Total Organic Carbon Analyzer Market Segmentation:
Offering Segment Analysis
The hardware segment is likely to retain its dominance in the total organic carbon (TOC) analyzer market by capturing a revenue share of 57.2% by 2035. The category includes a wide range of devices, from online to laboratory TOC analyzers, which, through their applications, cater to different industries. This spike is fueled by increasing demand for strong and reliable TOC analyzers filled with advanced features and enhanced capabilities.
The hardware segment has been driven by the growing popularity of TOC analyzers within a number of industries, such as wastewater treatment, pharmaceutical, and food & beverages. Key players in the hardware segment are channeling their efforts toward developing innovative and technologically advanced TOC analyzers. For instance, in October 2022, Endress+Hauser launched the CA78 and CA79 TOC analyzers for low-TOC value monitoring and supply to the power and semiconductor industries. Such advancements by key players are boosting the expansion prospect of the total organic carbon (TOC) analyzer market.
Type Segment Analysis
The online segment in the TOC analyzer market is projected to register lucrative CAGR during the forecast period. This growth is due to the increasing adoption of online TOC analyzers across all industries, resulting from real-time monitoring and control features. The shift from laboratory TOC analyzer to automated water release with the help of online TOC analyzers is driven by initiatives for quality improvement and cost reduction efforts in the production of purified water This is expected to further accelerate the expansion of this segment.
In June 2024, Shimadzu Corporation announced the launch of a new generation series model of the TOC-V online analyzer. Now, equipped with AI-driven advanced predictive maintenance and secured connectivity features, it becomes quite possible to seamlessly link up with Industry 4.0 ecosystems. The online TOC analyzes features a 30% reduction in analysis time as compared to previous models, thus making the TOC-V Series even more attractive for use in various industries where speed, precision, and continuity in processes are key to achieving optimized results.
Application Segment Analysis
In terms of application, the high purity water segment is expected to account for 28.8% of the TOC analyzer market share during the forecast period. This growth is fueled by the stringent need to protect high-purity water systems from contaminants like biofilm, germs, and organics, especially in pharmaceutical and biotechnological applications. TOC analyzers are critical in high-purity water quality, offering continuous, reliable monitoring that must meet strict regulatory requirements and audit standards in these industries.
To spotlight the segment's steady growth is, in April 2023, HORIBA Advanced Techno, Co., Ltd, a Group company of HORIBA Group offering measurement solutions for water quality business, reached an agreement for the acquisition of Tethys Instruments SAS. It further underscores the key role that TOC analyzers continue to play in applications requiring high-purity water while also underlining growth in the total organic carbon (TOC) analyzer market, driven by the steady march of improvements in relevant technologies.
Our in-depth analysis of the total organic carbon (TOC) analyzer market includes the following segments:
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