News Release -- San Diego, Calif. -- Environmental industry executives predicted improved growth in 2011 compared to 2010's modest recovery, according to Environmental Business Journal's 2011 Snapshot Survey edition.
More than 320 executives, managers, and professionals representing a broad cross-section of the environmental industry responded to the survey, which provided data on their business fortunes for 2010 and forecasts for 2011. In keeping with the pattern in past surveys, an overwhelming plurality (47%) were from environmental consulting and engineering (C&E) firms.
Purchase EBJ 2011 Snapshot Survey Edition, Vol.XXIV, No.2 (24 pages, 15 charts, 18,500 words) for $150
2010 Growth and 2011 Forecast
If 2010 was a better year than 2009, it wasn't by that much. Survey respondents reported revenue growth in ranges:
Shale Gas and Renewable Energy Lead Growth by Client Category
While federal agencies such as the Department of Defense (DOD), the Department of Energy (DOE), and the U.S. Environmental Protection Agency (EPA) ranked at or near the top among environmental industry clients in recent years, they dropped substantially in the 2011-2013 client ranking forecast by respondents.
Leading prospects for growth in 2011-13 are shale gas exploration and production, a client sector that burst on the scene over the past year as new drilling and extraction techniques like horizontal drilling and hydraulic fracturing have made gas production economical, attracting the attention of the environmental industry, including consulting & engineering, hazardous waste and wastewater treatment specialists.
Renewable energy was the second ranked client sector for 2011-13, followed by petroleum extraction and refining, mining, and power utilities.
Energy Efficiency and Renewable Energy Lead Service/Media Ranking
Energy efficiency, perhaps spurred by substantial stimulus dollars, topped the ranking of growth prospects in the environmental industry by Service/Media for 2011-2013. Renewable energy development was a close second despite a well publicized slowdown in project financing.
When rating future market drivers, not surprisingly EBJ survey respondents see continued energy development, both conventional and renewable, as the top factor driving the environmental industry in 2011. "Although budget issues could affect the outlook, federal markets remain stable. Meanwhile renewable energy and gas fields exploration and production appear to present the best opportunities," said Grant Ferrier, president of Environmental Business International Inc., publisher of EBJ.
This edition also features articles on the outlook for the environmental C&E business, the remediation, water/wastewater and analytical laboratory segments, and internal management and cost issues.
Purchase EBJ 2011 Snapshot Survey Edition, Vol.XXIV, No.2 (24 pages, 15 charts, 18,500 words) for $150
Editors contact Grant Ferrier at 619-295-7685 x 15 for editorial comment and access to research.
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