The global ozone generator market is expected to display higher growth rate over the next seven years. The market is subject to witness a substantial growth due to the growing concerns regarding water and air pollution. Major applications of ozone generator include water treatment and air purification in various end-user industries across the globe. In addition, increasing demand for ozone generator from food & beverages sector for processing application is anticipated to drive the growth of the market over the forecast period.
Globally, the market is predicted to generate massive revenue over next seven years, providing numerous opportunities for market players to invest for research and development in the ozone generator market. Furthermore, rising adoption of ozone generator from chemical industries for purification application is expected to favor industry expansion in the upcoming years. Ozone generators are also used to limit energy requirements during bleaching process in the chemical industries. Use of chemical substances during bleaching process can be avoided with the use of ozone generator. Ozone generator offers advantages such as reduction of time needed to carry out the entire process and cost efficiency. These factors are expected to boost market demand for ozone generator over the next seven years.
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Primary application of ozone generators includes water treatment and wastewater treatment. Increasing adoption of ozone generators for non-conventional applications such as enhancements in the performance of extrusion coatings are projected to drive the growth of the market over the next seven years. Use of ozone gas to the lower temperatures to manufacture lower temperature resins (EVAs) is estimated to boost market growth in the upcoming years.
Ozone gas enhances properties of chemical compound, for instance, addition of ozone gas in hydrogen and nitrogen oxides improves their bonding characteristics, heat scalability, color and odor, thus amplifying overall product value. The market is broadly categorized into five major segments based on the application type such as healthcare sector, semiconductor industry, chemical industry, purified water treatment and wastewater treatment. The water treatment is considered as one of the fastest growing segments in the ozone generator market with substantial revenue generation in the last few years. Growing popularity of ozone generator in the water treatment segment is attributed to the increasing concerns regarding water pollution.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies, increase in the number of research & development activities, growing concerns regarding air & water pollution, and existence of well-established infrastructure.
Asia-Pacific region is predicted to hold major market share in the ozone generator market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth in region, increasing demand for wastewater management, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the ozone generator market are Honeywell International Inc., Daikin Industries, Ltd., Whirlpool Co., Sharp Co., Sun-Belt USA, Inc., Electrolux, Inc., Biozone Co., Ozone Solutions, IN USA, Inc., and Ozo Tech Systems AB.
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• Food & Beverage
• North America
• Asia Pacific
• Middle East and Africa
• South America
• DEL Ozone
• Ebara Corporation
• Fujian Newland Entech
• Jiangsu Koner
• Mitsubishi Electric
• Ozone Solutions
• Qingdao Guolin Environmental Technology
• Roki Techno
• Sun-Belt USA
• Xylem (WEDECO)
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Key Questions Answered in this Report
• What will the market size be in 2022?
• What are the key factors driving the global ozone generator market?
• What are the challenges to market growth?
• Who are the key players in the ozone generator market?
• What are the market opportunities and threats faced by the key players?
Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/consumer-electronics
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