With increasing awareness about environment, companies have set up separate departments and standard protocols complying with health, safety and environment regulation. Corporates have being taking initiatives and investing in health and safety to enhance their performance. With advancement of data management and analytics, it has become easy to analyse the data and set standard procedure and operations thus further helping in effective implementation of environmental, health and safety programs. Government and private initiatives and funding towards development of sustainable and holistic program to integrate environmental, health, or safety of individual and organization which is a prominent driving factor for EHS market. With stringent guidelines and regulation by government and regulatory authorities in both developed and developing countries significant growth of EHS market will be witnessed.

The report titled “Environmental Health & Safety (EHS) Market - Growth, Future Prospects and Competitive Analysis, 2023–2030” offers strategic insights into the overall environmental health & safety (EHS) market along with the market size and estimates for the duration 2020 to 2030. The said research study covers in-depth analysis of multiple market segments based on type of components, end users and different geographies. The component types studied for analyzing the overall global environmental health & safety (EHS) market are majorly segmented into software and service. Software market is further sub segmented into data analytics, cost management, quality & risk assessment, energy & carbon management, environmental compliance and others. Services is further sub segmented into analytics, implementation, training, consulting, auditing, certification and project management.

With increasing awareness and mishap/accidents taking place, EHS is playing important role for deployment of safety standard and protection of employee, public and environment. Furthermore, stringent government regulations have made it mandatory for industries such as mining and energy, construction, chemical and petrochemical to abide by statute and legal requirements to maintain EHS safety. In 2021, energy and mining segment occupies significant share of overall global EHS market, thus dominating the market. The key factors responsible for growth are huge investments made in oil and gas, petrochemicals, and construction, stringent regulations by government and international regulatory authorities imposed on these industries for the safety of employees and environment to avoid mishap. In developing countries such as India, China, South Africa and UAE, due to progressing industrial growth there is rise in adoption rate to EHS management for ecological and human safety. Boom in telecommunication in emerging economies has also led to growth of EHS market in these economies.

In 2021, in the overall environmental health & safety market, services segment held the largest share thus dominating the market. Amongst the sub-segment of services considered, auditing service occupies the largest market, since auditing of EHS compliance requires huge capital investment generating heavy revenue. Auditing service is also anticipated to be the fastest growing segment. With advent of technology and increasing rate of adoption of novel software and demand for analytical tool for monitoring health and safety issues, rapid growth of EHS software segment is expected in the forecast period.

At present, North America and Europe dominates the environmental health & safety (EHS) market. In regional market, U.S occupies the largest share and continue to dominate throughout the forecast period 2023-2030, thus increasing the demand for EHS service and software. In industrialized economies such as North America and Europe, stringent implementation of EHS is observed, with respect to major end user industry such as energy and mining, chemical and petrochemical, construction etc. Thus rising awareness about environment, government stringent regulation with respect to environmental laws are the driving factors for the growth of environmental health & safety (EHS) market. Asia-Pacific anticipated to be the fastest growing market in the forecast period. In emerging economies such as China, India, UAE and South Africa, due to continuous industrial development, there is awareness with respect to environment thus encouraging adoption of EHS regulation due to fast development of energy and mining, construction, transportation and manufacturing industries.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Environmental Health & Safety (EHS) market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Environmental Health & Safety (EHS) market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Environmental Health & Safety (EHS) market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Environmental Health & Safety (EHS) market?
• Which is the largest regional market for Environmental Health & Safety (EHS) market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Environmental Health & Safety (EHS) market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Environmental Health & Safety (EHS) market worldwide?