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TOC Analyzer Market to propel CAGR of 6.3% - Forecast 2019-2023
TOC Analyzer market report provides analysis of top players in all regions with industry size, growth, revenue, cost, sales, technology, market insights, demand, trend, key statistics and industry forecasts to 2023.
The Total Organic Carbon TOC analyzer market was valued at USD 828.1 Million in 2016 and is expected to reach USD 1,286.4 Million, at a CAGR of 6.3% during the forecast period from 2017 to 2023. The growth of this market is being propelled by the increasing demand for water and wastewater treatment, growing adoption of preventive and predictive maintenance services, benefits of TOC analysis over COD and BOD analyses, and its growing applications across various industries.
- TOC analyzer manufacturers
- Original equipment manufacturers (OEMs)
- Research organizations and consulting companies
- TOC analyzer-related associations, organizations, forums, and alliances
- Distributors and traders
- Government bodies such as regulating authorities and policymakers
- Venture capitalists, private equity firms, and startup companies
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The “wastewater treatment” segment held a larger share of the overall TOC analyzer market based on the application
Many countries across regions have stringent regulations and standards set by the legislative authorities pertaining to wastewater treatment and movement. The augmented standards of water quality in industrial applications and the stringent environmental laws on water treatment and wastewater management would drive the demand TOC analyzers for the wastewater treatment application. On the other hand, the market for the high-purity water application is expected to grow at a significant CAGR during the forecast period. The major factors encouraging the market for the high-purity water segment are its critical use in various industries such as pharmaceuticals, semiconductor, and energy and power.
The TOC analyzer market for the pharmaceuticals industry is expected to grow at the highest CAGR during the forecast period. TOC measurement is critical to the pharmaceuticals industry because various regulatory bodies have established limits for TOC levels in high-purity water, water for injection (WFI), and other uses of water in the pharmaceuticals industry.
Some of the major companies operating in the TOC analyzer market 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).
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