E-scrap recycling market is anticipated to grow at a significant CAGR of 10.9% during the forecast period (2024-2031). E-waste (electronic waste, e-scrap, or end-of-life electronics) refers to used electronics nearing obsolescence. The e-scrap recycling market deals with their recycling.
Drilling waste management market is anticipated to grow at a considerable CAGR of 8.5% during the forecast period (2024-2031). Drilling waste management is a process of handling, treating, and disposing of waste generated during drilling operations in the oil and gas industry. This waste typically includes drilling fluids, cuttings, muds, sludges, and other by-products produced during drilling activities.
Decarbonization market is anticipated to grow at a CAGR of 30.1% during the forecast period (2023-2030). Decarbonization in the industrial sector refers to attempts to minimize the industry's carbon footprint and transition to a more sustainable and low-carbon energy future. The growing adoption of CO2 capture absorption process technology is the key factor supporting the growth of the market globally.
Air pollution control systems market is anticipated to grow at a CAGR of 9.1% during the forecast period (2023-2030). Air pollution control system are a series of devices that work to prevent a variety of different pollutants, both gaseous and solid, from entering the atmosphere primarily out of industrial smokestacks. The growing adoption of indoor air quality with the improving multi-sensor is the key factor supporting the growth of the market globally. IAQ (indoor air quality) multi-sensor works as a plug and play solution with Connect Box to provide crucial data on room air quality.
Environment Conservation and Wildlife Organization Market is anticipated to grow at a CAGR of 7.22% during the forecast period (2023-2030). Natural habitats are constantly changing due to both natural dynamics and human intervention. But while the ecosystems of the planet can control natural change, human-induced change frequently has disastrous or irreversible repercussions on the environment.
Nuclear waste management system market is anticipated to grow at a considerable CAGR of 2.1% during the forecast period. The stringent standards and regulations to limit radioactive emissions is a key factor driving the growth of the global nuclear waste management system market. According to World Nuclear Association, the volume of high-level radioactive waste (HLW) produced by the civil nuclear industry is small. As per the estimation of the International Atomic Energy Agency (IAEA), 392,000 tonnes of heavy metal (tHM) in the form of used fuel have been discharged since the first nuclear power plants commenced operation.
Precious metals e-waste recovery market is anticipated to grow at a CAGR of 5.2% during the forecast period. The major factors that are accelerating the growth of the market include the rising amount of electronic waste and growing environmental concerns. The demand for electronic devices across a wide range of applications, including health, communication, food supply, and others leads to the e-waste generation thereby driving the e-waste recovery market for precious metals.
The global environmental technology market is anticipated to grow at a moderate CAGR of 4.3% during the forecast period. The increasing global challenges including climatic changes, natural resource depletion, and rising pollution levels have created the need for environmental technology market to address the adverse environmental concerns. Moreover, the growing awareness among individuals about the consequences of environmental degradation and increasing global warming is propelling the use of environmental technology as an alternative to traditional energy sources.
The global environmental testing equipment market is anticipated to grow at a significant CAGR of 7.9% during the forecast period. The rising levels of pollution in the environment across the globe are increasing the demand for environmental testing equipment. These environmental testing equipment are used to measure and identify the compounds and pollutants in the soil, water, and air that degrade the quality, and as many people die or get diseases due to the degraded environment.
Mining waste management market is anticipated to grow at a significant CAGR of 5.9% during the forecast period (2024-2031). The growing mining sector globally to meet the demand for minerals has created a demand for mining waste management. Mining waste management is a vital part of modern mining operations. It involves managing different types of waste, including solid waste, water, and tailings. The increasing automation in mining waste management activities is a key trend globally. However, the high equipment cost is a major challenge to global industry growth.
Waste management market is anticipated to grow at a significant CAGR of 8.9% during the forecast period (2024-2031). The market growth is attributed to stringent waste management regulations, such as governments and international organizations implementing extended producer responsibility and aggressive plastic waste reduction targets. The circular economy's emphasis on a never-ending cycle of resource repurposing, reuse, and recycling led to waste management transformation. According to the United Nations Environment Programme, Global Waste Management Report 2024, the total global cost of municipal solid waste in 2050 is projected to reach $640.3 billion, including $4,430.0 billion in externalities.
