This report was recently updated on November 17 2024 with the latest and most recent
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Global Ozone Generator Market Size, Trends & Analysis with Covid-19 Impact - Forecasts to 2026 By Technology (Corona Discharge, Cold Plasma, Electrolysis, Ultraviolet), By Application (Laboratory & Medical Equipment, Wastewater Treatment, Air Treatment, Others), By End Use (Municipal, Industrial, Commercial, Residential), By Region (North America, Europe, Asia Pacific, MEA, CSA); End User Landscape, Vendor Landscape, and Company Market Share Analysis & Competitor Analysis
Ozone Generator Market Insights
The global ozone generator market is expected to generate revenue amounting to USD 650.68 million in 2020, and is projected to reach to USD 973.77 million by 2026, growing at a CAGR of 6.95% over the forecast period. Expanding industrial sector along with rising investments towards up-gradation and expansion of wastewater treatment facilities are some of the major factors expected to propel the market growth during the forecast period. Rapid urbanization across developing economies coupled with growing demand for water purification and wastewater treatment systems are driving the market growth for ozone generator.
The ozone reacts with the pollutants and can effectively remove bacteria, microorganisms, odors, impurities, and metals from water or air. Increasing government measures towards the improving water and air quality across urban cities are further propelling the market growth during the forecast period. Increased industrialization and manufacturing across various regions including North America, Europe, Asia Pacific, and Central & South America is further projected to propel the market growth of ozone generator. However, the growing awareness regarding the adverse health effects associated with ozone may hamper the market growth during the forecast period.
Ozone Generator Market Size: By Segmentation
The global ozone generator market is segmented on the basis of technology into corona discharge, cold plasma, electrolysis, and ultraviolet. The corona discharge segment is expected to hold the largest market share in the global ozone generator market during the forecast period. Corona discharge generators produce pure ozone with no chemicals and gases. Furthermore, these generators are available in mid-range prices and produce therapeutic/medical-grade ozone. Cold plasma segment is expected to grow at a high CAGR in the global ozone generator market during the forecast period. The cold plasma generator produces high ozone concentration with low oxygen and energy consumption. They have the highest discharge pressure, and have accurate dosing through built-in controllers. These are some of the major factors expected to propel the market growth during the forecast period.
On the basis of application, the global ozone generator market is segmented into wastewater treatment, air treatment, and laboratory & medical equipment among others. The air treatment segment is expected to grow at a high CAGR during the forecast period. Ozone generators can remove unpleasant odors and airborne chemicals. Rising awareness towards improving indoor air quality index and growing deployment of ozone air purifiers across residential and commercial buildings are driving the market growth for air treatment segment. The wastewater treatment segment is expected to hold the largest market share during the forecast period. Ozone is widely used in water and wastewater treatment plants for destroying bacteria and viruses. The product is also used for groundwater remediation and can successfully treat various contaminants such as BTEX, TCE, DCE, and 1,4 Dioxane, among other common groundwater contaminants.
On the basis of end use, the market is segmented into municipal, industrial, commercial, and residential. The municipal segment is expected to hold the largest market share in the global ozone generator market during the forecast period. Growing demand for pure drinking water and growing government activities for supplying pure water across the developed and developing nations are driving the market growth for municipal segment. Rising product demand due to its high oxidizing power and ability to oxidize heavy metals are driving the market growth.
Ozone Generator Market Size: By Region
On the basis of region, the market of ozone generator is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. The Asia Pacific region is expected to dominate the market and is also estimated to expand at a rapid pace during the forecast period. Rise in water shortages and worsened water pollution due to the effects of rapid urbanization and industrialization are driving the market growth in the region. The municipal government has started adopting sophisticated water treatment technologies, such as ozone disinfection, to reduce the odor and contaminants present in the wastewater. Growing population along with rapid expansion of industrial sector in the developing nations such as China, India, and Japan among others are driving the market growth in the region.
Ozone Generator Market Share & Competitor Analysis
Some of the key players operating in the ozone generator market are Mitsubishi, Toshiba, Daikin, Suez, Ozone Tech Systems, Primozone, Ebara, Lenntech, DEL Ozone, METAWATER, ESCO International, Ozonetek, Ozone Solutions, Pinnacle Ozone, and Faraday Ozone, among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In July 2020, Airthereal launched a brand-new, mini and portable ozone generator for traveling and small spaces to aid businesses and homeowners in the indoor cleaning and disinfection process.
In May 2020, ATS ELGi launched ozone air sterilizer for vehicles.
In August 2020, Faraday Ozone launched ozone based food detoxifier. The product is used to remove all types of bacteria, viruses and other organisms from the surface of fruits and vegetables.
Check the Press Release on Global Ozone Generator Market Report
Ozone Generator Market: By Technology
Ozone Generator Market: By Application
Ozone Generator Market: By End Use
Ozone Generator Market: By Region
The global Ozone Generator Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Ozone Generator Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
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