SAN FRANCISCO, January 18, 2017 /PRNewswire/ --
The global environmental health and safety market is expected to reach USD 96.18 billion by 2025, according to a new report by Grand View Research, Inc. The increasing number of regulations imposed by environmental protection and governmental agencies worldwide is expected to be one of the major factors driving demand during the forecast period.
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Economic slowdown in several parts of the globe has led to significant corporate restructuring, plant closures, and mothballing. These business decisions are, however, made taking into consideration the various environmental challenges posed by these decisions. There is an increasing need for minimizing environmental liabilities and eliminating long-term risks.
These factors have led several agencies and governmental organizations to impose stringent compliance requirements across industries, with regards to ecological conservation, and safety and health of personnel. This trend is mainly being witnessed in the North American region, followed by Asia Pacific.
There are various safety hazards in core industries such as energy & mining, construction, etc., which pose several challenges in the form of ecological contamination, injuries to personnel, and personnel deaths. For instance, the oil & gas industry globally is faced with hazards such as explosions, fires, vehicle accidents, and caught-in or caught-between accidents caused by moving equipment, high-pressure lines, and falling equipment.
As a result of the aforementioned factors, companies across core industries such as chemicals, petrochemicals, energy & mining, construction, manufacturing, healthcare, and telecommunications are being increasingly pressurized to comply with the various regulations put forth by governmental agencies to ensure environmental and worker health and safety.
Browse full research report with TOC on "Environmental Health And Safety Market Analysis By Product (Software, Services), By Application (Medical & Pharmaceutical Waste Management, Industrial Waste Management, Waste Water Management), By End Use, And Segment Forecasts, 2014 - 2025" at: http://www.grandviewresearch.com/industry-analysis/environmental-health-and-safety-market
Further key findings from the report suggest
Browse related reports by Grand View Research:
Grand View Research has segmented the global environmental health and safety market on the basis of product, application, end-use and region:
Read Our Blogs - Environmental Health & Safety (EHS) Market: Favorable governmental regulations to drive demand growth
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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Grand View Research, Inc
Phone: 1-415-349-0058
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Email: sales@grandviewresearch.com
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