On-line Total Organic Carbon (TOC) Analyzer Market Global Share, Size 2019 Industry Development Analysis, Trends, Growth Factors, CAGR Status, Industry Insights, Top Key Players And Forecast To 2023

On-line Total Organic Carbon (TOC) Analyzer Market Global Share, Size 2019 Industry Development Analysis, Trends, Growth Factors, CAGR Status, Industry Insights, Top Key Players And Forecast To 2023

“On-line Total Organic Carbon (TOC) Analyzer Market”
On-line Total Organic Carbon (TOC) Analyzer Market Share, Size, Trends, And Business Opportunity Analysis Report 2019 include historic data, with forecast data to 2023. On-line Total Organic Carbon (TOC) Analyzer report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023

Market Insight

The global online TOC analyzer market is set to expand notably at a CAGR of 5.56% by achieving USD 528.3 million, during the forecast period 2014-2023, reveals Market Research Future in its latest study. The study also included various factors, segmental analysis and regional study to understand the future dynamics of the market.

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Market Drivers & Trends

The rising demand for water and wastewater treatments is noted to be the crucial factor in the growth of the market substantially. With the increasing concerns on the health risks and environmental influences of chemicals, organic contaminants, and decontamination of by-products in the supply of water and wastewater, governments across numerous regions have announced several emission guidelines are boosting the growing demand for water and wastewater treatment equipment. In a case of point, the European Union (EU) have reorganized their current supervisory agendas and therefore formed new standards for regulating wastewater production and promoting recycling and reuse. These factors have eventually driven the market for on-line TOC analyzer market and would continue to do so in its growth period.

At the same time, the significant driving factors that are driving the global total organic carbon analyzers market are the need to analyze the wastewater from organic matter. Furthermore, more factors that boost the growth of the global total organic carbon analyzers are the reliability, compatibility, and portability of the equipment as they can oxidize organic compounds efficiently.

On the flip side, the factor of high cost of equipment is another major restraining factor that can restrict the growth of the on-line TOC analyzer market during its growth period.

Market Segmentation

The segmental analysis of the global online TOC analyzer market has been conducted by the elements of technology, application, and end-user.

In terms of end-user: Wastewater treatment and non-wastewater treatment are the segments. Among these, the wastewater treatment held the largest market share of 62.84% in 2016, and market value of USD 332.0 million, which is now likely to observe the highest CAGR of 5.81% during the assessment period.

In terms of technology: Ultraviolet oxidation, UV persulfate oxidation, and high-temperature combustion are the segments. Among these, the high-temperature combustion segment held the largest market share of 45.35% in 2016, with a valuation of USD 239.6 million. The market is now projected to observe the highest CAGR of 6.13% during the review period.

In terms of application: River water, pharmaceutical, food & beverages, chemicals, semiconductor, rainwater, and others are the segments. Among these, the river water segment held the largest market share in 2016, and a valuation of USD 135.3 million, which is now projected to observe a CAGR of 6.06% during the growth period.

Regional Outlook

Regionally, the market for the on-line TOC analyzer market has been studied among the key regions of North America, Asia Pacific, Europe, and the Rest of the World.

Among these, the North American market for on-line TOC analyzer was led by 32.0% in 2016, and a market value of USD 169.0 million, which is projected to observe a CAGR of 5.62% during the assessment period. The U.S. held for the largest market share in the region. Canada being the other primary market for TOC analyzer as it is likely to witness a CAGR of 4.44% during the forecast period. Lack of freshwater resources is, therefore, fulfilling the requirements of the growing population, which is yet another essential driver driving the growth of the TOC analyzer. With this, high demand from various end-use industries in North America, such as food & beverages, pharmaceutical, and chemical, is also catering positively and driving the growth of the market.

Europe is the second-largest region for an on-line total organic carbon analyzer market. The growth of the market in this region is for factors such as strengthening government rules for environment conservation and industrial water and wastewater treatment in countries such as Germany, and the U.K. Germany holds for the largest share in the Europe TOC analyzer market. Additionally, Germany is rising particularly in plant breeding and agrochemicals, making it a critical destination for the TOC analyzer market.

Asia Pacific region also recorded to have a vast potential for the TOC analyzer market and is likely to observe the highest CAGR during the forecast period. The market is blowing here due to water contamination, which is one of the significant issues in the Asia Pacific region. Such a situation is mainly due to rising environmental deterioration, high soil erosion, occasional floods, and growth in pollution levels in India, China, and Japan. The availability of clean water is diminishing, which is driving the demand for water treatment in these countries.

Key Players

The significant players of global on-line TOC analyzer market are listed as SUEZ (France), Hach Company (U.S.), Zhejiang Tailin BioEngineering Co., Ltd. (China), Xylem Inc. (U.S.), and Mettler-Toledo International Inc. (U.S.), Comet Analytics, Shimadzu Corporation (Japan), Elementar Analysensysteme GmbH (Germany), LAR Process Analyzers AG (Germany), Metrohm AG (Switzerland), Inc. (U.S.), and Analytik Jena AG(Germany).

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