Environmental Health and Safety (EHS) refers to a department in an organization which is solely engaged in activities related to health and safety. The EHS looks after all the undue causes which can affect the environment and risk workers life. The EHS follows all the best practices in order to eliminate the probability of occurring accidents. Rise in accidents at many places and sites such as at mining, oil and gas and chemical plants is a reason for rising demand of environmental health and safety market.
Market Analysis: Global EHS Market
Global EHS market is estimated to register a substantial CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the rise in investments by end-users, stringent government regulations and guidelines and increase in number of accidents such as at mining, oil and gas and chemical plants and many more.
Top Market Competitors:
Few of the major competitors currently working in the global EHS market are SAP SE, Enablon, EtQ LLC, Intelex, Gensuite, Enviance, Verisk 3E, VelocityEHS, Optial UK Ltd, Sphera, SiteHawk LLC, IBM Corporation, ProcessMAP, Tetra Tech, Inc, Golder Associates, Edwards health care services, AECOM, Cority, Intelex Technologies, UL LLC and others
Segmentation: Global EHS Market
- Global EHS Market By Component (Solution, Service)
- Verticals (Energy & Utilities, Chemicals & Materials, Healthcare, Construction & Engineering, Chemicals & Material, Food & Beverage, Government & Defense, Others)
- Application (Wastewater Management, Medical & Pharmaceutical Waste Management, Industrial Waste Management)
- Geography (North America, South America, Europe, Asia-Pacific and Middle East & Africa)
Market Drivers:
- Increase in number of accidents such as mining, oil and gas and chemical plants would enhance the market growth
- Stringent government regulations and guidelines can act as a catalyst for the market growth
- Rise in investments by end-users may boost the growth of this market
- Increase in awareness among organizations and employees regarding EHS can expand the market growth
Market Restraints:
- Lack of appropriate actions and standards might act as a hindrance to the market growth
- Poor implementation of regulations could shrink the market growth
- Complexity in auditing services acting as a threat for this market
The Detailed statistical analysis data is given or represented in Tabular format, Pie Charts, Graphs. Get Free Sample Report Copy of EHS Market @ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-ehs-market
Competitive Analysis
Global EHS market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of EHS market for Global, Europe, North America, Asia Pacific, South America and Middle East and Africa
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Market OverviewMarket Research Future (MRFR) has announced a new release on the global environment, health, and safety market.
The report looks into the market’s historical growth pattern and delivers a complete overview of the market’s likely growth trajectory over the 2018-2023 forecast period.
According to the report, the global environment, health, and safety market is expected to rise at a CAGR of 11.50% over the 2018-2023 forecast period, reaching a value of USD 8.09 billion.Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/press-release/environment-health-safety-marketThe environment, health, and safety market has been driven primarily by the growing awareness regarding the importance of environmental protection and the growing awareness regarding workplace safety.
Increasing number of accidents in workplaces have led to the formulation of strict health and safety policies, especially in industries such as energy and chemicals, where accidents can be highly dangerous.
At the same time, environmental protection has become a major feature of all industrial activities in recent years and is likely to remain a major target for companies operating in all verticals in the coming years, due to the strict government regulations being put in place to ensure the environmental viability of industrial processes.
This is likely to be the major driver for the global environment, health, and safety market over the forecast period.Segmental Analysis:The global Environment Health and Safety Global Market is segmented on the basis of component, service, vertical, and region.By component, the global environment, health, and safety market is divided into solutions and services.Of these, the services market is further categorized into project deployment and implementation services, regulatory compliance services, assessment, audits, business consulting and advisory services, certification services, data analytics services, and training and support services.By vertical, the global environment, health, and safety market is segmented into chemicals and materials, energy and utilities, construction and engineering, government and defense, healthcare, food and beverages, and others such as IT & telecom, automotive, and retail.Key Players:The prominent players in the market of EHS are – SAP (Germany), EtQ (US), Gensuite (US), Enablon (US), Intelex (Canada), Enviance (US), Verisk 3E (US), Sphera Solutions (US), Cority (Canada), and VelocityEHS (US).Optial (UK), and SiteHawk (US) are among the other players in this market.
According to a research report "EHS Market by Component, Service (Project Deployment and Implementation, Business Consulting and Advisory, Audit, Assessment, Regulatory Compliance), Deployment Mode (Cloud, On-Premises), Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets™, the Environment, Health, and Safety (EHS) market size expected to grow from USD 5.3 billion in 2019 to USD 8.6 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 10.2% during the forecast period.To reach new levels of efficiency, accuracy, and security, organizations need real-time visibility and stability in business operations.
It further assists organizations to comply with existing health and safety rules and regulations.
These features include environmental and occupational health management, energy and water management, waste management, air quality and compliance management, safety management, incident management and risk management, fire safety, and inventory management.The energy and utilities vertical to account for the largest market size during the forecast periodThe energy and utilities vertical has witnessed significant adoption of EHS solution because of the evolving EHS laws, regulations, and standards.
The energy and utilities vertical primarily includes natural gas, oil, nuclear power, coal, renewable energy, electricity, water, waste, and recycling sectors.North America to account for the highest market share during the forecast periodNorth America accounts for the highest market share in the EHS market.
The country leads in the adoption of EHS solution and services along with offering great opportunities for the overall growth of the EHS market.
Increasing government initiatives and programs are expected to drive the EHS market across North America.Speak to Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=59608773The major EHS market vendors include Enablon (France), VelocityEHS (US), Intelex (Canada), Gensuite (US), Cority (Canada), Quentic (Germany), Sphera (US), Enviance (US), ETQ (US), UL (US), SAP (Germany), DNV GL (Norway), SAI Global (US), Verisk 3E (US), Dakota Software (US), ProcessMAP (US), IsoMetrix (South Africa), Airsweb (England), SafetyCulture (Australia), ProntoForms (Canada), and Enhesa (US).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
According to a new market research report "EHS Market by Component, Service (Project Deployment and Implementation, Business Consulting and Advisory, Audit, Assessment, Regulatory Compliance), Deployment Mode (Cloud, On-Premises), Vertical, and Region - Global Forecast to 2024" published by MarketsandMarkets™, the Environment, Health, and Safety (EHS) market size expected to grow from USD 5.3 billion in 2019 to USD 8.6 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 10.2% during the forecast period.
The increasing business demand to enhance operational efficiency and stability is expected to make EHS a dominant model for organizations across all verticals in the near future.Browse in-depth TOC on "EHS Market”122- Tables26- Figures 161- PagesDownload PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=59608773Solution segment to account for the largest market size during the forecast periodThe EHS solution helps small to large enterprises manage incidents and maintain compliance across operational processes.
It further assists organizations to comply with existing health and safety rules and regulations.
These features include environmental and occupational health management, energy and water management, waste management, air quality and compliance management, safety management, incident management and risk management, fire safety, and inventory management.The energy and utilities vertical to account for the largest market size during the forecast periodThe energy and utilities vertical has witnessed significant adoption of EHS solution because of the evolving EHS laws, regulations, and standards.
The energy and utilities vertical primarily includes natural gas, oil, nuclear power, coal, renewable energy, electricity, water, waste, and recycling sectors.North America to account for the highest market share during the forecast periodNorth America accounts for the highest market share in the EHS market.
The country leads in the adoption of EHS solution and services along with offering great opportunities for the overall growth of the EHS market.
