Global Environmental Remediation Market Size, Status, Analysis 2022 Forecast Report

Bharat Book Bureau Provides the Trending Market Research Report; on "Global Markets for Environmental Remediation Technologies" This report examines the global markets for technologies used in the remediation of environmental contamination.
By: Bharat Book Bureau
 
MUMBAI, India - Oct. 23, 2017 - PRLog -- The global market for environmental remediation technologies reached $65.2 billion in 2016. This market is estimated to reach nearly $82.7 billion in 2022 from $67.8 billion in 2017 at a compound annual growth rate (CAGR) of 4.0% for 2017-2022.

Study Background
Various estimates place the global cost of potential liabilities for owners of environmentally contaminated sites in the trillions of dollars. These potential liabilities have arisen because of contamination of the world's soil and water with chemicals, metals and other compounds with effects that can range from an offensive odor to a carcinogenic or lethal outcome. Much of the contamination encountered is historical contamination, originating years or even decades in the past, many times with the original source or cause of contamination unknown or not fully known. Other contamination may continue to arise as a result of current activities with consequences that are not yet fully understood or, occasionally, as a consequence of irresponsible actions.

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Although the global industry for remediation technologies has come into being just over the past several decades, it has been quite successful in cleaning many contaminated sites in the most developed economies of North America, Western Europe, Japan and Australia. However, despite the progress that has been made in cleaning contaminated sites in these regions and countries, there remains significant work to be done. When considering the emerging economies of the world, it is clear that there exist equally large—if not greater—future potential liabilities stemming from contaminated sites, as many of these sites have yet to be cleaned. A critical component of building and growing economies around the world is the cleaning of contaminated sites, which not only serves to preserve and protect human health but also allows the development of sites that were previously ignored due to contamination.
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Study Goals and Objectives
This study seeks to provide a broad perspective and understanding of the most important aspects of the global remediation technology market. Readers will gain a better understanding of the makeup of the global industry in terms of key factors driving and inhibiting market growth; regulatory schema; technological categories and trends in new technological development; patents; and various market dynamics—and how these all interact with one another. By providing this deep understanding of the market, the report aims to equip its Intended Audience with the requisite knowledge to better formulate public policy, business and competitive strategy, and/or research and developmental project goals. For private industry, established firms should gain a better understanding of where they may best maximize their current positions, while new firms seeking to enter the market should be able to better identify the points of entry that may afford them the greatest likelihood of success.

Scope of Report
This report examines the global markets for technologies used in the remediation of environmental contamination. In the scope of this report, natural resources affected by environmental contamination include surface water, groundwater and soils (to include soil vapours). Markets are examined in greater detail in later sections of the report that discuss markets from a regional perspective and from the perspective of remediation technologies' applications to sites associated with certain industries.

Many of the technologies applied to remediation of contaminated sites are in fact technological systems or processes (many of which hold patents in various jurisdictions) rather than a single piece of equipment. As such, when considering technological processes, the entire value of the process has been considered. It is also important to note that a large number of remediation technologies use a significant portion of standard equipment such as off-the-shelf pumps or heavy construction equipment (for excavation) that are then built into an overall system, package or process specifically for site remediation that customers can apply to their project's specific needs.

A complicating factor in estimating the breakdown of market segments for environmental remediation technologies stems from the nature of the various liability laws in jurisdictions around the world. One fairly common practice in environmental remediation is for a governmental body to undertake and see to the complete remediation of a key contaminated site, and, while remediation is underway or once it has been completed, this governmental body will seek payment for the costs of remediation from the responsible party (if this party is still in existence—many times they are not). In instances where such a process has been used successfully, the value of the remediation equipment, services, materials and so forth are applied to that specific industry application.

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