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. 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.
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.
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Deforestation
has also caused considerable damage to freshwater sources.
Large-scale deforestation, primarily led by industrialization, is lowering
the capacity of soil to retain water considerably. This, in turn, has an
adverse effect on water table. Recently, significant rise in industrialization
and urbanization has led to increase in water pollution, as waste water is
directly discharged into a river or lake. All the above-mentioned factors are
forcing governments and companies to treat and reuse wastewater. This
wastewater needs to be analyzed frequently, before use or discharge. Thus,
depletion of freshwater sources is projected to be a key driver of the TOC
water analyzer market in the U.S., Europe, Middle East & Africa, and Asia
Pacific during the forecast period.
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.
More Trending Reports
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.
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.
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