Ozone Generator Market

Global Ozone Generator Market Research Report: By Technology (Cold Plasma, Corona Discharge, Electrolysis, Ultraviolet), By Application (Wastewater Treatment, Air Treatment, Laboratory & Medical Equipment, Others), By End-use (Municipal, Commercial, Industrial, Residential), and Region (North America, Europe, Asia-Pacific, and Rest of the World) Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2023-2031.

Energy & Power | December 2023 | Report ID: EMR00318 | Pages: 301

The global ozone generator market was valued at USD 1.25 billion in 2022 and is estimated to reach approximately USD 2.24 billion by 2031, at a CAGR of 6.7% from 2023 to 2031.

 

Because ozone generators can be used in a wide range of industries, the market for them has grown significantly. These generators purify water, sterilize air, and eliminate odors by using ozone, a potent oxidizing agent. Their widespread use in the municipal, agricultural, and healthcare sectors can be attributed to their efficaciousness in purifying water for drinking, wastewater treatment, and industrial activities. Furthermore, ozone generators play a crucial role in air purification systems, which remove contaminants and improve the quality of indoor air in residential, commercial, and healthcare settings. Ozone generators provide an environmentally favorable substitute for conventional chemical disinfectants, therefore growing concerns about environmental sustainability are also driving the market's growth. Further propelling market expansion are technological developments like the creation of ozone generators that are more compact and efficient. The market for ozone generators is expected to grow in the future due to the growing emphasis on clean air, water, and sanitation. These generators provide solutions that meet the needs of many industries and are in line with international sustainability objectives.

 

 

 

OZONE GENERATOR MARKET: REPORT SCOPE & SEGMENTATION

Report Attribute

Details

Estimated Market Value (2022)

1.25 Bn

Projected Market Value (2031)

2.24 Bn

Base Year

2022

Forecast Years

2023 - 2031

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- By Technology, By Application, By End-use, & Region

Segments Covered

By Technology, By Application, By End-use, & Region

Forecast Units

Value (USD Billion or Million), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2023 to 2031

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and the Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.

 

Global Ozone Generator Market Dynamics

The need for ozone generators has increased across a range of businesses due to growing knowledge of and concerns about the quality of the air and water. Their widespread use in industries like water treatment, healthcare, and food & beverage is spurred by their effectiveness in disinfection, odor elimination, and purifying procedures. Developments in technology have a significant impact on how markets function. The objective of continuous research and development endeavors is to augment the efficacy, dependability, and economical viability of ozone generators. Widening their applicability, innovations in materials and designs lead to systems that are more compact, energy-efficient, and user-friendly. Furthermore, enterprises are searching for environmentally appropriate substitutes due to strict environmental restrictions and an increasing focus on sustainable operations. In comparison to conventional chemical-based disinfection techniques, ozone generators provide a greener option that supports sustainability objectives and spurs market expansion. However, issues still exist, such as worries about the safety of ozone, appropriate handling, and regulatory compliance. Furthermore, different technology standards and market fragmentation present purchasers with a varied environment that influences their decisions to buy. the producer of ozone The interplay of technical innovation, legal frameworks, environmental concerns, and changing industry demands shapes market dynamics and creates opportunities for sustained expansion and diversification.

 

Global Ozone Generator Market Drivers

  • Growing Awareness of Environmental Health

This increased awareness is a result of growing worries about deteriorating air and water quality, which are compounded by an increasing realization of the detrimental effects on ecosystems and human health. Cases of diseases spread by water, health issues linked to air pollution, and environmental deterioration have prompted people, groups, and governments to look for practical remedies. Ozone generators have become an essential part in solving these issues because of their shown capacity to disinfect water, clean air, and remove impurities. Moreover, there's a noticeable trend toward environmentally friendly substitutes like ozone generators as knowledge about the harmful consequences of traditional chemical-based disinfectants spreads. This heightened awareness affects consumer decisions and pushes regulatory agencies to impose more stringent rules that support environmentally friendly and sustainable technologies. As a result, the demand for ozone generators continues to rise across a variety of industries and geographical areas due to the increasing awareness of the crucial connection between human health and environmental health.

