Environment, Health, and Safety (EHS) Market Size Worth USD 12.72 Billion at A 8.90% CAGR by 2030 – Report by Market Research Future (MRFR)

Market Research Future Insights

According to a Comprehensive Research Report by Market Research Future (MRFR), the Environment, Health, and Safety (EHS) Market size is anticipated to increase from $7.02 billion in 2022 to $12.72 billion in 2030, expanding at a compound annual growth rate (CAGR) of 8.90% over the projection period (2022-2030). The rising need for EHS consulting services is another factor driving the EHS market. Businesses may assess their EHS risks, create and implement EHS plans, and adhere to environmental and safety standards with the assistance of EHS consulting organizations. As organizations realize the value of EHS, the need for EHS consulting services is anticipated to increase over the next years.

Although the EHS market is difficult and complicated, it also presents many opportunities for companies that can properly traverse it. Businesses may position themselves to take advantage of the opportunities that are available and to reduce the risks by knowing the key trends and drivers in the market.

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Increasing government oversight of environmental protection will accelerate market expansion.

The EHS market is predicted to profit from rising environmental protection legislation throughout the course of the forecast period, particularly in the US and Europe. The increase in global environmental bilateral and multilateral agreements shows that environmental impact is receiving more attention. The regulations controlling how corporations influence the environment have undergone substantial modifications in recent decades as a result of growing public concern about environmental issues.

EHS Market Key Players

Eminent market players profiled in the global EHS market report include:

• SAP (Germany)
• EtQ (US)
• Gensuite (US)
• Enablon (US)
• Intelex (Canada)
• Enviance (US)
• Verisk 3E (US)
• Sphera Solutions (US
• Cority (Canada)
• VelocityEHS (US)

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EHS Market Report Scope:

Opportunities

Increase in Connected Devices to offer Robust Opportunities

The rise in linked devices is creating the chance for these useful tools to make controlling EHS easier and boost its market demand. Embracing IIOT for EHS and improving EHS management practices can help to lessen the risk of occupational injuries and negative environmental effects.

Challenges and Constraints

EHS software’s high price will restrain market growth.

Over the course of the projection period, market growth may be constrained by factors such as the high price of EHS software, a lack of skilled workers, and insufficient regulatory framework in developing countries.

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Market Segmentation

The global EHS market is bifurcated based on vertical and component.
By component, service will lead the market over the forecast period.
By vertical, energy and utilities will domineer the market over the forecast period.

Regional Analysis

North America to Command EHS Market

It is expected that the North American market, with sales of USD 2.83 billion in 2021, will grow at a significant CAGR over the research period. The existence of manufacturing centers like Mexico and a sizable number of important large IT enterprises in the US and Canada are what propel the North American market. As developed countries become more aware of sustainable development and the significance of decreasing environmental effects, there will likely be an increase in the need for EHS services in this region.

APAC to Have Admirable Growth in EHS Market

The market for environment, health, and safety is expected to grow at the greatest CAGR in Asia-Pacific between 2022 and 2030. Businesses in the industrial, mining, pharmaceutical, and construction industries are booming throughout Asia Pacific and widely utilizing EHS services and software. In the Asia-Pacific area, the market for environment, health, and safety expanded the fastest in India, while China had the largest market share.

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