Ozone Generation Market Forecasts to 2028 – Global Analysis By Technology (Cold Plasma, Corona Discharge), Application (Potable Water Treatment, Medicine), End User (Commercial, Industrial) and By Geography

Ozone Generation Market Forecasts to 2028 – Global Analysis By Technology (Cold Plasma, Corona Discharge), Application (Potable Water Treatment, Medicine), End User (Commercial, Industrial) and By Geography

According to Stratistics MRC, the Global Ozone Generation Market is accounted for $0.74 billion in 2022 and is expected to reach $1.22 billion by 2028 growing at a CAGR of 8.6% during the forecast period. Ozone generator refers to a device used to convert oxygen from sources like ambient air, concentrated oxygen, or dry air into ozone. This system can produce ozone by adding energy to the oxygen molecules, which results in the separation of oxygen atoms and allows for temporary recombination with other oxygen molecules. Ozone solutions are used as an effective method to prevent biological coating and eliminate airborne viruses, spores, and bacteria.

Qatar had the largest population-weighted concentration of ambient ozone pollution in 2019, at 67.2 part per billion. This was closely followed by Nepal. Countries with high concentrations of ozone pollution were typically located in the Middle East and South Asia. In 2019, the seasonal population-weighted concentration of ozone pollution in Laos amounted to around 42 parts per billion. This was an increase from 2000, in which the seasonal population-weighted concentration of ozone pollution in Laos amounted to just over 32 parts per billion.

Market Dynamics:

Driver:

Rise in need for clean drinking water

Ozone is considered to be one of the best oxidants. It is the most powerful disinfectant which is majorly used for water treatment in various industries. Increasing demand for clean water in various regions for drinking purposes is predicted to be the major driving factor for the global market in the estimated period. In addition, there has been a steep rise in the population across the globe due to which the demand for clean drinking water has also increased, which is predicted to be one of the major driving factors for the market in the estimated period. Moreover, rapid urbanization across the globe is predicted to drive the global ozone generation market in the forecast period.

Restraint:

High installation & operational cost of ozone generation systems

The installation cost of ozone generators is predicted to be very high which may hinder the market growth in the forecast period. Due to the high-cost factor, most of the places cannot afford ozone generators. The operational cost of various ozone generators is also on a higher-end, which is predicted to be the biggest restraint for the global market in the forecast period.

Opportunity:

Development in ozone generation technologies particularly in emerging countries

Advancements in ozone generation technologies are expected to drive market revenue growth during the forecast period. Recent advancements in ozone-based advanced oxidation processes for the treatment of wastewater are resulting in increasing demand for ozone generation technology. Ozone-based Advanced Oxidation Processes (AOP) offers more enhanced treatment efficiency and are considered a good option for removing recalcitrant organic materials in wastewater by oxidation reactions with hydroxyl radical.

Threat:

Lack of awareness regarding ozone generators

The market for ozone generation has still not penetrated in some of the developing and underdeveloped countries owing to a lack of awareness amongst the consumers regarding the benefits of ozone generation technologies. Moreover, the lack of awareness among the masses regarding residential applications of ozone for sanitization and disinfection is a threat to the growth of the ozone generation market.

Covid-19 Impact

The pandemic is predicted to have a negative impact on the global ozone generation market. Ozone generators are used in food and beverage processing and chemical industries for purification purposes. As in chemical industry the ozone generators are used for dis infection and oxidation processes. The lockdown due the COVID-19 pandemic has forced businesses to shut down indefinitely. Once the unlock process starts, the market is expected to increase dramatically in terms of revenue.

The potable water treatment segment is expected to be the largest during the forecast period

The potable water treatment segment is expected to be the largest share due to the high demand for clean drinking water owing to the increase in population and urbanization over the years. Thus, potable water treatment is anticipated to show a high growth rate along with a significant return on investment for the stakeholders, owing to its notable revenue contribution.

Region with largest share:

North America is projected to hold the largest share in the market due to the escalating awareness associated with the benefits of ozone generation technologies and the rapid rise in the population. This market growth can be credited to the enforcement of regulations to support municipal wastewater treatment plants, along with the increasing air pollution. Nearly 68 million tons of pollutants were emitted into the atmosphere in the U.S., thereby amplifying demand for robust ozone generation systems in the region.

Region with highest CAGR:

The Asia Pacific is projected to have the highest CAGR due to the growing industrialization and increase in disposable income of the population in China and India. The region is attracting investors to set up production facilities because of the availability of raw materials and labor at lower prices. It has witnessed significant growth in manufacturing activities due to low manufacturing costs and the support of the local governments. Increasing investments in R&D activities related to wastewater treatment are driving the growth of the market in this region.

