SAN FRANCISCO, January 29, 2019
SAN FRANCISCO, January 29, 2019 /PRNewswire/ --
Global TOC analyzer market is estimated to grow at a substantial CAGR of 4.68% by 2023 as the scope, product types, and its applications are increasing across the globe. Total organic carbon (TOC) is the amount of carbon found in an organic compound and frequently used as a non-specific indicator of cleanliness or water quality of pharmaceutical manufacturing equipment. The factors that propel the growth of the TOC analyzer market include growing application areas of TOC analyzers across various industries, benefits of TOC analysis over COD (Chemical Oxygen Demand) and BOD (Biochemical oxygen demand) analyses, rising demand for wastewater and water treatments and increasing acceptance of predictive and preventive maintenance facilities. On the other hand, there are factors that may hamper the growth of the market including the high cost of ownership limits. TOC analyzer market could be explored by offering, type, technology, application, industry, and geography. The market could be explored by offering as Software, Hardware, and Services. The "Hardware" segment led the TOC analyzer market in 2016 and is anticipated to maintain its dominance by 2023. Based on the type, the market could span Portable and Online. The "Online" segment led the market in 2016 and is anticipated to maintain its dominance by 2023.
The TOC analyzer market could be explored based on technology as UV Persulfate Oxidation, High-Temperature Combustion, Ultraviolet (UV) Oxidation, and Others. TOC analyzer market could be explored based on application as Water for Injection, High Purity Water, Industrial Process Water, Source Water, Surface Water and Wastewater Treatment. The "Wastewater" segment led the market in 2016 and is anticipated to maintain its dominance by 2023.TOC analyzer market could be explored by industry as Energy and Power, Pharmaceuticals, Oil and Gas, Environmental, Food and Beverages, Chemicals, Semiconductor and Others (pulp and paper, agriculture, metals, and mining and cement). TOC analyzer market is categorized based on geography into North America, Latin America, Japan, Middle East and Africa, Western Europe, Asia Pacific, and Eastern Europe. Europe accounted for the major share of the TOC analyzer market in 2016 and will continue to lead in the forecast period. The key factors that may attributed to the growth of market includes presence of prominent market players, government regulations for environmental conservation in the European countries such as U.K., and the Germany, increasing population, and the rising expenditure in the wastewater treatment.
The key players contributing to the robust growth of the TOC analyzer market comprise Ultra, Elementary Analysensysteme Gmbh, Comet Analytics, Inc., General Electric, Endress+Hauser, Lar Process Analyzers, Hach, Mettler-Toledo, Met Rohm, Skylar, Shimadzu, TOC Systems Inc., Teledyne Tekemar, Xylem and Uic Inc. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
Access 145 page research report with TOC on "TOC Analyzer Market" available with Radiant Insights, Inc. @ https://www.radiantinsights.com/research/global-toc-analyzer-market-outlook-2018-2023
Global TOC analyzer market is anticipated to grow at a CAGR of 4.68% by 2023. The report segments the market and forecasts its size, by volume and value, on the basis of application, by products, and by geography (North America, Europe, Asia-Pacific, MEA and South America).The Global Market for TOC analyzer to 2023 offers detailed coverage of TOC analyzer industry and presents main market trends. The market research gives historical and forecast market size, demand and production forecasts, end-use demand details, price trends, and company shares of the leading TOC analyzer producers to provide exhaustive coverage of the TOC analyzer.
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