Albany, NY -- (SBWIRE) -- 05/08/2019 -- According to a new market, report published by Transparency Market Research the global HSE consulting and training services market was valued at US$ 35,074.2 Mn in 2017. It is expected to reach a value of US$ 59,832.1 Mn by 2027, expanding at a CAGR of 5.9% from 2019 to 2027. According to the report, North America and Europe together accounted for more than 50% share of the global market in 2018.

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Stringent Policies and Regulations Regarding Safety of Workers Drives the Market

Health, safety, and environment services are used by businesses to ensure employee safety at the workplace. Governments are actively executing HSE services across several industry verticals to follow environmental and occupational safety standards. The growing awareness about workspace and employee safety coupled with growing efforts toward maintaining safety have led the HSE consulting and training services market to grow at substantial speed. Government rules and regulations about workers safety is a driving factor for the market. For instance, the Australian government has passed the Work Health and Safety Act 2011 which is aimed at protecting the safety, health, and environment of all workers at the workplace. It also protects the safety and health of other people who might get affected by the work.

HSE Consulting and Training Services Market: Scope of the Report

In terms of service type, the market has been divided into risk assessment/management, accident reporting, hazard analysis management, contract management, process mapping, incident investigation & claims management, program development & audits, industrial hygiene, occupational health services, and others (laboratory services etc.). The industrial hygiene segment has been further sub-segmented into exposure monitoring, noise dosimetry and area monitoring, asbestos surveying, chemical hazard sampling, air quality assessments, environmental site assessments, and others (ventilation assessment etc.). The environmental site assessments sub-segment has been further divided into due diligence and subsurface investigations. The occupational health services segment has been further split into process standardization (posture, lifting etc.), medical data analysis, violence and harassment risk assessment, emergency response assessment, and ergonomic consulting.

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Based on industry, the market has been divided into manufacturing, utilities, government, construction and real estate, logistics and transportation, and others. The manufacturing segment has been further sub-segmented into automotive & discrete manufacturing, and process manufacturing. The automotive & discrete manufacturing segment has been further split into mechanical & plant engineering, aviation, and defense. The process manufacturing sub-segment has been further divided into metal, chemical, pharmaceutical, oil, gas & mining, and pulp & paper. The manufacturing segment held a major share of the market, in terms of revenue, in 2018, as the risk involved with this industry is higher as compared to that in other industries.