OriginClear, Inc., a leading provider of water treatment solutions, has announced its recognition of a major shift toward decentralisation in water treatment. OriginClear believes that more industrial water users are treating their dirty water onsite, creating growth opportunities for local water service companies. OriginClear acquired Dallas, Texas-based Progressive Water Treatment last year, and has announced its intention to continue to aggressively acquire such companies.
“We’ve been in talks with companies in the water sector that are reporting fast growth,” said Bill Charneski, President of the OriginClear Group. “It’s an indication of a potential major change in the existing growth rate of revenues in the water industry at large, reportedly between 2 and 20% per year, depending on the subsector.”
Industry research firm Lux Research stated: “New technologies…can decentralise water and wastewater infrastructure while improving water reuse by treating to a high standard at a small scale close to the source of generation. Additionally, new automated analytics offer solutions for these more complex decentralised solutions.”
“You could say that ‘water is the new solar’,” said Riggs Eckelberry, OriginClear CEO. “There's one important difference: while a solar panel requires very little service in its lifetime, water is extremely service-intensive, and each user has unique challenges dealing with their own water process. Therefore, we see a very large opportunity for local water service companies.”
Eckelberry concluded, “It is not unreasonable to believe that a fast growing company could be created from aggregating water treatment companies that are small today, but potentially growing far in excess of industry growth rates to date. It is our intention to be that company.”
Recently, the Industrial Water Technology Markets report published by Global Water intelligence (GWI) stated that: “industrial water is the fastest growing sector of the global water market, according to the Food and Agriculture Organization. The market for industrial water treatment technologies is set to expand by more than 50% over the next five years, from an estimated US$7 billion in 2015 to more than US$11 billion in 2020.”
Adapted from press release by Rosalie Starling
Read the article online at: https://www.hydrocarbonengineering.com/refining/28062016/originclear-shift-toward-decentralisation-in-water-treatment-3597/