Ozone Generation Market Overview:
Global Ozone Generation Market was valued at $880 million in 2016, and is expected to reach at $1,486 million by 2023, registering a CAGR of 7.4% from 2017 to 2023. Ozone is the strongest commercially available oxidant and employs a vast array of applications. It is a powerful disinfectant, which is majorly used for water treatment in different industries. Ozone generators are predominantly used in air treatment as complex molecules can be broken down by the powerful oxidation effect of ozone. The commercially used method to generate ozone is by corona discharge through the usage of electrical power.
Rise in need for clean drinking water, increase in usage of ozone technologies, and rapid urbanization & demographic growth drive the market. However, high installation & operational cost of ozone generation systems and lack of awareness regarding ozone generators hamper the potential of the market for different applications. Conversely, development in ozone generation technologies particularly in emerging countries, is expected to create opportunities in the market. Key market players have adopted merger as their key strategy to widen their brand portfolios and expand their market reach.
The global ozone generation market is segmented based on technology, application, and geography. Based on technology, it is categorized into corona discharge, cold plasma, electrolysis, and ultraviolet. Based on application, it is divided into industrial, potable water treatment, municipal, air treatment, and others. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Top Investment Pockets
In 2016, the potable water treatment segment, accounted for around one-third of the global market share. This segment is highly lucrative for investment due to high demand for clean drinking water owing to increase in population and urbanization over the years. Thus, potable water treatment is anticipated to show high growth rate along with significant return on investment for the stakeholders, owing to its notable revenue contribution.
Global Ozone Generation Market Analysis
Asia-Pacific possesses maximum potential for growth in the global ozone generation market, on account of the high demand from emerging economies. The European countries, such as Germany, UK, and France, are expected to witness high demand for ozone generation, owing to stringent regulations in water treatment frameworks under the European Commission.
Australia Ozone Generation Market, 2015-2023 ($Million)
A lot of companies have adopted product development, expansion, and merger strategies to sustain the intense market competition. The key players profiled in the report include Absolute Systems, Inc., Chemtronics Co., Ltd., DEL Ozone, EBARA Technologies, Inc., ESCO International Ltd., Fuji Electric Co., Ltd., International Ozone Technologies Group, Inc., Mitsubishi Electric Corp., Toshiba Infrastructure Systems & Solutions Corporation, and Suez SA.
Other market players (not profiled in report) in the value chain include, Air Tree Ozone Technology Co. Ltd., Bharat Light Machine., METAWATER USA., Inc., Ozone Research and Applications India Pvt. Ltd., Ozocan Corporation, Pacific Ozone Technology, Inc., Primozone Production AB, Pinnacle Ozone Solutions LLC, RGF Environmental Group, Inc., and Xylem Water Solutions Global Services Ab.
- This report provides an extensive analysis of the current trends, emerging estimations, and dynamics in the global ozone generation market.
- In-depth analysis of the market is conducted, and estimations for key segments from 2014 to 2022 are provided.
- Comprehensive analysis of the factors that drive and restrain the market growth is provided.
- Industry analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
- Key market players are profiled and their strategies are analyzed thoroughly to provide a competitive outlook of the industry trends.
Ozone Generation Market Key Segments:
- Corona Discharge
- Cold Plasma
- Potable Water Treatment
- Air Treatment
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South Africa
- Rest of LAMEA