Remediation & Environmental Cleanup Services Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 3/4/2024
SIC Codes: 1799
NAICS Codes: 562910
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Remediation & Environmental Cleanup Services Industry Profile

Companies in this industry provide remediation services for contaminated buildings, mine sites, soil, or groundwater, as well as mine reclamation and asbestos and other toxic material abatement. Major companies in this industry include Aegion and Clean Harbors (both based in the US), and Environmental Resources Management (UK). Other companies include the remediation divisions of large environmental consulting firms, such as Tetra Tech and Veolia Environmental Services North America, and divisions of engineering and construction firms, such as Bechtel and Parsons.

Worldwide, the remediation and cleanup services industry is expected to cross about $164 billion in revenue by 2026, according to Facts and Factors.

The US remediation and environmental cleanup services industry includes about 4,800 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $16 billion.

Environmental consulting, which includes site remediation, is covered in a separate industry profile. Waste collection is covered in the Waste Management Services industry profile.

COMPETITIVE LANDSCAPE

Demand is driven by the needs of businesses and government agencies to comply with environmental cleanup laws. The profitability of an individual company depends on its ability to accurately predict cleanup costs and to secure contracts with large organizations such as the US government. Large firms have the advantage of providing a wide range of environmental expertise and can thus offer "one-stop shopping" for clients. Small firms can compete by specializing in regional markets or particular ...

 
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