Global Ozone Generator Market Research Report: Forecast (2022-2027)
Ozone generators, as the name suggests, are machines that produce ozone gas & are used mainly for indoor spaces. These generators are also used as air & water purifiers and find various applications across the industrial sector, which procures these generators principally for the following three purposes:
These generators use several techniques for producing ozone gas, viz., Ultraviolet, Cold Plasma, Corona Discharge, & Electrolytic. Nonetheless, since ozone generators are promoted as an effective medium to clean pollution & odors from indoor spaces, their adoption is likely to escalate swiftly in the coming years.
The Global Ozone Generator Market is projected to register a CAGR of around 6.4% during the forecast period, i.e., 2022-27. The growth of the market is likely to be driven primarily by the exponentially rising population, massive industrial developments, and constant environmental depletion, i.e., affecting the ozone layer of the planet & surging the need for a similar environment in indoor spaces using ozone generators.
Besides, since these generators help oxidize & eliminate all bacteria, viruses, fungi, etc., from water more quickly & effectively than chlorine & bromine, the increasing water scarcity worldwide and the growing need for adequate water treatment are also driving the Global Ozone Generator Market.
Moreover, the mounting awareness among end-users about the benefits of ozone generators for air & water purification, wastewater treatment, and up-gradation of the utility facilities, among others, further project remunerative prospects for the global market through 2027.
|Study Period||Historical Data: 2017-20|
|Base Year: 2021|
|Forecast Period: 2022-27|
|Regions Covered||North America: The US, Canada, Mexico|
|South America: Brazil,, Rest of South America|
|Europe: Germany, France, Italy, The UK, Spain, Rest of Europe|
|Asia-Pacific: China, Japan, India, Rest of Asia Pacific|
|Middle East & Africa: GCC, South Africa, Rest of Middle East & Africa|
|Key Companies Profiled||Corotec Corporation, Daikin Industries Ltd, DEL Ozone, Electrolux AB, Lenntech, METAWATER, Mitsubishi Electric Corporation, Ozone Tech Systems, Ozonetek Limited, Ozone Solutions Inc., Others|
|Unit Denominations||USD Million/Billion|
In view of this, the leading players are making considerable investments in various developments associated with ozone generators and increasing their production & distribution capabilities to meet the burgeoning end-user requirements. Furthermore, governments of different countries are making active efforts toward spreading awareness about the availability of ozone generators & promoting their installations to maintain air & water quality across urban areas.
However, increasing awareness among people about the harmful effects of ozone generators due to excessive or continual exposure to them, causing severe health issues, might act as a roadblock to the expansion of the Global Ozone Generator Market during 2022-27. Additionally, the high cost associated with installation, maintenance, & operations of ozone generators might further reduce their sales and hinder the fledged market growth in the years ahead.
Impact of Covid-19 on the Ozone Generator Market
The Covid-19 pandemic brought immense pressure on different business operations related to the Global Ozone Generator Market while the industry was still dealing with the management of wastewater treatment. The global market underwent several uncertainties during the pandemic owing to disruptions in supply chains and the collapse of economies due to the imposition of stringent movement restrictions & lockdowns across borders. Besides, the market also observed a change in consumer spending patterns worldwide and demonstrated a drop in expenditure on non-essential goods.
However, activities like wastewater generation & treatment were the prominent aspects that helped keep the market regulated amidst the crisis. Today, as economies are slowly & steadily recovering from the losses & adapting to the new normal, the ozone generator market is set to regain its usual growth pace. The rising health consciousness among people shall demonstrate a rise in the sales of ozone generators for air & water purification purposes and positively influence the market growth.
Additionally, the household utilization of ozone generators is anticipated to project growth due to the rising awareness among people about cleaner water and air consumption. The same aspect is also driving governments of different countries to become more mindful & responsible toward ensuring better facilities for air & water purification and, in turn, escalate the adoption of ozone generators in the coming years.
