Global Portable Total Organic Carbon (TOC) Analyzer Market 2023-2030

Global Portable Total Organic Carbon (TOC) Analyzer Market 2023-2030

Global Portable Total Organic Carbon (TOC) Analyzer Market Size, Share & Trends Analysis Report by Oxidation Method (Ultraviolet Oxidation, UV Persulfate Oxidation and Others), by Applications (High Purity Water, Industrial Process Water, Water for Injection, Wastewater Treatment, Source Water and Surface Water), and By Industry (Pharmaceuticals, Chemical, Environmental, Semiconductor, Energy and Power, Oil and Gas, Food and Beverages, and Others), Forecast Period (2023-2030)

The global portable TOC analyzer market is anticipated to grow at a considerable CAGR of 9.0% during the forecast period. The market for portable TOC analyzer fuel is growing globally due to the increasing demand for sustainable and renewable energy sources. In addition, the increasing amount of waste produced globally has led to a greater need for waste management solutions that can convert waste into useful products. For instance, according to the World Bank Group, the world generates 2.01 billion tons of municipal solid waste annually, with at least 33% of that not managed in an environmentally safe manner. Also, global waste is anticipated to grow to 3.40 billion tons by 2050.

Segmental Outlook

The global portable total organic carbon (TOC) Analyzer market is segmented based on oxidation method, application, and by industry. Based on the oxidation method, the market is segmented into ultraviolet oxidation, UV persulfate oxidation, and others (high-temperature combustion). Based on the application, the market is categorized into high purity water, industrial process water, water for injection, wastewater treatment, source water, and surface water. Further, based on the industry, the market is segmented into pharmaceuticals, chemical, environmental, semiconductor, energy and power, oil and gas, food and beverages, and others (metal and mining, agriculture, pulp, and paper).

Landfill Sub-Segment is Anticipated to Hold a Prominent Share in the Global Portable Total Organic Carbon (TOC) Analyzer Market

Among the application, the landfill sub-segment is anticipated to register significant growth for the forecast period. The growth of the landfill sub-segment is attributed to the factors such as increasing diversion of organic waste from landfills, rising awareness for methane mitigation and climate change. For instance, in November 2022, the UN announced the methane alert and response system (MARS), which is a high-tech, satellite-based global methane detection system to detect emissions of the climate-warming gas. The MARS is a data-to-action platform set up as part of the UNEP International Methane Emissions Observatory (IMEO) strategy to get policy-relevant data into the right hands for emissions mitigation.

Regional Outlooks

The global Portable Total Organic Carbon (TOC) Analyzer market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, the Asia-Pacific region is projected to experience considerable growth in the portable TOC analyzer market. The growth of the market in Asia-Pacific is attributed to the growing demand to efficiently manage the increased waste generation efficiently and sustainably.

The North American Region is anticipated to Hold a Significant Share in the Global Portable Total Organic Carbon (TOC) Analyzer Market

The market for portable TOC analyzer fuel in North America is growing due to the increasing demand for sustainable and renewable energy sources. In addition, the increasing amount of waste produced in the region has led to a greater need for waste management solutions that can convert waste into useful products. Also, the growing investment from governments to push for waste reduction is anticipated to propel the demand for portable TOC analyzer market. For instance, in February 2023, the US Department of Agriculture (USDA) invested more than $9.4 million in 45 cooperative agreements that supported the innovative, scalable waste management plans to reduce and divert food waste from landfills. The compost and food waste reduction (CFWR) cooperative agreements, which was funded by the American Rescue Plan Act, was part of USDA’s broad support for urban agriculture through the Office of urban agriculture and innovative production (OUAIP).

Moreover, these compost and food waste reduction projects play important roles in building resilient, local food systems, including strong food recovery networks and food waste reduction solutions that benefit farmers and communities.

Market Players Outlook

The major companies serving the global portable TOC analyzer market include Emerson Electric Co., Mishimax Co. Ltd., TOGO, Eco Guardians Pty. Ltd., Machinex Industries Inc., MEIKO Maschinenbau GmbH & Co. KG and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in March 2022, ML Environmental Group and Scott Equipment Company came into the strategic partnership to expand waste recycling solutions for US clients. This partnership enabled ML Environmental Group's customers to solve broader challenges within the organics and construction and demolition waste and recycling markets by offering additional, complementary system solutions to meet application needs.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global portable total organic carbon (TOC) analyzer market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.