All updated as on -
From 2023 to 2030, the size of the worldwide ozone generation market is anticipated to increase at a CAGR of 6.5%. The global market is anticipated to be driven by an alternative to chlorine for water disinfection. Many companies use the technique of ozone creation. In the medical field and for water treatment systems, it can be used to destroy microorganisms. It is also utilised to purify the air. 'Photolysis' is the process that produces ozone. Oxygen can be added to the atmosphere via producing ozone.
The market for ozone generation had been considerably impacted by COVID-19. Global supply chains and the manufacturing industry have both been significantly impacted by COVID-19. As market demand diminishes, many smaller manufacturers have been severely impacted or put out of business altogether. The consequences of social distance norms will be less pronounced but have a significant impact on international company operations. In 2020, sales of ozone generators are predicted to decline significantly, but after that, they will rise. However, because it is utilised in the product processing and water & wastewater treatment industries, the global municipal & industrial sectors continue to be dependent on this equipment. Because nations are reopening their borders to trade and resuming work on abandoned projects and installations, the recovery from this economic depression is expected to happen considerably more quickly.
Due to the rise in demand for ozone generators, the ozone generation market is anticipated to expand in the upcoming year. Increasing demand for air purifiers, knowledge about ozone, and the need for clean air are some of the reasons propelling this market's expansion. The main method of disinfecting water is chemical processes like chlorination. Public health is now at risk because of the numerous environmental and health risks that have been associated with this. The existence of aquatic pathogens is gaining acceptance. It is also known that the water-borne diseases Cryptosporidium, Cyclospora, and Microsporidia can be found in chlorinated water. These are known to lead to human disease even if they are not regulated. Trihalomethanes, one risk associated with chlorination, are another. In addition to costing more than ozone generators, chlorine requires more work to maintain.
Wastewater treatment before it enters the water systems is expensive for businesses that handle it. Operating costs rise as a result of the increased energy needs to maintain adequate ozone generators. Although they require a one-time investment to install, their annual running costs are lower than those of other water treatment techniques like biological or physical processes. Ozone generators, however, need frequent maintenance and replacement. An ozone disinfection system's price is determined by the supplier, the water treatment facility's capacity, and the qualities that the treated water should have. When compared to other kinds of systems, the cost can vary, although it is often substantial.
The World Health Organisation estimates that 3 out of 10 people globally lack access to clean drinking water because there isn't enough money or technology for wastewater treatment. Many developing countries are finding it harder and harder to distribute safe drinking water, hence some governments have started to adopt the idea of a national credit system for both market expansion and public good. This concept allows for the installation of wastewater treatment systems created and maintained by industrialised nations or private investors. This market's expanding possibilities will make it more open to smaller businesses.
Report Coverage
Global Ozone Generation research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Ozone Generation report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Ozone Generation competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Ozone Generation market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Ozone Generation market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Ozone Generation market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Daikin Industries, Ltd., Evoqua Water Technologies LLC, Electrolux, Ebara Corporation, Fuji Electric Co., Ltd., Mitsubishi Electric Corporation, MKS Instruments, Teledyne Technologies, Toshiba Corporation, and Xylem.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Ozone Generation market based on the below-mentioned segments:
Global Ozone Generation Market, By Technology
Ultraviolet
Cold Plasma
Corona Discharge
Electrolytic
Global Ozone Generation market, By Application
Waste Water Treatment
Air Purification
Medical Equipment
Food & Beverage
Others
Global Ozone Generation Market, By End User
Industrial
Residential
Municipal
Others
Global Ozone Generation market, Regional Analysis
The market for ozone generation had been considerably impacted by COVID-19. Global supply chains and the manufacturing industry have both been significantly impacted by COVID-19. As market demand diminishes, many smaller manufacturers have been severely impacted or put out of business altogether. The consequences of social distance norms will be less pronounced but have a significant impact on international company operations. In 2020, sales of ozone generators are predicted to decline significantly, but after that, they will rise. However, because it is utilised in the product processing and water & wastewater treatment industries, the global municipal & industrial sectors continue to be dependent on this equipment. Because nations are reopening their borders to trade and resuming work on abandoned projects and installations, the recovery from this economic depression is expected to happen considerably more quickly.
Due to the rise in demand for ozone generators, the ozone generation market is anticipated to expand in the upcoming year. Increasing demand for air purifiers, knowledge about ozone, and the need for clean air are some of the reasons propelling this market's expansion. The main method of disinfecting water is chemical processes like chlorination. Public health is now at risk because of the numerous environmental and health risks that have been associated with this. The existence of aquatic pathogens is gaining acceptance. It is also known that the water-borne diseases Cryptosporidium, Cyclospora, and Microsporidia can be found in chlorinated water. These are known to lead to human disease even if they are not regulated. Trihalomethanes, one risk associated with chlorination, are another. In addition to costing more than ozone generators, chlorine requires more work to maintain.
Wastewater treatment before it enters the water systems is expensive for businesses that handle it. Operating costs rise as a result of the increased energy needs to maintain adequate ozone generators. Although they require a one-time investment to install, their annual running costs are lower than those of other water treatment techniques like biological or physical processes. Ozone generators, however, need frequent maintenance and replacement. An ozone disinfection system's price is determined by the supplier, the water treatment facility's capacity, and the qualities that the treated water should have. When compared to other kinds of systems, the cost can vary, although it is often substantial.
The World Health Organisation estimates that 3 out of 10 people globally lack access to clean drinking water because there isn't enough money or technology for wastewater treatment. Many developing countries are finding it harder and harder to distribute safe drinking water, hence some governments have started to adopt the idea of a national credit system for both market expansion and public good. This concept allows for the installation of wastewater treatment systems created and maintained by industrialised nations or private investors. This market's expanding possibilities will make it more open to smaller businesses.
Report Coverage
Global Ozone Generation research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Ozone Generation report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Ozone Generation competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Ozone Generation market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Daikin Industries, Ltd., Evoqua Water Technologies LLC, Electrolux, Ebara Corporation, Fuji Electric Co., Ltd., Mitsubishi Electric Corporation, MKS Instruments, Teledyne Technologies, Toshiba Corporation, and Xylem. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Ozone Generation Market from 2021 to 2030.
- Market Forecast for Ozone Generation Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Ozone Generation competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Ozone Generation
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Ozone Generation market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Ozone Generation market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Daikin Industries, Ltd., Evoqua Water Technologies LLC, Electrolux, Ebara Corporation, Fuji Electric Co., Ltd., Mitsubishi Electric Corporation, MKS Instruments, Teledyne Technologies, Toshiba Corporation, and Xylem.
Primary Target Market
- Market Players of Ozone Generation
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Ozone Generation market based on the below-mentioned segments:
Global Ozone Generation Market, By Technology
Ultraviolet
Cold Plasma
Corona Discharge
Electrolytic
Global Ozone Generation market, By Application
Waste Water Treatment
Air Purification
Medical Equipment
Food & Beverage
Others
Global Ozone Generation Market, By End User
Industrial
Residential
Municipal
Others
Global Ozone Generation market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive ozone generation market market research and competitor analysis for your business to help you develop more profound insights into the ozone generation market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the ozone generation market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.