consulting services market are Aecom; Jacobs Solutions Inc Arcadis NV; Bechtel Corp; ERM Group, Inc.; Tetra Tech Inc.; Antea Group; Stantec Inc; Ramboll Group A/S; SLR Consulting; and WSP Global Inc, among others.

• In 2024: Jacobs announced the completion of the spin-off of its Critical Mission Solutions and Cyber & Intelligence government services businesses (the “Separated Business”) and merger with Amentum Parent Holdings LLC, forming an independent, publicly traded company called Amentum Holdings, Inc. (NYSE: AMTM) ("Amentum"). The combination creates a robust, leading government-advanced engineering and technology solutions business.

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