July 14,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Ozone Generator Market.
Ozone Generator Market is likely to witness a CAGR of 3.7% during the forecast period. Rapid urbanization across developing economies accompanied with rising demand for water purification and wastewater treatment systems are some of the major factors driving the market growth during the forecast period.
Ozone generator is a device which produces ozone for the purification, treatment, and disinfection of air water. The device operates on the principal of oxidation.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the technology type, the market is segmented as ultraviolet, cold plasma, corona discharge, and electrolytic. The ultraviolet ozone generator market is projected to witness strong growth rate owing to ease of installation and low cost. In addition, the ability of ultraviolet ozone generators to function using ambient air is likely to fuel the product demand during the forecast period.
Based on the application type, the market is segmented as water treatment, laboratory medical equipment, air treatment, and others. Water treatment is anticipated to be the leading segment of the market owing to rapid urbanization and commercialization across the emerging regions. Ozone generators are employed in various water treatment applications, such as removal of taste, odor and color from the untreated water. Furthermore, their ability to avert the formation of chlorinated disinfection byproducts will sponsor their installation for similar applications, ultimately fueling the segment growth over the forecast period.
Based on the end-use type, the market is segmented as commercial, municipal, and industrial. The industrial ozone generator market is expected to steer the market during the forecast period owing to stringent enforcement of legal instruments governing industrial wastewater discharge mixed with strict regulatory regime. In addition, color elimination from textile plants, decrease in sludge production and phenol, BOD COD reduction from industrial wastewater will further boost the product demand during the forecast period.
Based on the capacitor type, the market is segmented as ≥ 5 gm/hr, 5 gm/hr - 100 gm/hr, 100 gm/hr - 1 kg/hr, 1 kg/hr - 5 kg/hr, and 5 kg/hr.
≤ 5 gm/hr ozone generator is expected to be the leading type during the forecast period owing to the growing awareness toward refining indoor air quality index. Furthermore, rising population and urbanization across developing economies will enhance the demand for air purifiers, thereby driving the market growth.
In terms of regions, Asia-Pacific is estimated to be the leading region in the market on account of increasing urban population and consequent demand for water and air treatment equipment. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
- Daikin Industries, Ltd.
- DEL Ozone, Inc.
- EBARA Technologies, Inc.
- METAWATER Co., Ltd.
- Mitsubishi Electric
- Ozone Tech Systems
- Toshiba Corporation.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Ozone Generator Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors