Korea’s environmental industry has grown at approximately 15% annually between 2006 and 2014, where it has reached a market size of €92 billion with waste and water management leading the share. Growth is expected to continue, especially in waste management and recycling, water supply and wastewater treatment and air pollution prevention.
Public contracts will shift to private contracting opportunities in the near future, opening the door for new players. This represents great business opportunities for European companies, especially in the following sectors:
- Waste sector, mainly waste-to-energy technologies and facilities
- Water sector including Operations & Maintenance solutions, systems and technologies.
- Air sector, mainly air pollution control technology
- Other opportunities in Environmental Safety & Health, and innovative solutions for the soil restoration market