Environmental Health and Safety Market: Global Industry Analysis and Forecast (2024-2030)

Environmental Health and Safety Market size was valued at USD 7.58 Bn. in 2023 and the total Environmental Health and Safety Market revenue is expected to grow at 8% from 2023 to 2030, reaching nearly USD 12.99 Bn.
Environmental Health and Safety Market Overview:
The study of workplace protection and safety is known as environmental health and safety. With no harmful effects on the environment or people, the discipline makes sure that enterprises function in an environmentally responsible manner. The Environmental Health and Safety Market analysis department of a firm is in charge of best practices, environmental preservation, workplace safety, and occupational health. The goal of this department is to lessen and prevent accidents and crises at work. By monitoring and managing indoor air quality as well as reducing chemical dangers by limiting worker exposure, it also seeks to ensure worker safety. Environment Health and Safety (EHS) is adopted by organizations through a range of safety initiatives, protocols, and training sessions. As a result, these adoptions contribute to a larger market share for environment, health, and safety.

The main objective of the Environmental Health and Safety Market for the environment, health, and safety is to prevent and minimize workplace crises, illnesses, and accidents as well as any potential environmental harm brought on by work-related activities. It is responsible for developing and putting into effect all health and safety strategies inside a firm. With an emphasis on defining and upholding a company's production standards, the environmental health and safety market is a legal framework that deals with working conditions in terms of security and environmental protection.
Report Scope:
Environmental Health and Safety Market research offers a comprehensive analysis of the market's drivers, restraints, trends, and projections. Porter's five forces research demonstrates how suppliers and customers can create networks of suppliers and customers to drive profitable decisions. The current Environmental Health and Safety Market potential is ascertained by in-depth analysis, market size, and segmentation. The analysis provides a complete picture of the industry's future to investors and also includes information on the variables expected to have a positive or negative impact on the company.

The research offers a complete understanding of the market for those investors wishing to invest. This research contains scenarios for the Environmental Health and Safety Market from the past and present, along with projected market numbers. The report's thorough analysis of important competitors, including market leaders, followers, and new entrants, covers every aspect of the market. The research contains strategic profiles of the top market participants, a full examination of their key competencies, and their company-specific plans for the introduction of new products, growth, partnerships, joint ventures, and acquisitions. With its clear portrayal of competitive analysis of significant companies by product, pricing, financial condition, product portfolio, growth strategies, and regional presence in the domestic as well as the local market, the research acts as an investor's guide.To know about the Research Methodology :- Request Free Sample Report
Environmental Health and Safety Market Dynamics:
Market Drivers:

Government’s efforts to enforce key environmental and worker safety laws to drive the Environmental Health and Safety Market

EHS software solutions aid businesses in protecting the environment natural environment in which they live as well as the health and safety of their employees. Organizations are required to adhere to a number of worker safety and environmental regulations and requirements by state agencies, the Occupational Health and Safety Administration (OSHA), the Environmental Protection Agency (EPA), and the Department of Justice (DOJ).

Regulatory authorities put financial pressure on businesses to improve their operational procedures and make them eco - friendly. Additionally, in order to decrease the frequency of workplace mishaps, management teams have been pushed to implement EHS software solutions due to intense scrutiny and strict requirements. Businesses must adhere to key industry standards set by organizations like the Food and Drug Administration (FDA), Occupational Safety and Health Administration (OSHA), and Environmental Compliance Certificate (ECC) (FDA). In order to improve the safety of the environment and their employees, businesses in all industries must now abide by these government directives and strict restrictions. In addition, regulatory compliances push businesses to uphold industry norms and rules for all business operations. As a result, these factors are driving growth in the Environmental Health and Safety Market.

The software component to become a key driver in the growth of the Environmental Health and Safety Market

The development of advanced EHS software solutions, which aid in the efficient testing, monitoring, and analysis of operational parameters in End-user industries to ensure the safety of the surrounding environments as well as the personnel involved in the various operations, is attributed to the Environmental Health and Safety Market growth.
Market Restraints:
Higher price of EHS software solutions

There is a low rate of EHS software solution adoption among businesses in low-income countries. Costly software installation and execution are expected to impede Environmental Health and Safety Market growth. A significant barrier to the market's growth in the fields of environment, health, and safety will be the scarcity of knowledgeable specialists or trained personnel (EHS). However, it is expected that during the forecast period, market players' lack of understanding, particularly in emerging nations, restrain the Environmental Health and Safety Market's growth.

Market Opportunities:

Technology advancements to assits diverse business achieving worker involvement and implementing programs for environment, health, safety, and quality

The chances to employ connected devices efficiently to support the management of EHS continue to grow along with the number of linked devices. By adopting IIoT for EHS, businesses may take advantage of new opportunities to lower the risk of worker injury and negative effects on the environment. Connected technology can improve EHS management processes, which in turn, is expected to drive Environmental Health and Safety Market growth through the forecast period.

