Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the ozone Generators Market provides in-depth analysis
of segments and sub-segments in the global as well as regional ozone Generators
Market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional ozone Generators Market over the short
term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of the global ozone Generators Market. According
to the report, the global ozone Generators Market is projected to reach USD 1612 million by 2027 from USD 1112.1 million in 2021, growing at a CAGR of 6.38% over the forecast period of 2021-2027.
The abilities of ozone gas as a
disinfector were first discovered in the initial years of the 1800s. Through
this light, it came to light that ozone gas has many uses. Since its discovery, many ozone-generating
devices have been developed and manufactured. Ozone is used for water
purification, odor control, surface disinfectant, air purification, and other
purposes. Health experts advise that ozone has adverse effects on human health
so ozone generators must be used with utmost precautions. Taking this into
consideration many governments around the world have adopted stringent
regulations and standards for ozone generators. Though. the ozone layer is
harmful to human lungs still serves various purposes. Different methods are
used by ozone generators to generate ozone.
The growing demand for safe
drinking water is primarily driving the growth of the market. The rapid
urbanization coupled with the growing population has pushed the need for
increasing the volume of safe drinking water. Additionally, the outbreak of
contagious diseases has increased the awareness of sanitation among consumers.
Aqueous ozone generators inject ozone gas directly into the water, the
treatment of water with ozone gas requires minimum time and leaves no chemical
residues behind. Another factor majorly
driving the market is the growing industrial applications of ozone. Ozone gas
is being used in a wide range of industries. As ozone generation technology is
progressing new industrial applications are emerging. The applications of ozone
gas include HVAC applications, cooling tower applications, livestock
applications, dairy applications, hydraulic fracturing applications,
semiconductor production, puls and paper mills, and many others. However, the
high cost of installation and maintenance is affecting the growth of the
market. Even if the high cost of maintenance is a one-time cost, the ozone
generators need to be constantly monitored and checked for maintenance and
repair which may be costly in the long run. Nevertheless, the advent of new
Ozone technologies will create numerous growth opportunities for the growth of
the market.
Among the geographies, the Ozone
Generators market is segmented into North America, Europe, Asia Pacific, and
RoW. The global Ozone Generators market in the North American region dominates
the global Ozone Generators market owing to the growing demand from industries
and government agencies across the region. North America region is one of the
largest polluters in the world, the region faces a severe problem of water
pollution, thus the use of gaseous ozone in wastewater treatment is growing
tremendously. On the other hand, various industries such as farm,
semiconductor, and automotive industries have various applications of ozone.
The Asia Pacific region is expected to witness the fastest growth in the global
Ozone Generators market due to the growing number of ozone generators
manufacturers in developing countries such as India and China.
The report on global ozone Generators
Market covers segments such as type, application, and use. On the basis of
type, the sub-markets include corona discharge, cold plasma ozone generation
disinfection, and others. On the basis of application, the sub-markets include
wastewater treatment, potable water treatment and aquaculture, sanitation and
odor control, industrial, and others. On the basis of use, the sub-markets
include commercial, and municipal.
The report provides profiles of
the companies in the market such as Daikin Industries, Ltd., Sharp Corporation,
Honeywell International Inc., Biozone Corporation, Mitsubishi Electric,
Whirlpool Corporation, Sun-Belt USA, IN USA, Inc., Ozone Solutions, and DEL
Ozone.
The report provides deep insights into the 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 Generators Market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. 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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