DUBLIN--(BUSINESS WIRE)--Sep 11, 2018--The "Total Organic Carbon Analyzer Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.

The total organic carbon analyzer market is projected to grow at a CAGR of 7.15% to reach US$1,409.994 million in 2023 from US$931.675 million in 2017.

Municipal authorities are required to monitor the organic carbon level of the waste water before discharging it into the surface waters. As such, the total organic carbon analyzer market has been steadily increasing steadily over the years.

Additionally, the total organic carbon analysis tends to provide more accurate results and wider scope as compared to the biological oxygen demand test and chemical oxygen demand test.

Moreover, the growing efforts by the government in the developing region to increase the accessibility of safe drinking water to larger proportion of population is anticipated to further supplement the growth of the market.

In fact, in India, the access to safe drinking water to household increased from 77.9% in 2001 to 85.5% in 2011, which is further anticipated to increase through the course of the forecast period.

Moreover, the Clear Water Here launched the largest safe drinking water campaign in the history of the United States in December 2017 to promote the accessibility and improve the aging water infrastructure in the country.

The pharmaceutical industry is projected to witness substantial growth during the forecast as the number of drug development process has been increasing rapidly over the years.

In fact, the pharmaceutical industry globally registered 7,691 patents through the patent cooperation treaty in 2014 while the R&D investment by the pharmaceutical companies in the United States has increased consistently over the last decade as well.

The anticipated increase in the number of drug development project will drive the total organic carbon analyzer market for the pharmaceutical industry as it used for the management of water used in drug manufacturing process.

Similarly, water quality monitoring is essential in the food and beverage industry as the water is used in the primary production as well as in the processing operations.

Moreover, there has been growing trend of using recycled water in the industry as it tends to reduce the overall cost of operation.

Additionally, with the global population projected to increase to 8.5 billion by 2030, the number of food processing plants is also expected to increase over the period in order to meet the growing food and processed food demand.

In fact, the number of food and beverage companies in Europe has increased from 285,916 in 2011 to 289,400 in 2015 and thus, the growing population is expected to drive the total organic carbon analyzer market in the food and beverage industry during the forecast period.

Key Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

5. Total Organic Carbon Analyzer Market by Generator Type

6. Total Organic Carbon Analyzer Market by Application

7. Total Organic Carbon Analyzer Market by Technology

8. Total Organic Carbon Analyzer Market by Industry Vertical

9. Total Organic Carbon Analyzer Market by Geography

10. Competitive Intelligence

11. Company Profiles

LAR Process Analysers AG SUEZ Shimadzu Corporation Metrohm AG Teledyne Tekmar Xylem Endress+Hauser AG Analytik Jena AG Eltra GmbH Mettler Toledo

For more information about this report visit https://www.researchandmarkets.com/research/kq6blg/the_total_organic?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180911005553/en/

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SOURCE: Research and Markets

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PUB: 09/11/2018 10:56 AM/DISC: 09/11/2018 10:56 AM