Key players in the market

Some of the key players profiled in the Ozone Generation Market include Corotec Corporation, Creative OZ-Air India Pvt. Ltd., Daikin Industries Ltd., Ebara Corporation, and Faraday Ozone, Industrie De Nora S.p.A., METAWATER Co., Ltd., Mitsubishi Electric Corporation, MKS Instruments, Inc, Ozone Tech Systems OTS AB, Spartan Environmental Technologies LLC, SUEZ, Teledyne API Inc. , Toshiba Corporation, and Xylem, Inc.

Key developments:

In August 2020: Faraday Ozone launched ozone-based food detoxifier. Ozodip is a compact electrical product that generates ozone from the oxygen in the atmosphere and uses it to detoxify the food.

In July 2020: Ozone Tech Systems OTS entered partnered with Lohja Municipality to introduce a pharmaceutical treatment. This will be Finland's first municipality to install advanced technology for eliminating water pollution by ozone generation technology.

In January 2018: MKS Instruments announced the launch of the MKS new lab program. The program, which is free to join, includes high-quality products and solutions across lasers, photonics, optics, opto-mechanics, and motion and vibration control.

Technologies Covered:
• Cold Plasma
• Corona Discharge
• Electrolysis
• Ultraviolet Radiation
• Radiochemical

Capacities Covered:
• ≥ 5 GM/HR
• 5 GM/HR - 100 GM/HR
• 100 GM/HR - 1 KG/HR
• 1 KG/HR - 5 KG/HR
• > 5 KG/HR

Applications Covered:
• Air and Gas Treatment
• Potable Water Treatment
• Medicine
• Waste Water

