Environmental Health and Safety (EHS) Needed to Reduce Global Warming

San Francisco, California, August 01, 2018 – The global environmental health and safety (EHS) market is anticipated to increase growth on the back of rising concerns regarding global warming and increasing pollution levels. In a report by TMR Research, the market is carefully assessed based on various factors such as market dynamics and segmentation. It is titled “Environmental Health and Safety (EHS) Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025.” The need for advanced EHS software and services is expected to increase due to poor regulatory compliance leading to environmental damage. Other factors such as decreased cost of environmental compliance software could significantly augment the demand in the market.

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Rising investment from end users and increasing government initiatives to improve environmental health are foreseen to set the tone for valuable growth of the global EHS market. SMEs are predicted to increase the adoption of EHS software and services during the course of the forecast period. Leading chemical-producing economies have already implemented stringent health and safety laws. This could be another powerful factor increasing the demand for EHS. Deployment of effective EHS tools could increase as companies continue to proactively adhere to resource and environment-friendly manufacturing practices.

Expanding mining, energy, and construction industries and established chemical industry in Asia Pacific are envisaged to create a whole lot of market opportunities in the region. Although the rate of implementation of EHS software and services is currently low in the region, it could surge in the near future as Japan, China, and India initiate the enforcement of tight EHS regulations. The global EHS market could include a number of not-for-profit organizations and top software development firms such as 3E Company, International Finance Corporation, and IHS Inc. Product innovation could be a go-to strategy that companies may adopt to stay strong in the market.

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Environmental Health and Safety (EHS) Market Current Competitive Dynamics by 2025

Global Environmental Health and Safety (EHS) Market: Snapshot

Concerns regarding the rising levels of pollution and looming threat of global warming have escalated in the recent past and a number of countries, developed or developing, have come together to reduce these concerns. One of the primary reason of environmental damage is the poor compliance of regulatory by various companies, and governments are now bringing in stricter regulations, which in turn is encouraging companies to implement advanced processes of environmental health and safety (EHS) software and services, providing a thrust to the market for the same.

The demand in the global environmental health and safety market is expected to increment at a strong CAGR during the forecast period of 2017 to 2025, owing to a number of factors such as government initiatives to protect the environment, incremented investment by end users, and reduced cost of environmental compliance software, which is leading to its adoption across small and medium businesses. On the other hand, there is still a vast population base that is unaware of the availability of the EHS software and are still depending on traditional methods. This factor is obstructing the market from attaining its true potential.

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The competitive landscape of the global environmental health and safety market is highly dependent on product innovation, as there is strong need for products that can work efficiently and can be installed in different business setups of diverse companies. The EHS market is primarily used by industries pertaining to energy and mining, chemical and petrochemical, construction, manufacturing, telecom and IT, and healthcare. While a number of companies are also focused on strategic mergers and acquisitions in order to expand their geographical presence, satisfaction of the stakeholders, preservation of their brands, and development of solutions are also at the forefront for the key companies to maintain their strong hold.

Environmental Health and Safety (EHS) Market: Overview

A variety of chemicals have become unavoidable in our everyday lives. From computers, to medicines, cosmetic creams to paints and coatings. The chemical industry is one of the world’s largest industries, with products manufactured in the range of billions of tonnes every year. The industry and countries with established chemical industries therefore have a huge responsibility to ensure the safe usage and production of chemicals so that the associated activities do not pose harm to the human resources working in close proximity and the environment.

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Environment health and safety (EHS) tools allow companies to keep track of and properly manage activities that related to the production or usage of chemicals, especially the ones that are known to pose harm to health of living organisms and the environment, such as mercury or CFCs. Companies operating in sectors such as power production, mining, and construction also frequently use EHS tools to ensure that production and operation sites to adhere to environmental norms and regulations concerning occupational and environmental health and safety.

Environmental Health and Safety (EHS) Market: Trends and Opportunities

The increasingly stringent health, safety, and environment laws, regulations, guidelines, and processes instigated in the past few years across leading chemical producing countries is the key factor driving the increased implementation of EHS tools across the industrial sector. Companies diligently adhering to environment- and resource-friendly manufacturing practices are increasingly investing in the deployment of effective EHS tools.

