iCrowdNewswire Nov 4, 202012:00 AM ET
Report Ocean has recently published a research study on the global TOC analyzer market. The report, titled “Global Total Organic Carbon (TOC) Analyzer Market Size, by Product type (Portable TOC & Benchtop TOC Analyzer), by Technology (Ultraviolet (UV) Oxidation, Ultraviolet (UV) Persulfate Oxidation & High-temperature Combustion), by End-use Industries (Oil & gas industry, Pharmaceutical industry, Environment Monitoring, Food & Beverage industry, Petrochemical industry, Semiconductor industry and Chemical industry) and Regional Forecasts 2020-2027,” offers a detailed assessment of this market, including individual analyses of each of its segments.
The global Total Organic Carbon (TOC) analyzer market reached approximately US$994.68 mn in 2019 and is anticipated to rise at a healthy CAGR of more than 6.30% over the forecast period of 2020-2027.
The worldwide market for Total Organic Carbon analyzers is gaining substantially from the rising need for water and wastewater treatment among consumers. Over the last few years, the water and wastewater treatment practice have surfaced as one of the most significant ecological protection measures that are being encouraged across the world. TOC analyzers are utilized in wastewater treatment plants to screen the industrial and municipality wastes in order to adhere to the guideline and norms laid by the government authorities in the respective economy. As per the Statista, in 2018, the worldwide modern wastewater treatment industry was US$10.6 mn, which is projected to reach US$15 mn by the end of 2024. In addition to this, the continued establishment of various end-use industries and the increasing demand for high quality water are likely to provide lucrative growth opportunities for TOC analyzer manufacturers in the years to come. On the contrary, the high cost of equipment required may hinder the growth of this market over the next few years.
The research report also offers a geographical assessment of the global market for Total Organic Carbon analyzers. As per the study, the global market reports its presence across North America, Europe, Latin America, Asia Pacific, and the Rest of the World. North America is the leading regional market for TOC analyzers across the world. The rising need for high quality water in almost all high-end manufacturing industries and the presence of prominent market players in this region are supporting the growth of this regional market. Asia Pacific is also anticipated to exhibit highest growth rate over the forecast period. Factors, such as the mounting population and the growing awareness towards wastewater treatment and requirement to cater the augmenting needs of the consumers are likely to boost this regional market in the near future.
Impact of Covid 19 on Global Total Organic Carbon Analyzer Market
The global TOC analyzer market has been impacted positively by the Coronavirus pandemic. The outbreak of this virus has left consumers concerned about their surroundings and daily intakes. Water treatment is one of the most sought-after services as an aftereffect of Covid pandemic. The high demand for TOC analyzers in water treatment is supporting this market substantially.
- North America is the leading regional market for TOC analyzers across the world.
- Asia Pacific is also anticipated to exhibit highest growth rate over the forecast period.
The global Total Organic Carbon analyzer market is segmented into:
By Product Type
- Portable TOC Analyzer
- Benchtop TOC Analyzer
- Ultraviolet (UV) Oxidation
- Ultraviolet (UV) Persulfate Oxidation
- High-temperature Combustion
By End-use Industries
- Oil & gas industry
- Pharmaceutical industry
- Environment Monitoring
- Food & Beverage industry
- Petrochemical industry
- Semiconductor industry
- Chemical industry
- North America
- Asia Pacific
- Latin America
- Rest of the World
Companies Mentioned in the Report
- General Electric
- Lar Process Analysers
- Teledyne Tekemar
Keywords: Total Organic Carbon Analyzer Market, Total Organic Carbon Analyzer Market Size, Total Organic Carbon Analyzer Market growth, Total Organic Carbon Analyzer Market trends, Total Organic Carbon Analyzer Market report, Total Organic Carbon Analyzer Market analysis