End Users Covered
• Commercial
• Industrial
• Municipal

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Ozone Generation Market, By Technology
5.1 Introduction
5.2 Cold Plasma
5.3 Corona Discharge
5.4 Electrolysis
5.5 Ultraviolet Radiation
5.6 Radiochemical
6 Global Ozone Generation Market, By Capacity
6.1 Introduction
6.2 ≥ 5 GM/HR
6.3 5 GM/HR - 100 GM/HR
6.4 100 GM/HR - 1 KG/HR
6.5 1 KG/HR - 5 KG/HR
6.6 > 5 KG/HR
7 Global Ozone Generation Market, By Application
7.1 Introduction
7.2 Air and Gas Treatment
7.3 Potable Water Treatment
7.4 Medicine
7.5 Waste Water
8 Global Ozone Generation Market, By End User
8.1 Introduction
8.2 Commercial
8.3 Industrial
8.4 Municipal
9 Global Ozone Generation Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Corotec Corporation
11.2 Creative OZ-Air India Pvt. Ltd.
11.3 Daikin Industries Ltd.
11.4 Ebara Corporation
11.5 Faraday Ozone
11.6 Industrie De Nora S.p.A.
11.7 METAWATER Co., Ltd.
11.8 Mitsubishi Electric Corporation
11.9 MKS Instruments, Inc
11.10 Ozone Tech Systems OTS AB
11.11 Spartan Environmental Technologies LLC
11.12 SUEZ
11.13 Teledyne API Inc.
11.14 Toshiba Corporation
11.15 Xylem, Inc.
List of Tables
Table 1 Global Ozone Generation Market Outlook, By Region (2020-2028) ($MN)
Table 2 Global Ozone Generation Market Outlook, By Technology (2020-2028) ($MN)
Table 3 Global Ozone Generation Market Outlook, By Cold Plasma (2020-2028) ($MN)
Table 4 Global Ozone Generation Market Outlook, By Corona Discharge (2020-2028) ($MN)
Table 5 Global Ozone Generation Market Outlook, By Electrolysis (2020-2028) ($MN)
Table 6 Global Ozone Generation Market Outlook, By Ultraviolet Radiation (2020-2028) ($MN)
Table 7 Global Ozone Generation Market Outlook, By Radiochemical (2020-2028) ($MN)
Table 8 Global Ozone Generation Market Outlook, By Capacity (2020-2028) ($MN)
Table 9 Global Ozone Generation Market Outlook, By ≥ 5 GM/HR (2020-2028) ($MN)
Table 10 Global Ozone Generation Market Outlook, By 5 GM/HR - 100 GM/HR (2020-2028) ($MN)
Table 11 Global Ozone Generation Market Outlook, By 100 GM/HR - 1 KG/HR (2020-2028) ($MN)
Table 12 Global Ozone Generation Market Outlook, By 1 KG/HR - 5 KG/HR (2020-2028) ($MN)
Table 13 Global Ozone Generation Market Outlook, By > 5 KG/HR (2020-2028) ($MN)
Table 14 Global Ozone Generation Market Outlook, By Application (2020-2028) ($MN)
Table 15 Global Ozone Generation Market Outlook, By Air and Gas Treatment (2020-2028) ($MN)
Table 16 Global Ozone Generation Market Outlook, By Potable Water Treatment (2020-2028) ($MN)
Table 17 Global Ozone Generation Market Outlook, By Medicine (2020-2028) ($MN)
Table 18 Global Ozone Generation Market Outlook, By Waste Water (2020-2028) ($MN)
Table 19 Global Ozone Generation Market Outlook, By End User (2020-2028) ($MN)
Table 20 Global Ozone Generation Market Outlook, By Commercial (2020-2028) ($MN)
Table 21 Global Ozone Generation Market Outlook, By Industrial (2020-2028) ($MN)
Table 22 Global Ozone Generation Market Outlook, By Municipal (2020-2028) ($MN)
Table 23 North America Ozone Generation Market Outlook, By Country (2020-2028) ($MN)
Table 24 North America Ozone Generation Market Outlook, By Technology (2020-2028) ($MN)
Table 25 North America Ozone Generation Market Outlook, By Cold Plasma (2020-2028) ($MN)
Table 26 North America Ozone Generation Market Outlook, By Corona Discharge (2020-2028) ($MN)
Table 27 North America Ozone Generation Market Outlook, By Electrolysis (2020-2028) ($MN)
Table 28 North America Ozone Generation Market Outlook, By Ultraviolet Radiation (2020-2028) ($MN)
Table 29 North America Ozone Generation Market Outlook, By Radiochemical (2020-2028) ($MN)
Table 30 North America Ozone Generation Market Outlook, By Capacity (2020-2028) ($MN)
Table 31 North America Ozone Generation Market Outlook, By ≥ 5 GM/HR (2020-2028) ($MN)
Table 32 North America Ozone Generation Market Outlook, By 5 GM/HR - 100 GM/HR (2020-2028) ($MN)
Table 33 North America Ozone Generation Market Outlook, By 100 GM/HR - 1 KG/HR (2020-2028) ($MN)
Table 34 North America Ozone Generation Market Outlook, By 1 KG/HR - 5 KG/HR (2020-2028) ($MN)
Table 35 North America Ozone Generation Market Outlook, By > 5 KG/HR (2020-2028) ($MN)
Table 36 North America Ozone Generation Market Outlook, By Application (2020-2028) ($MN)
Table 37 North America Ozone Generation Market Outlook, By Air and Gas Treatment (2020-2028) ($MN)
