At 8.7% CAGR, Asia Pacific Environmental Consulting Services Market is Projected to be worth US$ 15,521.25 million by 2031, says Business Market Insights

According to Business Market Insights research, the Asia Pacific environmental consulting services market was valued at US$ 7,976.33 million in 2023 and is expected to reach US$ 15,521.25 million by 2031, registering a CAGR of 8.7% from 2023 to 2031. Rise in global pollution level and technological advancements in environmental consulting services are among the critical factors attributed to driving the Asia Pacific environmental consulting services market growth.

Governments of various countries impose strict laws and policies to address environmental concerns, such as pollution, climate change, and resource management; as a result, companies are hiring environmental consultants to navigate the complex regulatory landscape. These governments are enacting a wide range of environmental regulations aimed at reducing pollution, conserving resources, and mitigating climate change. A few of these laws and regulations cover different areas such as air and water quality, waste management, carbon emissions, and biodiversity protection. A few government-imposed laws are aimed at promoting resource efficiency, reducing waste, and enhancing sustainability in production processes. For example, in November 2021, the Government of India announced its plan to achieve net zero emissions by 2070. Environmental consultants help industries meet these sustainability goals by conducting audits and advising on energy-saving technologies. Thus, a rise in government regulations and laws for environmental protection boosts the environmental consulting services market growth.

On the contrary, the high cost of consulting services hampers the growth of Asia Pacific environmental consulting services market.

By service type, the Asia Pacific environmental consulting services market is segmented into investment assessment and auditing, permitting and compliance, project and information management, monitoring and testing, and others. The investment assessment and auditing held 29.6% share of Asia Pacific environmental consulting services market share in 2023, amassing US$ 2,364.57 million. It is projected to garner US$ 4,532.93 million by 2031 to register 8.5% CAGR during 2023–2031.

By media type, the Asia Pacific environmental consulting services market is segmented into water management, waste management, and others. The water management held 39.9% share of Asia Pacific environmental consulting services market share in 2023, amassing US$ 3,184.29 million. It is projected to garner US$ 6,548.87 million by 2031 to register 9.4% CAGR during 2023–2031.

By vertical, the Asia Pacific environmental consulting services market is segmented into energy and utilities, chemical and petroleum, manufacturing and process industries, transportation and construction industries, and others. The manufacturing and process industries held 27.2% share of Asia Pacific environmental consulting services market share in 2023, amassing US$ 2,173.04 million. It is projected to garner US$ 4,157.32 million by 2031 to register 8.4% CAGR during 2023–2031.

Based on country, the Asia Pacific environmental consulting services market is categorized into China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 40.7% share of Asia Pacific environmental consulting services market in 2023. It was assessed at US$ 3,249.56 million in 2023 and is likely to hit US$ 6,101.18 million by 2031, registering a CAGR of 8.2% during 2023–2031.

Key players operating in the environmental consulting services market are Aecom; Jacobs Solutions Inc Arcadis NV; Bechtel Corp; ERM Group, Inc.; Tetra Tech Inc.; Antea Group; Stantec Inc; Ramboll Group A/S; SLR Consulting; and WSP Global Inc, among others.

• In 2024: Jacobs announced the completion of the spin-off of its Critical Mission Solutions and Cyber & Intelligence government services businesses (the “Separated Business”) and merger with Amentum Parent Holdings LLC, forming an independent, publicly traded company called Amentum Holdings, Inc. (NYSE: AMTM) ("Amentum"). The combination creates a robust, leading government-advanced engineering and technology solutions business.

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