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Global Ozone Generation Technology Market Overview
The Global Ozone Generation Technology Market size is approximate to reach $1.9 Billion by 2026, growing at a CAGR of 6.0% over the forecast period of 2021-2026. A device that produces the gas ozone is known as an ozone generator. Although ozone is efficient in water treatment, significant quantities of ozone in the air are required to eliminate impurities. Therefore, health experts advise that it's critical to keep circumstances under control so that no one, even pets, is exposed to dangerously high amounts of ozone. The growing demand for ozone generators from municipal water treatment facilities and increasing water shortages throughout the world are likely to propel the global ozone generator market forward. It also acts as an alternative to chlorine in case of water purification.
Impact of COVID-19 on Ozone Generation Technology Market
The current COVID-19 pandemic scenario has sparked widespread concern, perhaps resulting in a worldwide economic slump. Multiple variables influence global economic growth, including the spread of the virus, the severity of containment measures, supply chain disruptions, financial market tightening, alterations in spending habits, behavioral changes, and unpredictable commodity prices. Moreover, through trade and global value chain links, these domestic disruptions are projected to spread worldwide, amplifying the microeconomic consequences.
Key Takeaways from Global Ozone Generation Technology Market Report:
By Type, the 3g/h-9g/h segment is estimated to hold the largest market share during the forecast period.
In 2020, the 3g/h -9g/h segment led the market, and it is also expected to increase at the quickest pace over the forecast period, with a growth rate of 6.9%. Products with an ozone output of 3g/h-9g/h are adaptable, efficient, dependable, and heavy-duty. In addition, the ability to employ 3g/h-9g/h for a wide range of applications, from homes to light industrial and commercial uses, is expected to increase growth throughout the projected period.
The Asia Pacific to account for the largest market share during the forecast period
North America is expected to dominate the Ozone Generation Technology Market with 34.8% in 2020. It is due to stringent government regulations for the disposal of industrial wastewater bodies without proper treatment in North America.
However, Asia Pacific is predicted to have the fastest growth in terms of CAGR during the forecast period. Rapid industrialization in the Asia Pacific, along with rising disposable incomes in India and China's emerging economies, presents enormous opportunities for participants in the ozone-generating technologies industry. In addition, growing industrialization in the Asia Pacific has increased water demand and hence wastewater volume, necessitating wastewater treatment by various methods.
Market Dynamics
Driver: Being a safe alternative to chlorination in case of water purification is driving the market demand
In terms of disinfection, ozone is 3,000 times more efficient than chlorine, according to the Water Pollution Control Federation. In addition, ozone is a low-cost water treatment technique that does not involve shipping or storage. As a consequence of individuals being more aware of the benefits of ozone versus chlorine, ozone generators are projected to increase.
Challenge: Increased costs associated with Ozone Generation are set to limit the market growth.
High costs are incurred in the pre-treatment process of wastewater. In addition, high energy requirements for carrying out the wastewater treatment processes increase the operating costs of ozone generators. The installation of ozone generators is a one-time investment for any industry. However, operational and maintenance costs of ozone generators are high.
Key Market Players
Key Players in Global Ozone Generation Technology Market consist of SUEZ Water Technologies & Solutions, Xylem, Mitsubishi Electric Corporation, Ebara Corporation, Toshiba Corporation, METAWATER Co., Ltd., Spartan Environmental Technologies, MKS Instruments, Corotec Corporation, Ozonetech Systems OTS AB, and Absolute Systems Inc.
Developments
Ozone Tech Systems OTS AB and Lohja Municipality (Finland) collaborated in July 2020 to execute pharmacological therapy. The ELY Centre supports the initiative in South Savo and the Ministry of Environment's program for efficient water protection.
Report Coverage and Scope
The report "Global Ozone Generation Technology Market" by Research Informatic covers an in-depth detailed analysis for the following segment, covered under a scope.
