Asian environmental consulting services market is the third largest in the world. It currently has about 13.0% share of the global environmental consulting services market. The market in Asia grew at a CAGR of 1.3% in the historic period and is expected to grow at a CAGR of 1.5 % in the forecast period. This is mainly due to its large manufacturing base, which is driving the demand for environmental consulting services market in the region.
Asia is one of the fastest growing major economy with a large presence of manufacturing, oil and gas and mining industries. There is a rising demand for environmental consulting services due to various existing and future infrastructure, mining and power projects being planned in the country. There is a scope for environmental services such as pollution control, removal of pollutants, waste treatment, energy conservation, clean production, recycling and recovery of waste resource . The demand for environmental consulting services is supported by the Asian governments’ focus on pollution control to eradicate instances such as smog arising out of rapid urbanization.
Major areas where there are significant opportunities for environmental consulting services to grow are waste water treatment, chemicals, manufacturing and food processing industries. These industries drive demand for environmental consulting services in site remediation, safety assessment, quality control assessment, environmental impact assessment, solid and waste water management services. Opportunities also exists in hazardous waste treatment and other pollution remediation.
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Policy towards private enterprise and competition 2018-19: The government pursues some liberalising reforms and scales back public stakes in some "non-strategic" firms. Progress is made in lowering barriers of entry to sheltered sectors, despite continued public and trade union resistance.
Policy towards private enterprise and competition 2018-19: Terms for infrastructure concessions become more attractive. Oil sector opened up to greater competition. 2020-22: Improvements to regulatory agencies strengthen enforcement of competition policy. Red tape persists.
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