Industry Analysis & Industry Trends
As demand for Canadian products fell due to the global recession, domestic manufacturing, mining, oil and gas and construction sectors suffered and demanded less remediation and cleanup services from the industry over the past five years. Over the five years to 2020, moderate increases in both industrial activity and government expenditure and investment will cause revenue to moderately grow... purchase to read more
Industry Report - Industry Investment Chapter
The Remediation and Environmental Cleanup Services industry operates with a low level of capital intensity. IBISWorld estimates that for every $1.00 spent on wages, the industry will allocate $0.08 to capital investment. This 2015 figure represents a slight decrease from $0.10 in 2010. Industry services are highly dependent on skilled labour, particularly in the form of engineers and subcontractors. Employees are needed to manage and perform all aspects of industry services.
However, for remediation of oil spills and other toxic waste contamination, specialized vessels and pumping equipment are also required. Other services, such as soil decontamination, also rely on technology to control air flow and pump contaminants out of soil... purchase to read more