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 - Starting a New Business Chapter
The Remediation and Environmental Cleanup Services industry maintains medium barriers to entry. Overall capital costs are moderate, allowing smaller companies to acquire the necessary equipment and machinery needed to provide remediation services. However, operators are subject to extensive regulations at the federal, provincial and local levels, adding additional difficulties for prospective entrants.
As industry operators focus on environmental cleanup, they are subject to extensive government cleanup standards. These standards can vary depending on the specific geographic conditions involved, and so are dependent on soil texture, groundwater usage and other factors. Cle.. purchase to read more