BURNABY, British Columbia — TechSci Research recently released a report titled, “Global TOC Analyzers Market Forecast and Opportunities, 2019,” according to a press release.
The report revealed that the market for global total organic carbon (TOC) analyzers is projected to witness moderate growth at a CAGR (compound annual growth rate) of eight percent during 2014-19 due to “the increasing penetration of the equipment across various end use industries,” stated the release.
The Asia-Pacific market, reported the release, is becoming the fastest growing market for TOC analyzers, however Europe and North America together occupy the largest segment of the market.
“Countries like the U.S. and China are coming at [the] forefront on account of continuously growing sales of TOC analyzers across a myriad of process industries globally,” said Karan Chechi, research director with TechSci Research. “With significant technological innovations in pipeline, the industry is expected to witness the launch of portable TOC analyzers and TOC analyzers for solids. All [of] these activities are likely to bring about an optimistic change in the industry in the coming years.”
The report, which assessed the market for global TOC analyzers, provides information and statistics on market structure, trends and industry behavior and includes market projections and demand forecasts, noted the release.
You can find the release here.