Ozone Generation Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4059
Ozone Generation Market size is expected to attain high growth rate in the projected time frame as a result of rising concerns related to water management issues. Alongside, growing utility of ozone in industrial and consumer applications to carry out oxidation process. Ozone is a distinctively pungent pale blue gas which provides various benefits in terms of high disinfection capacity and enhanced processing speed in comparison to other disinfectants like UV, chlorine etc. Other additional features of ozonation incudes strong oxidation potential, quick processing time, no hazardous by products and a longer run cost.
Ozone generation is widely applicable for water disinfection and air sanitizing purposes. Furthermore, it is utilized in therapy of various diseases like AIDS and Cancer. One of the most common technique for ozone generation is known as corona discharge. Although traditional methods like UV light and electrolytic method also provide high concentration and purity. Rising concerns for wastewater management activities is likely to contribute significantly to the global ozone generation market size by 2025.Regulatory bodies all across the globe are emphasizing on reuse of water to avoid water scarcity and promote sustainable development which can easily be achieved by ozone generation techniques. Rapid industrialization in Asia Pacific countries has resulted in generation of more wastewater which in turn has generated the need to adopt various wastewater management activities to avoid land and marine contamination.
Over the last few years, number of players has emerged to contribute towards wastewater management operation through global conference and fostering agreements on international programs which is strengthening legal network for wastewater treatment issue. Few international framework and regulations regarding wastewater activities are Water Supply and Sanitation Collaborative Council (WSSCC), London convention which deals with the wastewater regulations and marine environment protection supported by UN global program.
Lack of awareness among consumers reading the ozone generation technologies application in wastewater management activities is the major hindrance to the overall market growth. Although growing government initiatives in developing nations to support wastewater management programmes through ozone technologies can generate ample opportunities to the ozone generation market growth potential.
Based on technology, the ozone generation market is categorized as corona discharge, cold plasma, electrolysis and ultraviolet. Corona discharge is the most used technology among all others. In this technology, gas is ionized and generated at room temperature. In this technique, ionization happens between two electrodes and both are separated through some insulating barrier. The method is largely used in the industry as it is quite scalable and creates large amount of ozone, cost effective and also has low maintenance.
Ozone generation market are used across several applications such as aquaculture, laboratory equipment, medical, portable water treatment, semiconductor, swimming pool, etc. This technology is majorly used in air purification and water treatment purposes. Moreover, it is also applicable in treating bio wastes as it helps in reducing energy consumption as well as chemical treatment which will help in reducing the overall treatment cost. It is considered to be quite cost effective and environment friendly as this method only utilize electricity and thus act as a good replacement to traditional methods.
North America and Europe have registered themselves as the leading market for ozone generation technologies. Significant gains in these regions is expected as a result of heavy regulations and frameworks in managing wastewater generated from industrial activities. Asia Pacific is anticipated to witness promising gains owing to rising disposable income and growing GDP of emerging nations like India and China which is bolstering industrialization. These trends has resulted in emission of wastewater from industries which needs to be treated to prevent its hazardous impact on the environment. Alongside, regional regulatory framework will also push wastewater treatment activities in the region to help save environment and thus contributing to the overall ozone generation market size by 2025.
Few key players in the ozone generation market are Absolute Systems Inc, Biozone Corporation, Air Tree Ozone Technology Co Ltd, Chemtronics Co Ltd, Daikin Industries Ltd, EBARA Technologies Inc, Del Ozone Holding Company Inc, Enviro rental Products Ltd, International Ozone Technologies Group Inc, Enviro rental Products Ltd, Pacific Ozone Technology Inc, Sharp Corporation etc.
Ozone Generation Market, By Technology, 2014-2025 (USD Million)
- Corona discharge
- Cold plasma
Ozone Generation Market, By Application, 2014-2025 (USD Million)
- Laboratory equipment
- Medical application
- Portable water treatment
- Swimming pool
The above information has been provided for the following regions and countries:
- North America
- Australia & New Zealand (ANZ)
- South Korea
- Latin America
- South Africa
- Absolute Systems Inc.
- Biozone Corporation
- Air Tree Ozone Technology Co Ltd.
- Chemtronics Co Ltd.
- Daikin Industries
- EBARA Technologies Inc.
- Del Ozone Holding Company
- Enviro rental Products
- International Ozone Technologies Group Inc.
- Enviro rental Products Ltd.
- Pacific Ozone Technology Inc.
- Sharp Corporation etc.
- RGF Environmental Group Inc
- Suez SA
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