The overall environmental remediation market is expected to grow from USD 104.6 billion in 2021 to USD 158.8 billion by 2026; it is expected to grow at a CAGR of 8.7% during 2021–2026. Key factors fueling this market’s growth include increasing government initiatives for environmental protection; growing focus on development of environment-friendly industries; and rapid population growth and industrialization in developing countries. Development of advanced remediation technologies and continuous expansion of oil & gas industry create a strong demand for environmental remediation for efficient industrial operations in the midst of COVID-19.
Oil & gas application to witness the highest CAGR in environmental remediation market during 2021–2026.
The environmental remediation market for oil & gas application is expected to grow with the highest CAGR during the forecast period, because of the high demand for remediation solutions to clean volatile organic compounds in this industry.Pollution is associated with different stages of oil and gas production including wastewater, gas emission, solid waste, and aerosols generated during production, and refining, as well as during transportation, when spillage of oil and petroleum products make take place.
Remediation technologies are used in the oil and gas industry to remove contaminants such as methane, propane, sulfur dioxide, volatile organic compounds, and other toxins.
North America is expected to hold a largest share of environmental remediation market by 2026. North America is home to some of the major players in the environmental remediation market, such as AECOM (US), Clean Harbors, Inc. (US), Golder Associates Corporation (Canada), Brisea Group, Inc. (US), Entact LLC (US), Terra Systems, Inc. (US), GEO Inc. (US), Newterra Ltd. (Canada), and Weber Ambential (Mexico). The rising adoption of environmental solutions and services and the presence of major companies have helped the growth of the market in this region. Government initiatives to curb pollution and increase the adoption of environmental solutions and services in the region are also fueling the growth of the market in North America.
Breakdown of profiles of primary participants: • By Company: Tier 1 = 45%, Tier 2 = 30%, and Tier 3 = 25% • By Designation: C-level Executives = 30%, Directors = 25%, Managers= 45% • By Region: North America = 45%, Europe = 30%, APAC = 20%, and RoW = 5%
Major players profiled in this report: • Clean Harbors, Inc. (US) • AECOM Technology (US) • DEME NV (Belgium) • Golder Associates Corporation (Canada) • Jacobs Engineering Group (US) • Brisea Group (US) • ENTACT, LLC (US) • Terra Systems (US) • Engineering and Maintenance Solutions (EMS) (Australia) • HDR, Inc. (US)
Research Coverage This report offers detailed insights into the environmental remediation market by environment medium, site type, technology, application, and region.Based on technology, the environmental remediation market has been segmented into air sparging, soil washing, chemical treatment, bioremediation, electrokinetic remediation, excavation, permeable reactive barriers, in-situ grouting, phytoremediation, pump and treat, soil vapor extraction, in-situ vitrification, and thermal treatment.
By site type, the environmental remediation market has been segmented into public and private.Based on environment medium, the environmental remediation market has been segmented into soil and groundwater.
On the basis of application, the environmental remediation market has been segmented into mining and forestry, oil & gas, agriculture, automotive, landfills and waste disposal sites, manufacturing, industrial, and chemical production/processing, and construction and land development. The study forecasts the size of the market in 4 regions—North America, Europe, APAC, and RoW.
Reasons to buy the report
The report would help market leaders/new entrants in this market in the following ways: 1. This report segments the environmental remediation market comprehensively and provides the closest approximations of the overall market’s size and its subsegments (across different site types, technologies, applications, and regions). 2. The report would help stakeholders understand the pulse of the market and provide them with information about key drivers, restraints, challenges, and opportunities. 3. This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business. The competitive landscape section includes competitor ecosystem and contracts, product launches, acquisitions, and partnerships carried out by major market players
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