Ozone Generator Market Forecast | 2022-2028

Market Insights

The ozone generator market is estimated to grow from USD 1.15 billion in 2021 to reach USD 1.77 billion by 2028 at an impressive CAGR of 6.25% during the forecast period.

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What is an ozone generator?

The ozone generator is a device which produces ozone for the purification, treatment, and disinfection of air & water. The device operates on the principle of oxidation.

Ozone has the capability to reach every nook and cranny of the environment, unlike ultraviolet sterilisation, which leaves some places unsterilized. Ozone leaves no poisonous residue and is produced through a simple device that can be used for public transportation modes including high-speed railways, ships, aeroplanes, and buses. The market for ozone generators is expected to grow over the forecast period as a result of increasing investments to upgrade and expand wastewater treatment facilities and rapid improvements in hospitality industries.

Key Players

Some of the key players in the market are-

• Daikin Industries, Ltd.
• EBARA Technologies, Inc.
• DEL Ozone, Inc.
• Lenntech
• METAWATER Co., Ltd.
• Mitsubishi Electric
• Ozone Tech Systems
• Primozone
• SUEZ
• Toshiba Corporation.

Market Dynamics

Rapid urbanization across developing economies accompanied by rising demand for water purification and wastewater treatment systems are some of the major factors driving the market growth during the assessment period.

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Segments Analysis

By Technology Type

The market is segmented as ultraviolet, cold plasma, corona discharge, and electrolytic. The ultraviolet market is projected to witness a strong growth rate owing to ease of installation and low cost. In addition, the ability of ultraviolet ozone generators to function using ambient air is likely to fuel the product demand during the assessment period.

By Application Type

The market is segmented as water treatment, laboratory & medical equipment, air treatment, and others. Water treatment is anticipated to be the leading segment of the market owing to rapid urbanization and commercialization across emerging regions.

Ozone generators are employed in various water treatment applications, such as the removal of taste, odour and colour from untreated water. Furthermore, their ability to avert the formation of chlorinated disinfection byproducts will sponsor their installation for similar applications, ultimately fueling the segment growth over the assessment period.

By End-Use Type

The market is segmented as commercial, municipal, and industrial. The industrial market is expected to steer the market during the assessment period owing to stringent enforcement of legal instruments governing industrial wastewater discharge mixed with a strict regulatory regime.

In addition, colour elimination from textile plants, decrease in sludge production and phenol, BOD & COD reduction from industrial wastewater will further boost the product demand during the assessment period.

By Capacity Type

The market is segmented as ≥ 5 gm/hr, 5 gm/hr - 100 gm/hr, 100 gm/hr - 1 kg/hr, 1 kg/hr - 5 kg/hr, and > 5 kg/hr. ≤ 5 gm/hr ozone generator is expected to be the leading type during the assessment period owing to the growing awareness toward refining the indoor air quality index. Furthermore, rising population and urbanization across developing economies will enhance the demand for air purifiers, thereby driving market growth.

Regional Insights

Asia-Pacific is estimated to be the leading region in the market on account of the increasing urban population and consequent demand for water and air treatment equipment. North America held more than 33% market share in 2021 and Europe is also expected to offer substantial growth opportunities during the assessment period.

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Segmentation

The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The ozone generator market is segmented into the following categories:

By technology type:

• Ultraviolet
• Cold Plasma
• Corona Discharge
• Electrolytic

By application type:

• Water Treatment
  • Type Analysis: Municipal Water Treatment, Industrial Process Water Treatment, and Others
• Laboratory & Medical Equipment
• Air Treatment
• Others

By end-use type:

• Commercial
• Municipal
• Industrial
  • Type Analysis: Automotive, Food & Beverages, Textile, Pharmaceutical, and Others

By capacity type:

• ≥ 5 gm/hr
• 5 gm/hr - 100 gm/hr
• 100 gm/hr - 1 kg/hr
• 1 kg/hr - 5 kg/hr
• > 5 kg/hr

By region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the market.

What Deliverables will You Get in this Report?

The following are the key features of the report:

• Overview, industry life cycle and supply chain analysis.
• Report environment analysis: Growth drivers and constraints, Porter’s five forces an d SWOT analysis.
• Trend and forecast analysis.
• Segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Segmentation

• Current segmentation of any one of the technology types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.