TOC Analyzer Market

Shimadzu Corporation (Japan) and LAR Process Analysers AG. (Germany) are the Two Key Players in the TOC Analyzer Market.

The TOC analyzer is an important aspect of the water testing and analyzing the program, which is gaining a rapid traction as the most effective strategy for water quality monitoring and control activities in various industries. The information provided by TOC analyzer systems helps in determining the level of TOC contamination in water samples well in advance and taking corrective steps in a planned manner. The TOC analyzer market is expected to be valued at USD 1,286.4 Million by 2023, at a CAGR of 6.3% between 2017 and 2023. The growth of this market is driven by the rising demand for water and wastewater treatment, growing adoption of predictive and preventive maintenance, benefits provided by TOC analysis over conventional COD and BOD analyses, and its growing application in various industries

Shimadzu Corporation (Japan) and LAR Process Analysers AG. (Germany) are the two key players in the TOC analyzer market. Shimadzu has a strong presence in the market. It provides a wide range of online and benchtop TOC analysis solutions to its customers all over the world. The company also offers its proprietary software and services to support the TOC analysis in pharmaceuticals, environmental, energy and power, oil and gas, chemicals, and food and beverages industries. Shimadzu constantly monitors market requirements and responds by upgrading its manufacturing technologies and improving product quality. LAR Process Analysers is a well-known provider of TOC analyzer solutions. The company offers instruments and systems for the measurement of biological oxygen demand (BOD), chemical oxygen demand (COD), total organic carbon (TOC), total nitrogen (TN) as well as the determination of sewage toxicity. The company provides a wide range of general and application-specific TOC analyzers. The company has adopted strategies such as product launches and contracts to provide its offerings to various industries such as pharmaceuticals, food and beverages, and chemicals, worldwide, and increase its share in the TOC analyzer market. General Electric Company (US), Mettler-Toledo International Inc. (Canada), Hach Company (US), Teledyne Tekemar Company Inc. (US), Xylem, Inc. (US), Endress+Hauser Management AG (Germany), ELTRA GmbH (Germany), Metrohm AG (Switzerland), Elementar Analysensysteme GmbH (Germany), and Skalar Analytical B.V. (Netherlands).

The major players in the TOC analyzer market have primarily adopted the strategy of product launches to strengthen their product portfolio and to expand the reach of their offerings to newer clients. For instance, in July 2017, LAR launched the TOC process analyzer, QuickTOCultra, for measuring applications in complex water in pulp and paper, refining, power generation, chemicals, food and beverages, airports, agribusinesses, and others. In March 2016, Teledyne Tekmar introduced the TN Module for the Lotix TOC Combustion Analyzers.

Furthermore, the key players in the TOC analyzer market have adopted the strategies of agreements and acquisitions between 2014 and 2017. For instance, in March 2017, Endress+Hauser acquired SensAction AG (Germany), a manufacturer of innovative systems for measuring the concentration of liquids. Additionally, in April 2016, Xylem Analytics signed an agreement with Lab Synergy LLC. to expand geographically and accelerate growth.

Related Reports:

TOC Analyzer Market by offering (Hardware, Software, and Services), Type (Online and Portable), Technology, Application (High-Purity Water, Wastewater treatment, Surface Water), Industry, and Geography - Global Forecast to 2023

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TOC Analyzer Market Size,  Share & Growth Report
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