Environmental health & safety (EHS) system is mainly used by companies to ensure employee safety and well-being at the workplace and to monitor environmental balance. Governing bodies and regional federal agencies are proactively implementing EHS across various industry verticals in order to adhere with environmental and occupational safety standards. The software solutions incorporated under EHS include quality & risk assessment, data analytics, cost management, environmental compliance, and energy & carbon management.
Furthermore, the different EHS services include consulting, project management, analytics, training, implementation, auditing, and certification. Rising awareness about workplace and employee safety coupled with increasing environmental safety efforts have led the EHS market to grow at a substantial pace. The EHS market is expected to advance at a CAGR of 11.7% from 2019 to 2027 reaching a market size of US$ 11,500.5 Mn in 2027, up from US$ 4,729.3 Mn in 2019.
Some internationally acclaimed regulatory agencies ensure health & safety of employees and their work environment. These agencies include Occupational Safety and Health Administration (OSHA), Environmental Protection Agency (EPA) of the U.S, National Institutes of Health (NIH), The National Institute for Occupational Safety & Health (NIOSH), Nuclear Regulatory Commission, Department of Labor, New York City Department of Environmental Protection, Council on Certification of Health, Environmental and Safety Technologists (CCHEST), European Agency for Safety and Health at Work (EU-OSHA), and Mine Safety and Health Administration (MSHA).
A large number of developing economies have set up environmental institutions and regulatory regimes after being positively influenced by regulatory agencies in developed regions such as the U.S. and Europe.
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For instance, China launched a law under the name Administration on the Control of Pollution Caused by Electronic Information Products (ACPEIP) which is similar to the European Union’s Restriction of Hazardous Substances (RoHS) directive.
The Work Health and Safety Act 2011 laid down by the Government of Australia proposes strict laws and amendments pertaining to occupational health and safety issues by imposing severe fines over its violations in Australia.
The first section in the TMR report on the environmental health & safety market begins with a premise that includes the report scope, market segmentation, and research highlights. Following this is the executive summary that emphasizes the environmental health & safety market aspects covered in the study. This section provides a brief understanding of the market elements, and enables readers to understand the aspects covered in the study. The report also includes market dynamics that offer an understanding of the market drivers, restraints, and opportunities.
The next section includes an extensive segmentation analysis of the environmental health & safety market. This evaluation includes the division of the environmental health & safety market segments on the basis of key factors such as component, end-use industry, and region. Further, an analysis of these key segments in the environmental health & safety market, year-on-year growth projections, and basis point share analysis are included in the report, which helps readers identify promising market growth areas.
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The TMR study on the environmental health & safety market offers an assessment of the geographical landscape of the market. A regional study helps market competitors make important decisions pertaining to their business. Individualized, country-wise, and segment-wise analysis pertaining to individual regions helps readers of the environmental health & safety market report to decipher the potential of the market in various geographies. Supported by year-on-year growth projections, and global value and volume share, this section is a vital part of the report.
The study on the environmental health & safety market offers a holistic competitive value judgment, with the details of leading and emerging market players. The dashboard view of the competitors in the environmental health & safety m