Industry Analysis & Industry Trends
The Remediation and Environmental Cleanup Services industry has grown slowly over the past five years, as volatility in downstream industrial markets has been largely offset by stable government funding. Industrial activity has yet to rebound fully to prerecessionary levels, making government investment in contaminated site cleanups important to industry growth. However, in the next five years, constraints on government spending and further recovery in industrial activity will expand the private sector's share of industry revenue. During this period, industry operators are expected to reduce their dependence on labour through investments in technology, which will make the industry more profitable... purchase to read more
Industry Report - Industry Investment Chapter
The Remediation and Environmental Cleanup Services industry operates with a low to medium level of capital intensity. IBISWorld estimates that for every $1.00 spent on wages, the industry will allocate $0.12 to capital investment. This 2016 figure represents a slight decrease from $0.14 in 2010. Industry services are highly dependant 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