Ozone Generator Market Regions, Application, Trends, Business Scenario, Size, Share, and Forecasts Report 2027
Earth Sciences / by pallavi patil / 154 views
Surge in industrialization and urbanization coupled with rise in consumer spending is expected to drive the ozone generator market during the forecast period. Ozone generators witness high demand from different end-use industries such as food & beverage, construction, healthcare, and automotive.The global ozone generator market was valued at USD 942.5 Million in 2019 and is projected to reach USD 1,501.8 Million by 2027, at a CAGR of 5.9% during the forecast period.
The global ozone generator market is estimated to reach value of USD 1,501.8 Million by 2027, according to a current analysis by Emergen Research. Ozone generators offer a safe and effective process to treat impurities in air. They are marketed as odor removers. These machines help in treating liquid wastes, such as cyanides and phenols. They also clean and deodorize gases from sewage. Major drivers of the ozone generator market include stringent environmental regulations implemented by national and local governments and surge in the demand for ozone generators from various end-use industries. However, high installation and operational costs of ozone generators and lack of awareness about the product are likely to hinder the market during the forecast period.
Global Ozone Generator market forecast has been provided following thorough study, focus, comparison, and analysis of a varying range of factors and past market forecast and present outcomes. Ozone Generator Market forecast is made possible through, but has not been limited to, a study and analysis of a variety of factors and trends, and these are verified through interviews with industry experts and companies operating in the market.
Read more@ https://www.emergenresearch.com/industry-report/ozone-generator-market
Key Highlights of Report
In July 2020, Airthereal launched a new mini portable ozone generator for small spaces to help businesses and homeowners disinfect and clean indoor air. The PA50-GO portable ozone generator is a battery-powered cordless machine that is optimal for cars and mobility during pandemic. There is a rise in demand for purified air while driving or taking public transport after COVID-19.
The corona discharge segment held the largest market share in the year 2019. This technology is available at reasonable prices. Corona discharge ozone generators produce medical-grade ozone, which fuels the segment.
Ozone generators are used in laboratory and medical equipment to disinfect medical equipment and also treat health conditions. They can also help in prevention of wounds. Moreover, people with breathing issues can benefit from ozone therapy, as it reduces stress on the lungs by increasing the oxygen level in blood.
The municipal segment held the largest market share in 2019, as ozone generators are commonly used to treat municipal water. Ozone generators are employed at pre- or post-filtration treatment step to eliminate break down impurities and enhance the quality of water.
The Asia Pacific region held the largest market share in the year 2019. High demand from China and Japan is propelling the market for ozone generators in the region. Shortage of water supply in developing nations and adoption of sophisticated water treatment technologies are likely to boost the market in the region during the forecast period.
Key market participants include Toshiba, Suez, Mitsubishi, Ozone Tech Systems, Daikin, Lenntech, Primozone, Faraday Ozone, Ozone Solutions, and DEL Ozone
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North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Chapter 1: Methodology & Scope
- Definition and forecast parameters
- Methodology and forecast parameters
- Data Sources
Chapter 2: Executive Summary
- Business trends
- Regional trends
- Product trends
- End-use trends
Chapter 3: Industry Insights
- Industry segmentation
- Industry landscape
- Vendor matrix
- Technological and innovation landscape
Chapter 4: Regional Landscape
Chapter 5: Company Profile
- Business Overview
- Financial Data
- Product Landscape
- Strategic Outlook
At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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