Ozone Generation Market size is anticipated to witness substantial growth over 2021-2027. This is due to the increasing application scope of ozone generation systems in varied industries such as biogas, to combat air contamination issues and odor problems. As compared to chlorine, ozone ensures 3000 times faster elimination of bacteria and is 50% more efficient at breaking through the bacteria membrane.
Ozone generator refers to a device used to convert oxygen from sources like ambient air, concentrated oxygen, or dry air into ozone. This system can produce ozone by adding energy to the oxygen molecules, which results in the separation of oxygen atoms and allows for temporary recombination with other oxygen molecules. Ozone solutions are used as an effective method to prevent biological coating and eliminate airborne viruses, spores, and bacteria.
Increasing shortage of chlorine and the subsequent surge in demand for substitutes like ozone to disinfect swimming pools are the key factors contributing to the ozone generation market growth. Additionally, ozone generation technology has been gaining widespread adoption to treat water in aquariums and fish farms. Ozone and other alternative treatment solutions like UV can reduce the use of chemicals for water disinfection by nearly 80%. The emergence of ozone therapy as a promising alternative medicine therapy for diabetes treatment with oxygenation will also escalate the equipment demand over the upcoming years.
Despite these favorable growth environments, health implications associated with the inhalation of ozone may hinder the industry outlook over the estimated timeline. Inhaling relatively low amounts of ozone can cause chest pain, shortness of breath, coughing, and throat irritation, hence worsening chronic respiratory diseases like asthma.
With regards to the application spectrum, the ozone generation industry share from the potable water treatment segment will record considerable revenue by 2027. This is due to the growing approval of ozone technology for drinking water treatment, given its greater effectiveness against viruses and bacteria as compared to chlorination. The technology is used to a treat large volume of potable water sources across the U.S. and Europe.
On the regional front, the North America ozone generation market is poised to exhibit a strong growth rate through 2027. The regional market growth can be credited to the enforcement of regulations to support municipal wastewater treatment plants, along with the increasing air pollution. In 2020, nearly 68 million tons of pollutants were emitted into the atmosphere in the U.S., thereby amplifying demand for robust ozone generation systems in the region.
Key ozone generation industry players include Sharp Corporation, Pacific Ozone Technology, International Ozone Technologies Group, DEL Ozone Holding Company (Custom Molded Products), EBARA Technologies, Daikin Industries, Chemtronic, Air Tree Ozone Technology, Biozone Corporation, and Absolute Systems, among others. Innovative product launches are among the prominent strategies being employed by these companies to sustain their strong presence in the global market. For instance, in March 2021, De Nora launched its new bioactive filter, DE NORA TETRA ABF, consisting of a combination of a biologically active filter with ozone generation to remove micropollutants and reduce the formation of disinfection byproducts in water reuse and drinking water applications.
The ongoing coronavirus pandemic has led to the temporary shutdown of various businesses worldwide, including aquariums and swimming pools, as a precautionary measure against the disease. In 2020, the New England Aquarium announced its temporary closing and suspension of events to ensure the health and safety of the animals, visitors, and staff. However, the coronavirus, being an RNA virus, has been discovered to be susceptible to ozone. Ozone can break up into its split products, ozonides and reactive oxygen species, creating a toxic environment for the virus. It also can prevent the membrane fusion with the host cell, thereby interfering with the virus replication. Significant research and development activities to examine the potential of ozone therapy to combat COVID-19 may thus aid the ozone generation industry recovery over the coming years.