Connected technology can improve EHS management processes. AI will also have an impact on the EHS industry. Finding a solution that can improve compliance and cut costs and manual labor is the main challenge for EHS business software vendors. The use of AI would be crucial in this situation. The business can add and complete tasks and activities while on the go by using EHS mobile apps, and the data is instantly synchronized with the database when it is online. Big data enhances and automates the data collection process, ensuring the quality of the data.

PwC and Microsoft estimate that employing AI may cut global GHG emissions by 4% in 2030, or 2.4 gigatons equivalent (GTCO2e) of carbon dioxide (CO2) emissions, which is equal to the combined 2030 yearly emissions of Australia, Canada, and Japan. According to PwC and Microsoft, environmental AI applications have a significant potential to reduce greenhouse gas emissions across almost all regions, with North America and East Asia potentially cutting their emissions by 1.6% to 6.1% and 2.7% to 4.8%, respectively, in 2030. IoT devices were employed in the logistics and transportation sector to monitor route optimization, which resulted in fuel savings. Therefore, it is expected that the adoption of cutting-edge technology would soon open up chances for developers of EHS software to boost the Environmental Health and Safety Market growth through the forecast period.

Challenges:

Inadequate regulatory systems in underdeveloped nations

Poor regulatory frameworks are just one of many issues that contribute to the high burden of occupational diseases and injuries in developing and impoverished countries. Poor OSH management, the organizational structure of the workplace, and financial circumstances, among others, make it difficult to establish and maintain a safe and healthy work environment. Over time, there has been a tremendous increase in public awareness of EHS software solutions and services. The availability of EHS software solutions is still unknown to a sizable portion of the populace. Consequently, they are reliant on conventional techniques.

This element is preventing the Environmental Health and Safety Market from realizing its full potential. The necessity of preserving the environment and employees has been highlighted by strict government rules and guidelines, which have raised awareness of EHS software solutions and services among enterprises. In the EHS market, firms are also required to follow a variety of rules; however, choosing these standards involves a number of challenges. Numerous international national, state, and municipal governmental organizations worldwide create and implement these rules and regulations. A crucial challenge is figuring out which of these legal and other criteria apply to an organization's operations. Additionally, if an organization doesn't follow these guidelines, there could be severe fines or other consequences.
Environmental Health and Safety Market Segment Analysis:
Based on Product, the Services segment is expected to grow at the highest CAGR during the forecast period. Owing to its growing adoption in the mining and energy sectors, the demand for EHS services is expected to reach USD 89.05 billion by 2030. EHS consulting services, process safety evaluations, and management, waste management, water quality, and compliance program development and implementation are among the services offered.

EHS services offer technical and regulatory guidance, site auditing, and drilling and exploration support to mining firms. In order to provide better results with less influence on the environment, EHS service providers also help clients by identifying and reporting the necessary adjustments. These service providers further support enterprises in energy markets with the appropriate disposal of industrial and radioactive wastes.

In addition to incident management, audit and inspection, management change, compliance management, chemical management, training management, performance metrics, risk analysis, air emission measurement, water quality, waste compliance, safety meetings, ergonomics, and corrective actions are just a few of the many functionalities that the environmental health and safety software can perform. In addition, clients can order customized software from software providers to meet their specific needs. The growing investments made by businesses in automated environmental, health, and safety solutions to lessen the negative effects of their operations on the environment and to offer a secure working environment for their staff are primarily responsible for the segment's growth of the Environmental Health and Safety Market.

Based on Application, the Medical & Pharmaceutical Waste Management segment is expected to grow at the highest CAGR during the forecast period. Owing to the increasing expenditures made by various businesses in wastewater treatment plants to maintain their compliance with the effluent discharge requirements, it is expected that the wastewater management industry in Europe would reach USD 9.00 billion by 2029. During the forecast period, strict laws restricting the release of wastewater into the North Sea and the Baltic Sea are expected to drive product demand in the Environmental Health and Safety Market.

The disposal of biohazardous waste and pharmaceutical trash, including animal waste, human waste, cultures and stocks, blood products, tissues, human pathological waste, body fluids & cell lines, recombinant DNA, and other infectious agents are all part of medical and pharmaceutical waste management. EHS products aid market participants in the pharmaceutical and healthcare sectors in adhering to laws. It is expected that growing global spending on health care and the advancement of medical technologies drive demand. The existence of strict bio-waste disposal regulations is expected to further fuel demand. Owing to the existence of strict international rules surrounding the transportation and disposal of industrial waste, industrial waste management accounted for over 51.5% of the global EHS market share in terms of revenue in 2020. The improper disposal of toxic waste is expected to grow the risk of accidents and diseases, which grow market demand.

Based on End-user, the Energy & Mining segment is expected to grow at the highest CAGR during the forecast period. Owing to its use in enhancing utility systems, data centers, industrial water, and wastewater treatment plants, and solid waste dumps, the need for EHS in the manufacturing industry is expected to grow at a CAGR of 7.2% during the forecast period. The demand for the environment, health, and safety services and software is expected to grow as the manufacturing sector grows in the developing nations of Asia Pacific, Central America, and South America.

