"Actionable Insights to Fuel Your Growth"
The ozone sector has been rapidly growing since the last decade owing to several factors, such as demand in the wastewater treatment industry. In addition, there are plentiful application areas of ozone in multiple sectors, such as sanitation of food plant equipment, food surface hygiene, and lowering biological oxygen demand and chemical oxygen demand of food plant waste. However, a boost in such industries across the regions leads to an upsurge in ozone generation and is predicted to act as the major driving factor for the market. Global manufacturers are trying to develop advanced technologies to control certain levels of supportive devices, such as the price of ozone sensors. The rising demand for ozone generation devices is backing the ozone generation market and will help to grow in the upcoming years.
The COVID-19 pandemic hindered market growth, with customer preferences shifting toward essential items and depressing demand for automobiles, electronics, and equivalent devices. The manufacturing sector also severely affected the market owing to the closure of import and export of goods.
The report covers the following key insights:
By Technology | By Application | By End-User | By Geography |
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High-ultraviolet, Electrolytic, Cold Plasma, and Corona Discharge are the major technologies used to generate ozone. The corona discharge is one of the dominating technologies highly used. This is owing to the generation of pure ozone with no chemicals and gases. Additionally, they are offered at mid-range prices and produce therapeutic/medical-grade ozone, which energies their demand. Cold Plasma is one of the fastest growing segments in the global market, driven by its advantages such as low maintenance and high discharge rate. Ultraviolet and electrolytic segments are also contributing to the regional market growth and probably will continue to grow rapidly in the coming years.
The global market based on the application can be segmented into wastewater treatment, medical equipment, air purification, food & beverage, and others. The wastewater treatment application segment is expected to dominate the market in the forecast years. Currently, it accounts for the highest market share, owing to the rising investments in water treatment plants globally. For Instance, the New headquarters of Bhopal Municipal Corporation (BMC) announced the installation of an ozone generation plant in the coming years. It would be custom-built for disinfection and polishing of treated water, according to officials. Other applications, such as medical equipment, air purification, and food & beverage, are also heavily contributing to the global market as these are the focused applications backed by ozone generation.
Based on the end-user, the market covers industrial, residential, municipal, and others. As per the current projects and ongoing deployments by various government bodies, municipal is the dominating segment globally. For Instance, in April 2022, Toshiba Infrastructure Systems & Solutions Corporation (hereafter TISS) proclaimed that they had decided on an agreement with Larsen & Toubro Limited for three ozone generators at the Chandrawal Water Treatment Plant in Delhi, India. The commercial segment is about to grow with the rapid demand owing to the rising awareness regarding team member safety in workplaces. Ozone generation is heavily being used in the industrial sectors for several applications, it may create demand in the global market.
North America is the dominating segment in the global market. This is owing to the weight on demand for air treatment systems for dusting pungent odors, removing the smell of smoke, and eliminating mold. For Instance, in 2024, In the U.S., ozone-depleting substances are regulated as class I, which means Class I substances, such as chlorofluorocarbons and halons, are banned from production and import.
Asia Pacific is the fastest growing segment in the global market, driven by water treatment plants, severe, and agriculture practices. In addition, the availability of significant players in China and India is backing the Asia Pacific market for ozone generation.
Europe is considered as the most populated region in the world. Many countries in the region are facing challenges regarding the purification of water and air. For Instance, In August 2023, The data reported by the World Resources Institute (WRI) about countries such as Portugal, Greece, Italy, and Spain are facing severe water stress, which is forecast to worsen in the future due to climate changes.
Latin America and the Middle East & Africa are also focusing on water treatment plants and air quality index owing to the awareness regarding climate change. This will probably boost the market growth in countries, such as Brazil and GCC.
Some major businesses in the global ozone generation market are Mitsubishi Motors Corporation, Toshiba Corporation, Daikin Industries, Ltd., Suez, OTSIL, Xylem, Ebara Corporation, MKS Instrument, Spartan Environmental, and Teledyne.
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