|Last Quarterly Update:||12/12/2016|
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Companies in this industry provide remediation services for contaminated buildings, mine sites, soil, or groundwater, as well as mine reclamation and asbestos and other toxic material abatement. Major companies in this industry include Northstar Group Services and Brown and Caldwell (both based in the US), and Environmental Resources Management (UK). Other companies include the remediation divisions of large environmental consulting firms, such as US-based Tetra Tech and Veolia Environmental Services North America, and divisions of engineering and construction firms, such as US-based Bechtel and Parsons.
Worldwide, the remediation and cleanup services industry generates about $60 billion in revenue, according to BCC Research. Due to access to advanced technology, developed countries account for most of the world's remediation services. The largest markets are the US, Western Europe, and Japan.
The US remediation and environmental cleanup services industry includes about 4,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $14 billion.
Environmental consulting, which includes site remediation, is covered in a separate industry profile. Waste collection is covered in the Waste Management Services industry profile.
Demand is driven by the needs of businesses and government agencies to comply with environmental cleanup laws. The profitability of an individual company depends on its ability to accurately predict cleanup costs and to secure contracts with large organizations such as the US government. Large firms have the advantage of providing ...
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