Ozone Generator Market worth over $450mn by 2026

Published Date: February 17, 2020

Ozone Generator Market size is set to surpass USD 450 Million by 2026, as reported in the latest study by Global Market Insights Inc.

Rising demand for processed and fresh drinking water along with the introduction of stringent wastewater treatment and disinfection norms will foster the market growth. The growing awareness toward maintaining high indoor air quality index and efforts toward reducing environmental pollution will further boost product demand. In addition, the ongoing investments to achieve higher operational efficiencies for wastewater treatment across water intensive industries will augment the market expansion for ozone generators.

Stringent water quality & treatment standards will spur the European market progression

Europe market is poised to witness substantial growth led by introduction of comprehensive wastewater treatment legislation along with growing concerns toward improving the air quality index. The Urban Waste-Water Treatment Directive and EU Water Framework Directive some of the prominent regulations driving the industry growth. Moreover, recovering industrial sector across the region post 2008 recession will enhance the market outlook. Growing investments towards the upgradation of existing wastewater treatment facilities will further raise the product adoption during the forecast period.

High efficiency, cost effectiveness and long product life will enhance the corona discharge ozone generator

Corona discharge ozone generators produce ozone by using an electronic field with the help of a dielectric surface. The system splits oxygen molecules into single atoms of oxygen to form ozone gas. It is primarily used for air purification in commercial buildings and for water & wastewater treatment applications on account of its high efficiency and reliability. Furthermore, it produces high quantity and high concentration ozone resulting in high cost effectiveness when compared to other available technologies.

Browse key industry insights spread across 530 pages with 974 market data tables & 35 figures & charts from the report, “Ozone Generator Market Size By Technology (Ultraviolet, Cold Plasma, Corona Discharge, Electrolytic), By Application (Water Treatment {Municipal Water Treatment, Industrial Process Water Treatment, Others}, Laboratory & Medical Equipment, Air Treatment, Others), By End-Use (Commercial, Municipal, Industrial {Automotive, Food & Beverages, Textile, Pharmaceutical, Others}), By Capacity (≥ 5 gm/hr, 5 gm/hr - 100 gm/hr, 100 gm/hr - 1 kg/hr, 1 kg/hr - 5 kg/hr, > 5 kg/hr), COVID-19 Impact Analysis, Regional Outlook, Competitive Market Share & Forecast, 2020 – 2026”in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/ozone-generator-market

Flourishing food processing & pharmaceutical industries propelling the > 5 kg/hr segment

> 5 kg/hr ozone generators account for a significant revenue share due to the continuous demand for processed water production and surface treatment across food & beverage and pharmaceutical industries. The growing manufacturing industry across the Middle East & Africa and Asia Pacific will further stimulate the demand for these products. Additionally, stringent wastewater regulations coupled with ongoing upgradation of existing water treatment facilities will enhance the market statistics for ozone generators in the coming years

Rapidly growing urban population will drive the market share for ozone generators across municipal applications

Expanding urban population has led to rapid increase in the residential & municipal establishments, thereby boosting the growth of ozone generator market. Water & wastewater recovery and treatment plants are growing significantly on account of rising demand for fresh drinking water and stringent wastewater regulations. Superior performance, high efficiency and increased lifecycle of a plant are some of the prominent factors spurring the market acceptance of ozone generators. In addition, the growing penetration of air cleaners for treatment & disinfection of commercial spaces will further impel the industry expansion.

Major companies operating across the market include Toshiba, Mitsubishi, SUEZ, Daikin, Primozone, Ozone Tech Systems, Lenntech, EBARA Technologies, METAWATER, DEL Ozone, Oxyzone, ESCO International, Ozonetek, Corotec, Chemtronics, Biotek, Faraday, Sewec Ozon, Pinnacle Ozone and Ozone Solutions. Market leaders operating across the industry are focusing toward product innovation and expansion as key strategies to maintain competitive edge over other market participants.