About Environment Health and Safety
Environment, Health, and Safety which is also known as ‘EHS’ is a distinctiveness as well as a discipline that implements as well as studies practical aspects of environmental protection and safety at work. In simple words, Organizations should possess the primary objective that they shouldn’t be violating the Environmental Health and Safety Regulations. All the Organizations from the United States are subjected to EHS regulations in the Code of Federal Regulations.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Million) |
CAGR | 12.3% |
Environment Health and Safety is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Environment Health and Safety market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
SAP SE (Germany), Enablon (France), ETG Management Consultants, LLC. (United States), Intelex Technologies Inc. (United States), Gensuite (United States), Enviance (United States), Cority (Canada), Verisk 3E (United States), VelocityEHS (United States) and Optial UK Ltd (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Sphera So (United States) and Sitehawk (United States).
Segmentation Overview
AMA Research has segmented the market of Global Environment Health and Safety market by Type (EHS Software and EHS Services), Application (Chemical and Petrochemical, Energy and Mining, Construction, Agriculture, Transportation, Manufacturing, Retail, Healthcare, Telecom & IT and Others) and Region.
On the basis of geography, the market of Environment Health and Safety has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2023. North America, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by EHS Software, the sub-segment i.e. Quality and Risk Assessment will boost the Environment Health and Safety market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by EHS Services, the sub-segment i.e. Consulting will boost the Environment Health and Safety market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rapid Dictation on Environmental Health and Safety in Developing Regions and Rising Adoption of Highly Automated EHS IoT Based as well as Artificially Intelligent Applications
Market Growth Drivers:
Increasing Prevalence of Environmental Accidents in Number of Industries and Efficiently Assists in Industrial Waste Management
Challenges:
Extremely Complex as well as Overpriced Auditing Procedures and Lack of Demand from Underdeveloped Regions
Restraints:
Stringent Government Regulations and Statuses to comply with Environmental Health and Safety Standards and Higher Initial Establishment Cost
Opportunities:
Affordable Solutions Introduced By Government Bodies and Acceptance of International Standards in the Emerging Economies for Numerous Applications
Market Leaders and their expansionary development strategies
In November 2018, SAP SE has announced an acquisition of Contextor SAS which is a European leader in the integration and design of RPA (Robotic Process Automation), to help SAP SE in boosting the development and expansion of its SAP Leonardo Machine Learning portfolio.
In October 2023, Health and Safety (EHS) processes allowing organizations to proactively identify and mitigate risks related to environmental, health, and safety issues. The system also allows the identification and assessment of hazards, the implementation of preventive measures, and the monitoring of risk controls. This helps organizations to reduce incidents, injuries, and environmental impacts.
In 2011, Safe Work Australia has developed a single set of WHS laws to be implemented across Australia. These are known as ‘model’ laws. For the model WHS laws to become legal binding, the Commonwealth, states and territories must separately implement them as their own laws. WHS regulators are responsible for regulating and enforcing the laws in their jurisdictions. The model WHS laws have been implemented in the Australian Capital Territory, New South Wales, the Northern Territory, Queensland, South Australia, Tasmania and the Commonwealth. Some jurisdictions have made minor variations to make sure the legislation is consistent with their relevant drafting protocols and other laws and processes.
Key Target Audience
Environment Health and Safety Service Providers, Environmental Health and Safety Standards Regulators, Private Consultancies, Government Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.