Ozone Meter Market

Ozone Meter Market Size (2024 - 2029):

The Global Ozone Meter Market size was estimated at US$ 740 million in 2023 and growing at a CAGR of 8.86% reaching the market size of US$ 1140 million by the year 2029, during the forecast period 2024-2029.

Market Trends:

Factors responsible for the expansion of the global ozone meter market during the foreseen period include the escalating call for ozone meters in many industries, such as water treatment plants to measure ozone content in refrigeration, processes, drinking water, water residual, and crude. In addition, Ozone Meter also has the ability to detect and measure low concentrations of ozone in air and water, which positively influences the expansion of the Ozone Meter market around the world. Ozone sensors are employed in a wide variety of applications ranging from food safety, water treatment, environmental testing, and sterilization. Also, since chemical decomposition occurs, ozone is preferred over a standard sterilization technique, whereas in the standard technique, heat is applied to kill all bacteria. However, depending on the resistance of the bacteria, some can survive.

Market Drivers

Even a low concentration of ozone in the air can seriously harm human health. To maintain an adequate ratio of ambient air in the climate, it is essential to monitor and measure the concentration of ozone in the air. Many countries continually strive to maintain environmental sustainability. The growing need for an ozone meter to monitor the ozone level in the atmosphere and the frequent use of the ozone meter by forest departments and environmental agencies are driving the expansion of the ozone meter market across the world. In addition, the escalating call for ozone meters to measure the ozone content of industrial wastewater, drinking water, and other carbonated beverages is also driving the call for ozone meters in the market. A sample can be identified as contaminated or contaminant-free based on comparing the ground-level ozone in the sample with that of pre-recorded ozone readings. Ozone in the atmosphere protects all people from the sun's harmful rays, while that on earth can have a harmful effect, resulting in various health problems. Ozone is created at ground level by the interaction of sunlight and smog, which causes a kind of chemical reaction, thus creating ozone that can now pollute the air and food particles. Due to the readjustment of ozone in the earth, the temperature of the earth increases thus inducing more environmental problems that, in general, add to the increase in gases that deplete the water layer of ozone in the atmosphere.

Market Restraints:

On the other hand, the lack of awareness about ozone pollution in some undeveloped areas around the world is hampering the expansion of the global ozone meter market. Lack of awareness among end-users of ozone pollution in some undeveloped regions around the world is predicted to hamper the global ozone meter market.

Market Opportunities:

Advanced features such as battery-operated functionality, extended temperature range, display illumination, and offset adjustment function for air temperature and humidity make the ozone meter easy to use. In addition to this, several growing economies are rapidly making efforts and focusing more on maintaining environmental sustainability, which is also predicted to drive the expansion of the global ozone meter market over the next five years. The growing need for ozone meters to monitor the ozone level in the atmosphere and the regular use of ozone meters by environmental agencies and forest departments are also estimated to be driving the market for ozone meters around the world.

Market Challenges:

However, the lack of awareness of ozone pollution in some undeveloped areas could hamper the expansion of the global ozone meter market in the coming years.

OZONE METER MARKET REPORT COVERAGE:

Market Segmentation:

Ozone Meter Market - By Application:

• Food safety
• Water treatment
• Environmental Testing
• Manufacturing
• Sterilization

The use of ozone as a sterilizer has come into play in the last decade, where ozone is employed to break down the components of bacteria and fungi.

Ozone Meter Market - By Product:

• Portable
• Handheld
• Tabletop

Ozone Meter Market - By Component:

• Hardware
• Software

Market Regional Analysis:

• North America - U.S., Canada.

• Europe - UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe.

• Asia Pacific - India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC.

• Latin America - Brazil, Mexico, Argentina, Chile & Rest of LATAM.

• Middle East & Africa - KSA, UAE, Israel, the rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, and rest of MEA.

The escalating emphasis on controlling ozone concentration and its dangerous effects is one of the main factors driving the call for an ozone meter. The rising number of water treatment plants and the frequent need for ozone meters at these plants to monitor ozone content in the North American region are driving market expansion significantly. Also, industrial expansion in European countries and the rapid adoption of advanced ozone meters in this region are also supporting the ozone meter market. The increasing call for potable water in the APAC region due to rapid population expansion is predicted to witness significant market expansion during the foreseen period.

On the other hand, in terms of calls, the MEA region is predicted to record moderate calls for ozone meters in the market during the foreseen period. North America is likely to have a significant share of the worldwide ozone meter market during the outlook period due to the growing need for climate and water monitoring in the region. Europe is also estimated to have a vital share in the global ozone meter market, due to industrial expansion and the rapid adoption of advanced ozone meters in the area. This, in turn, is predicted to drive the expansion of the ozone meter market in the Europe region.

Market Key Players:

Major players operating in the Global Ozone Meter Market include

1. Emerson Electric Co
2. PCE Deutschland GmbH
3. Halma plc (Palintest)
4. DKK-TOA Corporation
5. 2B Technologies
6. Ozone Solutions, Inc
7. ProMinent
8. Trotec GmbH
9. Labtron
10. Eco Sensors Inc

Market Recent Developments:

• After four years of development, Chemical Engineering has now launched a new ozone generation technology that can address many drawbacks associated with conventional O3 technologies.