Description
Environmental Business Journal, Volume 37 Numbers 3/4: Q2 2024 Environmental Industry Outlook
Environmental Business Journal®’s annual survey of environmental industry executives capturing 2023 growth and profit performance, as well as forecasts for revenue growth out to 2026. EBJ ratings of new practice areas highlight service innovations in play in 2024. Rating of growth prospects in 35 client sectors and all USA geographic regions reveal where firms are aiming their business development assets. Opinions on the pace of energy transition and the tail of the fossil fuel industry shape planning scenarios, and leading advisors indicate srong valuations for firms but still an active M&A market. Executive Q&As provide perspective on new companies and key segments. Market features include two profiles on Nature-Based Solutions and a complete section on Renewable Energy Consulting & Engineering summarizing CCBJ market model and 2023 survey results.
Table of Contents
Environmental Industry Outlook remains optimistic even coming off record years of growth in key segments. Economic indicators, global security and election uncertainty are factors, but infrastructure and climate funding, energy transition, ESG, PFAS, water and resilience demands across the client spectrum fuel growth. Firms deal with labor shortages and price increases, but margins and valuations remain high 1-15
Anguil Environmental Integrates Contractor Adding Value in APC Solutions 16
Labella Associates Creates Leadership Position In Climate & Environment 17
Dudek CIO Tackles the Present & Future of Generative Artificial Intelligence 20
Spheros Environmental Combines Companies in a Common Culture 22
Cultural Resources Market Matures; Growth From NEPA, NHPA & BIL 25
Eurofins Environment Testing Keeps Ahead of Changing Environmental Market 28
Groundwater & Environmental Services Stresses Quality & Safety in Key Sectors 31
Envirocon Optimistic About Growth in Remediation Contracting 45
Corvias Infrastructure Solutions Leads Community-Based Water Partnerships 47
Jacobs Furthers Implementation of Nature-Based Solutions in Southeast Asia 50
EA Engineering Science and Technology Leads With Nature-Based Solutions 54
Marine Taxonomic Services Grows 20% in Aquatic Biology Services 56
CCBJ Segment Feature: Climate Change Consulting Continues Double-Digit Growth as Practice Areas and Projects Grow in Mitigation & Compliance and Adaptation & Resilience 58=65
Financial Indicators: M&A Multiples on the Rise in the AEC Industry 67
EBJ Lifetime Achievement Award profiles: Steve Nalefski, Retired Senior VP & General Manager, Environmental Services, Burns & McDonnell; and James “Jim” Walsh, Chairman of SCS Engineers were honored at EBJ’s Environmental Industry Summit XXII in San Diego in April 2024 35-44
Exhibits
Growth of the U.S. C&E and Environmental Industry, 2000-2024
Proposals & Projects Resulting from the BIL & IRA
Company’s Gross Revenue Growth Rates: 2019-2024
Billing Rate, Labor & Salary Increases: 2021-2023
Operating Margins: 2019-2023
Operating Margin Change: 2022 & 2023
Ranking by Growth Prospects for Environmental Markets by Client Sector: 2024 vs 2023
Rating of Geographic Market Growth Prospects in 2024-2025
Rating of Client Sectors for Market Growth Prospects in 2024-2025
Most Active New Practice Areas in Environmental Firms in 2024
Coal: % of US Electricity Generation 2005-2050
Renewable Energy as a % of US Electricity (Non-hydro; power generated not capacity)
The U.S. Environmental Industry 2022-2023 ($bil & growth)
EBJ U.S. Environmental Industry in 2023 and 2024-2026 Forecast
EBJ’s Key Market Driver & Forecast Elements
Public Market Metrics: Selected Environmental Segments: First Quarter 2024
For more information on the Environmental Industry, click here to visit the EBJ homepage.
