Ozone Generator Market Size to Reach USD 1,501.8 Million in 2027 Growing at a CAGR of 5.9%, according to Emergen Research
Emergen Research has published its latest report titled “Ozone Generator Market By Technology (Corona Discharge, Cold Plasma, Ultraviolet, Electrolysis), By Application (Wastewater Treatment, Air Treatment, Laboratory & Medical Equipment), By End-use Industry (Industrial, Commercial, Municipal, Residential), and By Region”
According to Emergen Research, the global ozone generator market size was USD 942.5 Million in 2019 and is expected to reach USD 1,501.8 Million in 2027 and register a revenue CAGR of 5.9% during the forecast period, 2020-2027.
Ozone generators are ozone-producing equipment that produce ozone gas. When ozone combines with pollutants, germs, smells, impurities, pathogens, metals, and other contaminants are effectively removed from water and air. The machine operates on the oxidation principle, which is a powerful way for removing inorganic, natural, gaseous, biological, organic, liquid, mineral, or solid contaminants. Increasing adoption of ozone generators for waste water treatment and purify air in certain conditions are some key factors expected to drive market revenue growth over the forecast period. According to research, ozone is the most effective method of treating water and air in terms of time and cost, and it can be used in numerous industrial applications. Furthermore, ozone reduces the need for chemicals to zero and produces no potentially dangerous byproducts, making it the most environmentally friendly and sustainable treatment option.
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In addition, increase in population, and development of manufacturing units has significantly contaminated water and air. The ozone layer is being depleted by high levels of greenhouse gas (GHG) emissions and other ozone-depleting compounds. This increases the need for ozone generators due to an increase in health difficulties caused by air pollution and rising government investments on up-gradation of water treatment facilities. Furthermore, ozone generators are used to sterilize medical equipment and cure health problems in laboratories and hospitals. The ozone therapy can help persons with breathing problems since it reduces lung stress by raising blood oxygen levels. However, high installation costs of ozone generators, lack of awareness on how to use such devices and use of traditional methods such as chlorine for wastewater treatment are some factors expected to restrain global ozone generator market over the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Corona Discharge Segment Revenue to Expand at a Rapid CAGR:
Corona discharge segment is expected to account for largest revenue share over the forecast period owing to increasing adoption of corona discharge ozone generators owing to its higher effectiveness. Corona discharge generators are far more advanced than UV and can produce significantly more ozone. Ozone is created by passing a stream of oxygen or dry air through a corona discharge, which transforms oxygen in the stream to ozone.
Municipal Segment to Register Significant Revenue Growth:
Municipal segment is expected to dominate other segments over the forecast period due to large demand for ozone generators to treat municipal water. For purification and disinfection, ozone is one of the most powerful oxidation equipment available to water treatment professionals. When compared to chlorination, ozone has a higher disinfection efficacy against bacteria and viruses. Furthermore, the oxidizing characteristics can lower iron, manganese, and sulphur levels, as well as lessen or eliminate taste and odor issues.
North America to Account for Largest Revenue Share:
North America is expected to register largest revenue share in the global market over the forecast period due to development of water treatment technologies, rapid industrialization and urbanization and increasing demand for water purification. Further, stringent government regulations regarding wastewater treatment and advancements in ozone generation technologies are some other factors expected to fuel market growth in the region.
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Major Companies in the Market Include:
- Ozone Tech Systems
- Faraday Ozone
- Ozone Solutions
- DEL Ozone
For the purpose of this report, Emergen Research has segmented the global ozone generator market based on technology, application, end-use industry, and region:
Technology Outlook (Revenue, USD Million; 2017–2027)
- Cold Plasma
- Corona Discharge
Application Outlook (Revenue, USD Million; 2017–2027)
- Air Treatment
- Wastewater Treatment
- Laboratory & Medical Equipment
End-use Industry Outlook (Revenue, USD Million; 2017–2027)
Regional Outlook (Revenue, USD Million; 2017–2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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