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 Locations Chapter
The distribution of remediation and environmental cleanup services facilities is highly correlated with the dispersion of downstream markets, particularly oil and gas companies. As a result, the industry is concentrated in Alberta and Ontario, where the possibility of industrial facility accidents and environmental emergencies remains high.
In 2016, 28.3% of industry establishments are expected to be located in Alberta, compared with only 11.1% of the population. Alberta's rapidly increasing oil and gas sector is primarily the reason for the industry's concentration in the region. For example, 72.7% of the Oil Drilling and Gas Extraction industry's (IBISWorld report 21111CA) establishments are located in Alberta... purchase to read more