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.

Market Definition

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

Market Driver

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.

Market Opportunity

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.

Market Restraint

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.

Key Takeaways

  1. Among sample type segment, the TC Analyzer for Liquid Sample sub-segment held a dominant position in 2018, and is projected to retain its dominance throughout the forecast period.
  2. Among region, the Europe total carbon analyzer market held a dominant position in 2018, and is projected to retain its dominance throughout the forecast period, owing to the growing microelectronics and pharmaceutical industries across region.

Market Trends

  1. Eastern Europe Trends

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.

  1. Japan Trends

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.

Competitive Section

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.

Key Developments

  1. Major market players are focused on mergers and acquisitions, in order to enhance their market presence. For instance, in August 2016, Xylem Inc. acquired Sensus, a provider of data analytics solutions and smart meters, in order to enhance the quality of its products.
  2. Key players in the market are involved in mergers and acquisitions, in order to gain competitive edge in the market. For instance, in April 2016, Teledyne Technologies Inc., through its subsidiary Teledyne LeCroy, Inc., acquired Frontline Test Equipment, Inc., a provider of electronic measurement and test instrumentation, in order to enhance its product quality.

Segmentation

Market Taxonomy:

  1. By Region
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
  1. By Sample Type
  • TC Analyzer for Liquid Sample
  • TC Analyzer for Solid & Liquid Sample
  1. By Product Type
  • On-line TC Analyzer
  • Portable TC Analyzer
  • Laboratory TC Analyzer
  1. By Application
  • Pharmaceuticals
  • Waste Water Treatment
  • Semiconductors
  • Power & Energy
  • Others (Drinking Water Treatments)

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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