Ozone Generation Market Research Report: Information By Technology (Ultraviolet, Cold Plasma, Corona Discharge, Electrolytic), Application (Waste Water Treatment, Air Purification, Medical Equipment, Food & Beverage), End-Use (Industrial, Residential, Municipal), and Region (North America, Europe, Asia Pacific, Rest of the World) — Forecast till 2030

Ozone Generation Market Overview

The global ozone generation market size is projected to to grow at a CAGR of 5.5% from 2022 to 2030. An alternative to chlorine for water disinfection is expected to drive global market. Ozone generation is a process that is used by many industries. It can be used to kill bacteria is used in the medical industry and for water treatment systems. It is also used in air purification. Ozone is created by a process called 'photolysis'. Ozone generation is a way to add oxygen to the atmosphere.

COVID-19 Impact Analysis

The impact of COVID-19 had significantly impacted the Ozone Generation market. COVID-19 has had a large-scale effect on the manufacturing industry and global supply chains. Many smaller manufacturers have been hit hard, or entirely forced out of business, as market demand declines. Social distancing norms have had a huge effect on global business operations, but the effects will be less dramatic. The ozone generator market is expected to see a significant drop in sales in the year 2020 but will see an increase in sales. However, the global municipal & industrial sectors are still dependent on this equipment as it is used in product processing and water & wastewater treatment industry. Recovering from this economic downturn is projected to be much quicker because countries are reopening borders for trade and incomplete projects & installations are resuming operations.

Ozone Generation Technology Market Dynamics

The ozone generation market is expected to grow in the coming year due to the increase in demand for ozone generators. The growing need for air purifiers, increasing awareness about ozone, and the need for clean air are some of the factors driving the growth of this market.

Drivers

• An alternative to chlorine for water disinfection

Chemical treatments, such as chlorination, are the major way water is disinfected. However, this has come with many health and environmental risks as well - putting public health at risk. It is becoming more commonly accepted that waterborne pathogens can exist. It is also known that Cryptosporidium, Cyclospora, and Microsporidia are water-borne pathogens that can be found in chlorinated water. Despite not being regulated, these are known to cause human disease. Chlorination has its hazards too, such as trihalomethanes. The chlorine also requires more effort to maintain and is more expensive than ozone generators.

Restraint:

• High maintenance and installation costs

Companies that deal with wastewater incur high costs for treating it before it enters the water systems. Energy requirements to maintain sufficient ozone generators increase operating costs. However, since installing them is a one-time investment, their annual operating cost is lower than that incurred by other methods used for water treatment like biological or physical processes. However, ozone generators require regular maintenance and often need to be replaced. The cost of an ozone disinfection system depends on the supplier, the capacity of the water treatment plant, and what characteristics are desired for the water being disinfected. The price can vary but is generally high when compared with other types of systems.

Opportunity:

• Investments in emerging economies 

According to the World Health Organization, 3 in 10 people worldwide are facing a lack of safe drinking water due to the lack of technology and capital for wastewater treatment. With the distribution of clean drinking water becoming increasingly difficult to achieve in many developing nations, several countries have begun to adopt the concept of a nationwide loan system for more market growth & public benefit. As per this model, developed countries or private investors can install wastewater treatment systems they develop and maintain. The growing opportunity in this market will allow it to be more accessible to smaller companies.

Ozone Generation Market Segment Overview

By Technology

Based on Technology, the global market has been segmented based on Ultraviolet, Cold Plasma, Corona Discharge, and Electrolytic. The Corona Discharge segment is the fastest growing in the global Ozone Generation industry.

By Application

Based on Application, the global Ozone Generation industry has been segmented based on Waste Water Treatment, Air Purification, Medical Equipment, Food & Beverage, and Others. The Medical Equipment segment is expected to be the fastest-growing in the global market.

By End-Use

Based on the end-use, the global Ozone Generation market has been segmented based on Industrial, Residential, Municipal, and Others. The Industrial segment is expected to be the largest in the global Ozone Generation industry.

Ozone Generation Market Regional Analysis

By region, the global Ozone Generation System market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. The North American region holds the largest market for the Ozone Generation business.

Asia-Pacific Market

The Asia-Pacific Ozone Generation market size is further expected to grow owing to the growing awareness about ozone and increasing demand for ozone generators in this region. A key factor, which is driving the growth of this market, is the growing usage of technology such as sensors and monitoring devices, which provide real-time information about the quality of the air.

North America Market

North America is the largest regional market in the Ozone Generation industry due to its high population and high demand for air purification systems. Ozone generators are used in North America for ozone therapy, water disinfection, and air purification. In the US, ozone generators are used by hospitals, clinics, and physicians' offices to sterilize operating rooms or medical equipment. The US is also the largest importer of ozone generators in North America.  The North American Ozone Generation market is expected to grow at a significant rate over the forecast period. The demand for ozone generators, owing to their ability to increase crop yields and protect consumables, has led to increasing demand in the North American region. 

Ozone Generation Market Competitive Landscape

The market comprises various national and international players. The market players are investing in R&D and also finding new ways to develop and improve product portfolios. Various players are entering into expansion, new product launches, joint ventures, and partnerships, to strengthen their market position and capture a large customer base.

Prominent players in the global Ozone Generation market include Daikin Industries, Ltd., Evoqua Water Technologies LLC, Electrolux, Ebara Corporation, Fuji Electric Co., Ltd., Mitsubishi Electric Corporation, MKS Instruments, Teledyne Technologies, Toshiba Corporation, and Xylem. Daikin Industries

Ozone Generation Market Scope of the Report

Global Market, by Technology

• Ultraviolet


• Cold Plasma


• Corona Discharge


• Electrolytic

Global Market, by Application

• Waste Water Treatment


• Air Purification


• Medical Equipment


• Food & Beverage


• Others

Global Market, by End-Use

• Industrial


• Residential


• Municipal


• Others

Global Ozone Generation Market, by Region

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


• Europe
  
  
  
  • UK
  
  
  • Germany
  
  
  • France
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • India
  
  
  • Japan
  
  
  • Australia and New Zealand
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • South America
  
  
  • Middle East
  
  
  • Africa
  
  
  
  

Objectives of the Market Study

Market Size and Forecast:

Market Landscape and Trends:

• To identify and infer, the drivers, restraints, opportunities and challenges for the global Ozone Generation market

Market Influencing Factors:

• To find out the factors which are affecting the sales of Ozone Generation among consumers

Impact of COVID-19:

• To identify and understand the various factors involved in the global Ozone Generation market affected by the pandemic

Company Profiling:

• To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies

Intended Audience

• Ozone Generation Producers


• Raw Material Suppliers


• Retailers, Wholesalers, and Distributors


• Governments, Associations, and Industrial Bodies


• Investors and Trade Experts