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Based on end use, the municipal segment is projected to reach more than USD 65 million by 2034. Rising focus on sanitation and hygiene in municipal plants will augment the product adoption to eliminate a wide range of pathogens, including bacteria, viruses, and fungi, without leaving harmful residues. Growing pressure on the municipal sector to adhere to strict sanitation and disinfection regulations, particularly in water treatment and health-related laboratory applications will foster product growth. Ongoing technological advancements led to the development of modern ozone generators with enhanced control over disinfection processes, and real-time monitoring will further fuel the industry landscape.
Based on technology, the corona discharge segment is set to grow at a CAGR of over 9.2% through 2034, on account of its high efficiency for ozone production and cost effectiveness compared to other technologies. Additionally, the reduced need for consumables in corona discharge-based ozone generators lowers the overall maintenance and operational costs, making it ideal for continuous use in medical settings. Increasing demand for technology that can produce a wide range of ozone concentrations, which can be finely controlled particularly crucial for laboratory and medical applications will complement the technology growth.
The U.S. laboratory & medical scale ozone generator market is likely to exceed USD 45 million by 2034. Rising stringent healthcare standards, such as those set by the FDA and CDC, demand effective, chemical-free sterilization methods, leading to boost product adoption. Increasing medical and research labs' focus on the reduction of environmental impact and adoption of sustainable practices in healthcare and research settings, where the elimination of hazardous chemicals is important will further enhance the industry outlook.
In Asia Pacific, rapid growth in healthcare infrastructure coupled with growing modernization of medical facilities in countries such as China, India, and Japan will create lucrative opportunities for the product growth. Rising demand for air and water purification solutions in regions with high pollution levels, such as China and India, where both industrial and healthcare sectors are looking for effective ways to combat contamination will further improve the business landscape.