TOC Analyzer Market by offering (Hardware, Software, and Services), Type (Online and Portable), Technology, Application (High-Purity Water, Wastewater treatment, Surface Water), Industry, and Geography - Global Forecast to 2023
“The rising demand for water and wastewater treatment fueling the growth of the TOC analyzer market”
The Total Organic Carbon (TOC) analyzer market is expected to grow at a CAGR of 6.3% between 2017 and 2023 to reach USD 1,286.4 million by 2023, from USD 828.1 million in 2016. The rising water and wastewater treatment practice across the globe to protect the environment and industrial processes has increased the demand for TOC analyzer solutions. However, the high cost of ownership limits the growth of the TOC analyzer market.
“The growth of TOC analyzer market expected to be fueled by the pharmaceuticals industry during the forecast period”
The pharmaceuticals industry is expected to hold a significant share of the TOC analyzer market during the forecast period. TOC measurement is critical to the pharmaceuticals industry because various regulatory bodies have established limits for TOC in high-purity water, water for injection (WFI), and other uses of water in the pharmaceuticals industry. Also, to verify that the equipment is free from the previous drug batch, the TOC parameter is used for the evaluation of the cleaning process. Besides pharmaceuticals, other industries that hold a major share in the TOC analyzer market are environmental, oil and gas, chemicals, energy and power, semiconductor, and food and beverages, among many others.
“The TOC analyzer market in APAC to grow at the highest CAGR during forecast period”
The market for TOC analyzers in APAC is expected to grow at the highest CAGR between 2017 and 2023. The rapid industrialization and the growth in stringent regulations and standards related to water and wastewater treatment practices in countries such as China and India attribute to the growing demand for TOC analyzers in the region. Also, government efforts to increase the access to fresh water and improve the poor condition of surface water sources are expected to drive the TOC analyzers market in this region.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key officials in the TOC analyzer market. Following is the breakup of the primary participants for the report:
• By Company Type: Tier 1 = 50 %, Tier 2 = 30%, and Tier 3 = 20%
• By Designation: C-Level Executives = 60%, Directors = 25%, and Others = 15%
• By Region: North America = 35%, Europe = 30%, APAC = 25%, and RoW = 10%
Moreover, the report profiles the key players in the TOC analyzer market and analyzes their market ranking. The prominent players profiled in this report are General Electric Company (US), Shimadzu Corporation (Japan), Mettler-Toledo International Inc. (Canada), Hach Company (US), LAR Process Analysers AG. (Germany), Teledyne Tekemar Company Inc. (US), Xylem, Inc. (US), Endress+Hauser Management AG (Germany), ELTRA GmbH (Germany), Metrohm AG (Switzerland), Elementar Analysensysteme GmbH (Germany), and Skalar Analytical B.V. (Netherlands).
This research report categorizes the TOC analyzer market on the basis of offering, type, technology, application, industry, and geography. Moreover, the report provides a description of the major drivers, restraints, challenges, and opportunities pertaining to this market as well as the value chain analysis and market ranking analysis.
Reasons to Buy the Report:
The report would help the leaders/new entrants in the TOC analyzer market in the following ways:
1. The report segments the TOC analyzer market comprehensively and provides the market size estimation for all subsegments across different regions.
2. The report helps stakeholders understand the pulse of the market and provides them with the information on key drivers, restraints, challenges, and opportunities for the TOC analyzer market.
3. The report would help stakeholders understand their competitors better and gain insights to improve their position in the TOC analyzer market. The competitive landscape section describes the competitor ecosystem.