Environmental Remediation Market Share, Size, Trends, Industry Analysis Report, By Technology; By Environment Medium (Soil and Groundwater); By Site (Private and Public); By Application; By Region; Segment Forecast, 2022 - 2030

Environmental Remediation Market Share, Size, Trends, Industry Analysis Report, By Technology; By Environment Medium (Soil and Groundwater); By Site (Private and Public); By Application; By Region; Segment Forecast, 2022 - 2030

The global environmental remediation market size is expected to reach USD 206.5 billion by 2030, according to a new study by Polaris Market Research. The report “Environmental Remediation Market Share, Size, Trends, Industry Analysis Report, By Technology; By Environment Medium (Soil and Groundwater); By Site (Private and Public); By Application; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides an analysis of future market growth.

The increasing demand for environmental remediation across developed and developing nations is due to rapid industrialization, urbanization, and increasing government initiatives to limit pollution is drives the market growth. Furthermore, the rising consumption of oil & gas and the development of innovative remediation technologies to protect the environment are also supporting the market growth.

Environmental remediation involves the removal of contaminants from soil, water, and sediments, which reduces the risk of environmental damage and health issue caused to humans. The pollution caused due to activities from the industrial, mining, and commercial sector leads to ecological damage. Growing government attempts for land restoration and implementation of remediation in the end-use industries are propelling market growth.

Technological advancement to identify various contaminants in the air, water and land is projected to amplify the market. Nano-remediation is the current trend across multiple industries to deal with environmental concerns. These techniques use nanoparticles to detect a wide range of environmental contaminants used to treat water, soil, and sediments; such factors complement the market growth.

The COVID-19 pandemic negatively impacted the demand for ecological remediation solutions as many industries stood at a standstill due to the global lockdown, resulting in less adoption of remediation technology. Moreover, the transportation of bulk handling equipment required for the transfer and disposal of waste was temporarily halted during the lockdown, which severely hampered the market.

Environmental Remediation Market Report Highlights

The growing demand for bioremediation technology is due to minimizing environmental damage and emission of less harmful byproducts during treatment. In addition, this technology doesn’t require expensive equipment and labor like other cleanup methodologies. Such factors complement the segment’s growth.

The groundwater segment accounted for the highest revenue share in 2021 and is expected to continue its dominance owing to rising contamination in groundwater, such as pesticides, fertilizers, and various hazardous metals. Rising groundwater remediation with novel technologies to reduce and manage the waste.

Oil & gas is expected to spearhead revenue growth; these industries consist of waste at every point of oil and gas production, such as wastewater, solid waste, and gas emission, increasing remediation demand in this sector.

North America is expected to grow prominently over the forecast period owing to the rapid adoption and implementation of remediation technology and government funding to emphasize eco-friendly remediation. Moreover, the U.S., with a well-established economy, contributes to segment growth.

Major players operating in the industry include AECOM Technology, Brisea Group, Clean Harbors, Inc., Cold Chain Technologies, LLC, Cryopak Industries Inc, DEME NV, DGP Intelsius GmbH, Dredging, Environmental and Marine Engineering NV, Engineering and Maintenance Solutions, ENTACT LLC, Envirotainer AB, GEO Inc.

Polaris Market Research has segmented the environmental remediation market report based on technology, environment medium, site, application, and region:

Environmental Remediation, Technology Outlook (Revenue – USD Billion, 2018 – 2030)

Air Sparging

Soil Washing

Chemical Treatment

Bioremediation

Electrokinetic Remediation

Excavation

Permeable Reactive Barriers

In-Situ Grouting

Phytoremediation

Pump And Treat

Soil Vapor Extraction

In-Situ Vitrification

Thermal Treatment

Environmental Remediation, Environment Medium Outlook (Revenue – USD Billion, 2018 – 2030)

Soil

Groundwater

Environmental Remediation, Site Outlook (Revenue – USD Billion, 2018 – 2030)

Private

Public

Environmental Remediation, Application Outlook (Revenue – USD Billion, 2018 – 2030)

Mining and Forestry

Oil & Gas

Agriculture

Automotive

Landfills and Waste Disposal Site

Manufacturing, Industrial, and Chemical Production

Construction and Land Development

Environmental Remediation, Regional Outlook (Revenue – USD Billion, 2018 – 2030)

North America

U.S

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa