Market Size –
The ozone generator market size has grown strongly in recent years. It will grow from $1.44 billion in 2023 to $1.54 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to increased concerns about air and water pollution, growth in demand for water treatment and purification, stringent environmental regulations and standards, expanded applications in industrial and municipal sectors, need for effective odor and voc control.
The ozone generator market size is expected to see strong growth in the next few years. It will grow to $2.08 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to adoption of ozone generators for aquaculture and fish farming, integration of ozone technology in laundry and textile industries, expansion of ozone therapy in wellness and medical spa settings, emphasis on ozone treatment in pharmaceutical and biotech industries, growing demand for ozone generators in hvac and air purification. Major trends in the forecast period include modular and scalable ozone generation systems, advanced electrode and dielectric materials, ozone generation with pulsed corona discharge (pcd), integration of iot and remote monitoring, ozone application in wastewater treatment.
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Scope Of Ozone Generator Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Ozone Generator Market Overview
Market Drivers –
Rising investments in upgrading and expanding wastewater treatment facilities is expected to propel the growth of the ozone generator market. A wastewater treatment plant treats industrial effluent and removes pollutants using various methods including physical, chemical, and biological methods. As water resources become increasingly scarce, wastewater reuse has become more important as climate change progresses. Treating water with ozone begins with the production of ozone(O3)in an ozone generator by applying energy to oxygen molecules (O2), causing the oxygen atoms to separate and temporarily recombine with other oxygen molecules, thus used to disinfect and purify water. For instance, in April 2021, in a notice published by the United States Environmental Protection Agency, the EPA announced new funding for water infrastructure projects totaling $6.5 billion. These fundings will help accelerate investment in critical water infrastructure by providing innovative and flexible financing for various projects in both large and small communities. Therefore, the rising investment in upgrading and expanding wastewater treatment facilities is expected to boost demand for ozone generators during the forecast period.
The ozone generator market covered in this report is segmented –
1) By Type: Large Ozone Generator (>5kg/h), Middle Ozone Generator (100 gm/h- 5 kg/h), Small Ozone Generator (<100 gm/h)
2) By Technology: Corona Discharge, Ultraviolet Radiation, Electrolysis, Radiochemical
3) By Application: Water Purification, Air Purification, Pulp Bleaching, Organic Synthesis, Aquaculture, Food Processing, Surface Treatment, Medical & Aesthetics, Other Applications
4) By End-user: Municipal and Industrial Water Treatment, Residential and Industrial Air Treatment, Automotive, Food and Beverage, Paper and Pulp, Pharmaceuticals, Semiconductors, Other End-Users
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Regional Insights –
North America was the largest region in the ozone generator market in 2023. The regions covered in the ozone generator market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the ozone generator market include Suez Utilities Company, Mitsubishi Electric Corporation, Ebara Corporation, Toshiba Corporation, METAWATER Co Ltd., Daikin Industries Ltd., Ozone Tech Systems, Primozone AB, Lenntech B.V., Ecozone Technologies Ltd., Electrolux AB, Honeywell International Inc., Oxyzone, Ozone Solutions Inc., Biozone Corporation, DEL Ozone, Sharp Corporation, Sun-Belt USA, Whirlpool Corporation, BES Group, Chemtronics Technologies (India) Pvt. Ltd., Degrémont Technologies, Enaly Ozone Generator, Faraday ozone, Xylem Inc., Corotec Corporation, MKS Instruments Inc., Ozomax Limited, Qingdao Guolin Industry Co. Ltd.
Table of Contents
1. Executive Summary
2. Ozone Generator Market Report Structure
3. Ozone Generator Market Trends And Strategies
4. Ozone Generator Market – Macro Economic Scenario
5. Ozone Generator Market Size And Growth
…..
27. Ozone Generator Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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