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Remediation & Environmental Cleanup Services in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Remediation & Environmental Cleanup Services in Canada Market Research Report | NAICS 56291CA | Jul 2015

Toxic waste: Constrained government spending will cause short-term decline in revenue

IBISWorld’s Remediation & Environmental Cleanup Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 10-15
1.6%
Annual Growth 15-20
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Profit
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Employment
6,543
Businesses
625
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 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

 


Industry ProductsRelated ReportsTable of Contents

What is the Remediation & Environmental Cleanup Services Industry?

This industry remediates and cleans up contaminated buildings, mine sites, soil and ground water. Industry firms also undertake soil remediation, wastewater treatment, hazardous material removal and abatement of toxic materials, such as asbestos and lead.

Industry Products
Site remediationBuilding remediation Environmental emergency response services
 
Industry Activities
Providing site remediation servicesProviding building remediation servicesProviding environmental response services


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