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Based on technology, the corona discharge segment is projected to reach more than USD 122 million by 2034, due to its high concentrations of ozone production with minimal energy consumption. Improving adoption of technology that handle large volumes of air or water while maintaining consistent ozone output from a wide application range will bolster product demand. Rising prioritization of eco-friendly disinfectants in line with ongoing advancements in technology offering enhanced operational efficiency, ease of use, and system reliability will uplift corona discharge adoption.
Based on application, the water treatment segment is set to grow at a CAGR of over 7% through 2034. Growing demand for powerful oxidizing agents, capable of eliminating bacteria, viruses, and organic contaminants more effectively than traditional disinfectants such as chlorine will uplift product adoption in water treatment units. Rising regulations on water quality particularly in municipal water treatment will foster ozone generators adoption to ensure the removal of microbial contaminants and achieve compliance with the standards.
The U.S. commercial ozone generator market is anticipated to exceed over USD 54.5 million by 2034. Rising enforcement of strict regulations on water and air quality in line with growing demand for sustainable solutions, having no harmful byproducts, and align perfectly with green initiatives will bolster product penetration. Rapid industrialization and urbanization in the U.S. will drive the need for efficient water and air treatment systems thereby, boosting product demand.
In Europe, increasing pressure from regulatory bodies such as the Water Framework Directive and strict emissions regulations will promote the adoption of ozone-based systems for water treatment and air purification. Many European countries face water scarcity issues will create product demand that can treat and recycle wastewater and contribute to circular economy practices and water conservation efforts.