Global Ozone Generator Market By Overview
Ozone Generator Market was valued at USD 1.35 Billion in 2024 and is projected to grow at a compound annual growth rate (CAGR ) of 6.7% to reach USD 2.43 Billion by 2034.
Ozone is a colorless unstable toxic gas, which is found naturally at high altitudes in the atmosphere. It is a chemical which is highly reactive with other gases in the air. Some air cleaners produce ozone as by-products, while some produced it intentionally for air and water purification which are ozone generators. Manufacturers of ozone generators largely use terms such as “activated oxygen”, “trivalent oxygen” or “energized oxygen. An ozone generator is a device which is capable of removing contaminants in the air and has an effect on some sources of odor inside a vehicle. Ozone is dangerous and should be used with precautions.
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Global Ozone Generator Market By Drivers & Restraints
Growing demand for ozone generators from water treatment plants is a key factor driving growth of the global ozone generator market. Lack of clean water is increasing the need for its recycling and reuse. Water shortage and water pollution is propelling demand for water purification, and ozone is considered one of the most effective sterilizers of water. Increase in usage of ozone technologies, and rapid urbanization & demographic growth is another factor fuelling growth of ozone generators market. In addition, increasing air pollution and emission of greenhouse gases (GHG) are destroying the stratospheric ozone layer.
The air purification systems are in demand to avoid health problems, which are caused by air pollution and particularly production of ozone for purification. Increasing concerns regarding environment and healthcare are other key factors expected to drive growth of the global ozone generators market over forecast period. Moreover, ozone generators are also used for water treatment in swimming pools. Thus, government expenditure on upgrading water infrastructure has also increased in the past decades across the globe. However, high installation & operational cost of ozone generation systems and lack of awareness regarding ozone generators hamper growth of the global market.
Global Ozone Generator Market By Segmentations & Regional Insights
The global ozone generator market is segmented based on technology, application and region.
On the basis of technology, the global market is segmented into corona discharge, radiochemical, electrolysis, and ultraviolet. On the basis of application, the target segment is bifurcated into air treatment and water treatment. Water treatment application segment is further bifurcated into drinking water, industrial water, and waste water. Water treatment is expected to show high growth rate along with significant return on investment for the stakeholders, owing to its notable revenue contribution over the forecast period.
Regional Insights:
On the basis of region, the global ozone generator market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is accounted for highest revenue share in the global ozone generator market followed by North America and Europe. Growth of ozone generators in Asia Pacific is largely due to growing industrialization and controlling air pollution caused by it in the region. Growth of market in North America and Europe is attributed to favorable government policies towards environment safety and high disposable income in the region.
Global Ozone Generator Market By Competitive Landscape & Key Players
The key players operating the global ozone generator market include Absolute Systems, Inc., Chemtronics Co., Ltd., DEL Ozone, EBARA Technologies, Inc., ESCO International Ltd., Fuji Electric Co., Ltd., International Ozone Technologies Group, Inc., Mitsubishi Electric Corp., Toshiba Infrastructure Systems & Solutions Corporation, and Suez SA.
Global Ozone Generator Market By Highlights
FAQs
The Global Ozone Generator market is segmented into basis of technology, application, and region.
Global ozone generator market is driven by growing demand for ozone generators from water treatment plants.
By region, Asia Pacific is accounted for highest revenue share in the global ozone generator market followed by North America and Europe.
The Key players operating in the global Ozone Generator market include Absolute Systems, Inc., Chemtronics Co., Ltd., DEL Ozone, Inc., EBARA Technologies, Inc., ESCO International Ltd., Fuji Electric Co., Ltd., International Ozone Technologies Group, Inc., Mitsubishi Electric Corp., Toshiba Infrastructure Systems & Solutions Corporation, and Suez SA.