Fredrick royan

1,248 views
1,027 views

Published on

TBLICONFERENCE Europe 2011

Published in: Technology, Business
0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
1,248
On SlideShare
0
From Embeds
0
Number of Embeds
20
Actions
Shares
0
Downloads
66
Comments
0
Likes
1
Embeds 0
No embeds

No notes for slide

Fredrick royan

  1. 1. Sustainable Water Treatment Technologies in the 2020 Global Water Market TBLI Conference Europe, 10th and 11th November 2011, London Workshop 19 - Water By Fredrick Royan, Research Director, Global Environment (Water) Markets Email: froyan@frost.com
  2. 2. Agenda Headline Trends of Global Water Technologies Market 2020 Mega Trend of Sustainable/Smart Water Solutions – Headline Trend – Key Sustainability Drivers – Technology Roadmap Select Growth Platforms for Sustainable Water & Wastewater Treatment Technologies – Advanced Aeration Systems Market – Water Reuse & Recycling and Nutrient Removal – Non-chemical Disinfection of Water & Wastewater – Smart Water Grid Market – Food & Beverage Water & Wastewater Treatment Market Global Ballast Water Treatment Market
  3. 3. Headline TrendsWater & Wastewater Treatment Market: Key Market Drivers and Restraints (World), 2011 Headline Trends Environmental Growing Intrinsic link to Legislation demand for Energy Initiatives to Quality potable water Markets  Carbon footprint and resource recovery are raise access to Private Sector Requirements the focus areas of the Global Water Sector Drivers Drivers Drivers Drivers sanitation Investment  Acute Water stress and Millennium Development Goal related objectives of access to safe drinking water and sanitation is key driver of investment in developing countries. Restraints Restraints Restraints Restraints Failed Regionally Lack of Privatisation  Retrofit and refurbishment needs to dominate Ventures Market Maturity in Poor Public development markets. Enforcement Sector EU (& USA) Source: Frost & Sullivan Capital BUT: Water & Wastewater Treatment Market: Sustainable Water & Wastewater Treatment Solutions (World), 2011  Ever increasing energy needs of water infrastructure and treatment plants. Water  Loss of valuable resources in waste streams. SO: Sustainable  Timely need for sustainable solutions both in Water & Wastewater processes and operations of water & Treatment Solutions wastewater treatment. Energy Material Resources
  4. 4. Headline Data for Global Water Market for 2010 Water & Wastewater Treatment Market: Total Investment and Revenue Share by Utilities and Solutions & Services (World), 2010 Global Water Market $425 Billion, 2010 Total Global Water Investment = $425 billion in 2010 All steps of value chain: • W&WW Utilities, i.e. In-sourced operations W & WW • W&WW Solutions & Services: Utilities • Treatment Equipment & Systems 58% • Process & Automation Equipment W & WW • Maintenance Services Solutions • Build & Infrastructure & • Design & Engineering Services Services • Outsourced operations 42% Source: Frost & Sullivan Water & Wastewater Treatment Market: Total Investment and Revenue Share by Solutions and Services (World), 2010Share of Services versus Solutions in Global Municipal & Industrial W&WW Markets, (from total of $179.6 billion, 2010). Operation Services 22% Treatment Equipment Maintenace & 19% Build & Service Solutions Monitoring Services 14% $65 Bn Process Control $115 Billion 36% Equipment 64% including pumps Design / Consulting 8% 8% Build / Chemicals Infrastructure 8% 21% Source: Frost & Sullivan
  5. 5. Revenue Share Analysis of Chemical and Non-ChemicalSolutions in the Global Water Market Water & Wastewater Treatment Market: Revenue Share Analysis of Non-chemical and Chemical Solutions (World), 2010 Chemicals $15.00 Billion W&WWTE $34.59 Billion Corrosion & pH adjusters and Other Scale Inhibitors Softeners W&WW 1 6% Sludge 14% Filtration & Treatment Purification 14% 55% Biocides & Anti-foaming Disinfectants Agents 22% 5% Biological Activated WWT Carbon 11% Coagulants & 1 2% Flocculants Membranes Disinfection 31% 15% 5% Chemicals 23% Treatment Process Equipment Control 54% Equipment (Valves, Monitoring, Controls) 8% Pumps 15% Process Equipment & Pumps $15.00 Billion Source: Frost & Sullivan
