Environment Health & Safety Market Analysis Report On The Basis Of Product, Application, End Use, Region And Forecast 2027

22/giu/2020 13:48:06 Grand View Research Contatta l'autore

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Environment Health & Safety Market

San Francisco, 22 June 2020: The Report Environment Health & Safety Market Size, Share & Trends Analysis Report By Product, By End Use, By Application (Industrial Waste Management, Wastewater Management), And Segment Forecasts, 2020 – 2027

The global environment health & safety market size is expected to reach USD 88.39 billion by 2027, according to a new report by Grand View Research, Inc. It is projected to witness a CAGR of 6.9% during the forecast period. Rising public awareness regarding environmental issues over the past few years has resulted in the development of environment protection laws which is expected to drive the market growth.

The EHS (environment health & safety) services and software aid companies to meet the standards established by environmental bodies such as Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) and Resource Conservation and Recovery Act (RCRA). Increasing pressure from society and the government on companies to operate in an environment-friendly manner owing to the rising awareness regarding the negative implications of pollution is likely to fuel the growth of the EHS market.

COVID-19 pandemic has caused slowdown in global construction industry, as it caused labor shortages, disrupted supply chains and severe financing pressure due to non-completion of projects. This has affected environmental health & safety market all over the world.

Pre COVID-19 Factors

  • Growing concern about working conditions and labor lives makes it important for the countries to draw up regulations. These regulations have been proved to be a boosting factor the growth of environmental health and safety market.
  • Multiple benefits of these EHS services and software such as being a helping hand in streamlining waste management of these companies, along with making the workplace safe for workers and improving the efficiency of companies, plays a crucial role in growing the demand for the market.
  • EHS mobile applications are being developed in the market. This will play a crucial role in raising the demand in the market; also it will keep the growth ticking after the pandemic subsides.

Access Research Report of Environment Health & Safety Market @ https://www.grandviewresearch.com/industry-analysis/environmental-health-and-safety-market

Some recent Developments in Environment Health & Safety Market

  • In January 2020, Wolters Kluwer Legal & Regulatory announced that it has signed an agreement to acquire CGE Risk Management Solutions B.V. (CGE), a leading provider of risk management software, including the industry-standard BowTieXP solution. The acquisition will extend Wolters Kluwer’s presence in the growing operational risk management software market.
  • In 2018, eVision, which had $25 million in 2017 revenues, becomes part of the Enablon business unit. eVison is an operational risk management(ORM) software vendor. This makes it important for the growth of Wolters Kluwer Legal & Regulatory company.
  • On april 2020, AECOM and WSP Halt Talks to Create Megafirm.

COVID-199 becomes the apparent reason for the firms to take the step, as the pandemic is causing global slowdown and effects on the economies are huge and the firms require time to assess the situation, before culminating the acquisition.

  • In 2018, Enablon, a Wolters Kluwer business and a world leader in EHS and Operational Risk Management software, has been named as the Best Compliance Solution in the 2018 SIIA CODiE Awards. The prestigious award recognizes the best products, technologies, and services in software, information and business technology.This is beneficial for the business and validation of the work done by the country, leading to greater demand.

Access Press Release of Environment Health & Safety Market @ https://www.grandviewresearch.com/press-release/global-environmental-health-and-safety-market

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