ID: MRFR/E&P/9396-HCR | 100 Pages | Published By Priya Nagrale on March 2023
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
Global Market, by Technology
Global Market, by Application
Global Market, by End-Use
Global Ozone Generation Market, by Region
Market Size and Forecast:
Market Landscape and Trends:
Market Influencing Factors:
Impact of COVID-19:
|Market Size||2030: USD XX Billion|
|Historical Data||2019, 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Technology, Application, End-Use|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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.|
|Key Market Opportunities||Investments in emerging economies|
|Key Market Drivers||An alternative to chlorine for water disinfection|
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 are the major companies operating in the global Ozone Generation market.
The global Ozone Generation market is growing at a CAGR of ~ 5.5% over the forecast period
Asia Pacific is expected register the highest CAGR during 2021 - 2030
North America holds the largest share in 2021
The study period of global Ozone Generation market is 2022 - 2030