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In developing economies such as India, China, South Africa, and the UAE, the thriving industrial sector is encouraging the increased adoption of EHS tools. However, certain factors, such as the high costs involved in auditing complex production sites and the highly expensive services and solutions required to comply with EHS regulations are expected to hinder the overall rate of adoption of EHS tools to a certain extent. 

Environmental Health and Safety (EHS) Market: Market Potential

China is one of the largest producers of a number of chemicals and has immense scope for the implementation of EHS tools across companies involved in the production of a number of high-risk chemicals. Recent incidences of leakage of hazardous chemicals (the series of explosions on the Port of Tianjin in August 2015), leading to the death of hundreds of people and serious injuries to many more, have highlighted the pressing need for effective management of chemical production and storage sites. Post this incidence, the government has been paying more attention to the strict implementation of EHS rules and regulations.

Environmental Health and Safety (EHS) Market: Regional Overview

The EHS market holds immense promise of growth in Asia Pacific owing to the established chemical industry and burgeoning construction and energy and mining sectors. The rate of implementation, however, is presently low in the region owing to high costs and is expected to increase in the future years owing to initiation of stringent EHS regulations in countries such as India, China, and Japan.

The high costs of EHS tools largely restrict their overall adoption to developed economies across regions such as North America and Europe. North America presently accounts for the dominant share in the global implementation EHS software and services. The region is also expected to retain dominance owing to the stringent EHS regulations and policies and steady pace of development of the chemical and energy industries.

Environmental Health and Safety (EHS) Market: Competitive Landscape

The market for EHS tools and services features a large number of companies, pointing towards a largely fragmented vendor landscape. The market features some of the world’s leading software development companies and several non-profit consulting organizations. Some of the leading vendors in the market are 3E Company, International Finance Corporation, IHS Inc., UL LLC, SAP SE, Medgate Inc., and Enablon North America Corporation.

Environmental Health and Safety Profits from Chemical and Energy Growth

San Francisco, California, May 18, 2017 : The global environmental health and safety (EHS) market is prognosticated to feature a chiefly fragmented competitive landscape due to a significant count of players operating therein. In a comprehensive TMR Research report covering the critical aspects of the global EHS market, there could be more than a few non-profit consulting firms and top software development organizations making their presence known. The title of the report reads, “Environmental Health and Safety (EHS) Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025.” Out of the key companies competing in the global EHS market, SAP SE, UL LLC, IHS Inc., International Finance Corporation, and 3E Company could take a leading position.

The industrial sector could take the charge in offering bankable business opportunities in the world EHS market on account of a strong implementation of EHS equipment across the most influential chemical-producing nations. The progressively severe environment, safety, and health guidelines and laws initiated by such nations are expected to support the aforementioned opportunities growing in the world EHS market. There could be a rise in the deployment of EHS technologies by organizations that painstakingly stand by resource and environment-friendly manufacturing methodologies. The flourishing industrial sector in emerging nations such as the UAE, South Africa, China, and India is anticipated to augur well for the growth in the world EHS market.

Asia Pacific could be a promising region for players to bank on in the international EHS market, owing to an escalating rise of energy and mining and constructor industries and the success of the well-rooted chemical sector. North America is envisioned to be another lucrative region in the international EHS market as it is predicted to regain leadership on the back of a sturdy development growth in the chemical and energy sectors and tight EHS policies.

However, the high cost of auditing complex production plants and expensive services and solutions might impede the demand in the international EHS market. Nonetheless, the need to conform to environmental norms with regard to environmental and occupational health and safety, especially in the construction, mining, and power production industries, is envisaged propel the growth of the international EHS market. Companies with the requirement of effectively managing and keeping track of harmful chemical (chlorofluorocarbon or mercury) production and usage could aggravate the demand in the international EHS market.

The dearth of safe water sources and high pollution rate in several regions of the world is forecasted to lead to an enlarging adoption of EHS solutions for effective management of waste water. This could have a substantial positive impact on the worldwide EHS market.