Cleaning up: Chart Industries is seeing a growing demand for its liquid oxygen systems
Treatment for clean water is one of the macro trends driving business for equipment manufacturing giant Chart Industries in 2020.
Other business segments such as LNG may have a bigger potential market size for Chart, but the US company still estimated water treatment to have a potential market size of $400m in its 2019 Investor Presentation in November.
Chart CEO Jill Evanko said on a recent financial call, “In recent months we’ve seen municipalities across the United States exploring oxygen ozone systems for these applications.”
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