Mcilvaine Insights

 

No. 203   July 7, 2022


Betty Tessien

       Latest NO64 Market Developments

       Acquisition and Expansion Guide in Air, Water, and Energy

 

Latest NO64 Market Developments

Mcilvaine is making forecasts relative to what has been termed air, water, and energy markets.  However, we now have a more precise definition.  It is all the products covered in Mcilvaine report NO64 as explained in the next article.

During the last week this market has been impacted by energy developments

       The price of oil has dropped and raised concerns about a recession

       Europe is bracing for a winter without Russian energy by extending the life of coal plants and placing some gas and nuclear plants in the acceptable taxonomy category

       Bioenergy with CCS has critics but has lots of backing now


The price of West Texas Intermediate crude, the U.S. benchmark, dropped 8% Tuesday to $99.50 per barrel and settled at $98.53 Wednesday. Thatís down from March 8th's closing price of $123.70 per gallon.

Brent Crude, the world benchmark, dipped below $100 per barrel for the first time since April before settling at $100.69 Wednesday.

The European Union voted to keep some specific uses of natural gas and nuclear energy in its taxonomy of sustainable sources of energy.

Bioenergy with carbon sequestration continues to be a significant technology for the next 40 years. Since it is carbon negative it may be employed for a much longer time.

The UK is relying on BECCS but has received criticism due to the supply fragility and cost. Since the UK must rely on wood pellets from the U.S. opponents say it is a dangerous situation.  On the other hand, the UK is not reliant on Russian gas which is much more risky.

The cost of BECCS is being compared to electricity from a new nuclear plant. In many locations solar and wind are cheaper. However, wind, solar and nuclear are not carbon negative. If you want to offset other CO2 sources or even reduce the ambient CO2 you need a carbon negative technology.  BECCS is the only game in town.  Direct separation is much more expensive and is not commercially proven.

 

Acquisition and Expansion Guide in Air, Water, and Energy

Multi divisional companies and private equity firms are looking for the next best fit. It may be in the $500 billion market involving movement, measurement and treatment of air, gases, water, and liquids.

This best fit for higher revenues and profits can be the result of synergistic products and or knowledge.

For example, Ametek last year purchased Magnetrol who is a market leader in level control for tough applications in pollution control and process separation. The fit for a major instrument company such as Ametek is obvious. But what about a system supplier such as Andritz who is expanding their Metris Digital Solutions? Is it a question of synergistic products or synergistic processes? What about a private equity firm who may have synergistic companies in its portfolio or is interested in a standalone acquisition?

McIlvaine analyzes the markets, competitors, processes and acquisitions in dozens of segments of this market. But these individual services are designed to answer the question of whether a specific target company is a great fit.

NO64 Air/Gas/Water/Fluid Treatment and Control: World Markets answers a more basic question which is what company or class of companies deserve attention.

This service can be combined as part of package. NO 64 is Step1. A focused report is Step 2. Step 3 can be follow-on consulting.

Here is what you get with NO 64 versus the focused reports.

Service

N064

Focused Report

Market Forecast

 

 

        Geography

World

80 Countries

        Industries

17

17

        Products

Groups

Very Specific

Monthly Newsletter

One

Each 

Insights

Weekly

Weekly

Analyses

Broad

Focused

OEM Directory

Continually Updated

Continually Updated

Acquisition Database

One Year

10 Years

 

The report includes the following subjects.

Fabric Filter

Scrubber

FGD

DeNOX

Thermal/Catalytic

Air Filtration

Hose And Fittings

Fans, Blowers Compressors

Liquid Filtration

Sedimentation

Centrifugation

Membranes

Pumps

Valves

Ultrapure Water

IIoT - Guide

IIoT- Control

IIoT - Measure

Cleanroom Hardware

Cleanroom Consumables

Cleanroom Services

Treatment Chemicals

 

The June 2022 newsletter is shown at http://www.mcilvainecompany.com/sample/AWE_529/AWE_June_2022.htm

 

The acquisition directory rates the synergy. If all the products are in the NO64 scope a score of 100 is assigned. The synergy with other N0 64 products is also rated with a potential from 0-100. So, a perfect score is 200.

The directory additions for June show a synergy low of 20% where the acquired measurement company is mostly focused outside the NO64 scope. The high is 173% for a measurement acquisition tied closely to filtration and separation.

Acquirer

Acquired

Subject

FF

SC

FGD

ESP

Sed

LF

Cart

Mem

Air Filt

NOx

Pump

Valve

IIoT

CR

Other

Total

Nitto

Bend

measure

20

20

CD&R

Roper

divestiture

10

10

10

5

2

10

80

10

20

157

Alfa Laval

Scanjet

tank cleaning

40

10

50

CWS

Stax

consumables

100

100

MDI

Cardiac

labs

20

20

60

100

Faix Capital

Air Care

FFU control

30

30

50

110

G-Con

Pasteurcorp

walls

70

70

Asgard

SEL

design

20

20

100

140

Dover

Malema

flow sensor

30

100

130

Ametek

Magnetrol

flow, level

5

5

5

5

5

5

1

10

1

5

10

10

100

1

173

CECO

Index Water

treatment

20

20

1

5

46

Micronics

NFM

filter bags

50

50

100

SWM

Neenah

filter media

10

5

5

20

20

10

80

Evoqua

Smith Engr.

treatment

5

5

5

5

5

10

15

50

One Equity

Desmi

pumps

5

10

5

2

5

100

127

Bonomi

Ghibson

valves

3

5

3

5

100

116

John Cock.

Hamon Cool

cooling

5

5

5

10

5

10

40

80

Sandvik

Schenck Mi.

mining  equip..

10

5

5

5

5

10

40

80

Carlyle

Envea

measure

5

5

5

5

5

5

5

100

10

145

 

Abbreviations:  FF= fabric filters, SC = scrubbers and adsorbers; FGD = flue gas desulfurization, ESP = electrostatic precipitator, sed = sedimentation and centrifugation; LF = liquid filtration, cart = cartridge; mem = membrane; Air Filt = air filter, NOx= DeNOx, Pump = pumps, Valve = valves, IIoT= guide, control, measure, CR = cleanroom hardware, consumables, service; Other = related process equipment

 

For more information on this report click on NO64 Air/Gas/Water/Fluid Treatment and Control: World Markets.

Bob McIlvaine can answer your questions at 847 226 2391 or rmcilvaine@mcilvainecompany.com

 

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