By Process
By Application
Geography
Global Ozone Generation Technology Market Growth, Trend and Forecast 2022-2028
Chapter 1 Ozone Generation Technology Market Overview
1.1 Product Overview and Scope of Ozone Generation Technology
1.2 Ozone Generation Technology Market Segmentation by Process
1.2.1 Global Ozone Generation Technology Market Share of Ozone Generation Technology by Process in 2022
1.2.2 Less than 3g/h
1.2.3 3g/h to 9g/h
1.2.4 More than 9 g/h
1.3 Ozone Generation Technology Market Segmentation by Application
1.3.1 Industrial Water Wastewater
1.3.2 Drinking-Water
1.3.3 Air Treatment
1.3.4 Others
1.4 Ozone Generation Technology Market Segmentation by Regions
1.4.1 North America
1.4.2 China
1.4.3 Europe
1.4.4 Southeast Asia
1.4.5 Japan
1.4.6 India
1.4.7 Global Market Size (Value) of Ozone Generation Technology (2015-2028)
Chapter 2 Global Economic Impact on Ozone Generation Technology Industry
2.1 Global Macroeconomic Environment Analysis
2.1.1 Global Macroeconomic Analysis
2.1.2 Global Macroeconomic Environment Development Trend
2.2 Global Macroeconomic Environment Analysis by Regions
Chapter 3 Global Ozone Generation Technology Market Competition by Manufacturers
3.1 Global Ozone Generation Technology Production and Share by Manufacturers (2021 and 2022)
3.2 Global Ozone Generation Technology Revenue and Share by Manufacturers (2021 and 2022)
3.3 Global Ozone Generation Technology Average Price by Manufacturers (2021 and 2022)
3.4 Manufacturers Ozone Generation Technology Manufacturing Base Distribution, Production Area and Product Type
3.5 Ozone Generation Technology Market Competitive Situation and Trends
3.5.1 Ozone Generation Technology Market Concentration Rate
3.5.2 Ozone Generation Technology Market Share of Top 3 and Top 5 Manufacturers
3.5.3 Mergers & Acquisitions, Expansion
Chapter 4 Global Ozone Generation Technology Production, Revenue (Value) by Region (2015-2022)
4.1 Global Ozone Generation Technology Production by Region (2015-2022)
4.2 Global Ozone Generation Technology Production Market Share by Region (2015-2022)
4.3 Global Ozone Generation Technology Revenue (Value) and Market Share by Region (2015-2022)
4.4 Global Ozone Generation Technology Production, Revenue, Price and Gross Margin (2015-2022)
4.5 North America Ozone Generation Technology Production, Revenue, Price and Gross Margin (2015-2022)
4.6 Europe Ozone Generation Technology Production, Revenue, Price and Gross Margin (2015-2022)
4.7 China Ozone Generation Technology Production, Revenue, Price and Gross Margin (2015-2022)
4.8 Japan Ozone Generation Technology Production, Revenue, Price and Gross Margin (2015-2022)
4.9 Southeast Asia Ozone Generation Technology Production, Revenue, Price and Gross Margin (2015-2022)
4.10 India Ozone Generation Technology Production, Revenue, Price and Gross Margin (2015-2022)
Chapter 5 Global Ozone Generation Technology Supply (Production), Consumption, Export, Import by Regions (2015-2022)
5.1 Global Ozone Generation Technology Consumption by Regions (2015-2022)
5.2 North America Ozone Generation Technology Production, Consumption, Export, Import by Regions (2015-2022)
5.3 Europe Ozone Generation Technology Production, Consumption, Export, Import by Regions (2015-2022)
5.4 China Ozone Generation Technology Production, Consumption, Export, Import by Regions (2015-2022)
5.5 Japan Ozone Generation Technology Production, Consumption, Export, Import by Regions (2015-2022)
5.6 Southeast Asia Ozone Generation Technology Production, Consumption, Export, Import by Regions (2015-2022)
5.7 India Ozone Generation Technology Production, Consumption, Export, Import by Regions (2015-2022)
Chapter 6 Global Ozone Generation Technology Production, Revenue (Value), Price Trend by Type
6.1 Global Ozone Generation Technology Production and Market Share by Type (2015-2022)
6.2 Global Ozone Generation Technology Revenue and Market Share by Type (2015-2022)
6.3 Global Ozone Generation Technology Price by Type (2015-2022)
6.4 Global Ozone Generation Technology Production Growth by Type (2015-2022)
Chapter 7 Global Ozone Generation Technology Market Analysis by Application
7.1 Global Ozone Generation Technology Consumption and Market Share by Application (2015-2022)
7.2 Global Ozone Generation Technology Consumption Growth Rate by Application (2015-2022)
7.3 Market Drivers and Opportunities
7.3.1 Potential Applications
7.3.2 Emerging Markets/Countries
Chapter 8 Ozone Generation Technology Manufacturing Cost Analysis
8.1 Ozone Generation Technology Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Price Trend of Key Raw Materials
8.1.3 Key Suppliers of Raw Materials
8.1.4 Market Concentration Rate of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.2.1 Raw Materials
8.2.2 Labor Cost
8.2.3 Manufacturing Expenses
8.3 Manufacturing Process Analysis of Ozone Generation Technology
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
9.1 Ozone Generation Technology Industrial Chain Analysis
9.2 Upstream Raw Materials Sourcing
9.3 Raw Materials Sources of Ozone Generation Technology Major Manufacturers in 2022
9.4 Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
10.1 Marketing Channel
10.1.1 Direct Marketing
10.1.2 Indirect Marketing
10.1.3 Marketing Channel Development Trend
10.2 Market Positioning
10.2.1 Pricing Strategy
10.2.2 Brand Strategy
10.2.3 Target Client
10.3 Distributors/Traders List
Chapter 11 Market Effect Factors Analysis
11.1 Technology Progress/Risk
11.1.1 Substitutes Threat
11.1.2 Technology Progress in Related Industry
11.2 Consumer Needs/Customer Preference Change
11.3 Economic/Political Environmental Change
Chapter 12 Global Ozone Generation Technology Market Forecast (2022-2028)
12.1 Global Ozone Generation Technology Production, Revenue Forecast (2022-2028)
12.2 Global Ozone Generation Technology Production, Consumption Forecast by Regions (2022-2028)
12.3 Global Ozone Generation Technology Production Forecast by Type (2022-2028)
12.4 Global Ozone Generation Technology Consumption Forecast by Application (2022-2028)
12.5 Ozone Generation Technology Price Forecast (2022-2028)
Chapter 13 Appendix
Published On:May 2022
Base Year:2021
Historical Data:2018 - 2020
No of Pages:250
Ozone Generation Technology Market Size, Share & T...
RD Code : EP22