U.S., Europe, Middle East & Africa, and Asia Pacific TOC Water Analyzer Market Share, Future Growth, Industry Analysis, Outlook, Insights, Share and Forecasts Report 2027
U.S., Europe, Middle East & Africa, and Asia Pacific TOC Water Analyzer Market: Introduction
The U.S., Europe,
Middle East & Africa, and Asia Pacific TOC water analyzer market was
valued at US$ 0.93 Bn in 2019 and
is anticipated to expand at a CAGR of ~8% during the forecast period. Among types,
the laboratory segment held a dominant share of the U.S., Europe, Middle East
& Africa, and Asia Pacific TOC water analyzer market in 2019,
primarily due to increase in the demand for laboratory TOC water analyzers for
use in drinking water treatment plants and power generation facilities. Among
end users, the food & beverages segment accounted for a major share of the
U.S., Europe, Middle East & Africa, and Asia Pacific TOC water analyzer
market in 2019. This can be ascribed to lower capital costs
of installation and high reliability.
In terms of application, the drinking water segment constituted a
significant share of the U.S., Europe, Middle East & Africa, and Asia
Pacific TOC water analyzer market in 2019, due to
stringent government policies and regulations on drinking water. Among
components, the hardware segment accounted for a major share of the U.S.,
Europe, Middle East & Africa, and Asia Pacific TOC water analyzer market
in 2019, due
to high cost of spare parts such as sensors, processing units, and reaction
chamber, which are required to build an analyzer.
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Based on technology, the ultraviolet (UV) oxidation segment
constituted a significant share of the U.S., Europe, Middle East & Africa,
and Asia Pacific TOC water analyzer market in 2019, as
ultraviolet (UV) oxidation is the most reliable and low-maintenance technology
for TOC analysis of ultra-pure water. The TOC water analyzer market in Asia
Pacific is likely to expand at a substantial pace during the forecast period,
owing to high investments in industrial development in countries in the region
such as China and India.
Competition Landscape of U.S., Europe, Middle East & Africa,
and Asia Pacific TOC Water Analyzer Market
The TOC water analyzer market in the U.S., Europe, Middle East
& Africa, and Asia Pacific is led by multinational, national, and local
players. Prominent players operating in the TOC water analyzer market in the U.S.,
Europe, Middle East & Africa, and Asia Pacific are METTLER
TOLEDO, SUEZ, Shimadzu Scientific Instruments, Endress+Hauser Group Services
AG, and Hach.
Key Drivers of U.S., Europe, Middle East & Africa, and Asia
Pacific TOC Water Analyzer Market
A significant amount of water is held in underground rock
structures, which are known as aquifers. Aquifers feed domestic rivers and
supply much of the drinking water. Aquifers are polluted, especially when weed
killers used in farms and gardens drain into the ground and pollute
groundwater. Demand for water has increased considerably due to increase in
urbanization. Significant amounts of water are utilized and wasted over the
time. Agricultural activities are increasing significantly, which calls for
more water to be pumped for use. Consequently, an increasing amount of
groundwater is getting pumped for agricultural use. Over-pumping of groundwater
reduces groundwater levels. Excessive pumping in coastal areas can cause
saltwater to move inland and upward, resulting in saltwater contamination of
the water supply. Thus, groundwater levels are reducing considerably, thereby
leading to depletion.
Asia Pacific to Lead U.S., Europe, Middle East & Africa, and
Asia Pacific TOC Water Analyzer Market
Asia Pacific dominated the U.S., Europe, Middle East & Africa,
Asia Pacific TOC water analyzer market in 2019. Dominance
of the region can be ascribed to the significant industrial development in the
region. Consequently, the region is anticipated to witness high demand for TOC
water analyzers during the forecast period. The market in Asia Pacific is
estimated to be highly attractive during the forecast period, as the
development of infrastructure related to wastewater treatment is increasing at
a rapid pace in the region. China accounted for a leading share of the TOC
water analyzer market in Asia Pacific in 2019.
This was primarily ascribed to the increased number of
manufacturing facilities in the country in 2019. In
terms of market share, Europe follows Asia Pacific in the U.S., Europe, Middle
East & Africa, and Asia Pacific TOC water analyzer market. Government
policies regarding treatment of wastewater and clean drinking water supply in
the region are anticipated to propel the TOC water analyzer market in Europe
during the forecast period.
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Major Developments in U.S., Europe, Middle East & Africa, and
Asia Pacific TOC Water Analyzer Market
In January 2020, METTLER TOLEDO introduced a new
water analyzer. This new, portable analyzer offers analysis of oxygen content
in water. With this new product, the company is aiming to increase its share in
the TOC water analyzer market in the near future.
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