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A recent report published by Infinium Global Research on ozone generator market provides in-depth analysis of segments and sub-segments in the global as well as regional ozone generator market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional ozone generator market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global ozone generator market.
The potentialities of ozone gas for disinfection were found in the early stages at beginning against 1800 to earlier research. By this light, it was seen that ozone gas had various utilities. Various ozone-producing machines were released and manufactured after the discovery. The applications of ozone include water purification, odour control, surface disinfectant, air purifying and many more. According to healthcare experts, it has been studied that ozone have an adverse effect on human health, therefore the machines generating ozone must be used precautiously. Owing to its negative impact on human health, governments across the globe has mandated several stringent laws and regulations for the ozone generators.
The demand for safe drinking water is the main factor that contributes to the growth of ozone generator market. The rate of urbanization, which is accelerated by the growing population has helped in driving up demand for more safe drinking water. Moreover, the epidemic of infectious diseases has raised sanitation consciousness among consumers over the past few years. Aqueous ozone generators supply the water with a gas, and this method of treating water using gaseous ozone requires minimum time to complete without leaving any chemical residues. Another major factor contributing to the market growth is the increasing use of ozone gas in the industrial sector. As the technology of ozone generation is moving ahead, various new industrial applications are on the verge of development. HVAC applications, cooling tower application, livestock application, dairy even hydraulic fracturing and semiconductor production are the main uses of ozone gas. Nevertheless, the high cost of installation and maintenance has negatively impacted on market development. In addition to the high maintenance cost, ozone generators are a one-time investment, they have to be monitored and supervised on regular basis for maintenance or repair which could turn out to be expensive. However, the emergence of new ozone technologies will generate many development opportunities for market growth.
The ozone generators market is segmented into North America, Europe, Asia Pacific, and RoW. North America dominated the global ozone generator market owing to the growing demand from industries and government agencies across the region. North America is one of the largest polluters in this world, and water pollution can be considered a major issue for the region; therefore, wastewater treatment with gaseous ozone has shown rapid growth. However, other sectors including agriculture and production rely on ozone in various different aspects. The Asia Pacific region is likely to register the highest growth in terms of value for ozone generators market, as there are many manufacturers based on developing countries such as India and China.
| Report Coverage | Details |
|---|---|
| Market Size in 2022 | USD 1250 Million |
| Market Size by 2030 | USD 2030 Million |
| Growth Rate from 2023 to 2030 | CAGR of 6% |
| Largest Market | North America |
| No. of Pages | 300 |
| Market Drivers |
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| Market Segmentation | By Technology, By Equipment Size, By Application, and By End-use |
| Regional Scope | North America, Europe, Asia Pacific, and RoW |
The report on global ozone generator market covers segments such as technology, equipment size, application, and end-use. On the basis of technology, the sub-markets include corona discharge, cold plasma, electrolysis, and ultraviolet. On the basis of equipment size, the sub-markets include small-scale ozone generators (0.1 – 5 kg/hr), medium-scale ozone generators (5 – 15 kg/hr), and large-scale ozone generators (above 15 kg/hr). On the basis of application, the sub-markets include water treatment, air treatment, food processing, laboratory & medical equipment, and others. On the basis of end-use, the sub-markets include municipal, industrial, commercial, and residential.
The report provides profiles of the companies in the market such as Xylem, Primozone, Industrie De Nora S.p.A, MKS Instruments, Veolia, Pinnacle Ozone Solutions, LLC, Toshiba Infrastructure Systems & Solutions Corporation, Mitsubishi Electric Corporation, Ozone Solutions, Spartan Environmental Technologies, LLC., ESCO International, and Creative OZ-AIR (I) Private Limited.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the ozone generator market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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