Environmental Consulting Services Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 4/3/2017
SIC Codes: 8748, 8999
NAICS Codes: 541620
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Environmental Consulting Services Industry Profile

Companies in this industry provide advice and assistance to businesses and other organizations on environmental issues. Major US-based companies include Veolia Environmental Services North America and Tetra Tech, as well as the environmental and consulting divisions of large engineering and construction firms such as AECOM, Bechtel, and CH2M HILL. Other major companies include Amec Foster Wheeler (based in the UK), Arcadis (the Netherlands), Environmental Resources Management (the UK), and Golder Associates (Canada).

Worldwide, the environmental consulting industry generates about $27 billion in revenue annually, according to Environment Analyst. Growth is expected to come from Africa, China, India, and Southeast Asia. The US and Western Europe are major markets for environmental consulting services but are seeing slow growth in demand.

The US environmental consulting services industry includes about 10,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $15 billion.

COMPETITIVE LANDSCAPE

Demand is driven by the needs of businesses and government agencies to comply with new, existing or anticipated environmental laws and regulations. The profitability of an individual company depends on its ability to accurately predict project costs and to secure contracts with large organizations such as the US government. Large firms have the advantage of providing a wide range of environmental expertise and can thus offer "one-stop shopping" for clients. Small firms are able to compete by specializing in regional markets or particular areas of expertise. The ...

 
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