Environmental Impact Assessments Market Report 2024

This Environmental Impact Assessments market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The environmental impact assessments market size has grown rapidly in recent years. It will grow from $30.19 billion in 2023 to $38.56 billion in 2024 at a compound annual growth rate (CAGR) of 27.7%. The growth during the historic period can be attributed to the increasing regulatory and public focus on sustainability, rising public concern over environmental degradation, the rapid pace of industrialization and urbanization, growing awareness of climate change and environmental pollution, and heightened government regulations on environmental protection.

The environmental impact assessments market size is expected to see exponential growth in the next few years. It will grow to $103.44 billion in 2028 at a compound annual growth rate (CAGR) of 28%. The growth during the forecast period can be attributed to the rising demand for sustainable development, increased investments in clean energy projects, growing demand from various sectors such as oil and gas, a heightened emphasis on corporate social responsibility (CSR), and a growing need for environmental services from the private sector. Major trends in this period include the integration of advanced technologies, innovative approaches to environmental impact assessments, the incorporation of artificial intelligence (AI) in assessments, advancements such as cloud computing and geographic information system (GIS) mapping, and the development of technologies that enhance data collection and processing capabilities.

The growing investments in renewable energy are expected to drive the expansion of the environmental impact assessment market. Renewable energy is derived from natural sources that are continually replenished. The increase in renewable energy investments is fueled by heightened awareness and urgency around climate change, the rising cost of renewable energy technologies, and the growth of green bonds and other financial instruments. Environmental impact assessments are vital for renewable energy projects as they evaluate the potential environmental effects of proposed developments, ensuring that projects are environmentally sustainable, socially acceptable, and compliant with regulatory standards. For example, the International Energy Agency’s World Energy Investment 2024 report projects global energy investment to exceed $3 trillion for the first time in 2024, with approximately $2 trillion allocated to clean energy technologies. China is expected to lead clean energy investments with an estimated $675 billion, followed by Europe with $370 billion and the United States with $315 billion. Thus, the increasing investments in renewable energy are driving the growth of the environmental impact assessment market.

Key companies in the environmental impact assessment market are focusing on developing innovative products, such as radiological and environmental impact assessments, to improve precision, efficiency, and comprehensiveness in evaluating the potential environmental and radiological impacts of various projects and activities. Radiological and Environmental Impact Assessments (REIA) involve comprehensive evaluations aimed at understanding and mitigating the impacts of projects involving radioactive materials or radiation on the environment and public health. For instance, in September 2021, the International Atomic Energy Agency (IAEA), based in Austria, launched the Methods for Radiological and Environmental Impact Assessment (MEREIA) program. MEREIA supports countries in applying assessment methodologies, conceptual models, mathematical models, and data within the broader environmental impact assessment framework. It enhances resources in countries by offering advanced modeling capabilities and a mentoring approach to improve knowledge management, targeting professionals from regulatory agencies, operating organizations, technical support bodies, scientists, researchers, and decision-makers involved in radiological environmental impact assessments.

In July 2023, DNV, a Norway-based quality assurance and risk management company, acquired Enviroguide Consulting, an Ireland-based environmental consultancy, for an undisclosed amount. This acquisition aims to strengthen DNV’s presence in the region and expand its portfolio of environmental solutions in response to growing sustainability challenges.

Major companies operating in the environmental impact assessments market are AECOM Technology Corporation, Bureau Veritas SA, Stantec Inc., GHD Group, Bidwells LLP, BRE Group, BMT Group Ltd., JBA Consulting, OCA Global Corporate Service S.A., Intertek Group PLC, Aspen Environmental Group, KERAMIDA Inc., Millennium EMS Solutions Ltd., Cholamandalam MS Risk Services Ltd., CSA Ocean Sciences Inc., Japan NUS Co. Ltd., EnviroCentre Limited, NGH Environmental Pty Ltd., Enviro-Sciences Inc., WRA Inc.

North America was the largest region in the environmental impact assessments market in 2023. The regions covered in the environmental impact assessments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the environmental impact assessments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Environmental impact assessment (EIA) is a systematic process used to evaluate the potential ecological effects of a proposed project or development before any decisions are made. The primary aim of EIA is to ensure that environmental impacts are considered alongside economic and social factors during the project planning and design stages.

The key types of environmental impact assessments include hydrogeology, hydrology, contaminated land, geo-conservation, and geotechnical engineering. Hydrogeology focuses on the distribution and movement of groundwater in the Earth's soil and rocks. Various assessment methods include screening, scoping, EIA reports, review, and monitoring. These methods are applied in different contexts, such as governmental, industrial, commercial, residential, and infrastructure projects.

The environmental impact assessments market research report is one of a series of new reports that provides environmental impact assessments market statistics, including environmental impact assessments industry global market size, regional shares, competitors with an environmental impact assessments market share, detailed environmental impact assessments market segments, market trends, and opportunities, and any further data you may need to thrive in the environmental impact assessments industry. This environmental impact assessment research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The environmental impact assessments market includes revenues earned by entities by strategic environmental assessment, cumulative environmental assessment, regional environmental assessment, project-level environmental impact assessment, environmental site assessment, and social impact assessment. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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