Ozone Generators are used to purify the air inside a building and filter liquids. Hospitals and households actively adopt them to clean fresh fruits and vegetables and free them from pesticides and other harmful chemicals. The global Ozone Generator market was valued at USD 942.5 Million in 2019 and is projected to reach USD 1501.8 Million by 2027, proliferating at a CAGR of 5.9%. With the ongoing research in applied science, the market is expected to expand significantly.
Market Drivers
The rising industrialization and urbanization in developing nations, increasing air pollution, and upsurge in awareness among people regarding air purifiers are some of the main drivers for the Ozone Generator market. The introduction of stringent rules for preventing environmental degradation is encouraging consumers to adopt Ozone Generators in several end-use industries, including automotive, healthcare, and the food and beverage industry, for cleaning inedible chemicals sprayed on vegetables during cultivation. The availability of corona discharge Ozone Generators has observed most consumption during the pandemic with electrolysis-based technology that does not produce any toxic nitrogen oxides and helps to disinfect floors, flat surfaces, surgical equipment, and beverage dispensers.
Regional Analysis
The Asia Pacific led the global Ozone Generator market with the largest share of 37.7% in 2019 and is expected to dominate in the projected timeline due to the rise in the usage by municipal corporations for water treatment. Shortage of drinking water with increasing population in India and China will potentially contribute to the sales of Ozone Generators. The state-of-the-art research facilities, increasing government initiatives, and escalating awareness among people will also drive consumption in North America.
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Key Highlights of Report
In July 2020, Airthereal launched a new mini portable Ozone Generator for small spaces to help businesses and homeowners disinfect and clean indoor air. The PA50-GO portable Ozone Generator is a battery-powered cordless machine that is optimal for cars and mobility during pandemic. There is a rise in demand for purified air while driving or taking public transport after COVID-19.
The corona discharge segment held the largest market share in the year 2019. This technology is available at reasonable prices. Corona discharge Ozone Generators produce medical-grade ozone, which fuels the segment.
Ozone Generators are used in laboratory and medical equipment to disinfect medical equipment and also treat health conditions. They can also help in prevention of wounds. Moreover, people with breathing issues can benefit from ozone therapy, as it reduces stress on the lungs by increasing the oxygen level in blood.
The municipal segment held the largest market share in 2019, as Ozone Generators are commonly used to treat municipal water. Ozone Generators are employed at pre- or post-filtration treatment step to eliminate break down impurities and enhance the quality of water.
The Asia Pacific region held the largest market share in the year 2019. High demand from China and Japan is propelling the market for Ozone Generators in the region. Shortage of water supply in developing nations and adoption of sophisticated water treatment technologies are likely to boost the market in the region during the forecast period.
Key market participants include Toshiba, Suez, Mitsubishi, Ozone Tech Systems, Daikin, Lenntech, Primozone, Faraday Ozone, Ozone Solutions, and DEL Ozone
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Technology Outlook (Revenue, USD Million; 2017–2027)
Cold Plasma
Corona Discharge
Electrolysis
Ultraviolet
Application Outlook (Revenue, USD Million; 2017–2027)
Air Treatment
Wastewater Treatment
Laboratory & Medical Equipment
Others
End-use Industry Outlook (Revenue, USD Million; 2017–2027)
Industrial
Commercial
Municipal
Residential
Key questions answered in the report
What will be the market size in terms of value and volume in the next five years?
Which segment is currently leading the market?
In which region will the market find its highest growth?
Which players will take the lead in the market?
What are the key drivers and restraints of the market’s growth?
Research Methodology
Data triangulation and market breakdown
Research assumptions Research data including primary and secondary data
Primary data includes breakdown of primaries and key industry insights
Secondary data includes key data from secondary sources
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Ozone Generator Market Segmentation & Impact Analysis
4.1. Ozone Generator Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing demand in the packaging sector
4.2.2.2. Growth of the building & construction industry
4.2.2.3. Increasing usage in production of adhesive bandages
4.2.2.4. Surging demand from the APAC region
4.2.3. Market restraints analysis
4.2.3.1. Volatility in the price of raw materials
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Ozone Generator Market By Resin Type Insights & Trends, Revenue (USD Million)
Chapter 6. Ozone Generator Market By Substrate Insights & Trends Revenue (USD Million)
Chapter 7. Ozone Generator Market By Distribution Channel Insights & Trends Revenue (USD Million)
Chapter 8. Ozone Generator Market By Application Insights & Trends Revenue (USD Million)
Chapter 9. Ozone Generator Market Regional Outlook
Continued…
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