Cleaning up: Industry revenue is forecast to expand as California increases its annual crude oil production

Over the five years to 2017, industry revenue has grown marginally. Operators in the Remediation and Environmental Cleanup Services industry in California primarily perform site and building remediation services to remove mold and asbestos, which are found at high levels in the state. In California, industry operators primarily perform site and building remediation services to remove mold and asbestos, which are found at high levels in the state. As a result, industry revenue trends similarly to trends in the state's construction sector. Over the five years to 2022, industry revenue is forecast to grow at a faster rate. California's construction sector is forecast to remain strong during the five-year period...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
0.5%
Forecast Growth 17-22
Profit
Employment
7,297
Businesses
404
What Our Customers Say

Industry Threats & Opportunities

  • Crude oil production has decreased over the past five years, which has mitigated industry revenue growth
  • Industry growth has been partially moderated by declines in crude oil production
  • Profit is expected to stabilize over the next five years
  • Industry Report - Industry Investment Chapter

    This industry displays a medium level of capital intensity, with participants spending an estimated $0.06 on capital for every dollar spent on labor. Considering the nature of the work, there are minimal opportunities for capital to replace labor. However, the industry does require specialized machinery for different cleanup services; capital investment costs are almost exclusively in equipment and machinery used for remediation and cleanup services. Nevertheless, industry operators rely on machinery with a long useful life, which moderates the operators' investment by enabling them to spread the cost over the course of several years. Thus, capital intensity is low.Over five years to 2017, capital intensity has increased slightly because the industry has expanded. Man...purchase to read more.

    Additional Insights for the Remediation & Environmental Cleanup Services in California Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Remediation & Environmental Cleanup Services in California Industry are

  • Having a diverse range of clients
  • Ability to alter mix of inputs in line with cost
  • Ability to effectively manage risk
  • IBISWorld analysts also discuss how external factors such as Annual Crude Oil Production in California and Local and State Government Expenditure in California in the Remediation & Environmental Cleanup Services in California industry impact industry performance..

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    What is the Remediation & Environmental Cleanup Services in California Industry?

    Industry companies remediate contaminated buildings, soil and ground water; remove hazardous material; and abate toxic materials, such as asbestos and lead. California industry operators also undertake mine reclamation activities including demolition, waste-water treatment and revegetation. Although the industry includes revenue earned through state and federally funded cleanup projects in California, it excludes budget outlays to government agencies that engage directly in services.

    Industry Products
  • Site remediation services
  • Building remediation services
  • Environmental emergency response services
  • Other services
  • Industry Activities
  • Abating and removing asbestos
  • Remediating and cleaning up buildings
  • Abating and removing lead paint
  • Cleaning up oil spills
  • Remediating and cleaning up contaminated sites, including mine sites, soil and ground water
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Annual Crude Oil Production in California
  • Local and State Government Expenditure in California
  • Manufacturing GDP for California
  • Value of nonresidential construction in California

  • Current Performance
  • California commits to clean energy
  • Building remediation drives industry expansion
  • Chart: Revenue Growth

  • Industry Outlook
  • Profit and industry landscape
  • Aliso Canyon and crude oil production
  • Table: Remediation & Environmental Cleanup Services in California Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Remediation & Environmental Cleanup Services in California Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Mining
  • Industrial Building Construction
  • Demolition & Wrecking
  • Manufacturing
  • Petrochemical Manufacturing
  • Gas Pipeline Transportation
  • Refined Petroleum Pipeline Transportation
  • Administration of Government Programs

  • Key Selling Industries
  • Environmental Consulting
  • Waste Treatment & Disposal Services

  • Products & Services
  • Building remediation services
  • Site remediation services
  • Environmental emergency response services
  • Other services
  • Chart: Remediation & Environmental Cleanup Services in California Industry Products and Services Segmentation

  • Major Markets
  • Businesses
  • Households
  • State and local governments
  • Federal government
  • Not-for-profit organizations
  • Chart: Major Market Segmentation for the Remediation & Environmental Cleanup Services in California Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Depreciation
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Remediation & Environmental Cleanup Services in California

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Remediation & Environmental Cleanup Services in California Industry

  • MG Remediation Inc.Patriot Environmental ServicesSoCal Remediation Inc.Weiss Associates
  • Table: MG Remediation Inc. - financial performance
  • Table: Patriot Environmental Services - financial performance
  • Table: SoCal Remediation Inc. - financial performance
  • Table: Weiss Associates - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Remediation & Environmental Cleanup Services in California Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Remediation & Environmental Cleanup Services in California Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Brownfield
  • Abandoned or underused industrial and commercial facilities available for re-use. Expansion or redevelopment of such a facility may be complicated by real or perceived environmental contaminations.
  • Contamination
  • In this industry's context, the presence of man-made chemicals or other alteration in the natural soil and water environment.
  • Superfund Act
  • Formally called the Comprehensive Environmental Response, Compensation and Liability Act, is a piece of legislation introduced in 1980 to define penalties for environmental infringements.
  • Why buy this report?

    The Remediation & Environmental Cleanup Services in California industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
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    This report on Remediation & Environmental Cleanup Services in California:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Remediation & Environmental Cleanup Services in California market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Remediation & Environmental Cleanup Services in California, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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