Global Environmental Remediation Market to Reach $242.1 Billion by 2030
The global market for Environmental Remediation estimated at US$140.8 Billion in the year 2023, is expected to reach US$242.1 Billion by 2030, growing at a CAGR of 8% over the analysis period 2023-2030. Oil & Gas Application, one of the segments analyzed in the report, is expected to record a 10.7% CAGR and reach US$86.4 Billion by the end of the analysis period. Growth in the Mining & Forestry Application segment is estimated at 8.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $36.7 Billion, While China is Forecast to Grow at 12.5% CAGR
The Environmental Remediation market in the U.S. is estimated at US$36.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$63.5 Billion by the year 2030 trailing a CAGR of 12.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 7.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$34.7 Billion by the year 2030.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook