TOC Analyzer Market Size, Share and Trends Analysis Report by Category, By Company Size, By Indication, By Stage, By Services, By End Use and Segment Forecasts, 2022 – 2031

Kenneth Research, in its repository of market research reports, has recently added a report on TOC Analyzer Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The TOC Analyzer Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for TOC Analyzer Market products.

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The Global TOC Analyzer Market was valued at USD 835.26 million in 2016 and is projected to reach USD 1,466.00 million by 2025, growing at a CAGR of 6.45% from 2017 to 2025.

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 – 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.

Market Dynamics:
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

Market Segmentation:
The Global TOC Analyzer Market is segmented on the type, component, technology, application, vertical, and region.

1. Type:
1.1 Laboratory
1.2 Online

2. By Component:
2.1 Software
2.2 Hardware
2.3 Services

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:
5.1 Chemicals
5.2 Energy and Power
5.3 Environmental
5.4 Food and Beverages
5.5 Pharmaceuticals
5.6 Semiconductor
5.7 Oil and Gas
5.8 Others

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

Competitive Landscape:
The major players in the market are as follows:
1. Shimadzu
2. TOC Systems Inc.
3. Mettler-Toledo
4. General Electric
5. Hach
6. Teledyne Tekemar
7. Endress+Hauser
8. Lar Process Analysers
9. Xylem
10. Metrohm
11. Eltra
12. Elementar Analysensysteme GmbH
13. Comet Analytics, Inc.
14. Skalar

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 RESEARCH:
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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