(EMAILWIRE.COM, October 16, 2018 ) The environmental remediation market is expected to reach USD 123.13 Billion by 2022, at a CAGR of 7.62% between 2016 and 2022. The base year used for this study is 2015 and the forecast period is considered for the period between 2016 and 2022. The oil and gas and mining and forestry applications are becoming popular because of the high demand for remediation services for removing contaminants from soil and groundwater. Environmental remediation is an environment service technology which focuses on the definitive goal of providing large-scale remediation technology at a low cost for environmental protection and pollution control.

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This report provides a detailed analysis of the environmental remediation market based on environmental medium, technology, application, and geography for four main regions North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The report provides detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). The main driver for environmental remediation market is the growing number of government initiatives for environment pollution control. This is boosting environmental remediation technology in various applications such as oil and gas and construction and land development. The report also profiles the key players and comprehensively analyzes their market ranking and core competencies, along with detailing the competitive landscape for market leaders.

To estimate the size of the environmental remediation market, top-down and bottom-up approaches have been used. This research study involves the extensive usage of secondary sources, directories, and databases such as Factiva and OneSource to identify and collect information useful to study the technical, market-oriented, and commercial aspects of environmental remediation. The research methodology is explained below.

• This entire research methodology includes the study of annual and financial reports of top players, presentations, press releases, journals, paid databases, and interviews with industry experts.
• High-growth segments have been identified to analyze opportunities in the global environmental remediation market
• Competitive developments such as contracts, agreements and acquisitions, new product developments, and research and development in the global environmental remediation market have been analyzed.
• All the percentage splits and the breakdown of the market segments are analyzed on the basis of secondary and primary research.

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The market for groundwater remediation is expected to grow at the highest CAGR between 2016 and 2022. Groundwater contamination due to the penetration of artificial products such as gasoline, oil, and chemicals into the groundwater makes it polluted and useless for human use. Contaminants present in groundwater include a wide range of physical, inorganic chemical, organic chemical, bacteriological, and organic waste from wastewater disposal systems and toxic chemicals from underground storage tanks and permeable landfills infects groundwater. Thus, the market for remediation technologies is expected to have a high demand for groundwater remediation in the future.

The market for the oil and gas application is expected to grow at the highest CAGR between 2016 and 2022. In different stages of oil and gas production, wastewater, gas emissions, solid waste, and aerosols are generated during production and refining; and which spilt of oil and petroleum products transportation. This is driving the demand for environmental remediation technology in the oil and gas application. In this application, environmental remediation technologies provide services to eliminate contamination from soil and groundwater and also fulfill the requirement for a pollution-free environment. This would drive the growth of the environmental remediation market for the oil and gas application.

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This report provides valuable insights regarding the ecosystem of this market such as government agencies (Environmental Protection Agency (U.S.)), technology providers, OEMs (Telluric Land Remediation Ltd. (U.K.), Sequoia Environmental Remediation Inc. (Canada), Mid-Atlantic Environmental Equipment, Inc. (U.S.), and BAUER Resources GmbH (Germany)), contractors and distributors (Golder Associates (U.S.)), environmental remediation equipment manufacturers (Sandvik AB (Germany), application developers (GEO, Inc. (U.S.)), chemical solution providers (Oxidation Systems, Inc. (U.S.) and ORIN Remediation Technologies, Inc. (U.S.)), and standardization and testing firms (Environmental Remedial Testing, Inc. (U.S.)). This study answers several questions of stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.

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