The setting is significantly impacted by the building of dams, factories, power plants, and transportation lines. EHS services help building firms modernize out-of-date building systems, design energy-efficient building models, effectively utilize and integrate local microclimates, and minimise waste produced. Owing to the strong electric current present, procedures in the telecom industry involving conductor installation, removal, and rearrangement are highly risky. OSHA regulations covering working surfaces, support structures, and approach distances to exposed electrified overhead power lines must be followed by businesses operating in the sector.

During the forecast period, it is expected that this aspect grows in demand in this application segment. Owing to its capacity to manage buildings, laboratories, and pharmacies as well as guarantee workers' safety from biohazards, EHS in the healthcare sector accounted for 7.0% of the market share in 2023. These services include features including hospital risk assessment, regulatory training, medical waste management, compliance, and safety evaluation, and it is believed that these will have a favorable impact on demand.
Environmental Health and Safety Market Regional Insights:
North America held the largest market share of (39.5%) in 2023. The existence of manufacturing centers like Mexico and a sizable number of big IT companies in the United States and Canada is what essentially drives the North American Environmental Health and Safety Market. The developed countries' improved understanding of sustainable development and the value of minimizing environmental effects is expected to grow the demand for EHS services in this region.

Governmental bodies like the U.S. develop environmental, health, and safety norms and regulations. The United States Department of Labor, the Environmental Protection Agency (EPA), and the Occupational Safety and Health Administration (OSHA). In the United States, among the major market participants are AECOM, Jacobs, Tetra Tech, Inc., Enablon, and Velocity EHS. These firms provide a wide range of EHS services and software, including risk assessment, ergonomics, wastewater management, construction and engineering services, EHS management consulting & compliance, and ergonomics. During the forecast period, the EHS market in Europe is expected to grow at a CAGR of 9.4%. The usage of EHS services and software is growing fastly in the European Environmental Health and Safety Market as a way to replace the take-make-dispose paradigm, growing utilization of raw resources, and reducing waste generation.

The laws pertaining to consumer protection, environmental protection, health, and safety were developed by EU-OSHA and the European Environment Agency (EEA). In the forecast period, the strict environmental standards in Europe are expected to grow the demand for EHS software & services. In the global EHS market, Asia Pacific is the area with the fastest growth. The growth of the manufacturing sector and environmental security in this region is mostly driven by the region's growing economies, which include China, India, Indonesia, Singapore, and Australia. The pharmaceutical, mining, manufacturing, and construction industries are flourishing in the Asia Pacific and are widely utilizing EHS services and software.
Environmental Health and Safety Market Scope: Inquire before buying



Global Environmental Health and Safety Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 7.58 Bn.


Forecast Period 2024 to 2030 CAGR:
8%
Market Size in 2030:
US $ 12.99 Bn.


 Segments Covered:
by Product
Services
Software


by End User
Energy & Mining
Chemicals & Petrochemicals
Healthcare
Telecom & IT
Construction
Manufacturing
Others


by Application
Medical & Pharmaceutical Waste Management
Industrial Waste Management
Wastewater Management
Others



Environmental Health and Safety Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Competitors in the Environmental Health and Safety Market are:
1. VelocityEHS(US)
2. Enablon(US)
3. IsoMetrix(US)
4. VisiumKMS(US)
5. ETQ(US)
6. Dakota Software(US)
7. ProcessMap(US)
8. Verisk 3E(US)
9. ComplianceQuest(US)
10.UL(US)
11.Gensuite(US)
12.SafeSite(Canada)
13.Intelex(Canada)
14.ProntoForms( Canada)
15.Cority US(Canada)
16.Sphera(Germany)
17.Quentic( Germany)
18.SAP (Germany
19.SHE Software(Germany)
20.Ideagen(UK)
21.EcoOnline(UK)
22.Alcumus(UK)
23.Pro-Sapien(UK)
24.SAI Global(Italy)
25.Enhesa(Belgium))
SafetyCulture( Australia)
SHEQX(Australia)

Frequently Asked Questions:

1] What segments are covered in the Global Environmental Health and Safety Market report?
Ans. The segments covered in the Environmental Health and Safety Market report are based on Product, Application, End-user and Region.

2] Which region is expected to hold the highest share in the Global Environmental Health and Safety Market?
Ans. The North America region is expected to hold the highest share in the Environmental Health and Safety Market.

3] What is the market size of the Global Environmental Health and Safety Market by 2030?
Ans. The market size of the Environmental Health and Safety Market by 2030 is expected to reach US$ 12.99 Bn.

4] What is the forecast period for the Global Environmental Health and Safety Market?
Ans. The forecast period for the Environmental Health and Safety Market is 2024-2030.

5] What was the market size of the Global Environmental Health and Safety Market in 2023?
Ans. The market size of the Environmental Health and Safety Market in 2023 was valued at US$ 7.58 Bn.