  • Demand for Compact and Efficient Systems

Ozone generators are becoming increasingly compact and streamlined as a result of industry and consumer demand for more adaptable, user-friendly, and space-efficient solutions. The necessity for flexible solutions that can fit into many contexts without taking up a lot of space is what drives the drive for compactness. Furthermore, technological developments have made it possible to create ozone generators that are more effective in terms of performance and energy consumption, in addition to being smaller in size. Because of their increased usability and cost reductions, these systems' efficiency is drawing in a larger pool of potential customers. Furthermore, these systems' compact design fits in nicely with the integration and automation trend. They enable smooth operation and control by being readily incorporated into automated processes, smart systems, or current setups. Compactness and efficiency are in high demand across a wide range of industries, including residential applications, hospitality, healthcare, and agriculture. The market for small, effective ozone generators is expanding as consumers and organizations place a higher priority on energy economy, convenience of use, and space optimization. This is changing how industries approach water and air cleaning solutions.

 

Restraints:

  • Safety Concerns and Ozone Exposure

Ozone is a vigorous oxidizing agent that, although effective in purifying and disinfecting, can be harmful to health if not used properly. High ozone exposure can aggravate pre-existing respiratory disorders, cause eye and throat irritation, and cause respiratory problems. The acceptance and use of ozone generators in a variety of contexts and sectors is impacted by customer confidence and regulatory issues around ozone exposure. Manufacturers and users face additional complexity and compliance issues due to regulatory organizations' strict rules and permitted limits for ozone concentration levels. The difficulty of using these systems increases because it takes specialist knowledge and adherence to safety regulations to ensure correct installation, operation, and maintenance to limit exposure hazards.

  • High Initial Costs and Operational Expenses

Ozone generators might be expensive up front, but they have long-term advantages in terms of water treatment, air filtration, and disinfection. The initial acquisition cost covers the cost of the equipment itself, installation charges, and frequently the need for specialized knowledge to ensure correct setup. Ongoing operating costs also include electricity use, upkeep, and the need for regular repair of parts like filters or tubes that produce ozone. Potential customers, particularly smaller companies or cost-conscious individuals, can be discouraged from purchasing ozone generating equipment due to these total costs. Furthermore, the total cost of ownership is increased by the requirement for routine maintenance and component replacements, which makes it difficult to justify these costs in light of current financial restrictions. Therefore, the perceived high initial and ongoing expenses pose a significant barrier to entry for certain potential users, impeding the wider use of ozone generators despite their efficacy and long-term benefits. In order to lessen this restriction and promote broader adoption of ozone generator technology, efforts must be made to develop innovative, economically viable solutions and improve affordability while upholding performance standards.

 

Opportunities:

  • Expanding Industrial Applications

Pharmaceutical, semiconductor, and aquaculture industries are just a few of the sectors that are starting to realize the many uses for ozone technology. Ozone is a crucial instrument in pharmaceutical production because of its exceptional oxidation and disinfection properties, which guarantee sterilization and strict cleanliness requirements. Ozone is essential to semiconductor manufacturing because it purges impurities and pollutants from air and process water, improving yield and product quality. Furthermore, the aquaculture industry's demand for long-lasting and efficient water treatment solutions is well aligned with ozone's capacity to purify water and eradicate germs without leaving harmful residues. Because of its adaptability, ozone technology can be used in a wide range of other industrial sectors that need effective ways to sterilize, control odors, and disinfect. The industrial ozone generator market is expected to grow significantly and see significant innovation as more businesses recognize and incorporate ozone-based solutions into their operations. This rapidly expanding opportunity will be further unlocked by ongoing research and development to customize ozone solutions for particular industrial applications.

  • Smart and IoT Integration

The opportunity to change the applicability and efficiency of ozone generator systems through the integration of smart technologies and IoT (Internet of Things) capabilities is strong. These systems can now link, interact, and be watched over and managed remotely thanks to the integration of IoT. By enabling real-time data collecting, analysis, and decision-making, this link maximizes operational performance and efficiency. Ozone generators can maximize their effectiveness while consuming the fewest resources possible by adjusting their production in response to changing environmental conditions, usage trends, and individual demands thanks to IoT integration. Furthermore, preventative maintenance is made possible by remote monitoring, which guarantees peak performance and minimizes downtime. Predictive analytics is made possible by smart capabilities, which also improve reliability and offer a more user-friendly experience by seeing possible problems before they arise.  Furthermore, IoT connection creates opportunities for smooth integration with already-existing smart infrastructure in residences, workplaces, and urban areas, coordinating ozone generator systems with more comprehensive smart ecosystem projects. This integration puts ozone generators at the forefront of the rapidly changing smart solutions environment by improving their functionality and adaptability while also laying the foundation for a more connected and effective approach to water and air purification.

