At 7.3% CAGR, North America Environmental Consulting Services Market is Projected to be Worth US$ 39,436.49 Million by 2031, says Business Market Insights

According to Business Market Insights research, the North America environmental consulting services market was valued at US$ 22,461.15 million in 2023 and is expected to reach US$ 39,436.49 million by 2031, registering a CAGR of 7.3% from 2023 to 2031. Technological advancements in environmental consulting services and rise in government regulations & laws for environment protection are among the critical factors attributed to driving the North America environmental consulting services market growth.

Governments of various countries impose strict laws and policies to address environmental concerns, such as pollution, climate change, and resource management; as a result, companies are hiring environmental consultants to navigate the complex regulatory landscape. These governments are enacting a wide range of environmental regulations aimed at reducing pollution, conserving resources, and mitigating climate change. A few of these laws and regulations cover different areas such as air and water quality, waste management, carbon emissions, and biodiversity protection. For instance, in the US, environmental regulations such as the Clean Air Act, Clean Water Act, and National Environmental Policy Act (NEPA) require businesses to conduct environmental assessments and monitoring. The complexity of these regulations makes it difficult for businesses to stay compliant. Environmental consulting firms help businesses interpret and comply with these laws, ensuring they meet the required standards to avoid fines, legal action, and damage to their reputation. Consultants assist with permitting, environmental impact assessments, pollution control measures, and reporting requirements. Thus, a rise in government regulations and laws for environmental protection boosts the environmental consulting services market growth.

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

By service type, the North America 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 26.6% share of North America environmental consulting services market share in 2023, amassing US$ 5,966.89 million. It is projected to garner US$ 10,310.54 million by 2031 to register 7.1% CAGR during 2023–2031.

By media type, the North America environmental consulting services market is segmented into water management, waste management, and others. The water management held 40.4% share of North America environmental consulting services market share in 2023, amassing US$ 9,066.46 million. It is projected to garner US$ 16,806.17 million by 2031 to register 8.0% CAGR during 2023–2031.

By vertical, the North America 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 24.4% share of North America environmental consulting services market share in 2023, amassing US$ 5,483.26 million. It is projected to garner US$ 10,100.97 million by 2031 to register 7.9% CAGR during 2023–2031.

Based on country, the North America environmental consulting services market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 81.6% share of North America environmental consulting services market in 2023. It was assessed at US$ 18,332.79 million in 2023 and is likely to hit US$ 32,576.35 million by 2031, registering a CAGR of 7.5% 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: WSP Global Inc. announced that it had completed the acquisition of Power Engineers, Incorporated (“POWER”), a prominent U.S. consulting firm with a leading presence in the Power & Energy (P&E) sector (the “Acquisition”).

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