PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1351118
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1351118
According to Stratistics MRC, the Global Chemical Oxygen Demand Analyzers Market is accounted for $297.29 million in 2023 and is expected to reach $554.02 million by 2030 growing at a CAGR of 9.3% during the forecast period. The capacity of a water sample to deplete oxygen when contaminated with organic waste is determined by a chemical oxygen demand analysis. It measures, specifically, the equivalent volume of oxygen needed to chemically oxidize organic compounds in water. Pollutant concentrations in water, wastewater, and aqueous hazardous wastes are frequently assessed using the chemical oxygen demand method. As a gauge of the organic and inorganic materials present in water bodies as well as municipal and industrial wastes' susceptibility to oxidation, chemical oxygen demand is frequently used.
According to a report published by Central Pollution Control Board (CPCB) in 2021, India's current water treatment capacity is 27.3% and the sewage treatment capacity is 18.6% (with another 5.2 % capacity being added).
The chemical oxygen demand analyzer market is driven by the use of COD analyzers in industrial, surface, and drinking water. In order to ensure environmental security, public health, and clean water, these analyzers assess and remove toxins from wastewater, groundwater, surface water, and drinking water. Providing on-site water quality monitoring and real-time analysis, portable COD analyzers and computer-connected online analyzers are driving market expansion. Additionally, the accuracy and efficiency of water and wastewater analysis are being improved by new sensor technologies.
Due to their high price, some businesses and organizations cannot compete with less expensive chemical oxygen demand analyzers. A chemical oxygen demand analyzer can run into the several thousand-dollar range, depending on its features and capabilities. Smaller businesses and organizations might not be able to cover this cost. The limited lifespan of chemical oxygen demand analyzers and technical competition from alternative methods of assessing organic matter in water and wastewater are additional challenges faced by market participants.
To guarantee the quality of water bodies and the secure discharge of wastewater, governments and environmental organizations around the world have put strict regulations into place. Limits on COD levels are frequently included in these regulations. Industries and municipalities need COD analyzers to monitor and regulate COD levels in their effluents in order to comply with these regulations. Businesses need COD analyzers to streamline operations and lessen their environmental impact, which will help the market expand.
Chemical oxygen demand analyzers require specialized training and knowledge to operate and maintain. Analyzers for chemical oxygen demand must be frequently calibrated and maintained, which can be expensive. Without chemical oxygen demand analyzer expertise, businesses and organizations might need to hire a consultant or service provider, which would raise the overall cost of ownership. Reagents and test kits, which may be in short supply, can also have a negative impact on a company's ability to use a chemical oxygen demand analyzer.
The chemical oxygen demand analyzer market was significantly impacted by the COVID-19 outbreak. Global supply chains were hampered by the pandemic, and many industries saw a decline in demand for goods and services. The decline in consumer spending, particularly in the first half of 2020, was one of COVID-19's biggest effects on the chemical oxygen demand analyzer market. Due to labor shortages, traffic restrictions, and raw material shortages, many manufacturers experienced production halts and delays. The market was further impacted by these disruptions as there was a decrease in the availability of chemical oxygen demand analyzer products.
As governments and regulatory bodies around the world concentrate on wastewater treatment and environmental preservation, environmental monitoring is anticipated to hold the largest market share. Water treatment facilities can use chemical oxygen demand analyzers to gather data over time, analyze trends, and make defensible decisions about process improvements, upkeep, and system performance. Moreover, the need for chemical oxygen demand analyzers in this market is being driven by stricter regulations governing water quality.
The drinking water segment is anticipated to grow at the highest CAGR during the forecast period. Chemical oxygen demand analyzers are used to determine the amount of organics in drinking water. Chemical dosing and aeration processes are managed in water treatment facilities by chemical oxygen demand analyzers. Operators can optimize treatment efficiency and effectively remove organic impurities by continuously measuring chemical oxygen demand and adjusting the addition of chemicals and oxygen. Furthermore, chemical oxygen demand analyzers are also used to check that treated water complies with these requirements, offering a crucial method of compliance oversight.
The Asia-Pacific region is anticipated to hold the largest market share over the anticipated time frame due to the market's rapid growth for chemical oxygen demand analyzers. The demand for COD analyzers has significantly increased as a result of the expansion of environmental regulations throughout many Asia-Pacific nations. Governments are putting more emphasis on managing water quality and reducing pollution. Moreover, the demand for dependable water and wastewater treatment systems has also increased due to the region's growing urbanization and population, which is expanding the market in this region.
In North America, there has been significant growth in the market for chemical oxygen demand analyzers during the forecast period. The demand for COD analyzers has been driven by environmental awareness and strict regulations governing water quality and pollution control. COD analyzer technology has advanced due to the region's advanced industrial infrastructure and the presence of several significant players in the analytical instrument sector. These improvements have increased the instruments' precision, usability, and ability to adapt to different applications, which has further fueled market growth.
Some of the key players profiled in the Chemical Oxygen Demand Analyzers Market include: Beijing SDL Technology, DKK-TOA Corporation, Endress+Hauser, Focused Photonics Inc., Hach, Hangzhou Lohand Biological Technology Co., Ltd., Hanna Instruments, Hebei Sailhero, Horiba, Ltd., Korbi Co., Ltd., LaMotte, Lihe Technology, Lovibond, Man Tech, Shimadzu, Thermo Fisher Scientific, Uniphos Envirotronic and Xylem.
In August 2023, Thermo Fisher Scientific Inc. the world leader in serving science, announced that it has completed the acquisition of CorEvitas, LLC ("CorEvitas"), a leading provider of regulatory-grade, real-world evidence for approved medical treatments and therapies, from Audax Private Equity ("Audax"), for $912.5 million in cash. Thermo Fisher announced the agreement to acquire CorEvitas on July 6, 2023.
In July 2023, Endress+Hauser has inaugurated its new premises at the Freiburg Innovation Center FRIZ. There, more than 70 employees of the Swiss group of companies specializing in measurement technology are involved in the development of new sensor technologies and software solutions. The various teams work closely together and are embedded in an innovative environment of research institutes, start-ups and other companies.
In December 2021, TOA-DKK Corporation decided to construct a new production building within the Sayama Technical Center in Sayama City, Saitama Prefecture, as a production base responsible for the mother function. This facility helps to speed up the development of new products to mass production. The new production building aims at net-zero energy buildings (ZEBs) for the realization of a decarbonization community.