  6. 6. Global Water & Wastewater Treatment EquipmentMarket, 2010 to 2015Water & Wastewater Treatment Equipment Market:Growth Forecasts for Total Market, Municipal and Water & Wastewater Treatment Equipment Market: Revenue Industrial Segments (World) 2010-2015 Trend by Technology Segments by Regions (World), 2010 14.00Equipment Market CAGR 2010-2015 12.002010 0% 10% Revenues ($ Billion) 10. 00 Ind Sludge 8. 00 Mun Sludge TOTAL 100% $34.59 Bn 7.5% Ind WW 6.00 Mun WW Ind WaterMunicipal 61% $19.63 Bn 7.8% Mun Water 4. 00 Industrial 39% $14.97 Bn 7.1% 2.00 0. 00 West Europe East Europe North America Latin America ME & Africa APAC & Caribbean Note: All figures are rounded . Source: Frost & Sullivan Source: Frost & Sullivan• Rapid increase in populations both in developing countries as well as major urban centres• Lack of freshwater resources is less of a region specific issue and fast becoming global• Ageing water & wastewater infrastructure of the developed regions coupled by increasing stringent legislation
  7. 7. 2020 Mega Trend: Sustainable Water Management Solutions Key Sustainability Drivers Water & Wastewater Treatment Market: Key Sustainability Drivers (World), 2011-2015 Political & Financial Regional/National Environment Business & Financial Agencies International Agencies Protection Agencies Social Rapid Population Growth Water Quality & Water Supply & Sanitation & Urbanisation Public Health Needs of Remote Communities Ecological Carbon Footprint Storm/Flood Aquatic biodiversity & water Management Water Stress Habitats Economical Water reuse and Recycling Material Resource & Non Revenue Water Water Tariffs Energy Recovery Source: Frost & Sullivan
  8. 8. 2020 Mega Trend: Sustainable Water Management Solutions Sustainable/Smart Technologies Along the Value ChainWater Abstraction and Treatment byend-users: Domestic Rainwater Harvesting Lakes, Rivers Drinking Water Households, Storage Systems and Treatment Commercial Groundwater Reservoirs Water Plant and Distribution Point of Use (PoU) Network Institutional Oceans and Desalination /Point of Entry (PoE) Water Needs Brackish Water Plant Water Process Water Reuse, Treatment Industry Recycling & Water Trading NeedsWastewater Treatmentand Disposal: On-site Industrial Combined wastewater Industrial Treatment Wastewater Treatment Plants Wastewater Sewage Collection On-site Household Disposal to Oceans and Treatment Plants Network /Community Surface Waters Wastewater Sludge Treatment Treatment PlantOpportunities for SustainableTreatment Technologies Plants Energy fromOpportunities for Smart Water Wastewater Ballast WaterGrid Solutions Treatment in the Shipping Industry
  9. 9. 2020 Mega Trend: Sustainable Water Treatment Solutions  Technology Roadmap 1980 1990 2000 2011 2020 Integrated Water Management & Material, Resource & Smart Water Solutions Thermal Energy Recovery Desalination Bio Solids Water Needs of Developing Countries Evolution of Advanced Management Water Turnkey WW Treatment Storm water Management Services Solutions (ex. Nutrient removal) Management Retrofit, Replacement & Upgrading Technologies Service Re-Use & Membrane and Solutions Outsourcing Recycling Chemical free treatment Technology Ballast Water Treatment RO Desalination Treatment Systems for Worldwide Small Communities Sanitation Water & Wastewater Water Water Re-Use Sustainable/Low-Carbon Treatment Management & Recycling Solutions & ServicesThe market message and response…sample of companies equipped with a sustainable solution and/or service
