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San Francisco, CA (PRWEB) December 05, 2012
The environmental protection sector in China has developed rapidly due to ongoing capital investment and increasing public and government concerns on environmental pollution. Revenue for the Environmental Monitoring industry in China has been increasing 18.2% annually over the past five years to $1.3 billion in 2012, says IBISWorld.
The Environmental Monitoring industry in China has a low level of concentration with the top four companies Guohua Ebara Environmental Engineering, Shaanxi Zhonghui Environmental Protection, Yantai Municipal Drainage Administrative Division, and Beijing Feiyan Petrochemical Environmental Protection Technological Development contributing less than a quarter of industry revenue. Many top players, such as Guohua Ebara and Beijing Feiyan, are invested by large industrial corporations to deal with their own pollution problems. As such, their business scopes are quite narrow. Other players include independent environmental monitoring agencies, financially independent subsidiary companies of government bureaus like Yantai Municipal Drainage Administrative Division, and research institutes.
Over the next five years, several trends will support the development of the Environmental Monitoring industry in China. According to IBISWorld, these include: more foreign capital, an increasing number of environmental engineering projects across China; greater public and government attention to environmental issues; the transfer of business from government agencies to private and joint venture enterprises; improving technology, and expansion of the market to include households.