Environmental Consulting in the US - Industry Market Research Report

Environmental Consulting in the US - Industry Market Research Report
Environmental Consulting in the US

Revenue for the Environmental Consulting industry has been volatile over the past five years. Increasing concerns for environmental sustainability and rising construction activity, which benefited the industry, were somewhat mitigated by the economic slowdown that occurred during the COVID-19 (coronavirus) pandemic. Moreover, weak nonresidential construction during the pandemic placed downward pressure on industry demand and revenue. Nonetheless, industry revenue has increased at a CAGR of 1.0% to $25.1 billion over the past five years, including a projected rise of 0.5% in 2023 alone amid rising corporate profit and an anticipated increase in the value of nonresidential construction. Rising interest rates in 2023 are anticipated to decelerate revenue growth.

This industry provides advice to businesses and federal governments on environmental issues, such as controlling environmental contamination from pollutants, toxic substances and hazardous materials. Environmental consultants identify problems, measure and evaluate risks and recommend solutions. The industry employs a multidisciplined staff of scientists, engineers and other technicians.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.