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Based on technology, the corona discharge segment is projected to surpass USD 364 million by 2034, on account of its ability to produce high concentrations of ozone efficiently, making it suitable for applications requiring large ozone volumes, such as municipal water treatment and industrial processes. Rising demand for cost-effective technologies for large-scale ozone generation with minimal long-term maintenance requirements will bolster technology adoption. Increasing need for technology catering diverse application range including water and wastewater treatment, air purification, food processing, and medical sterilization will further stimulate the market growth.
Based on application, the laboratory & medical equipment oxide (NMC) segment is set to grow at a CAGR of over 8.5% through 2034. Increasing demand for products offering effective elimination of bacteria, viruses, and other pathogens from sterilizing laboratory instruments and medical equipment will uplift product adoption. Rising strict hygiene and safety regulations in healthcare and laboratory sectors will create lucrative opportunities for product adoption, providing a chemical-free, eco-friendly method for disinfection, and aligning with regulatory requirements such as FDA and EPA guidelines.
The U.S. ozone generator market is likely to exceed USD 164 million by 2034. Increasing strict environmental regulations from agencies such as the Environmental Protection Agency (EPA) will drive product adoption in water and air treatment. Growing demand for air treatment systems in residential, commercial, and industrial settings amplified by concerns over indoor air pollution and allergens will support the product adoption. Growing investments in developing advanced technology by integrating IoT-enabled monitoring and control systems for real-time monitoring, enhancing efficiency and user convenience will augment product growth.
In Asia Pacific, rapid industrial growth in countries such as China, India, and Southeast Asian nations will drive demand for ozone generators in wastewater treatment, air purification, and chemical processing applications to comply with environmental standards. Rising severe water scarcity and contamination challenges in the region will stimulate product penetration for effective water treatment, particularly in municipal and industrial sectors.