North America Environmental Consulting Services Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Service Type, Media Type, and Vertical

Investment Assessment & Auditing Segment to Dominate North America Environmental Consulting Services Market during 2020-2028

According to this research study titled “North America Environmental Consulting Services Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Service Type, Media Type, and Vertical,” the market is expected to reach US$ 22,403.49 million by 2028 from US$ 16,486.67 million in 2021. The market is estimated to grow at a CAGR of 4.5% from 2021 to 2028. The report provides trends prevailing in the North America environmental consulting services market along with the drivers and restraints pertaining to the market growth. Growing consciousness among industries regarding environmental impact is the major factor driving the growth of the North America environmental consulting services market. However, issues associated with regulatory compliance not taken seriously hinders the growth of North America environmental consulting services market.

The North America environmental consulting services market is segmented into service type, media type, and vertical. The North America environmental consulting services market, by service type, is segmented into investment assessment & auditing, permitting & compliance, project & information management, monitoring & testing, and others. Investment assessment & auditing segment held the largest market share in 2020. The North America environmental consulting services market, by media type, is segmented into water management, waste management, and others. Water management segment held the largest market share in 2020. The North America environmental consulting services market, by vertical, is segmented into energy & utilities, chemicals & petroleum industries, manufacturing & process industries, transportation & construction sectors, and others. Energy and utilities segment held the largest market share in 2020.

The ongoing COVID-19 pandemic is having devastating impact on North America. The US is the most affected country in the region. The growing number of COVID-19 confirmed cases has led the government to impose various containment measure such as shut down of factory, restrictions on travel, closure of international borders, and lockdowns. The rapidly increasing number of confirmed cases and rising reported deaths in the country is adversely affecting both manufacturing and sales of materials. In addition, the company is minimizing the allocated budget for the manufacturing of industrial machineries owing to economic slowdown, which is negatively affecting the global environmental concerns. The region is expecting market recovery and economic improvement with the implementation of COVID-19 vaccination. Due to supply chain delays and disruption caused, the procurement and distribution of environmental consulting services are negatively impacted.

AECOM, Antea Group, Arcadis N.V., Bechtel Corporation, ERM Group, Inc., Golder Associates, Jacobs Engineering Group Inc., John Wood Group PLC, Ramboll Group A/S, SLR Consulting, Stantec Inc., and Tetra Tech Inc. are among the leading companies in the North America environmental consulting services market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Tetra Tech Inc. announced it a signed contract with U.S. Army Corps of Engineers, under the 5-year contract Tetra Tech Inc. will provide its environmental services to U.S. Army Corps of Engineers to support facilities throughout the US.