The “Global Total Carbon Analyzer Market, by Sample Type (TC Analyzer for Liquid Sample and TC Analyzer for Solid & Liquid Sample), by Product Type (On-line TC Analyzer, Portable TC Analyzer, and Laboratory TC Analyzer), by Application (Pharmaceuticals, Waste Water Treatment, Semiconductors, Power & Energy, and Others (Drinking Water Treatments)) and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Forecast to 2027”, is expected to exhibit a CAGR of 8.1% during the forecast period (2019-2027), as highlighted in a report published by Coherent Market Insights.
Water purity holds major importance in numerous industries such as pharmaceuticals, power generation, electronics, and semiconductor manufacturing. Even a slight presence of bacteria and other organic compounds in water can result in failure of experiment, product manufacturing, storage, and overall profitability of the enterprise. Total carbon analyzer is used to determine the quality of the water by monitoring various types of organic compounds dissolved in water. Total carbon analysis has become essential in different industries, especially after stringent regulations set by International Technology Roadmap for Semiconductors (ITRS), which requires strict quality water in semiconductor industry.
The global total carbon analyzer market is estimated to account for US$ 1,069.4 Mn in terms of value and 48,135 Units in terms of volume by the end of 2019
Strict regulatory policies enforced across industries to maintain product safety is expected to drive the global total carbon analyzer market growth over the forecast period
Manufacturing industries across numerous domains need to adhere to regulatory guidelines and standards enforced by regulatory agencies such as the Food and Drug Administration (FDA), U.S. Environment Protection Agency (EPA), and Pharmacopeia of the U.S., Japan, India, and Europe. This, in turn, has accelerated the adoption of water analytical equipment for evaluation of water quality and quality of raw materials. Moreover, manufacturing industries such as pharmaceutical, power and energy, wastewater treatment, and food and beverages utilize analytical instruments for monitoring the organic load in a given solid or liquid sample. Such industries have witness high penetration of total carbon analyzer for monitoring water for injection, process water, ultra-pure water, wastewater, boiler feed and makeup water, effluent, etc. Therefore, these factors are expected to boost the global total carbon analyzer market growth over the forecast period.
Manufacturing of cost-efficient equipment is expected to pose significant business opportunities for market players in the near future
Total carbon analyzer is expensive equipment to purchase, especially for small business owners in emerging economies. Hence, key players in the market are investing heavily in research and development activities, in order to develop cost-effective total carbon analyzer. For instance, in October 2015, Beckman Coulter Life Sciences introduced QbD1200 Total Organic Carbon (TOC) Analyzer, which was designed for faster and higher TOC sample analysis throughout for a busy QC laboratory.
Increasing replacement cycle of total carbon analyzer is expected to hinder the global total carbon analyzer market growth over the forecast period
Slow development novel equipment and increasing replacement cycle of total carbon analyzer are expected to hamper growth of the global total carbon analyzer market during the forecast period. Over the years, only small upgrades have been made to total carbon analyzer such as online total carbon analyzer, size reduction, and addition of some extra features that enabled evaluation of solid and liquid samples. However, the total carbon analyzer comes with more or less same standard features, which has hindered the adoption of the equipment among consumers. Moreover, it has compelled consumer to purchase second-hand model to reduce the cost of manufacturing, thereby restraining the market growth in the near future.
Growing demand for second-hand conventional total carbon analyzer rather for newer model
Small end-use industries in Eastern Europe are focused on purchasing second-hand conventional total carbon analyzer instead of buying a new model, in order to reduce the cost of manufacturing. This, in turn, is expected to hinder the demand for advanced total carbon analyzers in the region during the forecast period
Latest versions of automation for constant monitoring
Eastern Europe has witnessed slow demand for newer versions of total carbon analyzer such as pump speed-up gradation. These analyzers are adopted to reduce the purging time that helps to observe the sources on the constant basis. This trend is likely to continue during the forecast period.
Growing demand for advanced total carbon analyzers
End-use industries in Japan are inclined towards purchasing advanced total carbon analyzer, regardless of its price. The technological innovation and product advancements in the equipment design are developing continuously in the country, thereby boosting the demand for advanced total carbon analyzers.
Constant product innovation in total carbon analyzers
Key players in the country are focused on developing advanced total carbon analyzers with innovative features and efficient performance. This, in turn, is expected to boost the demand for total carbon analyzers during the forecast period.
Key players operating in the global total carbon analyzer market are UIC, Inc., Shimadzu Corporation, ELTRA GmbH, Xylem Inc., Skalar Analytical B.V., Hach Company, Inc., GE Analytical Instruments, Inc., Teledyne Analytical Instruments, Mettler-Toledo International Inc., and Analytik Jena AG.
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