April 23, 2018
WELLESLEY, Mass., April 23, 2018–Rapid population growth, increased government regulations, the popularity of recycled products and heightened industrial and municipal waste are all helping to drive the global water and waste management consulting services market forward, according to a report by BCC Research.
The industry is expected to see a compound annual growth rate (CAGR) of 5.7% through 2022 to a value of $10.4 billion, according to the report Water and Waste Management Consulting Services: Global Markets to 2022.
Major players in the market include AECOM, Tetra Tech Inc., Arcadis NV, WorleyParsons Ltd. and Stantec.
“The water and waste management consulting services market has benefitted from tightening regulations to deal with water pollution and the environmental hazards associated with solid waste,” said Gordon Nameni, BCC Research senior editor. “Governments around the world are continuously investing in environmental regulations, laws and policies to be implemented by businesses, manufacturing companies and even households.”
Market Challenges Include Poor Waste Management Infrastructure, Insufficient Funding
Developing and underdeveloped nations suffer from inadequate waste management systems and government agencies, along with trash collection services. This lack of infrastructure is hampering efforts in these countries to properly manage waste. In addition, these countries lack funds for waste management. Solid waste management is given low priority in many developing nations, and this reduces prospects for companies which provide waste management consulting services.
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Water and Waste Management Consulting Services: Global Markets to 2022( ENV041A )
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