Shore power market is anticipated to grow at a significant CAGR of 14.6% during the forecast period (2024-2031). Shore power is being implemented by ships to comply with environmental regulations, adhere to IMO standards, and enhance port infrastructure. Financial support from government grants and subsidies helps mitigate the initial expenses of installing shore power systems. Advances in technology have made these systems more efficient and cost-effective. Shipping companies are incorporating shore power into their sustainability initiatives. Public awareness and pressure from communities and environmental organizations motivate ports to adopt cleaner technologies.
The global green technology and sustainability market is expected to grow at a significant CAGR during the forecast period. It refers to eco-friendly solutions or technologies that work to reduce damages to the environment and provide protection against harmful gases and pollutions to the environment.
The global environmental health safety market is expected to grow at a significant CAGR during the forecast period. Environment, Health, and Safety (EHS) are used by businesses to describe laws, rules, regulations, professional programs, and workplace activities aimed at protecting employees, the public, and the environment's health and safety from workplace risks.
The global medical waste management market is growing modestly, at a CAGR of 5.7% during the forecast period (2019-2025). Medical waste refers to any solid or liquid waste which is produced during the diagnosis, treatment or immunization of human beings or animals. It involves waste generated from medical research activities or during the manufacturing or testing of biological products.
Asia-Pacific
hazardous waste management market is expected to witness a significant growth
with the CAGR of 7.8% during the forecast period. The factors attributing to
the substantial market growth includes government initiatives fuelling the
market, growing amount of hazardous waste, mounting e-waste is advancing the
waste management activities, and biomedical waste is growing the demand for
waste management.
China
hazardous waste management market is expected to witness a CAGR of 7.7% growth
with the CAGR of 6.8% during the forecast period. A significant growth in the
consumer electronics market coupled with the government focus on e-waste
management is boosting the growth of the market in the country.
European
hazardous waste management market is expected to witness a significant growth
with the CAGR of 6.8% during the forecast period. Europe is considered as one
of the major regions in the global hazardous waste management market.
North
American hazardous waste management market is expected to witness a significant
growth with the CAGR of 6.9% during the forecast period. North American
hazardous waste management market is influenced by various factors including
increasing waste disposal activities in the region and government initiatives
for waste management.
UK
hazardous waste management market is expected to witness a significant growth
with the CAGR of 7.9% during the forecast period. UK is a significant economy
of the European Union. Due to its planned waste hierarchy, the country ensures
to treat the waste collected in an organized manner in order to eradicate or
reduce the hazardous nature and dispose of the treated waste efficiently.
The
US hazardous waste management market is expected to witness a significant
growth with the CAGR of 6.7% during the forecast period. The US contributes
majorly to the hazardous waste management market due to various government
initiative, policies and regulations for the support of hazardous waste
management.
Hydroponics market is expected to grow at a
considerable rate during the forecast period 2019-2025. Hydroponics is a
technique of growing plants without the presence of soil and only in
the availability of water and light. The micronutrients and
macronutrients are dissolved in the water supplied to the plants,
through which the plants absorb nutrients required for their
development. Through this process, the plants get everything they need
throughout the cultivation process, which in turn, provides a faster
growth to the plants.
Industrial air filtration market is expected to grow at
a moderate rate during the forecast period 2019-2025. Industrial air
filtration is a process of improving air quality of industries in order
to provide hazard free working environment for staff. Industries are
adopting advanced air filtration systems to increase work efficiency.
Dust collectors, mist collectors, oil filters,
The global Hazardous waste management market size was valued at USD 63,100 million in 2018 and expected to register a CAGR at 7.1% during the forecast period. Hazardous waste management is a rapidly emerging branch of environmental science.
Emission Monitoring System (CEMS) Market is expected to
grow at a significant rate during the forecast period 2019-2025. The
environmental regulatory authorities need manufacturing industries to
track pollutant through emission monitoring systems (EMS). It is a
traditional monitoring system approved by the authorities. The EMS
measures the number of various gases in the air such as carbon dioxide,
mercury, nitrogen, carbon monoxide, sulfur dioxide, and hexavalent
chromium.