  10. 10. 2020 Mega Trend: Membranes Fuels Growth Momentum Revenue Forecasts by Key Technologies Water & Wastewater Treatment Equipment Market: Revenue Forecasts by Key Technologies (World), 2010-2015Total Market Segmented by Technology (Total Global Market Size in 2010 = $34.59 billion) $ Billion Market CAGR 2010-2015 Share (%) Low (<5%) Med (5-8%) High (> 8%) Membrane Bioreactors (MBR) 0.7 1.9 Very High RO 1.8 5.1 High MF 1.0 2.8 High UF 1.2 3.5 High NF 0.4 1.3 Med UV 0.5 1.6 High Ozone 0.1 0.6 High UASB (Municipal) 0.2 0.5 High Chlorination 1.1 3.5 Med Demineralisation 0.8 2.4 Med WW Pre-Treatment 1.4 4.2 Low W&WW Clarifiers 3.5 9.9 Med Other Primary WW 3.8 11.1 Med Activated Sludge 3.7 10.7 Med Other Biological WW 4.0 10.9 Med Sludge Thickening 1.5 4.4 Low Sludge Dewatering 1.8 5.2 High Sludge Digestion 0.7 2.0 High Sludge Drying 0.7 2.0 High Filtration 5.5 16.0 Med Source: Frost & Sullivan
  11. 11. 2020 Mega Trend: Integration Opps. Along Value Chain Opportunities of IntegrationSample of Players along the Membrane Systems Value Chain Innovative Membranes & Solutions 1.Stratkraft – Osmotic Power 2.Aquaworx – Ultrasound metallic filtration 3.Nano H20 4.Porifera Polymers & Modules Water & Process Solutions Membranes Ceramic Polymeric Polymeric1.Arkema • Applied Membranes • Norit X-Flow2.BASF • Asahi Kasei • Dow Water Solutions3.Dow Water Process • Dow / Film Tec • 3M Cuno Solutions Solutions4.DuPont • GE Osmonics • GrahamTek5.Lanxess 1.GE Water 1.Pall • Nitto • Inge6.Solvay 2.Siemens Water 2.Koch Membrane Denko/Hydranautics • Koch Membranes7.Toyobo 3.Veolia Water 3.Millipore • Lanxess * • Millipore 4.Degremont 4.Alfa Laval • Trisep • Pall Corporation 5.Dow Water Solutions • Toray Membrane • Rochem 6.ITT Industries • Memstar Ceramic 7.Pentair • Hyflux • Metawater 8.Doosan Hydro Ceramic • JIUWU Hitech 9.Biwater • Metawater • Atech Innovations 10.Severn Trent Services • JIUWU Hitech • Atech Innovations
  12. 12. 2020 Mega Trend: Sustainable Water Treatment Solutions Few of the Technologies in Select Growth Markets Energy Efficiency Improvements with Advanced Aeration Systems Diffused Aeration Systems Biogas Generation from Wastewater Treatment (Anaerobic Digesters such as Up flow Anaerobic Sludge Blanket Systems) Water Reuse & Recycling Systems Market (Membrane Bioreactor Systems) Nutrient Removal & Wastewater Treatment Solutions for Rapidly Growing Cities (Moving Bed Bioreactor Systems) Chemical Free Water & Wastewater Treatment (UV & Ozone) Smart Water Solutions to Improve Efficiencies and Decarbonise Water Services (Smart Water Grid and Smart Water Metering Market)
  13. 13. $2 Bn Diffused Aeration Systems Market – CAGR 10% Unmet Needs Present Opp. Membrane Cos. Diffused Aerators Market: Revenue Forecast (Global), 2010-2015 4,000.0 2010 2015 CAGR 25.0% 3,500.0 20.0% 3,000.0 2,500.0 15.0% CAGR $ million 2,000.0 1,500.0 10.0% 1,000.0 5.0% 500.0 0.0 0.0% Middle East & Americas Europe Asia Pacific Global Africa 2010 725.0 900.0 200.0 400.0 2,225.0 2015 900.0 1,200.0 500.0 980.0 3,580.0 CAGR 4.4% 5.9% 20.1% 19.6% 10.0% Note: Above figures are top level estimates from secondary research and analysisUnmet Needs....• Reduction in the energy needs of aeration systems• Preventing fouling of membrane surface• Customising diffused aeration systems to specific wastewater effluents• Reducing life cycle and maintenance costs of diffused aeration to affordable levels
  14. 14. $ 700 Mn MBR Market – CAGR 13.9% Strong Legislative Drivers & Increasing Water Stress Membrane Bioreactor Markets: Revenue Forecast and Revenue Share Trends by Regions (Global), 2004-2014 Revenues Revenue Growth Revenue Revenue Growth Rate Year ($ Million) Rate (%) $ Million (%) 2004 291.0 1400 40.0% 2005 315.4 8.4 35.0% 1200 2006 421.0 33.5 30.0% 1000 2007 484.4 15.1 25.0% 2008 566.4 16.9 800 20.0% 2009 649.5 14.7 600 2010 748.1 15.2 15.0% 400 2011 834.1 11.5 10.0% 2012 946.7 13.5 200 5.0% 2013 1067.5 12.8 0 0.0% 2014 1207.9 13.1 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Compound Annual Growth Rate(2007-2014): 13.9% Year Year APAC (%) Europe (%) NA (%) MEA (%) CSA (%) APAC Europe NA MEA CSA 2004 21.3 20.4 35.0 19.4 4.0 100% 2005 22.9 19.6 35.3 18.4 3.8 2006 29.2 21.5 28.4 18.0 2.9 80% 2007 33.2 19.6 27.4 17.1 2.6 Revenue Share 2008 35.1 17.8 26.3 18.5 2.3 60% 2009 32.5 16.7 25.9 22.8 2.1 2010 34.2 15.6 25.1 23.1 1.9 40% 2011 33.2 15.2 25.5 24.3 1.8 20% 2012 33.2 14.7 25.5 25.0 1.7 2013 32.6 14.4 25.6 25.8 1.6 0% 2014 32.1 14.1 25.9 26.4 1.5 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 YearKey: APAC- Asia Pacific, NA – North America, MEA – Middle East & Africa, CSA – Central & South America Source: Frost & Sullivan
