South & Central America Environmental Consulting Services Market Report (2021–2031) by Scope, Segmentation, Dynamics, and Competitive Analysis.

The South & Central America Environmental Consulting Services Market size is expected to reach US$ 1,915.26 million by 2031 from US$ 1,222.49 million in 2023. The market is estimated to record a CAGR of 5.8% from 2023 to 2031.

Executive Summary and South & Central America Environmental Consulting Services Market Analysis:

The environmental consulting services market in South America is growing significantly. The region is experiencing a surge in renewable energy investments, particularly in wind, solar, and hydropower projects. Brazil, for instance, has become a leader in renewable energy, with a significant portion of its energy mix coming from hydropower, wind, and solar. As per the report of the International Energy Agency (IEA), renewables (led by hydropower) generate 60% of the total electricity in SAM, twice the global average. At the same time, a few of the world's best solar and wind resources can be found in countries such as Mexico, Brazil, Argentina, and Chile. The use of bioenergy is extensive across the region, and it is a major exporter of biofuels. The shift toward renewable energy is creating opportunities for environmental consultants to provide services related to site assessments, environmental impact studies, and sustainable energy strategies in the coming years. In countries such as Argentina and Chile, environmental consultants are also helping companies direct the transition to cleaner energy sources, ensuring that renewable energy projects comply with environmental regulations while minimizing their impact on ecosystems and local communities. Therefore, the demand for environmental consulting services is increasing in the region, boosting the market growth.

South & Central America Environmental Consulting Services Market Strategic Insights

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South & Central America Environmental Consulting Services Market Segmentation Analysis

Key segments that contributed to the derivation of the South & Central America environmental consulting services market analysis are service type, media type, and vertical.

• By service type, the South & Central America 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 the largest share of the market in 2023.
• By media type, the South & Central America environmental consulting services market is segmented into water management, waste management, and others. The water management held the largest share of the market in 2023.
• By vertical, the South & Central America environmental consulting services market is segmented into energy and utilities, chemical and petroleum, manufacturing and process industries, transportation and construction industries, and others. The others held the largest share of the market in 2023.

South & Central America Environmental Consulting Services Market Outlook

Pollution, including air, water, and soil pollution, is one of the major issues of various industries across the globe. The burning of fossil fuels for transportation, energy, and industrial processes releases a substantial amount of pollutants, including particulate matter (PM), sulfur dioxide (SO2), nitrogen oxides (NOx), and volatile organic compounds (VOCs). In many urban areas, emissions from vehicles and industries continue to rise. At the same time, the global economy depends on intensely intertwined supply chains, sustained by more than 100 billion metric ton of raw materials entering the system every year. Intensive material consumption reduces natural resources and causes adverse environmental impacts at every stage of the product lifecycle, including production, use phase, and end-of-life. Total waste generated across the globe is expected to reach 3.4 billion metric ton by 2050, according to the report of the World Bank. With pollution control regulations becoming more stringent worldwide, environmental consultancy services are essential for ensuring compliance, preventing fines, and avoiding legal penalties. Further, as pollution continues to harm ecosystems and public health, businesses are increasingly required to assess and manage the health risks associated with their impact on the environment. Environmental consultants play a critical role in conducting environmental and health risk assessments, identifying pollution sources, and recommending ways to mitigate negative impacts. These consultants offer vital expertise in pollution monitoring, waste management, remediation, and regulatory compliance. Thus, the rise in pollution levels across the globe is expected to open lucrative opportunities for the environmental consulting services market growth during the forecast period.

South & Central America Environmental Consulting Services Market Country Insights

Based on Country, the South & Central America environmental consulting services market comprises Brazil and the Rest of South & Central America. Brazil held the largest share in 2023.

According to the International Trade Administration, with the seventh-largest energy-producing capacity in the world, Brazil is the largest electricity market in South America and the sixth-largest consumer electricity market worldwide. In Brazil, the share of the renewable energy sector in the electrical matrix is 83%, compared to the global average of ~25%. Through private investment, the renewable energy sector has grown steadily over time. In the upcoming decade, regulatory frameworks for offshore wind power projects, hydrogen production, power storage, and green fuels will be developed. Further, various companies in Brazil are taking initiatives that contribute to renewable energy investments, particularly in wind, solar, and hydropower projects. For instance, in August 2024, ArcelorMittal Brazil signed contracts for the development of two solar energy projects with a combined capacity of 465MW or 14% of its current electricity requirements. Thus, the shift toward renewable energy is likely to create opportunities for environmental consultants in the country to provide services related to site assessments, environmental impact studies, and sustainable energy strategies during the forecast period.

South & Central America Environmental Consulting Services Market Report Highlights

South & Central America Environmental Consulting Services Market Company Profiles

Some of the key players operating in the market include 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. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.

South & Central America Environmental Consulting Services Market Research Methodology :

The following methodology has been followed for the collection and analysis of data presented in this report:

• Secondary Research

The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:

• Company websites, annual reports, financial statements, broker analyses, and investor presentations.
• Industry trade journals and other relevant publications.
• Government documents, statistical databases, and market reports.
• News articles, press releases, and webcasts specific to companies operating in the market.

Note: All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.

• Primary Research

The Insight Partners’ conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis and gain valuable insights. These research interviews are designed to:

• Validate and refine findings from secondary research.
• Enhance the expertise and market understanding of the analysis team.
• Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects.

Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:

• Industry stakeholders: Vice Presidents, business development managers, market intelligence managers, and national sales managers
• External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise

South & Central America Environmental Consulting Services Market Country and Regional Insights