According to SPER Market Research, the Ozone is a colourless, poisonous gas that occurs naturally at high elevations in the atmosphere. It is a chemical that reacts violently with other gases in the atmosphere. Some air cleaners produce ozone as a by Product, while others, known as ozone generators, produce it on purpose for air and water cleaning. The terms "activated oxygen," "trivalent oxygen," and "energetic oxygen" are commonly used by ozone generator manufacturers. An ozone generator is a device that can remove impurities from the air and has an influence on various odour sources within a car. Ozone is hazardous and must be utilised with caution.
Ozone Generation Market Overview:
- Forecast CAGR (2022-2032): 5.54%
- Forecast Market Size (2032): 2.86 billion
Increasing demand for ozone generators from water treatment facilities is propelling the global ozone generator market forward. The scarcity of pure water increases the demand for its recycling and reuse. Water scarcity and pollution are driving up demand for water purification, and ozone is one of the most powerful water sterilizers. Another factor driving the growth of the ozone generators market is the increased use of ozone technologies, as well as rising urbanization and demographic rise. Furthermore, rising air pollution and greenhouse gas (GHG) emissions are eroding the stratospheric ozone layer. The market for ozone generating systems is also fuelled by factors such as expanding awareness of the negative impacts of pollution, rising demand for clean water and air, and the need for more effective and affordable disinfection techniques.
The global ozone generating market has been impacted in several ways by the COVID-19 epidemic. On the one hand, due to their efficiency in sanitizing surfaces and the air, which has become a priority for many organizations and institutions during the pandemic, ozone generation systems are in higher demand in some industries. For instance, ozone generators are used to disinfect surfaces and the air in hospitals, lodging facilities, public transit, and other high-traffic places.
Impact of COVID-19 on the Global Ozone Generation Market:
On the other hand, due to lockdowns and limitations on the movement of people and commodities, the pandemic has also led to interruptions in the supply chain for ozone generation systems, forcing several manufacturers to temporarily halt or curtail output. In addition, the pandemic's economic effects have resulted in budget cuts and lower spending on non-essentials, which might have had an impact on some industries' need for ozone producing equipment. Thus, even if the COVID-19 pandemic has posed difficulties for the global ozone generation market, it has also brought attention to the significance of efficient disinfection techniques and could have raised awareness and demand for ozone generating systems in some sectors.
The need for more effective and affordable disinfection techniques as well as rising demand for clean water and air are projected to fuel further growth in the worldwide ozone generation market in the years to come.
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Absolute Systems Inc., Corotec Corporation, Ebara Corporation, Electrolux, Evoqua Water Technologies LLC, Industrie De Nora S.p.A., Fuji Electric Co., Ltd., Mellifiq, Mitsubishi Electric Corporation, MKS Instruments, Teledyne Technologies, Toshiba Corporation, Xylem.
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Global Ozone Generation Market Segmentation:
By Technology: Based on the Technology, Global Ozone Generation Market is segmented as; Cold Plasma, Corona Discharge, Electrolytic, Ultraviolet.
By End User: Based on the End Use, Global Ozone Generation Market is segmented as; Industrial, Municipal, Residential.
By Process: Based on the Process, Global Ozone Generation Market is segmented as;
Disinfection, Groundwater Remediation, Odour Control.
By Application: Based on the Application, Global Ozone Generation Market is segmented as; Air Purification, Aquaculture, Food & Beverage, Medical Equipment, Surface Treatment, Waste Water Treatment.
By Region: By Region, the study provides market insights into Asia-Pacific, Europe, Latin America, Middle East and North America. This is attributed to numerous factors, including the largest production of oxygen in the region, which in turn leads to production of ozone.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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