Major players in the water and waste management consulting services market are Arcadis NV, WorleyParsons, Stantec Inc. , AECOM, Catalyst Canada, Republic Services, Casella Waste Systems, SUEZ Environnement, Blue Vista Technologies Inc.
New York, Dec. 30, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Water And Waste Management Consulting Services Global Market Report 2022” – https://www.reportlinker.com/p06193708/?utm_source=GNW
and DowDuPont Inc.
The global water and waste management consulting services market is expected to grow from $28.05 billion in 2021 to $31.94 billion in 2022 at a compound annual growth rate (CAGR) of 13.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $50.21 billion in 2026 at a CAGR of 12.0%.
The water and waste management consulting services market consists of the sales of water and waste management consulting services by entities (organizations, sole traders and partnerships) that provide advice and assistance to business entities and other organizations on activities such as wastewater treatment and solid waste management.They offer expertise on processes to treat industrial waste such as solid, liquid, gaseous or radioactive substances from a wide range of industries and organizations.
Only goods and services traded between entities or sold to end consumers are included.
The main types of water and waste management consulting services are solid waste management, and waste water management.Solid waste management refers to the process of collecting and treating solid waste.
The various waste and water treatments include primary treatment, secondary treatment, tertiary treatment, and other and services consists of strategic solid waste management and planning, water treatment and distribution system designs, design and documentation for recycling and waste disposal facilities, environmental and social impact assessment, sewage system setup services, and other services (operational services, infrastructure development, economics and finance, advisory services). The services are used for management of municipal waste, industrial waste, and others.
The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The increasing industrial and municipal waste due to rapid urbanization is contributing to the growth of the water and waste management consulting services market.Due to urbanization, there would be a rapid increase in production and consumption that generates waste from several sources such as domestic wastes, commercial wastes, institutional wastes and industrial wastes.
According to the World Bank report updated in September 2019, with rapid population growth and urbanization, annual waste generation is expected to increase by 70% to 3.40 billion tons in 2050. According to Waste Dive, a supplier of recycling equipment, every year about 2.01 billion metric tons of municipal solid waste (MSW) is produced globally. The report also states that 40% of waste worldwide is mismanaged and is dumped or burnt in open spaces indicating that there is a huge untapped market for waste management consulting services.
SaaS (software-as-a-service)-based consulting is the recent trend gaining popularity in water and waste management consulting.The use of the SaaS platform is increasing in companies to deliver online services such as water quality management, EHS compliance, and carbon reporting.
SaaS delivery model operates when a software vendor provides access to its software and works remotely as a web-based service.Many companies are offering SaaS to water and waste management companies to improve the operations performed by the company.
For instance, from 2020, Trimble started to offer a new SaaS program for remote monitoring of water and wastewater infrastructure. With the new SaaS program, water and wastewater utilities can access the hardware and software technologies through subscription to be utilized for remote monitoring of critical infrastructure.
Insufficient funding for water and waste management is risking the water and sanitation services industry, especially in the less developed countries. According to the United Nations (UN) Global Assessment and Analysis of Sanitation and Drinking-Water (GLAAS) 2019 report that surveyed 4.5 billion people from 115 countries, in the majority of countries, the implementation of water, sanitation and hygiene policies are constrained by inadequate financial and human resources. Around 19 countries out of 115 surveyed countries reported a funding gap of more than 60% in identified needs and available funding. Out of surveyed countries, 94% of countries have policies for drinking water and sanitation, 79% have for hygiene and plans to implement these policies but less than one-sixth of countries have enough finance to implement them. Therefore, inadequate funding from local administrators, governments, and international bodies is restraining the growth of the water and waste management consulting services market.
In June 2020, Trinity Consultants, Inc., a consulting firm in engineering, EHS, and science, announced the acquisition of Vision Environment Australia (VE), an Australia-based environmental consulting firm, for an undisclosed amount. Vision Environment (VE) specializes in environmental monitoring, marine ecology, and water quality and served clients in industrial organizations that impacted marine environments across New Zealand and Australia. The acquisition will help Trinity in adding resources and capabilities that will boost the company growth. VE’s qualified staff, field equipment, and commercial vessels will help Trinity to collect real-time water quality data and help the business grow in Australia, New Zealand, and beyond. Vision Environment (VE) is an Australia-based company working in the field of water quality and marine ecology.
The countries covered in the water and waste management consulting services market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
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