Environment, Health and Safety Market Research Report By Component (solution and service), Vertical (energy & utilities, healthcare, food & beverage, chemicals & materials, construction & engineering, government, & others) — Forecast till 2030

Environment Health and Safety Market Overview

Environment, Health and Safety Market Size was valued at USD 6.45 billion in 2021. The Environment Health and Safety market industry is projected to grow from USD 7.02 Billion in 2022 to USD 12.72 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.90% during the forecast period (2022-2030).

The expanding government regulations in several economies are the key market drivers enhancing market growth.

Figure 1: Environment Health and Safety Market Size, 2022-2030 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Environment Health and Safety Market Trends

Growing awareness about environment to boost market growth

EHS software solutions help businesses maintain the environment, the natural environment in which they live, and the health and safety of their employees. Government enforcement of important environmental and worker safety legislation. State agencies, the Occupational Health and Safety Administration (OSHA), the Environmental Protection Agency (EPA), and the Department of Justice have regulations and procedures that businesses must follow regarding worker safety and the environment.

Businesses are under financial pressure from regulatory agencies to improve their operating processes and make them more environmentally friendly. In addition, management teams have been pressured to use EHS software solutions because of intensive scrutiny and stringent standards to reduce the frequency of workplace accidents. Organizations like the Food and Drug Administration (FDA), Occupational Safety and Health Administration (OSHA), and Environmental Compliance Certificate (ECC) have created important industry standards that businesses must follow. Businesses in all sectors must adhere to these severe government regulations to improve the environment's safety and their workers. Additionally, regulatory compliances compel companies to adhere to standards and regulations for all company activities. Therefore, such factors have enhanced the Environment Health and Safety market CAGR globally in recent years.

However, the increasingly stringent laws, regulations, standards, and procedures governing environmental protection, health, and safety in countries that manufacture chemicals is another factor driving the growth of the Environment Health and Safety market revenue.

Environment Health and Safety Market Segment Insights

Environment Health and Safety Component Insights

Components have bifurcated the environmental health and safety market data into solutions and services. The Solution segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. The development of advanced EHS software solutions, which aid in the efficient testing, monitoring, and analysis of operational parameters in end-use industries to ensure the safety of the surrounding environments and the personnel involved in the various operations, can be credited with this growth.

Throughout the forecast period, increasing government laws for environmental protection, particularly in the U.S. and Europe, are anticipated to boost the growth of the environmental health and safety (EHS) market. Over the past few decades, increasing public concern about environmental issues has resulted in significant changes to the laws governing how corporations affect the environment.

Figure 2: Environment Health and Safety Market, by Component, 2021 & 2030 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

The software was the fastest-growing segment. The Resource Conservation and Recovery Act and the Comprehensive Environmental Response Compensation and Liability Act are only two examples of the environmental laws that the EHS services and software help firms comply with. The EHS software's features connect the TRI-MEweb interface of the EPA with the emissions data. EHS software demand is anticipated to increase due to the strict requirements set forth by the Environment Canada/CEPA, EPA/RCRA, and European Hazardous Waste Directive.

Environment Health and Safety Application Insights

Based on Application, the Environment Health and Safety industry has been segmented into Energy & Utilities, Healthcare, food & beverage, chemicals & materials, construction & engineering, government, and others. Healthcare held the largest segment share in 2021. Development and implementation of compliance programs, evaluation and management of process safety, waste management, water quality, and EHS consulting services are all included in the services offered under EHS.EHS services offer mining firms technical and regulatory guidance, site auditing, and drilling and exploration support. EHS service providers also help clients by identifying and reporting the necessary adjustments to provide better results with less influence on the environment. These service providers also assist businesses in the energy sector in properly disposing of radioactive and industrial waste.

The fastest-growing segment in the Environment Health and Safety industry is construction. The construction industry's environmental health and safety system help companies create energy-efficient building models, efficiently utilize and integrate the local microclimate, update outmoded building systems, and minimize the waste produced.

Environment Health and Safety Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. North America Environment, Health, and Safety market accounted for USD 2.83 billion in 2021 and is expected to exhibit a significant CAGR growth during the study period. The existence of manufacturing centers like Mexico and a sizable number of big IT companies in the United States and Canada drives the North American market. The developed countries' increased understanding of sustainable development and the value of minimizing environmental effects is anticipated to increase demand for EHS services in this region.

