Environmental Remediation Market worth $158.8 billion by 2026, at a CAGR of 8.7%

Environmental Remediation Market worth $158.8 billion by 2026, at a CAGR of 8.7%

“Environmental Remediation Market”
[242 Pages Report] The Environmental Remediation Market size is expected to grow from USD 104.6 billion in 2021 to USD 158.8 billion by 2026; at a CAGR of 8.7%.

The report “Environmental Remediation Market with COVID-19 Impact Analysis by environmental medium(soil & groundwater), Technology (Bioremediation, Pump & Treat, Soil Vapor Extraction, Chemical Treatment), Site Type, Application, and Region – Global Forecast to 2026” The overall environmental remediation market is expected to grow from USD 104.6 billion in 2021 to USD 158.8 billion by 2026; it is expected to grow at a CAGR of 8.7% during 2021–2026. Key factors fueling this markets growth include increasing government initiatives for environmental protection; growing focus on development of environment-friendly industries; and rapid population growth and industrialization in developing countries. Development of advanced remediation technologies and continuous expansion of oil & gas industry create a strong demand for environmental remediation for efficient industrial operations in the midst of COVID-19.

• Informational PDF Brochure :- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=93290334

Browse 154 market data Tables and 49 Figures spread through 242 Pages and in-depth TOC on“Environmental Remediation Market with COVID-19 Impact Analysis by Application, and Region – Global Forecast to 2026″View detailed Table of Content herehttps://www.marketsandmarkets.com/Market-Reports/environmental-remediation-market-93290334.html

 

Environmental Remediation Market

Bioremediation is expected to gain a significant share of the environmental remediation market by 2026

Bioremediation technology is expected to account for the largest share of the environmental remediation market by 2026. The bioremediation segment is expected to lead the environmental remediation market during the forecast period, owing to the growing demand for this technology for both soil and groundwater remediation. Bioremediation is a biological remediation process that uses organisms to reduce or clean up contamination in soil and groundwater. It eliminates the use of toxic chemical, often using biochemicals and green plants, making it a cost-effective and safe technology.

 Based on application, oil & gas to witness the highest CAGR in environmental remediation market during 2021–2026

The environmental remediation market for oil & gas application is expected to grow with the highest CAGR during the forecast period, because of the high demand for remediation solutions to clean volatile organic compounds in this industry. Pollution is associated with different stages of oil and gas production including wastewater, gas emission, solid waste, and aerosols generated during production, and refining, as well as during transportation, when spillage of oil and petroleum products make take place. Remediation technologies are used in the oil and gas industry to remove contaminants such as methane, propane, sulfur dioxide, volatile organic compounds, and other toxins.

Environmental remediation market in APAC to grow at the highest CAGR during the forecast period

The environmental remediation market in APAC is expected to grow at the highest CAGR during the forecast period. Growing population, industrialization, high consumption of oil and gas, and adoption of government regulations for environment protection are driving the environmental remediation market in the APAC region. This, in turn, is driving the growth of the APAC environmental remediation market.

Key players in the market include Clean Harbors, Inc. (US), AECOM Technology (US), DEME NV (Belgium), Golder Associates Corporation (Canada), Jacobs Engineering Group (US), Brisea Group (US), ENTACT, LLC (US), Terra Systems (US), Engineering and Maintenance Solutions (EMS) (Australia), and HDR, Inc. (US). These players are increasingly undertaking acquisitions, contracts, collaborations, partnerships, and expansions, to increase their market shares.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: Marketsandmarkets pvt ltd
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/environmental-remediation-market-93290334.html