Table 38 North America Ozone Generation Market Outlook, By Potable Water Treatment (2020-2028) ($MN)
Table 39 North America Ozone Generation Market Outlook, By Medicine (2020-2028) ($MN)
Table 40 North America Ozone Generation Market Outlook, By Waste Water (2020-2028) ($MN)
Table 41 North America Ozone Generation Market Outlook, By End User (2020-2028) ($MN)
Table 42 North America Ozone Generation Market Outlook, By Commercial (2020-2028) ($MN)
Table 43 North America Ozone Generation Market Outlook, By Industrial (2020-2028) ($MN)
Table 44 North America Ozone Generation Market Outlook, By Municipal (2020-2028) ($MN)
Table 45 Europe Ozone Generation Market Outlook, By Country (2020-2028) ($MN)
Table 46 Europe Ozone Generation Market Outlook, By Technology (2020-2028) ($MN)
Table 47 Europe Ozone Generation Market Outlook, By Cold Plasma (2020-2028) ($MN)
Table 48 Europe Ozone Generation Market Outlook, By Corona Discharge (2020-2028) ($MN)
Table 49 Europe Ozone Generation Market Outlook, By Electrolysis (2020-2028) ($MN)
Table 50 Europe Ozone Generation Market Outlook, By Ultraviolet Radiation (2020-2028) ($MN)
Table 51 Europe Ozone Generation Market Outlook, By Radiochemical (2020-2028) ($MN)
Table 52 Europe Ozone Generation Market Outlook, By Capacity (2020-2028) ($MN)
Table 53 Europe Ozone Generation Market Outlook, By ≥ 5 GM/HR (2020-2028) ($MN)
Table 54 Europe Ozone Generation Market Outlook, By 5 GM/HR - 100 GM/HR (2020-2028) ($MN)
Table 55 Europe Ozone Generation Market Outlook, By 100 GM/HR - 1 KG/HR (2020-2028) ($MN)
Table 56 Europe Ozone Generation Market Outlook, By 1 KG/HR - 5 KG/HR (2020-2028) ($MN)
Table 57 Europe Ozone Generation Market Outlook, By > 5 KG/HR (2020-2028) ($MN)
Table 58 Europe Ozone Generation Market Outlook, By Application (2020-2028) ($MN)
Table 59 Europe Ozone Generation Market Outlook, By Air and Gas Treatment (2020-2028) ($MN)
Table 60 Europe Ozone Generation Market Outlook, By Potable Water Treatment (2020-2028) ($MN)
Table 61 Europe Ozone Generation Market Outlook, By Medicine (2020-2028) ($MN)
Table 62 Europe Ozone Generation Market Outlook, By Waste Water (2020-2028) ($MN)
Table 63 Europe Ozone Generation Market Outlook, By End User (2020-2028) ($MN)
Table 64 Europe Ozone Generation Market Outlook, By Commercial (2020-2028) ($MN)
Table 65 Europe Ozone Generation Market Outlook, By Industrial (2020-2028) ($MN)
Table 66 Europe Ozone Generation Market Outlook, By Municipal (2020-2028) ($MN)
Table 67 Asia Pacific Ozone Generation Market Outlook, By Country (2020-2028) ($MN)
Table 68 Asia Pacific Ozone Generation Market Outlook, By Technology (2020-2028) ($MN)
Table 69 Asia Pacific Ozone Generation Market Outlook, By Cold Plasma (2020-2028) ($MN)
Table 70 Asia Pacific Ozone Generation Market Outlook, By Corona Discharge (2020-2028) ($MN)
Table 71 Asia Pacific Ozone Generation Market Outlook, By Electrolysis (2020-2028) ($MN)
Table 72 Asia Pacific Ozone Generation Market Outlook, By Ultraviolet Radiation (2020-2028) ($MN)
Table 73 Asia Pacific Ozone Generation Market Outlook, By Radiochemical (2020-2028) ($MN)
Table 74 Asia Pacific Ozone Generation Market Outlook, By Capacity (2020-2028) ($MN)
Table 75 Asia Pacific Ozone Generation Market Outlook, By ≥ 5 GM/HR (2020-2028) ($MN)
Table 76 Asia Pacific Ozone Generation Market Outlook, By 5 GM/HR - 100 GM/HR (2020-2028) ($MN)
Table 77 Asia Pacific Ozone Generation Market Outlook, By 100 GM/HR - 1 KG/HR (2020-2028) ($MN)
Table 78 Asia Pacific Ozone Generation Market Outlook, By 1 KG/HR - 5 KG/HR (2020-2028) ($MN)
Table 79 Asia Pacific Ozone Generation Market Outlook, By > 5 KG/HR (2020-2028) ($MN)
Table 80 Asia Pacific Ozone Generation Market Outlook, By Application (2020-2028) ($MN)
Table 81 Asia Pacific Ozone Generation Market Outlook, By Air and Gas Treatment (2020-2028) ($MN)
Table 82 Asia Pacific Ozone Generation Market Outlook, By Potable Water Treatment (2020-2028) ($MN)
Table 83 Asia Pacific Ozone Generation Market Outlook, By Medicine (2020-2028) ($MN)
Table 84 Asia Pacific Ozone Generation Market Outlook, By Waste Water (2020-2028) ($MN)
Table 85 Asia Pacific Ozone Generation Market Outlook, By End User (2020-2028) ($MN)
Table 86 Asia Pacific Ozone Generation Market Outlook, By Commercial (2020-2028) ($MN)
Table 87 Asia Pacific Ozone Generation Market Outlook, By Industrial (2020-2028) ($MN)
