Ozone Generator Market Size Worth $1.0 Billion By 2027 | CAGR 6.9%

The global ozone generator market size is expected to reach USD 1.0 billion by 2027, according to a new report by Grand View Research, Inc., registering a CAGR of 6.9% over the forecast period. Rising investments in up-gradation and expansion of wastewater treatment facilities are expected to boost the product demand over the coming years.
Prolonged exposure of ozone can cause lung, throat, nose, and eye irritation; shortness of breath; can adversely affect indoor plants, can damage materials including fabrics, electrical wire coating, and rubber; and can exacerbate chronic respiratory diseases, such as asthma. All these factors are expected to restrict market growth over the coming years.
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The demand for ozone generators in the residential segment is anticipated to witness the highest growth. Ozone can reach every corner of the environment, unlike ultraviolet sterilization, which leaves some places unsterilized. It also leaves no poisonous residue and can be produced by simple equipment, which can be used for public transportation modes, such as high-speed railways, airplanes, ships and buses; single rooms; and large public places.
Ozone Generator Market Report Highlights
• Corona discharge segment is anticipated to be the largest one over the coming years as these generators produce pure ozone with no hint of chemicals and gases
• Cold plasma ozone generators are projected to register the fastest CAGR from 2020 to 2027 owing to the high ozone concentration along with low oxygen and energy consumption
• Demand for ozone disinfection in municipal wastewater treatment plants is expected to register a CAGR of 6.4% over the forecast period because of its high oxidizing power and oxygen as by-products
• China is expected to witness a significant growth in the APAC regional market owing to rising water shortages and water pollution due to rapid urbanization and industrialization
• Key players in the market are collaborating with other manufacturers to gain a competitive advantage to use advanced technologies in the field and develop a strong foothold in the industry
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Ozone Generator Market Segmentation
Grand View Research has segmented the global ozone generator market on the basis of technology, application, end use, and region:
Ozone Generator Technology Outlook (Revenue, USD Million, 2016 - 2027)
• Corona Discharge
• Cold Plasma
• Electrolysis
• Ultraviolet
Ozone Generator Application Outlook (Revenue, USD Million, 2016 - 2027)
• Wastewater Treatment
• Air Treatment
• Laboratory & Medical Equipment
• Others
Ozone Generator End-use Outlook (Revenue, USD Million, 2016 - 2027)
• Municipal
• Industrial
• Commercial
• Residential
Ozone Generator Regional Outlook (Revenue, USD Million, 2016 - 2027)
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o U.K.
o France
o Italy
• Asia Pacific
o China
o Japan
o India
o Australia
• Central & South America
o Brazil
o Argentina
• Middle East & Africa
o South Africa
o UAE
List of Key Players of Ozone Generator Market
• Mitsubishi Motors Corp.
• Toshiba Corp.
• Daikin Industries, Ltd.
• Suez
• Ozone Tech Systems
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunit ...

News Release: Ozone Generator Market Size Worth $1.0 Billion By 2027 | CAGR 6.9%
Submitted on: August 07, 2020 06:53:52 AM
Submitted by: sitakant
On behalf of: exactrelease.com