Global Ozone Generator Market – Industry Trends and Forecast to 2029

Ozone Generator Market Analysis and Size

Unlike U.V. sterilization, which leaves some areas contaminated, ozone can reach every corner of the environment. As it leaves no poisonous residue and can be produced with simple equipment. Rising investments in upgrading and expanding wastewater treatment facilities and a favorable outlook for industrial sector growth are expected to drive product demand in the coming years.

Global ozone generator market was valued at USD 380.0 million in 2021 and is expected to reach USD 516.07 million by 2029, registering a CAGR of 3.9% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes technological advancements, regulatory framework, PESTEL, porter's five forces analysis, industry standards-at a glance, raw material costs/ operational expenditure-overview, supply chain analysis, vendor selection criteria, pricing analysis, production analysis, and climate chain scenario.

Market Definition

Ozone generators are devices that generate ozone to treat, purify, and disinfect air and water. These devices have the ability to produce ozone in quantities ranging from a few milligrams to hundreds of kilograms. Their type and capacity are determined by a variety of factors, including operating time and the required ozone dosage and concentration.

Report Scope and Market Segmentation

Global Ozone Generator Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Rise in greenhouse gas emission and depletion in ozone substances

Global population growth has resulted in limited resources and increased air pollution. Furthermore, high levels of greenhouse gas (GHG) emissions and other ozone-depleting substances are depleting the stratospheric ozone layer and contributing to an increase in a variety of health problems. This is increasing demand for air purification systems such as ozone generators all over the world.

Rising investments in upgrading and expanding wastewater treatment facilities, combined with a thriving industrial sector, are bolstering market growth. Furthermore, several countries' governments are taking steps to improve the quality of their water and air, which is driving up sales of ozone generators.

Opportunities

• Surging Developments and Increasing merger and collaborations

Furthermore, various developments coupled with introduction of advanced technologies by the market players further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. The market's leading players are engaging in merger and acquisitions (M&A) activities to broaden their product portfolios, which is expected to fuel market growth in the coming years.

Restraints/Challenges

• High Capital Costs

The cost of wastewater pretreatment is substantial. The high energy requirements for wastewater treatment processes raise ozone generator operating costs. Ozone generators, have high operational and maintenance costs. The system's manufacturer, the plant's location and capacity, and the water's characteristics to be disinfected all influence the cost of ozone disinfection systems for municipal water treatment. The costs of zonation are generally high when compared to other disinfection techniques. However, the capital and maintenance costs are not competitive with available alternatives. As a result, ozone is only used with caution when all other options have failed.

• Dearth of Awareness

It is anticipated that a lack of public awareness and insufficient financial and economic capabilities will further create challenges for the market growth over the forecast period. This factor will further pose as a serious challenge to the growth of the ozone generator market.

This ozone generator market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ozone generator market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Ozone Generator Market

The recent outbreak of coronavirus had a negative impact on the ozone generator market, as the pandemic has had a significant impact on power industry's supply chain. COVID-19 has also influenced consumer spending. All non-essential goods and services have seen significant cuts in spending. Air purifiers, fruit and vegetable washers, surface disinfectants, and laundry all use ozone generators. These are non-essential and somewhat expensive appliances. The COVID-19 pandemic has devastated the global manufacturing industry as well as the interconnected supply chain systems. Social distancing norms and global lockdowns have significantly influenced the global shutdown of business operations. These developments are expected to significantly impact the ozone generator market in early 2020. As a result, as countries reopen trade borders, the recovery for this market is expected to be faster.

Recent Development

• In July 2020, Ozonetech Systems OTS AB announced a partnership with Lohja Municipality (Finland) to implement pharmaceutical treatment. The ELY Centre supports the project in South Savo's (Centre for Economic Development, Transport, and the Environment) and the Ministry of Environment's programme for efficient water protection. Corotec Corporation has introduced a new line of modular ozone generators for use on extrusion coating and laminating lines to improve laminate adhesion and allow for faster production speeds.

Global Ozone Generator Market Scope

The ozone generator market is segmented on the basis of type, capacity and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Ultraviolet Generators
• Cold Plasma Generators
• Corona Discharge Generators
• Electrolytic Generators
• Others

Capacity

• 50mg/hr-5gm/hr
• 5gm/hr-100gm/hr
• 100gm/hr-1kg/hr
• 1kg/hr-5kg/hr
• >5kg/hr

Application

• Wastewater Treatment
• Industrial Wastewater Treatment
• Municipal Wastewater Treatment
• Aquaculture
• Swimming Pool
• Laboratory and Medical and Potable Water Treatment

Ozone Generator Market Regional Analysis/Insights

The ozone generator market is analyzed and market size insights and trends are provided by country, type, capacity and application as referenced above.

The countries covered in the ozone generator market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Poland, Norway, Finland, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Nigeria, Algeria, Angola, Ghana, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the ozone generator market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the increase the expenditure on environmental safety coupled with the growing demand for consistent and eco-friendly power generation technology within the region.

The ozone generator market is dominated by North America. North America is the largest consumer of ozone generators. The region's extensive industrial base, particularly in the United States, accounts for the region's large market share. Rising population, increased public awareness of the benefits and applications of ozone generators, and stringent implementation of various government regulations governing water and wastewater treatment can all be attributed to the region's market growth.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Ozone Generator Market Share Analysis

The ozone generator market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to ozone generator market.

Some of the major players operating in the ozone generator market are

• DAIKIN INDUSTRIES, Ltd (Japan)
• A.B. Electrolux (U.S.)
• Ozone Tech Systems OTS AB (U.S.)
• Honeywell International inc (India)
• Whirlpool Corporation (India)
• Biozone Corporation (U.K.)
• Primozone Ricardo. (SPAIN)
• Tech Mahindra Limited. (India)
• SUEZ (France)
• Mitsubishi Electric Corporation (Japan)
• EBARA CORPORATION. (Japan)
• METAWATER. CO., LTD. (Japan)
• Industrie De Nora S.p.A. (Italy)
• spartanwatertreatment.com. (U.S.)
• MKS Instruments (U.S.)
• Teledyne Technologies Incorporated. (U.S.)
• Creative OZ-AIR (I) Private Limited. (U.S.)
• Mellifiq. (Sweden)
• Absolute Systems. (China)

SKU-69193