Press release
Site Remediation Consulting Services Market 2024: Size, Share, Trends, Key Players, Application, Growth And Analysis
Site Remediation Consulting Services Market
The site remediation consulting services market size is expected to see steady growth in the next few years. It will grow to $19.68 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to sustainable remediation practices ,urban redevelopment initiatives, government initiatives, brownfield revitalization, data analytics and site characterization. Major trends in the forecast period include adoption of green technologies, community engagement, remediation in real estate development, advanced monitoring technologies, recovery and reuse strategies.
Market Overview -
Site remediation consulting services refers to the systematic steps of detecting, investigating, and assessing the hazards of suspected contaminated sites, reversing harmful changes in the soil, eliminating site pollution, and implementing follow-up measures.
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Environmental Challenges Spark Demand For Site Remediation Consulting Service
The rapid rise in air and water pollution levels over the last decade and the increase in natural calamities such as floods, earthquakes, and landslides globally are driving the demand for site remediation consulting services. There has been an increase in the scope for ecological restoration and site remediation consulting services due to the rise in natural calamities such as tsunamis, hurricanes, and earthquakes. For instance, in 2021, according to the National Oceanic and Atmospheric Administration, United States suffered $145 billion in damages due to weather disasters. Floods on the Mississippi, Missouri, and Arkansas rivers were three of them. Flooding affected over 14 million people this year, with an additional 200 million at risk.
Competitive Landscape -
Major companies operating in the site remediation consulting services market include Tetra Tech Inc, Environmental Resources Management, AECOM Technical Services Inc., CH2M Hill Companies Inc., Arcadis U.S. Inc., Clean Harbors Environmental Services Inc., Veolia ES Solid Waste Inc., Golder Associates Inc., Wood Environment & Infrastructure Solutions Inc., Jacobs Engineering Group Inc., Stantec Consulting Services Inc., SNC-Lavalin Group Inc., WSP Global Inc., Ramboll Group A/S, Cardno Limited, SLR Consulting Limited, Antea Group USA Inc., Terracon Consultants Inc., TRC Companies Inc., AMEC Foster Wheeler Environment & Infrastructure Inc., HDR Inc, Black & Veatch, GHD Group, ERM Group Inc, Weston Solutions Inc, Haley & Aldrich Inc, Kleinfelder Inc, Michael Baker International Inc, EA Engineering Science & Technology Inc, Langan Engineering and Environmental Services Inc
Pedro Resources Ltd. And Fixed Earth Innovations Ltd. Join Forces For Innovative Biotechnology Solutions In Site Remediation Consulting Service
Major companies operating in the site remediation consulting services market are focusing on strategic partnerships like Pedro Resources Ltd.'s collaboration with Fixed Earth Innovations Ltd. to better meet the needs of their existing consumers. The partnership between Pedro Resources Ltd. and Fixed Earth Innovations Ltd. is intended to result in the development of new biotechnology solutions for polluted site rehabilitation. For instance, in July 2023, Pedro Resources Ltd., a Canada-based company of environmental and remediation services, announced a collaboration with Fixed Earth Innovations Ltd. Pedro and FEI have agreed to work together on the research and use of biotechnology for pollution cleanup in resource extraction operations, including mining. Under the CA Pedro, FEI will work on the creation of heat-tolerant microorganisms, metal remediation microbes, tetrachloroethylene (also known as PERCs or PCEs), and poly and perfluoroalkyl substances (PFAS, sometimes known as ""forever chemicals""). Fixed Earth Innovations Ltd. is a US-based private biotechnology firm specializing in the discovery, evaluation, and deployment of microorganisms for use in remediation.
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Key Segments -
The site remediation consulting services market covered in this report is segmented -
1) By Type: Bioremediation, Pump & treat, In situ vitrification, Thermal treatment, Chemical treatment, Excavation, Soil washing, Other Types
2) By Service: Remediation Services, Soil Remediation Services, Water Remediation Services
3) By Application: Waste disposal sites, Oil & gas, Mining, Chemical & Petrochemical, Manufacturing, Agriculture, Construction, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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