The global ozone generator market size is expected to reach USD 1.0 billion by 2027, according to a new report by Grand View Research, Inc., registering a CAGR of 6.9% over the forecast period. Rising investments in up-gradation and expansion of wastewater treatment facilities are expected to boost the product demand over the coming years.
Prolonged
exposure of ozone can cause lung, throat, nose, and eye irritation; shortness
of breath; can adversely affect indoor plants, can damage materials including
fabrics, electrical wire coating, and rubber; and can exacerbate chronic
respiratory diseases, such as asthma. All these factors are expected to
restrict market growth over the coming years.
The
demand for ozone generators in the residential segment is anticipated to
witness the highest growth. Ozone can reach every corner of the environment,
unlike ultraviolet sterilization, which leaves some places unsterilized. It also
leaves no poisonous residue and can be produced by simple equipment, which can
be used for public transportation modes, such as high-speed railways,
airplanes, ships and buses; single rooms; and large public places.
Full Research Report On Ozone Generator Market Visit
Here: https://www.grandviewresearch.com/industry-analysis/ozone-generator-market
Ozone Generator
Market Report Highlights
- Corona discharge segment is
anticipated to be the largest one over the coming years as these
generators produce pure ozone with no hint of chemicals and gases
- Cold plasma ozone generators
are projected to register the fastest CAGR from 2020 to 2027 owing to the
high ozone concentration along with low oxygen and energy consumption
- Demand for ozone
disinfection in municipal wastewater treatment plants is expected to
register a CAGR of 6.4% over the forecast period because of its high
oxidizing power and oxygen as by-products
- China is expected to witness
a significant growth in the APAC regional market owing to rising water
shortages and water pollution due to rapid urbanization and
industrialization
- Key players in the market
are collaborating with other manufacturers to gain a competitive advantage
to use advanced technologies in the field and develop a strong foothold in
the industry
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Ozone Generator Market
Segmentation
Grand View Research has segmented
the global ozone generator market on the basis of technology, application, end
use, and region:
Ozone Generator
Technology Outlook (Revenue, USD Million, 2016 - 2027)
- Corona Discharge
- Cold Plasma
- Electrolysis
- Ultraviolet
Ozone Generator
Application Outlook (Revenue, USD Million, 2016 - 2027)
- Wastewater Treatment
- Air Treatment
- Laboratory & Medical
Equipment
- Others
Ozone Generator
End-use Outlook (Revenue, USD Million, 2016 - 2027)
- Municipal
- Industrial
- Commercial
- Residential
Ozone Generator
Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Asia Pacific
- China
- Japan
- India
- Australia
- Central & South America
- Brazil
- Argentina
- Middle East & Africa
- South Africa
- UAE
List of Key Players
of Ozone Generator Market
- Mitsubishi Motors Corp.
- Toshiba Corp.
- Daikin Industries, Ltd.
- Suez
- Ozone Tech Systems
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company, registered
in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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