Environment Health and Safety Market

Request Discount

Environment Health and Safety Market (Component - Software, and Services; Deployment Mode - Cloud, and On-premises; Application - Medical & Pharmaceutical Waste Management, Industrial Waste Management, Wastewater Management, and Others; End User - Chemicals & Petrochemicals, Energy & Mining, Healthcare, Telecom & IT, Construction, Manufacturing, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : July, 2020

  • Rep Id : IA0095

  • Category : Industry Automation

  • Status : Published

A recent report published by Infinium Global Research on environment health and safety market provides an in-depth analysis of segments and sub-segments in the global as well as regional environment health and safety market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional environment health and safety market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global environment health and safety market. According to the report, the global environment health and safety market is projected to grow at a CAGR of 10.3% over the forecast period of 2020-2026.

 

Market Insight

Environment health and safety comprises of the processes, guidance, rules organized to help and protect the workplace environment. EHS system is primarily used by several organizations to ensure labor well-being and safety at the work location and to monitor environmental balance. Environmental Health and Safety resolutions are progressively developed to provide the necessities of the companies and are linked with the construction, mining, telecommunication, and chemical processes. The current concerns over the spread of coronavirus are creating a short-lived depressing impact on environment, health, and safety in the global market.

 

As the spread of COVID-19 is steadily rising, the environment, health, and safety market is experiencing reduced demand from end user industries as companies involved in environmentally sensitive operations such as refineries, mining, chemical facilities, oil and gas production, or plant manufacturing operations remain closed. This has also caused a significant impact on the company revenues and changed their growth trajectories, thereby causing decreased demand for EHS systems. This is expected to hinder the market for a short term. However, on the brighter side, environment, health and safety market will experience an upsurge the demand in the near future owing to increased health consciousness and safety requirement at work place. Moreover, COVID-19 can also be a great opportunity to surface gaps and build a work environment enabling greater risk management matu­rity and shift from traditional operational risk management (ORM) to intelligent risk management (IRM). Although these times bring huge uncertainty, they also present immense opportunities for innovation and transformation.  

 

Increasing demand from end user industries for improving operational efficiency, accuracy and safety is the key factor driving the growth of environment, health and safety market. Growing risk of environmental destruction at work locations has led to stricter policies and regulations across the globe. Further, stringency in laws and favourable government regulatory for maintaining environment health and processes related to safety at work location are the key contributing factors for the growth of EHS market. Further, rising need of real time visibility as well as environment sustainability in organization operation will augment the market growth. However, complexity associated to software and service will hinder the demand of EHS market. Furthermore, Emergence of IoT, big data and data analytics and growing adoption of advanced technology are anticipated to boost the demand of EHS market in the forecast period.

 

 

Geographically, North America held the largest share in Environment, health and safety market in 2019. The U.S. is the key revenue generator in North America Environment, health and safety market. Stringent government regulations for safe and healthy work environment and rising concerns for protection of workers and their health will increase demand for the environment, health and safety systems in this region. Moreover, the Asia Pacific region is anticipated to grow with the highest CAGR owing to availability of large number of manufacturing industries in countries such as China and India. Emerging markets with tremendous growth potential are also witnessing increasing focus of major market players on business expansion through mergers with and acquisitions with local players.

 

Segment Covered

The report on global environment health and safety market covers segments such as component, deployment mode, application, and end user. On the basis of component, the sub-markets include software, and services. On the basis of deployment mode, the sub-markets include cloud, and on-premises. On the basis of application, the sub-markets include medical & pharmaceutical waste management, industrial waste management, wastewater management, and others. On the basis of end user, the sub-markets include chemicals & petrochemicals, energy & mining, healthcare, telecom & IT, construction, manufacturing, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Intelex, ETQ, Gensuite, IHS Inc., 3E Company, International Finance Corporation, Enablon North America Corporation, SAP SE, UL LLC, and Medgate Inc.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of environment health and safety market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


Other Reports in This Category
24 hour delivery through email
9923950043 Monday to Frieday 9am-7pm
looking for discount