Government agencies, including the United States Environmental Protection Agency (EPA), Occupational Safety and Health Administration (OSHA), and the United States Department of Labor create environmental, health, and safety norms and regulations. These firms provide a wide range of EHS services and software, including risk assessment, ergonomics, wastewater management, construction and engineering services, EHS management consulting & compliance, and ergonomics.

Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: ENVIRONMENT HEALTH AND SAFETY MARKET SHARE BY REGION 2021 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe's Environment, Health and Safety market accounts for the second-largest market share.EHS services and software use is expanding quickly in the European market to replace the take-make-dispose paradigm, increase the utilization of raw resources, and reduce waste generation. Further, the Germany Environment Health and Safety market held the largest market share, and the UK Environment Health and Safety market was the fastest-growing market in the European region.

The Asia-Pacific Environment Health and Safety Market is expected to grow at the fastest CAGR from 2022 to 2030. The pharmaceutical, mining, manufacturing, and construction industries are flourishing in Asia Pacific and widely utilizing EHS services and software. Moreover, China's Environment Health and Safety market held the largest market share, and the India Environment Health and Safety market was the fastest-growing market in the Asia-Pacific region.

Environment Health and Safety Key Market Players & Competitive Insights

The Environment Health and Safety market will expand even more due to major players investing heavily in R&D to expand their product ranges. In addition, market participants are launching key developments entering into contracts, acquiring companies, increasing investments, and working with other organizations, among other significant market changes, to expand their footprint. To grow and survive in a more cutthroat and competitive market climate, environmental health and safety competitors must provide affordable products.

One of the primary business strategies manufacturers adopt in the Environment Health and Safety industry to benefit clients and expand the market sector is manufacturing locally to reduce operating costs. In recent years, the Environment Health and Safety industry has provided some of the most significant benefits. In the Environment Health and Safety market, major players such as Gensuite, Cority, and others are working on expanding the market demand by investing in research and development activities.

A group of EHS experts in Bangalore and Mumbai, India, launched Gensuite operations in Asia in 2011. The team's history dates back to General Electric (GE) in the USA in 1998, when our CEO and Gensuite founder, a former compliance assurance leader at GE, developed HSE software solutions that 235+ subscribers currently use in over 40+ different business sectors. In October 2019, To complement its safety and environmental platform, Gensuite introduced the Gensuite Med Care framework, a complete and streamlined occupational health, and protection management program.

Also, Cority is a leader in worldwide enterprise EHS, Quality, and ESG software and solutions, having won awards and being acknowledged by the industry. In October 2019, By delivering the best-in-class turnkey employee health solutions, Cority hoped to offer a comprehensive solution for the healthcare industry and add value to healthcare organizations.

Key Companies in the Environment Health and Safety market includes

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  EHS are – SAP (Germany)

  
  


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  EtQ (US)

  
  


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  Gensuite (US)

  
  


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  Enablon (US)

  
  


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  Intelex (Canada)

  
  


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  Enviance (US)

  
  


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  Verisk 3E (US)

  
  


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  Sphera Solutions (US)

  
  


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  Cority (Canada)

  
  


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  VelocityEHS (US), among others

  
  

Environment Health and Safety Industry Developments

September 2020:The 12.0 platform, a new audit management tool from Quentic, offers greater adaptability for diverse audit scenarios. It is beneficial to clearly delineate who is responsible for conducting audits and managing the results afterward.

April 2020:ChemTel Inc., a provider of services for hazardous chemical transportation safety and compliance, was purchased by US-based VelocityEHS. Incorporating ChemTel's emergency response operations center and hazardous materials transportation consulting services helped the company boost its chemical and Safety Data Sheet (SDS) management platform.

Environment Health and Safety Market Segmentation

Environment Health and Safety Component Outlook

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  Solution

  
  


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  Services

  
  

Environment Health and Safety Application Outlook

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  Energy & utilities

  
  


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  Healthcare

  
  


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  Food & beverage

  
  


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  Chemicals & Materials

  
  


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  Construction & Engineering

  
  


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  Government

  
  


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  Others

  
  

Environment Health and Safety Regional Outlook