Based on Technology:
Of all technologies, Corona Discharge is anticipated to dominate the Global Ozone Generator Market with the largest share during 2022-27. It owes principally to its several benefits like cost-effectiveness, no serious byproducts & side effects, and higher lifespan, among others, thereby presenting a more efficient process for ozone generation. Hence, the utilization of these technologies is increasing swiftly across different verticals and augmenting the overall growth of the ozone generator market.
Moreover, corona discharge technology is efficient for its applications across both industrial & commercial processes owing to more unit sustainability, increased ozone production, and higher cost-efficiency. These aspects are driving the leading industry players toward conducting rigorous R&D to bring more innovations in the technology and widen its application in the coming years.
Based on Application:
Here, the water treatment application of ozone generators is anticipated to acquire the largest market share through 2027. It attributes principally to the exponentially rising population, massive waste generation, and burgeoning water consumption worldwide, i.e., propelling the demand for water treatment activities to bring sustainability and cater to the surging needs of people. As a result, it is infusing the demand for ozone generators for water treatment & purification across different industries globally.
In addition, with rapid industrialization and massive waste generation & disposal in water, several industries & municipal corporations are adopting ozone generators for water purification & wastewater treatment purposes. It is because ozone is a strong oxidant & demonstrates no harmful residues after process completion. Hence, ozone generators are witnessing a burgeoning demand for wastewater purification & treatment and, in turn, fueling the overall market growth.
Based on End-Users:
Of all end-users, the municipal vertical acquired the largest share in the Global Ozone Generator Market in previous years and is likely to contribute significantly to the overall market expansion during 2022-27. It owes principally to the rising water contamination issues entwined with the growing focus of governments & municipalities on addressing such concerns by increasing the number of water treatment activities.
It, in turn, is citing a positive influence on the demand for ozone generators owing to their excellent oxidant properties for treatment & purification of water by killing bacteria & viruses. Besides, since the availability of potable water for daily activities is of utmost importance to people, municipal corporations of different countries are increasingly utilizing these generators for water treatment & other applications like disinfection of bottle treatment before consumption. Hence, the coming years are likely to yield lucrative prospects for the Global Ozone Generator Market across the municipal sector.
Geographically, the Global Ozone Generator Market expands across:
North America, among all regions, is anticipated to dominate the Ozone Generator Market globally with the largest share during 2022-27. It owes principally to the rapid industrialization across different countries across the region, i.e., portraying an increasing establishment of industries generating significant waste, pollution, & other emissions, thereby surging the demand for ozone generators to create a better environment.
In addition, the growing health-conscious population across countries like the US & Canada, coupled with the extensive presence of prominent ozone generator manufacturers introducing new varieties, are also augmenting the overall growth of the regional market.
On the other hand, Asia-Pacific is likely to exemplify the fastest market growth in the coming years on the back of the massive & rapidly expanding industrial sector across countries like India, China, & Japan, coupled with a robust production & supply chain for ozone generators across the region.
Besides, the presence & active participation of prominent players and their outlook toward expanding the application of these generators across industries like food & beverages, healthcare & pharmaceuticals, automotive, etc., are also driving the regional market. Furthermore, increasing government focus & participation in wastewater treatment initiatives is further demonstrating a rising procurement of these generators and, in turn, augmenting the overall growth of the Asia-Pacific Ozone Generator Market.
Key Questions Answered in the Research Report:
Frequently Asked Questions
A. The Global Ozone Generator Market is projected to grow at a CAGR of around 6.4% during 2022-27.
A. Excessive or continual exposure to ozone generators might cause severe health issues to people & restrain them from investing in these generators, which might affect the fledged growth of the Global Ozone Generator Market in the coming years.
A. Water Treatment is anticipated to emerge as an area of remunerative opportunities for the leading players in the Global Ozone Generator Market over the forecast years.
A. Asia-Pacific is projected to hold a prominent share in the Global Ozone Generator Market during 2022-27.