Table 88 Asia Pacific Ozone Generation Market Outlook, By Municipal (2020-2028) ($MN)
Table 89 South America Ozone Generation Market Outlook, By Country (2020-2028) ($MN)
Table 90 South America Ozone Generation Market Outlook, By Technology (2020-2028) ($MN)
Table 91 South America Ozone Generation Market Outlook, By Cold Plasma (2020-2028) ($MN)
Table 92 South America Ozone Generation Market Outlook, By Corona Discharge (2020-2028) ($MN)
Table 93 South America Ozone Generation Market Outlook, By Electrolysis (2020-2028) ($MN)
Table 94 South America Ozone Generation Market Outlook, By Ultraviolet Radiation (2020-2028) ($MN)
Table 95 South America Ozone Generation Market Outlook, By Radiochemical (2020-2028) ($MN)
Table 96 South America Ozone Generation Market Outlook, By Capacity (2020-2028) ($MN)
Table 97 South America Ozone Generation Market Outlook, By ≥ 5 GM/HR (2020-2028) ($MN)
Table 98 South America Ozone Generation Market Outlook, By 5 GM/HR - 100 GM/HR (2020-2028) ($MN)
Table 99 South America Ozone Generation Market Outlook, By 100 GM/HR - 1 KG/HR (2020-2028) ($MN)
Table 100 South America Ozone Generation Market Outlook, By 1 KG/HR - 5 KG/HR (2020-2028) ($MN)
Table 101 South America Ozone Generation Market Outlook, By > 5 KG/HR (2020-2028) ($MN)
Table 102 South America Ozone Generation Market Outlook, By Application (2020-2028) ($MN)
Table 103 South America Ozone Generation Market Outlook, By Air and Gas Treatment (2020-2028) ($MN)
Table 104 South America Ozone Generation Market Outlook, By Potable Water Treatment (2020-2028) ($MN)
Table 105 South America Ozone Generation Market Outlook, By Medicine (2020-2028) ($MN)
Table 106 South America Ozone Generation Market Outlook, By Waste Water (2020-2028) ($MN)
Table 107 South America Ozone Generation Market Outlook, By End User (2020-2028) ($MN)
Table 108 South America Ozone Generation Market Outlook, By Commercial (2020-2028) ($MN)
Table 109 South America Ozone Generation Market Outlook, By Industrial (2020-2028) ($MN)
Table 110 South America Ozone Generation Market Outlook, By Municipal (2020-2028) ($MN)
Table 111 Middle East & Africa Ozone Generation Market Outlook, By Country (2020-2028) ($MN)
Table 112 Middle East & Africa Ozone Generation Market Outlook, By Technology (2020-2028) ($MN)
Table 113 Middle East & Africa Ozone Generation Market Outlook, By Cold Plasma (2020-2028) ($MN)
Table 114 Middle East & Africa Ozone Generation Market Outlook, By Corona Discharge (2020-2028) ($MN)
Table 115 Middle East & Africa Ozone Generation Market Outlook, By Electrolysis (2020-2028) ($MN)
Table 116 Middle East & Africa Ozone Generation Market Outlook, By Ultraviolet Radiation (2020-2028) ($MN)
Table 117 Middle East & Africa Ozone Generation Market Outlook, By Radiochemical (2020-2028) ($MN)
Table 118 Middle East & Africa Ozone Generation Market Outlook, By Capacity (2020-2028) ($MN)
Table 119 Middle East & Africa Ozone Generation Market Outlook, By ≥ 5 GM/HR (2020-2028) ($MN)
Table 120 Middle East & Africa Ozone Generation Market Outlook, By 5 GM/HR - 100 GM/HR (2020-2028) ($MN)
Table 121 Middle East & Africa Ozone Generation Market Outlook, By 100 GM/HR - 1 KG/HR (2020-2028) ($MN)
Table 122 Middle East & Africa Ozone Generation Market Outlook, By 1 KG/HR - 5 KG/HR (2020-2028) ($MN)
Table 123 Middle East & Africa Ozone Generation Market Outlook, By > 5 KG/HR (2020-2028) ($MN)
Table 124 Middle East & Africa Ozone Generation Market Outlook, By Application (2020-2028) ($MN)
Table 125 Middle East & Africa Ozone Generation Market Outlook, By Air and Gas Treatment (2020-2028) ($MN)
Table 126 Middle East & Africa Ozone Generation Market Outlook, By Potable Water Treatment (2020-2028) ($MN)
Table 127 Middle East & Africa Ozone Generation Market Outlook, By Medicine (2020-2028) ($MN)
Table 128 Middle East & Africa Ozone Generation Market Outlook, By Waste Water (2020-2028) ($MN)
Table 129 Middle East & Africa Ozone Generation Market Outlook, By End User (2020-2028) ($MN)
Table 130 Middle East & Africa Ozone Generation Market Outlook, By Commercial (2020-2028) ($MN)
Table 131 Middle East & Africa Ozone Generation Market Outlook, By Industrial (2020-2028) ($MN)
Table 132 Middle East & Africa Ozone Generation Market Outlook, By Municipal (2020-2028) ($MN)

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