BURNABY, Canada, March 4, 2015 /PRNewswire/ --
Stringent regulatory compliances coupled with increasing water quality concerns in major end use industries to drive the penetration of TOC analyzers globally through 2019
According to the recently published report by TechSci Research "Global TOC AnalyzersMarket Forecast & Opportunities, 2019", the market is estimated to witness moderate growth at a CAGR of 8% during 2014-2019 owing to the increasing penetration of the equipment across various end use industries. APAC is emerging as the fastest growing market due to increasing adoption of TOC (Total Organic Carbon) analyzers across various industries in developing nations like China and India. However, North America and Europe together occupy a lion's share in the overall TOC analyzers market. With legislations and guidelines set by US, Japan and Europe Pharmacopeia becoming more stringent, the market for TOC analyzers is expected to further burgeon at a significant pace across major global markets.
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In 2001, TOC analysis was outlined as substitute for conventional water quality attributes such as BOD (Biological Oxygen Demand) and COD (Chemical Oxygen Demand). Ever since then, TOC analyzers have become a benchmark for organic load monitoring in ultrapure water and water for injection acrossa wide range of industries including pharmaceuticals, semiconductor and power industry. The market is also flooded with players tapping into new application areas across industries such as food and beverages, consumer goods, etc.
"Countries like the US and China are coming at forefront on account of continuously growing sales of TOC analyzers across a myriad of process industries globally. With significant technological innovations in pipeline, the industry is expected to witness the launch of portable TOC analyzers and TOC analyzers for solids. All these activities are likely to bring about an optimistic change in the industry in the coming years" Said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"Global TOC AnalyzersMarket Forecast & Opportunities, 2019" has evaluated the future growth potential of global TOC analyzers market and provides statistics and information on market structure, industry behaviour and trends. The report includes market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in global TOC analyzers market.
About TechSci Research
TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research consulting services in six verticals - Information Technology, Chemicals, Water & Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses proprietary innovative business model that focuses on improved productivity that also ensure the creation of high-quality reports. With more than 100 client engagements with fortune 500 clients, TechSci Research enjoys the status of a premium market research services provider in the industry.
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