  15. 15. MBBR Market to Treble in Size to $600 Mln by 2015  Key Drivers – Nutrient Removal and Urbanisation Moving Bed Bioreactor Market: Revenue Growth by Geographic Regions (World), 2008 and 2015 Europe 250.0 8.6 200.0 Revenues ($ Million) The Americas Asia Pacific 150.0 250.0 116.8 140.0 9.0 100.0 120.0 4.5 200.0 Revenues ($ Million)Revenues ($ Million) 100.0 50.0 3.9 150.0 136.3 76.1 80.0 21.0 62.3 0.0 18.1 60.0 100.0 2008 2015 40.0 4.0 50.0 Middle East and Africa 4.0 47.7 24.8 79.2 20.0 6.9 21.3 120.0 0.0 10.0 0.0 2008 2015 13.7 2008 2015 100.0 Revenues ($ Million) 80.0 Global MBBR Revenues ($ Million) 55.2 Market 2008 2015 60.0 Industrial 54.3 243 40.0 Municipal 59.4 370.6 Package Plants 13.9 37.2 20.0 4.2 40.3 Total 127.6 650.8 6.7 0.0 4.9 Key: 2008 2015 Note: All figures are rounded; the base year is 2008. Source: Frost & Sullivan
  16. 16. Approx. $ 400 Mn UV Market Consolidating Position as Chemical Free Disinfectant Water and Wastewater Disinfection Systems Market: UV Disinfection Systems Market: Revenue Forecasts by Revenue Share by Chemical, UV and other Technologies Region & Global (World), 2008 and 2015 (World), 2006 and 2013 700 2008 2015100% 600 Revenues ($, Million) Other90% Disinfection 50080% Technologies 40070%60% 300 Chlorine50% 20040% 10030% 020% Middle East UV Americas Europe Asia Pacific Global10% & Africa 0% 2008 171 150 21 44 386 2006 2007 2008 2009 2010 2011 2012 2013 2015 244 220 57 105 626Recent & Exciting Market Developments • LED has begun to make an impact on Point of Use and Point of Entry UV Disinfection Systems. • NeoTech’s exciting proposition and the wider application of LED will transform the global disinfection market by 2020
  17. 17. Urban Regions are Leading Smart Urban Planning Initiatives  Emergence of Smart Water Grid and Related SolutionsSMART Buildings: At SMART Infrastructure:least 50 per cent of Multimodal Transport Hubs SMART Energy: 20buildings will be Green Providing Excellent per cent of energyand will be Intelligent built Air, Rail, Road Connectivity produced in the citywith BIPV. Around 20 per to Other Mega Cities will be renewablecent of the buildings will (through sources likebe Net Zero Buildings. wind, solar etc)SMART Technology: SMART GRIDIntelligent & NETWORK:communication Infrastructuresystems to enable realconnecting timehome, office, monitoring ofiPhone and car on energies toa single wireless IT optimiseplatform efficiency and inform Satellite Towns: decisions Main city centre will SMART Cars: At least 10 merge with several per cent of cars will be satellite towns to form electric vehicles. Free fast ONE BIG MEGA charging stations at every CITY half mile Source: Google Images
  18. 18. Global Smart Water Grid Market  Water Utilities Leveraging ICT to Improve EfficienciesTraditional Manual Water Grid 2010s : Smart Water Grid Time Source: blog.airdye.com consuming, costly, infrequent and prone to human error Data Data is transmitted Analysis1970s Automatic Meter Reading wirelessly. Handheld & Exchange receivers and drive- by networks first but moving increasingly towards fixedSource: signsworldwide.com networks 2010s AMI Smart Water Grid Revolutionizing the Water Industry Current technology allows • Using information to integrate traditionally two-way communications departmentalised water utilities between the • Network of real time sensors to offer depth of utility, customers and analysis previously unattainable infrastructure to maximise • Maximizing operations and control to reduce efficiency and savings carbon footprints and improve efficiencies to Source: roadtrafficsigns.com realize tangible financial benefits.
