Market Size And Forecast: EHS Services 2023-2029
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Executive Summary
This report updates service providers with data on the size and growth of the EHS services market by region, service line and customer industry vertical from 2023 to 2029. The report builds on our 2023 iteration with a refreshed set of growth vectors driven by recent market-specific and macroeconomic trends. The study accounts for and is segmented into 13 service lines, which are broadly grouped into three categories: environmental field services; health and safety consulting; and digital EHS services. The Verdantix study finds that the EHS services market totalled $42.9 billion by the close of 2023. Between 2023 and 2029, the market is forecast to grow at a CAGR of 6.6%, reaching $63 billion in 2029.
Table of contents
Service providers remain a critical support mechanism for EHS compliance effortsGranular market sizing reflects revenues across 13 distinct EHS service lines
Environmental impact management drives the predominant portion of the $42.9 billion EHS services market spend
Demand for EHS services will grow as they become central to corporate sustainability and compliance
The EHS services market will grow at a CAGR of 6.6% to reach $63 billion in 2029
Table of figures
Figure 1. EHS service lines included in the market size and forecast studyFigure 2. Verdantix market size and forecast methodology
Figure 3. Risk levels for industries within the market size and forecast study
Figure 4. 2023 EHS services spend by high-level segment ($ million)
Figure 5. 2023 EHS services spend by service line ($ million)
Figure 6. 2023 EHS services spend by industry sector ($ million)
Figure 7. 2023 EHS services spend by region ($ million)
Figure 8. EHS services market spend forecast by service line, largest spend segments: 2023-2029 ($ million)
Figure 9. EHS services market spend forecast by service line, other segments: 2023-2029 ($ million)
Figure 10. EHS services market spend forecast by industry sector: 2023-2029 ($ million)
Figure 11. EHS services market spend forecast by region: 2023-2029 ($ million)
Organisations mentioned
AECOM, BP, Carbon Brief, ENGIE Hazelwood, Environmental Working Group (EWG), ERM, Google, International Monetary Fund (IMF), Malaysia Climate Change Action Council (MyCAC), Masdar City, Organisation for Economic Co-operation and Development (OECD), Oxford Economics, Taskforce for Nature-related Financial Disclosures (TNFD), UK Department for Energy Security and Net Zero (DESNZ), UK Environment Agency, US Department of Defense, US National Oceanic and Atmospheric Administration (NOAA), US Securities and Exchange Commission (SEC)About the authors
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