The US environmental industry’s total of $344.84 billion
in annual revenues represented 2.81 percent of the gross domestic
product in 2013, and environmental industry employment reached 1.75
The US remains the largest global market for environmental
technologies and services at $340.4 billion in 2013, followed by
Western Europe at $292 billion and Japan at $104.8 billion. The fastest growing
environmental markets are in the Middle East and Africa, both at 8
percent, and in Canada
at 7 percent.
Out of 14 business segments tracked by EBI, water utilities ($167.1 billion), clean energy systems and power ($164.7 billion)
and solid waste management ($163.8 billion) were the top
three global segments by size in 2013. Clean energy knocked solid
waste from the number two ranking it held in 2012.
According to George Stubbs of EBI’s Environmental Business
Journal, the US government as a client category was the single biggest
reason for declining growth in environmental service revenues in 2013.
The impact of federal markets was felt most acutely in environmental
consulting and engineering, one of 14 environmental segments tracked
by EBI since 1988.
In regards to the global environmental industry, the primary market
driver is resource development, led by oil and gas activity, followed by power, key
manufacturing sectors, water and wastewater utilities, and renewable
energy, according to a global markets survey conducted in summer 2014.