Increasing demands for the assessment of the organic pollution of water and the rising demand for water and wastewater treatments drives the high demands for TOC analyzers in application industries such as pharmaceuticals and semiconductors. Benefits over substitutes such as Bod and Cod Analyses and increasing adoption of preventive and predictive maintenance services are other factors driving the demand.
Market Size – USD 0.91 Billion in 2018, Market Growth - CAGR of 5.7%, Market Trends – Acquisition and increasing market presence across the globe
NEW YORK, April 18, 2019 (GLOBE NEWSWIRE) -- According to the current analysis of Reports and Data, the global TOC Analyzers market was USD 913.9 Million in 2018 and is projected to grow at a CAGR of 5.7% from 2019 to 2026. The major driving factors that drive the global total organic carbon analyzers market are the needs to analyze the wastewater from organic matter. The other factors that boost the growth of the global total organic carbon analyzers are the reliability, compatibility and the portability of the equipment. They are also able to oxidize organic compounds efficiently. The major restraining factor that restricts the growth of the TOC analyzer market is the high cost of equipment.
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The market is segmented based on offering, type, technology, application, and end use industry. By region, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America and Europe were the largest revenue generating markets for the review period. Asia-Pacific region is projected to grow at the fastest rate during the forecast period.
The Total Organic Carbon (TOC) is one of the most important composite parameters in the assessment of the organic pollution of water. Water quality monitoring for purity check is a critical factor for a number of processes in industries such as semiconductor manufacturing, power generation and pharmaceutical. The presence of organic compounds and other bacteria in water can result in the failure of storage, filtration, and other components and systems. When this type of contaminated water is left unfiltered, the compounds in the water can create significant challenges right from damaging the industrial system to the affecting product quality, thereby threatening the overall profitability of the organization. Water purity is critical for a number of industries such as pharmaceutical, semiconductor manufacturing, power generation, and food & beverage among others.
TOC analyzers are used in multiple fields, including evaluation of cleaning efficiency (cleaning validation), management of tap water, effluent, ultrapure water, management of pharmaceutical water used in drug manufacturing processes, and environmental investigations of river water and soils. Applications ranging from ultrapure water to environmental water, the worldwide total organic carbon analyzer market is expected to grow significantly during the forecasted period. Pharmaceutical water systems are complex and dynamic. Operators are challenged to maintain the integrity of their water systems to meet quality objectives and production schedules while achieving regulatory compliance with global Pharmacopeia standards. Total Organic Carbon (TOC) analyzers are employed across a wide range of industries for such measures as process and water quality control, EPA compliance and experimental research. These wide scale usages are majorly responsible for the increasing demands of TOC analyzers. However, technical challenges related to the reliability of analyzers and high equipment cost are a few challenges faced by the market players.
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Further key findings from the report suggest
For the purpose of this report, Reports and Data has segmented the Total Organic Carbon (TOC) Analyzers market on the basis of offering, type, technology, application, end user industry and region:
Offering (Revenue, USD Million; 2016–2026)
Type (Revenue, USD Million; 2016–2026)
Technology (Revenue, USD Million; 2016–2026)
Application (Revenue, USD Million; 2016–2026)
End User Industry (Revenue, USD Million; 2016–2026)
Regional Outlook (Revenue in USD Million; 2016–2026)
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