DUBLIN – (BUSINESS WIRE)–That “Technology and Services for Bioremediation – Global Market Development and Analysis” Report was added to ResearchAndMarkets.com offer.
In the midst of the COVID-19 crisis, the global market for bioremediation technology and services, which is estimated at $ 39.4 billion in 2020, will reach a revised size of $ 62.7 billion by 2027 and during the analysis period with a CAGR of 6.8% grow 2020-2027.
Soil remediation, one of the segments analyzed in the report, is expected to record a 6.1% CAGR and reach $ 19.2 billion by the end of the analysis period. After an early analysis of the business impact of the pandemic and the economic crisis it caused, growth in the wastewater remediation segment will be adjusted to a revised CAGR of 7.7% for the next 7-year period.
The US market is valued at $ 11.6 billion, while China is forecast to grow 6.5% CAGR
The U.S. bioremediation technology and services market is estimated at $ 11.6 billion in 2020. China, the second largest economy in the world, is expected to reach a market size of 11 billion US dollars by 2027, which corresponds to a CAGR of 6.5% over the analysis period 2020 to 2027. Other notable geographic markets include Japan and Canada, which will grow by 6.6% and 5.5% respectively in the period 2020-2027. Growth of approx. 5.6% CAGR is forecast for Germany within Europe.
Oilfield Remediation segment has 7.2% CAGR
In the global Oilfield Remediation segment, the US, Canada, Japan, China and Europe will drive the CAGR estimated for that segment of 7.3%. These regional markets, with a combined market size of $ 6.1 billion in 2020, are projected to reach a projected size of $ 9.9 billion by the end of the analysis period. China will be one of the fastest growing in this cluster of regional markets. Led by countries like Australia, India and South Korea, the Asia-Pacific market is projected to reach $ 7.3 billion by 2027.
Selected competitors (38 recommended):
Aquatech International LLC
InSitu Remediation Services Limited
Ivey International Inc.
RT Environmental Services, Inc.
Sarva Bio Remed GmbH
Sevenson Environmental Services Inc.
Sumas Remediation Services Inc.
Key topics covered:
1. MARKET OVERVIEW
Insights into the influencer market
World market trajectories
Effects of COVID-19 and an impending global recession
2. FOCUS ON SELECTED PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information on this report, see https://www.researchandmarkets.com/r/nu39qz