  19. 19. Global Smart Water Grid Market  Strong Growth, Especially from 2015 Onwards Smart and Conventional Water Grid Penetration, Global, 2010-2020100% 14.4% CAGR 2010-202090%80%70%60% $5.8B $8.7B $22.2B50% Total Market Total Market Total Market40% Value Value Value 29%30%20%10% 0% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Conventional Water Network Smart Water Network 19
  20. 20. Global Smart Water Grid Market  Technology Landscape Smart Water Smart Valves Smart Water Smart Cloud services, third party Meters and Pipes Quality Monitors Pumps analytical services and water utility billing and operations MQ Q Q MQ U MQ U V P V P M QM M Q UAdapted from: UK Drinking Water Inspectorate V P 20
  21. 21. Global Smart Water Grid Market  Market Attractiveness by Tech Segment and Regions Smart Water Grid Vertical Market Smart Water Grid Regional Attractiveness, Global 2010 Attractiveness, Global 2010 30.0 25.0 ICT, Analytical Software, $1.03B APAC, 25.0 LatAm, $0.82B 20.0 $0.33BSegment Growth Rate, 2010-2020 (%) Segment Growth Rate, 2010-2020 (%) North America, 20.0 $2.42B Smart MEA, 15.0 Engineering Infrastructure, $0.54B 15.0 and Design $3.36B $0.33B 10.0 Europe, 10.0 $1.68B Control and Automation, $1.05B 5.0 5.0 0.0 0.0 0 10 20 30 40 50 60 70 0 10 20 30 40 50 Market Share (%) Market Share (%) 21
  22. 22. European Smart Water Metering Market  Smart Water Meters in 50 % EU Households by 2020 Smart Water Meter Market Penetration, 2007 - 2020, 2030 (Europe) Households (000) Water Meters (000) Smart Water Meters (000) 240000 200000Households & Water Meters (000) 160000 120000 Market 80000 Revenue Market $7.8B Market Revenue Revenue $2.6B 40000 $1.2B 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2030 22
  23. 23. Global Food & Beverage Water & Wastewater Market Sustainability to Define Tech Opportunity in Bev & Dairy Water & Wastewater Treatment in the Dairy, Cheese and Beverages Market : End-user Revenue Shares by Regions (Global), 2010 and 2020 500 250 600.0 200.0 Market Revenues ($, million) APAC, 2010Market Revenues ($, million) Market Revenues ($, million) Market Revenues ($, million) Americas, 2010 Europe, 2010 SAME, 2010 500.0 400 200 150.0 400.0 300 150 300.0 100.0 200 100 200.0 50.0 100 50 100.0 0.0 0.0 0 0 250.0 500 200.0 Market Revenues ($, million) Americas, 2020 Europe, 2020 600.0 Market Revenues ($, million) APAC, 2020Market Revenues ($, million) SAME, 2020 Market Revenues ($, million) 200.0 400 500.0 150.0 300 150.0 400.0 100.0 300.0 200 100.0 200.0 100 50.0 50.0 100.0 0 0.0 0.0 0.0 Key: SAME – South Asia and Middle East, APAC – Asia Pacific» Beverages market in the APAC where the market is set to more than double and the SAME region set to more than triple over the next 10 years.» Dairy segment will witness dramatic growth and treble in market size both in the APAC and SAME region.» In the developed regional markets of Americas and Europe the growth momentum will be fuelled by the new build opportunities from the emerging segments of Latin and South America and Eastern Europe respectively.23
  24. 24. Ballast Water Treatment Market  Shipping Traffic and “Alien Invasive Species”The main shipping routes, 2007  The problem: “alien invasive species”  The implications: huge negative impact on the environment, economy and even human health  The reaction: adoption of the International Maritime Organisation’s (IMO) Convention for the Control and Management of Ship’s Ballast Water and Sediments in 2004Source: www.newscientist.com after the Royal Society/Gastner  The market impact: emergence of new market for ballast water treatment systems
