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TOC Analyzer Market 2019-2023 Analysis, Trends and Forecasts


According to the new market research report "TOC Analyzer Market by offering (Hardware, Software, and Services), Type (Online and Portable), Technology, Application (High-Purity Water, Wastewater treatment, Surface Water), Industry, and Geography - Global Forecast to 2023", the TOC analyzer market is expected to grow from USD 828.1 Million in 2016 and is expected to reach USD 1,286.4 Million by 2023, at a CAGR of 6.3% during the forecast period. The growth of this market can be attributed to the rising demand for water and wastewater treatment. In the recent past, the water and wastewater treatment practice is among the most important environmental conservation processes, which are being encouraged globally. Total Organic Carbon (TOC) analyzers are used in wastewater treatment plants to monitor industrial and municipality effluents to adhere to the regulation and standards laid by the legislative authorities in the respected countries, and at various points throughout the treatment process for preventative control.
The market for online TOC analyzers likely to grow at a higher CAGR during the forecast period
On the basis of monitoring, the TOC analyzer market for online TOC analyzers is expected to witness the highest growth rate during the forecast period. In the recent past, many companies have been attracted toward converting from laboratory TOC analysis to automated water release using on-line TOC analyzers to improve quality and lower the costs of producing purified water. Online TOC analyzers facilitate real-time identification and understanding of critical TOC parameters present in the water samples. Online analyzers are also better for recurring or routine TOC testing requirements.
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TOC Analyzer Market

Target Audience:
  • 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
TOC analyzers are usually valued at a higher price than conventional analyzers, which is one of the major restraints for the market growth. The cost of ownership of TOC analyzer providing companies does not limit to initial purchase stage, but the end users also incur additional costs for additional accessories and spare parts, maintenance as well as calibration processes, among others. Thus, although TOC analysis has recently evolved as a standard test for water and wastewater analysis, many companies globally prefer using the conventional analyzers. Thus, investment huge capital requirement restraints small enterprises to enter into the market.
Europe held the largest size of the TOC analyzer market in 2016. The presence of prominent market players, along with the strengthening government regulations for environmental conservation in the European region in countries such in Germany and the UK, is driving the demand for TOC analyzer systems in Europe. The TOC analyzer market in APAC is expected to grow the highest CAGR during the forecast period.
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