 

Segment Overview

By Technology

Based on technology, the global ozone generator market is divided into cold plasma, corona discharge, electrolysis, ultraviolet. The corona discharge category dominates the market with the largest revenue share in 2022. These generators use an electrical discharge (corona) to create ozone. They contain a dielectric material between two electrodes where a high voltage electric field is applied. This process causes the oxygen molecules (O2) to break apart, leading to the formation of ozone (O3). Corona discharge generators are widely used due to their high ozone output and relatively low operating costs. UV ozone generators employ ultraviolet light to generate ozone by breaking down oxygen molecules. Oxygen gas (O2) passes through a UV lamp where the high-energy UV-C light splits the oxygen molecules, allowing the formation of ozone. UV ozone generators are often used in smaller-scale applications and are known for their simplicity and safety in operation. Cold plasma generators create ozone by using a plasma field generated at room temperature. They employ a dielectric barrier discharge (DBD) or other plasma-generating methods to convert oxygen molecules into ozone. Cold plasma generators are known for their efficiency and ability to produce high concentrations of ozone but are less commonly used compared to corona discharge generators. Electrolysis-based ozone generators use an electrolytic cell that applies an electrical current to a saline or water solution. This process generates ozone by splitting water molecules into oxygen and hydrogen, and then recombining the oxygen to form ozone. Electrolytic generators are often used in smaller-scale applications and are valued for their simplicity and ease of use.

 

By Application

Based on the application, the global ozone generator market is categorized into wastewater treatment, air treatment, laboratory & medical equipment, others. The wastewater treatment category leads the global ozone generator market with the largest revenue share in 2022. Ozone generators play a crucial role in wastewater treatment plants. They are used for disinfection and oxidation purposes to remove organic compounds, bacteria, viruses, and other pollutants from wastewater. Ozone is effective in breaking down contaminants and eliminating odors, making it a valuable tool in the purification of industrial and municipal wastewater before its discharge or reuse. Ozone generators are used extensively in air purification systems to improve indoor air quality in various settings. They help eliminate odors, bacteria, viruses, mold, and other airborne contaminants. Ozone's strong oxidizing properties make it effective in neutralizing and eliminating pollutants, providing cleaner and fresher air in residential, commercial, and industrial spaces. In laboratory and medical settings, ozone generators find applications in sterilization, disinfection, and sanitation processes. Ozone is used to sterilize equipment, sanitize surfaces, and purify air in medical facilities, laboratories, pharmaceutical manufacturing, and healthcare settings. Its ability to kill bacteria, viruses, and other pathogens makes it valuable in maintaining hygienic conditions in these environments.

 

By End-Use

Based on end-use, the global ozone generator market is segmented into municipal, commercial, industrial, residential. The municipal segment dominates the ozone generator market. In municipal applications, ozone generators are extensively used in large-scale water treatment plants for disinfection and purification of drinking water and wastewater. Ozone is employed to remove organic compounds, pathogens, and contaminants from water sources, ensuring cleaner and safer water for communities. Municipalities often use ozone generators as part of their water treatment infrastructure to meet regulatory standards and provide high-quality drinking water to residents. Commercial applications of ozone generators cover a wide range of industries and businesses. These generators are used in places like hotels, restaurants, office buildings, shopping malls, and other commercial spaces for air purification and odor control. They help maintain a clean and healthy environment for customers, employees, and visitors by eliminating odors, bacteria, viruses, and other pollutants from the air. The industrial sector extensively utilizes ozone generators for various purposes such as water treatment, air purification, and disinfection in manufacturing processes. Industries like food and beverage, pharmaceuticals, electronics, textiles, and chemical manufacturing employ ozone for sterilization, oxidation, and treatment of water and air to ensure product quality, comply with regulations, and maintain a sanitized environment. In residential settings, ozone generators are used for air purification purposes. They help improve indoor air quality by removing odors, allergens, bacteria, and other contaminants, creating a healthier living environment. Residential ozone generators are often smaller in size and designed for use in homes, apartments, and smaller spaces to enhance air freshness and cleanliness.

 

Global Ozone Generator Market Overview by Region

The global ozone generator market is categorized into North America, Europe, Asia-Pacific, and the Rest of the World. North America emerged as the leading region, capturing  the largest market share in 2022. The strict environmental laws in the area pertaining to air and water quality have played a major role in the growing popularity of ozone generators. The usage of ozone technology for water treatment and purification has increased as a result of compliance requirements for clean water standards in the municipal and industrial sectors. North America is renowned for its prolific innovations and technical breakthroughs. As a result of ongoing research and development, more sophisticated and efficient ozone generating technologies have been developed, drawing in companies and industries looking for state-of-the-art air and water purifying solutions. Ozone generator demand has surged in the region due to growing awareness of health and safety concerns, especially in the residential and commercial sectors. The adoption of these devices in different settings has been fueled by the desire for better water sources and cleaner indoor air. Ozone generators have a wide range of uses due to North America's diversified industrial landscape, which includes industries like food and beverage, healthcare, manufacturing, and more. These sectors use ozone technology for purification, disinfection, and sterilization procedures, which accelerates the market's expansion. The adoption of ozone generators has been accelerated by ongoing expenditures in infrastructure development, particularly in wastewater management and water treatment facilities, placing North America at the forefront of this market.

