Global Total Carbon Analyzer Market Forecasted to Grow CAGR 7.8% by 2024

Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Global Market Study on Total Carbon Analyzer: Pharmaceuticals Application Segment Anticipated to Register High CAGR During 2016 - 2024”. Laboratory total carbon analyzer is used to analyze organic, inorganic, purgeable organic, and non- purgeable organic carbon in the laboratory. In terms of value, laboratory total carbon analyzer segment is anticipated to witness a CAGR of 7.8% during the forecast period and in terms of volume, laboratory total carbon analyzer is anticipated to exhibit a CAGR of 7.3% during the forecast period. In terms of value, laboratory total carbon analyzer is estimated to account for the largest market share of 66.9% in the global total carbon analyzer market by 2016 end and is expected to decrease to 65.1% by 2024. Whereas, in terms of volume, Laboratory total carbon analyzer segment is estimated to account for the largest market share of 70.8% in the global total carbon analyzer market by 2016 end and is expected to decrease to 69.4% by 2024.

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Global total carbon analyzer market dynamics

Due to the rapid growth of microelectronics industry as a result of technical advancements and a growing demand for electronics across the world, there is a huge demand for ultra-pure water for the manufacturing of microelectronic goods. For example, ITRS (International Technology Roadmap for Semiconductors) has set stringent water quality guidelines on the microelectronics industry and this is leading to a high demand for total carbon analyzers in order to ascertain the water quality. Similarly, the pharmaceutical industry is also an important market for total carbon analyzers as there is a requirement for analyzing water for various end uses in the industry. Due to the rapid growth of the global pharmaceutical industry, the demand for total carbon analyzers is also growing side by side.

Manufacturing industries of various types have to satisfy various regulatory standards set by various regulatory agencies for using high purity water and for this purpose total carbon analyzers are required for assessing the water quality. In addition, the transformation of world economy from agriculture based to manufacturing leads to industrialization. This leads to the higher demand of analytical instruments such as total carbon analyzers. Also, a growing concern about the environment due to high levels of water and soil pollution results in a high demand of instruments used for assessing the water quality and thus the demand of total carbon analyzers is increasing in the market.

The key factors trending the total carbon analyzer market are rising product innovation of total carbon analyzers, multiple operational points of total carbon analyzer, on-line and real-time data analysis of solid & liquid samples, high use of optical technique, high demand for advanced total carbon analyzers, increasing demand for total carbon analyzer in pharmaceutical sector, and user-friendly protocols for using total carbon analyzer. Now-a-days total carbon analyzers are available in advanced features as a result of continuous innovation. For instance, total carbon analyzers with pump speed up-gradation are developed for continuous monitoring of both liquid and solid sample in order to extract optimal intermittent analysis by reducing purging time. The total carbon analyzer user can operate the analyzer present at different locations by using a new technique called on-line and real-time data analysis of solid & liquid samples. On-line and real-time data analysis of samples are the major revolutionary trends in laboratory total carbon analyzer market across the globe.

Global total carbon analyzer market segment analysis

Laboratory total carbon analyzer is segmented on the basis of application as pharmaceuticals, waste water treatment, semiconductors, power and energy, and others. In terms of volume, pharmaceuticals segment has the highest market share i.e. 37.6% in 2016 which is expected to decrease to 37.2% by 2024 with CAGR of 7.5%. In terms of value, Pharmaceuticals segment has the highest market share of 38.0% in 2016 which is expected to decrease to 37.7% by 2024 with CAGR of 8.1%. Whereas waste water segment has the highest CAGR of 8.3% and 8.9% in terms of volume and value respectively over the forecast period.

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Laboratory total carbon analyzer is segmented on the basis of end-use as institutes and industries. Institutes segment is further sub-segmented as government institutes, research institutes, and international space station and industries segment is sub-segmented as pharmaceutical industries, environmental industries, and other industries. In terms of volume, industries segment have the highest market share i.e. 73.7% in 2016 with CAGR of 7.6%. In terms of value, industries segment have the highest market share of 73.6% in 2016 with CAGR of 8.1%.

Laboratory total carbon analyzer is segmented on the basis of sample type as TC analyzer for liquid sample and TC analyzer for solid and liquid sample. In terms of volume, TC analyzer for liquid sample segment has the highest market share i.e. 55.9% in 2016 which is expected to decrease to 52.2% by 2024 with CAGR of 6.7%. In terms of value, TC analyzer for liquid sample segment has the significant market share of 56.0% in 2016 which is expected to decrease to 52.4% by 2024 with CAGR of 7.3%. Whereas TC analyzer for solid and liquid sample has the highest CAGR of 8.6% and 9.1% in terms of volume and value respectively over the forecast period.

Global total carbon analyzer market regional analysis

On the basis of region, Europe region is projected to remain dominant throughout the forecast period. Europe total carbon analyzer is estimated to account for the largest market share of 38.6% in 2016 which is expected to decrease to 35.8% by 2024 at a CAGR of 7.8%. Laboratory total carbon analyzer is expected to witness robust growth in the MEA market driven by increasing growth of total carbon analyzer in the region as the market is growing at the CAGR of 10.2% over the forecast period.

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