The expansion of the microelectronics industry which attributed to the increasing innovation in technology and rise in demand for electronics products across the globe is resulting in rapid adoption of ultra-pure water for manufacturing high-fidelity microelectronics.
According to a Research Report Insights (RRI) report, the global market for total carbon analyzer is set to expand at 8.1% value CAGR and 7.6% CAGR in terms of volume between 2016 and 2024. In addition, the market is set to reach $843.5 million by 2016 end and will surpass $1.6 billion by the end of 2024.
As there are critical applications of ultra-pure water in the microelectronic and pharmaceutical industry, the global market for total carbon analyzers is receiving a huge boost. Highly purified water is essential in the manufacturing processes that are employed in the microelectronics and pharmaceutical industries and hence total carbon analyzers are essential for these industries.