Ozone Generators Market

Global Ozone Generators Market Size (2024 to 2029)

The global ozone production market is predicted to reach USD 1.50 billion in 2024 and USD 2.15 billion by 2029, growing at a CAGR of 7.4% during the forecast period.

The ozone generator is a device that helps emit ozone into the atmosphere. Its advantages are that it purifies and filters the air without the use of chemicals. It kills bacteria and viruses, eliminates all kinds of odors, and disinfects the environment. Ozone can easily spread to all corners of the environment, unlike ultraviolet sterilization, which can leave a few places untreated. It can be used for mass transportation modes such as high-speed trains, planes, ships, and buses because it leaves no toxic residue and can be produced with simple equipment.

Ozone is the most powerful oxidant commercially available and has a wide range of applications. It is a strong disinfectant, which is mainly used for water treatment in different industries. Ozone generators are mainly used in air treatment because the strong oxidizing effect of ozone can break down complex molecules. The commercially used method of generating ozone is corona discharge through the use of electrical energy.

Global Ozone Generators Market Drivers:

In recent years, the rate at which the population has increased is very important due to the increase in air pollution in the atmosphere and the large amount of greenhouse gas emissions that have destroyed stratospheric ozone. Due to this factor, there has been an increase in diseases, thus increasing the demand for air purification systems, especially ozone generators. Other factors driving the growth of the market are rapid industrialization and urbanization, as well as the increasing purchasing power of consumers. There is an increasing call for these ozone generators in numerous end-user industries such as healthcare, construction, automotive, and food and beverages. Stringent laws and regulations implemented by environmental agencies and governments to reduce harmful emissions are driving market growth. The factor that limits the growth of the market is the increase in the price of the products.

Ozone will be used as an effective alternative to chlorine, thus favoring the use of ozone generators. Conventionally, chemical methods such as chlorination were mainly used for water disinfection. However, the use of these chemicals has posed a number of health and environmental risks, as these chemicals produce harmful by-products such as trihalomethanes, among others. The use of chlorine has many disadvantages, such as injection level, harmful by-products, and a distinctive odor, and is comparatively more expensive than ozone generators.

The growing use of ozone generators for unconventional applications, unlike the restricted use of ozone generators for water treatment and wastewater treatment, has expanded its reach in recent years. Also, in present times, ozone generators are widely used for various applications, such as improving the performance of extrusion coatings. The addition of ozone to the process allows for lower extrusion temperatures, allowing the use of low-temperature resins (EVA). Ozone can improve various properties, such as bond characteristics, heat sealability, color, and odor, increasing the product's value. These features are supposed to augment the need for ozone generators in the coming years.

Impact of COVID-19 on the global Ozone Generators Market:

With the coronavirus crisis showing no signs of slowing down, industries and economies around the world have been negatively affected, in addition to trade and imports and exports. With reduced activity in end-use industries, the demand for ozone generators has dropped dramatically in 2020. Global ozone generator market growth will accelerate with the opening of industries as the virus is coming under control in several parts of the world. Also, the rising need among people for pure air in their homes is supposed to act positively for the expansion of the ozone generators market in the following years in both developed and developing nations of the world.

GLOBAL OZONE GENERATORS MARKET REPORT COVERAGE:

The global ozone generator market is fragmented based on technology, applications, end-user industry, and region.

Global Ozone Generators Market - By Technology:

• Corona Discharge (CD) Ozone Production  

• Cold Plasma Ozone Production      

The global market is divided into corona discharge (CD) ozone production and cold plasma ozone production.

Global Ozone Generators Market - By Application:

• Medical Applications          

• Purified Water Treatment

• Swimming Pools   

• Laboratory Equipment       

• Semiconductors   

• Wastewater Treatment     

• Aquaculture           

The market is classified into medical applications, purified water treatment, swimming pools, laboratory equipment, semiconductors, wastewater treatment, and aquaculture. The drinking water treatment segment accounted for around a third of the global market share. This segment is very lucrative for investments due to the high demand for potable water due to the increase in population and urbanization over the years.

Global Ozone Generators Market - By End-User Industry:

• Construction          

• Energy and Utilities             

• Manufacturing      

• Automotive            

• Health and Medicine          

• Food and Beverage             

The market is divided into construction, energy and utilities, manufacturing, automotive, health and medicine, and food and beverage.

Global Ozone Generators Market - By Region:

• North America

  • The United States

  • Canada

  • Rest of North America

• Europe

  • The United Kingdom

  • Spain

  • Germany

  • Italy

  • France

  • Rest of Europe

• The Asia Pacific

  • India

  • Japan

  • China

  • Australia

  • Singapore

  • Malaysia

  • South Korea

  • New Zealand

  • Southeast Asia

• Latin America

  • Brazil

  • Argentina

  • Mexico

  • Rest of LATAM

• The Middle East and Africa

  • Saudi Arabia

  • UAE

  • Lebanon

  • Jordan

  • Cyprus

In the present and future years, the region that will dominate the ozone generator market is estimated to be the Asia Pacific. The factors that contribute to this market growth are an increase in the industrialization rate and a significant expansion of the manufacturing and construction sectors. The other prominent markets in the manufacture and sale of the ozone generator market are North America and Europe. Emerging economies with significant market share are Germany, France, the United States, the United Kingdom, and Canada. The increase in disposable income of the middle-class population in countries such as India and China is further attributed to the growth of the market in the Asia Pacific region. There is an average market growth rate in the Middle East, Africa, and Latin America.

KEY MARKET

The main players involved in the global ozone generator market are Daikin Industries, Ltd., Sharp Corporation, Electrolux, Ozone Solutions, Ozonetech, DEL Ozone, Honeywell International Inc., Whirlpool Corporation, Sun-Belt USA, Biozone Corporation, EN USA, Inc. Primozone, and others.

RECENT HAPPENINGS IN THE MARKET:

• Toshiba's latest innovation, the TGOGS series, is designed for optimum efficiency in a smaller package that can be used in large-scale water treatment plants and benefits the environment.