The Global TOC Analyzer Market was valued at 1003.87 million in 2019 and is projected to reach USD1597.71 million by 2027, growing at a CAGR of 6.45% from 2020 to 2027.
Total organic carbon (TOC) analyzers are devices used to analyze the organic carbon content in these water or liquid solutions. These devices are necessary to account for chemical solvents and bacteria that contaminate water solutions. Benefits of TOC analyzer include â€“ fast measurement, high temperature combustion, availability of injection systems, ex-zone housings, multi-stream measurement, low cost of ownership, and easy to operate and maintain.
1. Market Drivers
1.1 Rising government initiatives and policies related to water and wastewater treatment
1.2 Growing innovations and improved capabilities
1.3 Increasing demand for water and wastewater treatment
1.4 Rising application areas of TOC analyzer across various industries
1.5 Advantages of TOC analysis over BOD and COD analysis
1.6 Rising adoption of preventive and predictive maintenance services
2. Market Restraints
2.1 Lack of technical expertise to operate TOC analyzer
2.2 High cost
2.3 Issues related to reliability of analyzers
The Global TOC Analyzer Market is segmented on the type, component, technology, application, vertical, and region.
2. By Component:
3. By Technology:
3.1 UV Persulfate Oxidation
3.2 High-Temperature Combustion
3.3 Ultraviolet (UV) Oxidation
4. By Application:
4.1 Wastewater Treatment
4.2 High Purity Water
4.3 Source Water
4.4 Surface Water
4.5 Water for Injection
4.6 Industrial Process Water
5. By Vertical:
5.2 Energy and Power
5.4 Food and Beverages
5.7 Oil and Gas
6. By Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa
The major players in the market are as follows:
2. TOC Systems Inc.
4. General Electric
6. Teledyne Tekemar
8. Lar Process Analysers
12. Elementar Analysensysteme GmbH
13. Comet Analytics, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global TOC Analyzer Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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