 

 

 

Global Ozone Generator Market Competitive Landscape

In the global ozone generator market, a few major players exert significant market dominance and have established a strong regional presence. These leading companies remain committed to continuous research and development endeavors and actively engage in strategic growth initiatives, including product development, launches, joint ventures, and partnerships. By pursuing these strategies, these companies aim to strengthen their market position, expand their customer base, and capture a substantial share of the market.

Some of the prominent players in the global ozone generator market include Chemtronics Technologies Pvt. Ltd., Corotec Corporation, Creative Oz-Air (I) Pvt Ltd, Faraday Ozone Products Private Limited, Industrie De Nora S.p.A., Lenntech B.V., Metawater Co.,Ltd., Mitsubishi Electric Corporation, MKS Instruments, Inc., Ozonetech Systems OTS AB, Spartan Environmental Technologies, Teledyne Advanced Pollution Instrumentation, Toshiba Corporation, Veolia Water Technologies & Solutions, Xylem Inc., and various other key players.

 

Global Ozone Generator Market Recent Developments

In May 2023, An all-stock deal worth around USD 7.5 billion saw the acquisition of Evoqua Water Technologies LLC by US-based water solutions provider Xylem. Evoqua is a major leader in mission-critical water treatment equipment and services. As a result of this acquisition, the most cutting-edge platform of capabilities in the world is now available, ready to meet the urgent water demands of communities and customers of Xylem.

In January 2023, In order to help create a clean and safe living environment at DMC*1-MIKAWA, a smart factory in Japan (Toyokawa City, Aichi Prefecture), Konica Minolta, Inc. (Konica Minolta) announced that the company has collaborated with Tamura TECO Co., Ltd. (Tamura TECO), a leading company of ozone-related products, to develop the second ozone generator. The company has also begun mass-producing BACTECTOR 2.0SC, a high-cost-performance, affordable product with proprietary powerful functions that effectively disinfect and suppress bacteria and viruses.

 

Ozone Generator Market Report Segmentation

ATTRIBUTE

DETAILS

By Technology

  • Cold Plasma
  • Corona Discharge
  • Electrolysis
  • Ultraviolet

By Application

  • Wastewater Treatment
  • Air Treatment
  • Laboratory & Medical Equipment
  • Others

 

By End-Use

  • Municipal
  • Commercial
  • Industrial
  • Residential

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request

Pricing

  • Available upon request

 

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

  • Global Ozone Generator Market Size and Forecast:

To identify and estimate the market size for the global ozone generator market segmented by technology, by application, by end-use, region and by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers of ozone generator between 2019 and 2031.

  • Market Landscape and Trends:

To identify and infer the drivers, restraints, opportunities, and challenges for the global ozone generator market

  • Market Influencing Factors:

To find out the factors which are affecting the sales of ozone generator among consumers

  • Impact of COVID-19:

To identify and understand the various factors involved in the global ozone generator market affected by the pandemic

  • Company Profiling:

To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Intended Audience

  • Industry Professionals
  • Environmental Regulatory Bodies
  • Manufacturers and Suppliers
  • Investors and Decision-Makers
  • Research and Academia
  • Governments, Associations, and Industrial Bodies
  • Investors and Trade Experts

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

The global ozone generator market forecast period is 2023 - 2031.
According to ozone generator market research, the market is expected to grow at a CAGR of ~6.7% over the coming years.
Asia-Pacific is expected to register the highest CAGR during 2023 - 2031
North America held the largest share in 2022.
The major players operating in the global ozone generator market include Chemtronics Technologies Pvt. Ltd., Corotec Corporation, Creative Oz-Air (I) Pvt Ltd, Faraday Ozone Products Private Limited, Industrie De Nora S.p.A., Lenntech B.V., Metawater Co.,Ltd., Mitsubishi Electric Corporation, MKS Instruments, Inc., Ozonetech Systems OTS AB, Spartan Environmental Technologies, Teledyne Advanced Pollution Instrumentation, Toshiba Corporation, Veolia Water Technologies & Solutions, Xylem Inc. ,and various others.