Ozone Generation Market, By Technology (Corona Discharge, Cold Plasma, Electrolysis, Ultraviolet), A

Published Date: April 2020 | Report Code : EP2062456

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Ozone Generation Market, By Technology (Corona Discharge, Cold Plasma, Electrolysis, Ultraviolet), Application (Industrial, Portable Water Treatment, Municipal, Air Treatment), and By Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) – Market Size & Forecasting to 2028

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Domain : Energy

Report Code : EP2062456

Status : Published April 2020

The global ozone generation market size was valued at USD 360 million in 2019 and is estimated to grow at a CAGR of 5.2% during the forecast period. Ozone generation is an equipment that produces ozone into the air. It is majorly utilized to purify and clean the air without the utilization of chemicals. It aids to kill microscopic organisms, remove odorous, and sanitize hotel, house, office, kitchen, and car among others. It is majorly made up of three oxygen atoms. When breath in ozone can harm the lungs while the low amount of ozone may cause coughing chest pain and shortness of breath. Further, the ozone generation is likewise utilized in chemical industries and food & beverages processing for purifications.

The increasing population has raised air pollution, greenhouse gases emission and other ozone-depleting substances are harming the stratospheric ozone. Therefore, rising in health issues because of air pollution has raised the demand for air purification devices, especially ozone generations. Quick urbanization and industrialization along with rising disposable income are the other factors driving the growth of the market. The increasing demand from different end-use ventures like food & beverages, healthcare, and construction. Even the government is making strict laws to control air pollution. These factors are propelling the demand for global ozone generation market.    

Key Factors Impacting the Growth of Ozone Generation Market:

  • Rising demand of ozone generation from end user
  • Rapid urbanization and commercialization
  • Rapid industrialization across emerging market
  • Stringent waste water regulation

The ozone generation market segmentation is based on technology, application, and region. The increasing demand for ozone generation due to rising requirement of clean drinking water, air purification in commercial sector, increment of utilization of ozone technology are further accelerating the growth of market.

Technology Outlook:

As per the recent market scenario, cold plasma based ozone generation market is predicted to project highest CAGR throughout the estimate duration. In this generation, oxygen gas is exposed to cold plasma which is made with dielectric discharge. It produce ozone using two neon tubes located side by side inside a bigger chamber. These systems can generate higher concentration of ozone when compared to UV systems. Nevertheless, high price of cold plasma ozone generations can reduce the product adoption throughout the estimate duration. Continuing investments towards enlargement of commercial centers coupled with growing demographic would encourage the demand for commercial ozone generations. These generations are essentially deployed for air and water treatment across range of commercial installation comprises office, hospitals, hotels, aquarium, and others.

Regional Outlook:

Asia Pacific region is anticipated to lead the worldwide ozone generations market through the forecast timeframe. This can be attributed to rapid commercialization, industrialization, and aggressive expansion of manufacturing and construction sectors. Furthermore, the raised consumer spending power of middle class population in nations like China, and India are also boosting the growth of regional market. As per the World Bank, East Asia & Pacific region holding 505 of the worldwide manufacturing value added (MVA) in 2018 when compared to approx. 24% in 2005. Industries like medical & pharmaceuticals, automotive industries will also boost the market demand for ozone generation throughout the region. For example, as per the United Nations, the percentage of urban demographic across Asia is predicted to increase 55% by 2030. Consequently, major economies across the province are making laws to improve water and air quality.

The report analyzes factors affecting the ozone generation market from both demand and supply side and further analyses market dynamics affecting the market during the forecast year such as driver, restrain, opportunities and future trends. The report also provides comprehensive Porter’s model analysis on the ozone generation market for all six regions namely; North America, Western Europe, Eastern Europe, Asia Pacific, Middle East and the Rest of the world.

Competitive Landscape

Key market players are also adopting inorganic development strategies like as acquisition of local brands. Similarly, other business models such as joint venture and market entry strategies are helping prominent vendors to make their presence felt in the Ozone Generation market and increase their product portfolio. The key leading players in the market include Primozone, Electrolux, Ozone Solutions, Ozonetech, DEL Ozone, Honeywell International Inc., Sun-Belt USA, Biozone Corporation, IN USA, Inc., Daikin Industries, Ltd., Sharp Corporation, and Whirlpool Corporation.

This report also includes the profiles of key ozone generation market companies along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.

Key Developments in Ozone Generation Market:

  • In 2018, the EPA announced Effluent Guidelines as the national legislative standard regulating the release of wastewater. These laws are imposed for industrial categories based on the performance of control and treatment technologies.

What Does This Report Provide?

This report provides a detailed understanding of the global ozone generation market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

Market Segmentation:

By Technology

  • Corona Discharge
  • Cold Plasmas
  • Electrolysis
  • Ultraviolet

By Application

  • Industrial
  • Air Treatment
  • Municipal
  • Portable Water Treatment

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Technology
    • By Application
  • Europe
    • By Country (Germany, Russia, UK, France, Italy, Spain, Rest of Western Europe)
    • By Technology
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Technology
    • By Application
  • Middle East & Africa
    • By Country (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa)
    • By Technology
    • By Application
  • South America
    • By Country (Brazil, Argentina, Colombia, Rest of South America)
    • By Technology
    • By Application

Reasons to Buy This Report:

  • Market size estimation of the ozone generation market on a regional and global basis
  • Unique research Usage for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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