BOSTON — A new report by Lux Research, "Making Money in the Water Industry," found that startup companies are gaining a larger share of the wastewater treatment and monitoring solutions industry, according to an article by Forbes.
This industry, which has traditionally been dominated by legacy companies such as GE, Veolia, Siemans and Suez, is generating average operating profits of 12.9 percent as a whole, the article noted.
Using financial data from more than 150 large companies and 150 startups, continued the article, the report analyzed nine different sectors including wastewater monitoring and control, basic wastewater treatment, metals and organics recovery and disinfection; one quarter of all new startups focus on monitoring, forecasts and process controls.
According to the article, the report listed nine startups worth particular attention: ANDalyze, Alvim Srl, Baswood, BioGill, Emefcy, Gradek Energy, Microvi Biotechnologies, OptiEnz Sensors and Water Lens.
Read the full article here.