Environment Health & Safety (EHS) Market Analysis, Size, Growth, Share & Forecast to 2027 | Grand View Research Inc.
When all the three words come together, it forms a mention to a special discipline which points towards the urgent humanitarian needs that are important to be addressed to satisfy the norms for safety at work. The rising incidences of injuries to workers, personnel deaths, and environmental contamination in the form of oil spills, water pollution, and air pollution have driven governments across the globe to take stringent measures towards ensuring ecological and worker safety in core industries such as manufacturing, construction, oil & gas, power, transportation, and mining, among others. These concerns have given a boost to the demand in the market, locking in unexpected growth such that, the Global Environment Health & Safety Market was valued at USD 51.79 billion in 2019 and is expected to register a CAGR of 6.9% in the upcoming years. Also, it is eyeing to reach USD 88.39 billion by 2027, according to a new report by Grand View Research, Inc. Market Factors ď Ź
Several factors are responsible of boosting the market growth, but some others are also the reason for being inhibitive towards the market growth.