Sustainability Consulting Services Market Revenues to Reach USD 26.03 billion by 2029 – Market Size, Share, Forecasts, & Trends Analysis Report by Mordor Intelligence

Sustainability Consulting Services Market Revenues to Reach USD 26.03 billion by 2029 - Market Size, Share, Forecasts, & Trends Analysis Report by Mordor Intelligence

According to the latest research report titled, “Sustainability Consulting Services Market (2024 – 2029)” by Mordor Intelligence, the sustainability consulting services market is estimated at USD 12.85 billion in 2024 and growing at a CAGR of 15.17% during the forecast period 2024 to 2029. 

The sustainability consulting services sector is poised for sustained growth as companies seek to navigate evolving climate conditions, reduce greenhouse gas emissions, and align with global sustainability standards. Consulting firms are pivotal in assisting governments, businesses, and non-profit organizations in formulating strategies, implementing sustainable practices, and addressing the challenges presented by a dynamic climate-changing environment. 

In March 2023, Boston Consulting Group (BCG) announced the formation of its global Center for Climate & Sustainability Policy & Regulation to support clients as they navigate and shape the global transition to a net-zero, nature-positive world. 

Report Summary 

  • Market Size (2024): USD 12.85 billion 
  • Market Size (2029): USD 26.03 billion 
  • CAGR (2024 – 2029): 15.17% 
  • Study Period: (2019-2029) 
  • Forecast Units: Value (USD Billion)   
  • Report Scope: Market Dynamics, Revenue Forecast & Segmentation, Competitive Landscape & Recent Developments, Market Growth, Future Opportunities, and Trends    
  • Market Drivers: Increased Focus on the Reduction of Carbon Footprint and Fulfilment of Net Zero Targets and National Goals Across the Globe to Combat Climate Change  

Which are the Top Companies in the Sustainability Consulting Services Market?     

The sustainability consulting services market is fragmented with the presence of major players like Accenture PLC, Boston Consulting Group, Tata Consultancy Services, Capgemini SE, and Roland Berger. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.  

Prominent players in the Sustainability Consulting Services Market: 

  • Accenture PLC 
  • Boston Consulting Group 
  • Tata Consultancy Services 
  • Capgemini SE 
  • Roland Berger 
  • Bain & Company 
  • KPMG 
  • Ernst & Young 
  • Deloitte Touche Tohmatsu Limited 
  • PricewaterhouseCoopers LLP 
  • McKinsey & Company Inc. 
  • A. T. Kearney Inc. 
  • Godrej & Boyce Mfg. Co. Ltd (Godrej Industries Limited) 
  • RPS Group (Tetra Tech Inc.) 
  • SEA Energy 

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Key Highlights from the Sustainability Consulting Services Market Report 

 

1. Energy and Power: Leading the Way as the Largest End User Segment 

  • The energy and power industries are experiencing a substantial change toward cleaner and more sustainable energy sources. 
  • The changing renewable energy landscape, decarbonization, climate change measures, plant digitalization, energy storage, IIoT, smart grids, and the need for flexible energy assets are driving this transformation.  
  • Global energy investments are projected to reach approximately USD 2.8 trillion in 2023, with over USD 1.7 trillion earmarked for clean technologies. 
  • Globally, countries are actively promoting initiatives to encourage the use of environmental consulting services in the energy sector. Companies in these sectors are committed to providing specialized environmental consulting services. 
  • The expanding investment in clean energy is anticipated to boost sustainable consulting services within the energy and power sector.  
  • According to the International Energy Agency (IEA), global energy investment in clean energy increased from USD 1.22 trillion in 2019 to USD 1.62 trillion in 2022, with projections to reach USD 1.74 trillion by the close of 2023.  

2. North America to Witness Significant Growth   

The North American sustainability consulting services market is expanding due to rising environmental awareness, corporate focus on sustainability, and supportive regulatory measures. Companies are incorporating sustainable practices to contribute to market growth, recognizing the long-term benefits. This has led organizations to seek consulting services for efficient implementation and reporting. 

The United States announced the launch of the Net-Zero Government Initiative during the 2022 United Nations Climate Change Conference of the Parties (COP27), inviting governments to lead and achieve net-zero emissions from national government operations by 2050. 

In North America, vendors are swiftly engaging climate change consultants to devise and execute strategies for lowering greenhouse emissions and adapting to climate impacts. This proactive approach allows them to tap into emerging business prospects within the low-carbon economy. Notably, in May 2023, SWCA Environmental Consultants, a prominent environmental consulting firm in the United States, acquired ALO Advisors LLC, an international management consulting firm specializing in sustainability advisory services across diverse industries. 

What are the Latest Developments in the Sustainability Consulting Services Market?    

  • In October 2023 – KPMG launched a dedicated ESG Academy, in collaboration with Microsoft and leading universities, to empower and educate business leaders on climate and sustainability.  
  • In September 2023 – Tata Consultancy Services (TCS) launched the TCS Product Life Cycle Profiler, an innovative life cycle assessment (LCA) tool that offers a scalable and dynamic approach to product LCA by computing environmental impacts across product lines. 

Mordor Intelligence Report on the Sustainability Consulting Services Market segments the market based on product type, application, and geography: 

  • By Service Type (Market Size & Forecast based on Value (USD billion), 2024-2029)   
  • Climate Change Consultancy Services 
  • Green Building Consultancy Services 
  • ESG Consultancy Services 
  • Other Sustainability Consultancy Services 
  • By End User (Market Size & Forecast based on Value (USD billion), 2024-2029)   
  • Construction and Real Estate 
  • Breakdown By Service Type 
  • Breakdown By Geography 
  • Energy and Power 
  • Public Sector 
  • Other End Users 
  • By Geography (Market Size & Forecast based on Value (USD billion), 2024-2029)   
  • North America 
  • Europe 
  • Germany 
  • United Kingdom 
  • Benelux 
  • Poland 
  • France 
  • Nordics 
  • Rest of Europe 
  • Asia-Pacific 
  • Latin America 
  • Middle East & Africa 

In a nutshell, the Mordor Intelligence Market Research Report provides in-depth market insight to industry players, investors, researchers, consultants, and business strategists, looking for comprehensive details on the sustainability consulting services industry. Get a glance at the Sustainability Consulting Services Market Report (2024 – 2029) 

About Mordor Intelligence 

Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.  

With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.   

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