Germany Environment Health & Safety Market Size, Share & Trends Analysis Report By Product (Software, Services), By Deployment Mode (Cloud, On-Premises), By End-use (Chemicals & Petrochemicals, Energy & Mining), And Segment Forecasts, 2023 - 2030

Germany Environment Health & Safety Market Size, Share & Trends Analysis Report By Product (Software, Services), By Deployment Mode (Cloud, On-Premises), By End-use (Chemicals & Petrochemicals, Energy & Mining), And Segment Forecasts, 2023 - 2030

Germany Environment Health & Safety Market Growth & Trends

The Germany environment health & safety market size is anticipated to reach USD 5.5 billion by 2030, growing at a CAGR of 5.3% during the forecast period, according to a new report by Grand View Research, Inc. The environmental health and safety (EHS) market is experiencing significant growth due to the rising stringency of government regulations in various economies. Industries such as energy and chemicals, which involve the handling of hazardous materials by workers, are increasingly adopting environmental health and safety (EHS) services and software to enhance workplace safety and prevent accidents. These factors are expected to drive the demand for EHS solutions in the foreseeable future.

The German market is experiencing rapid growth in the adoption of EHS services and software as part of a shift away from the traditional take-make-dispose model. This shift aims to optimize the use of raw materials and minimize waste generation. The European Agency for Safety and Health at Work (EU-OSHA) and the European Environment Agency (EEA) formulated the laws concerning health, safety, consumer protection, and the protection of the environment. The strict environmental regulations in Europe are expected to drive the demand for EHS software and services in the years ahead.

The emergence of Big Data and the Internet of Things (IoT) is expected to boost the adoption of environmental health and safety (EHS) technology. Furthermore, the ongoing digital transformations, marked by the affordability of computing power and the creation of cost-effective sensors capable of collecting extensive data, along with the increased interconnectedness of systems and devices, are projected to fuel the expansion of EHS technology in the foreseeable future.

The Waste Framework Directive, also known as Directive 2008/98/EC, establishes measures to safeguard the environment and human health by minimizing or preventing the negative effects associated with waste generation and management. The European Commission has raised the targets for reducing waste and increasing recycling rates for municipal and packaging waste. The growing pressure from the European Commission is expected to play a significant role in driving the expansion of the EHS services and software market in Germany throughout the forecast period.

Manufacturers in the environment, health, and safety (EHS) market are actively pursuing partnerships, mergers, and acquisitions to develop innovative solutions. They are also employing strategies like expanding their geographical presence and introducing new products to enhance their market reach and cater to various end-use industries. For instance, in May 2023, Cority completed the acquisition of Greenstone, a software company based in the UK. This acquisition is a seamless fit, allowing Cority to enhance its capabilities and provide a more comprehensive set of tools to its customers.

Germany Environment Health & Safety Market Report Highlights

• The EHS software product segment accounted for 3.8% of the revenue share in 2022. This can mainly be credited to organizations' increasing investments in automated solutions for environmental, health, and safety management. These investments aim to minimize the adverse environmental effects of their operations and ensure a safer workplace for their employees
• The cloud deployment mode segment accounted for 31.3% of the revenue share in 2022. The broad spectrum of capabilities and critical features provided by cloud-based solutions is driving a substantial increase in their adoption rate. This trend is expected to persist throughout the projected period
• The chemicals & petrochemicals end-use segment accounted for a revenue share of 25.1% in 2022. The rapid surge in global shale production has resulted in a heightened demand for petrochemicals and their by-products. The chemical and petrochemical sector is a major contributor to water pollution, making it susceptible to breaching emission regulations. Utilizing EHS services and software effectively can aid these industries in monitoring and reporting their adherence to regulatory standards and assessing their environmental footprint
• Germany accounted for 27.9% of the global revenue share in 2022. The increased demand for environmental health and safety services in Germany is further driven by the substantial presence of oil and gas extraction industries in the area. These industries rely on EHS services to comply with regulations and safeguard the well-being of their employees
• In August 2023, VelocityEHS partnered with WSP to deliver VelocityEHS Accelerate Platform. This new partnership enables Velocity customers to conveniently access top-tier implementation support, ESG consulting services, and digital solutions regardless of their global operating locations

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