  25. 25. Ballast Water Treatment Market  Types of Ballast Water Treatment (BWT) Technologies Total Ballast Water Treatment Systems Market: Overview of BWT Technologies (World), 2009  Filtration (screen or disc type)  A majority of BWT systems identified Solid-liquid by Frost & Sullivan (13 out of 49)  Hydro cyclone separation consist of two process stages - solid-  Coagulation liquid separation and disinfection.  Most of the solid-liquid separation +  Ozone processes are based on filtration (screen or disc type), with four  ChlorinationBallast Water Chemical systems using a hydro cyclone and disinfection and  Electro chlorination/Electrolysis one using coagulation. Treatment de-chlorination  Seakleen (BWT)  The remaining 13 technologies  Residual chlorine neutralizationTechnologies include only the disinfection  Ultraviolet (UV) irradiation phase, which typically consists of Disinfection  De-oxygenation one, two or three processes. Physical disinfection  Heat (thermal treatment)  Some of the BWT systems combine  Magnetic treatment (mix of physical and disinfection methods (examples chemical) include UV irradiation with advanced oxidation or chlorination with  Cavitation Micro-agitation cavitation).  Ultrasound  Over 60 per cent of the identified systems have not commenced the Advanced  Using TiO2, OH, Fe6+* and IMO certification process, and many oxidation others are still in the pilot testing and development stage. Note: Ti02 = Titanium Dioxide, OH = Hydroxyl Radical; Fe6+ = Ferrate; Seakleen = Menadione-based technology offered by Hyde Marine Inc. Source: Frost & Sullivan; Lloyd’s Register, Ballast Water Treatment Technology: Current Status, September 2008; Dobroski, C. Scianni, L. Takata and M. Falkner Ballast Water Treatment Technologies for Use in California Water, October 2009
  26. 26. Ballast Water Treatment Market  Global Ballast Water Treatment Systems Market Total Ballast Water Treatment Systems Market: Revenue Forecasts (World), 2009-2020 62% $21.1 billion 34% $11.6 billion 4% 2017-2020 $1.35 billion 2013-2016 2009-2012Note: All figures are rounded; the base year is 2009. Source: Frost & Sullivan
  27. 27. Ballast Water Treatment Market Diverse Competitive Environment Total Ballast Water Treatment Systems Market: Competitive Overview (World), 2009 Opportunity seekers Ship owners and ship builders <10 Companies 4 Companies Small R&D initiatives focusing on  Large ship owners and ship builders from development of BWT systems to Asia that aim to omit intermediaries sell it later on. (independent BWT suppliers) and gain the market share alone leveraging their Small companies offering existing position in the industry innovative technologies looking to apply them in the BWT systems marketIndustrial groups W&WW Industry 5 Companies Competitive Suppliers Competences in many Environment <10 Companies industries (including marine)  Established suppliers of and market segments equipment/system and services for the Continuous portfolio expansion water and wastewater industry and entries into new attractive  Originate from various countries markets like BWT. International and regional (Asian) participantsMarine industry suppliers Start-ups dedicated to BWT>10 Companies <10 Companies Providers of equipment/system and services for the  Small start-up’s established over the last decade to develop marine industry BWT systems. Supply of BWT is the only/core competence Small and medium sized companies  Some already acquired by larger companies Originate from various countries  Originate from various countries Source: Frost & Sullivan

×