According to the new market research report “Ozone Generator Market by Technology (Corona Discharge, Ultraviolet Radiation, Radiochemical, Electrolysis), Application (Water Purification, Air Purification, Food Processing, Organic Synthesis, Others), Region – Global Forecast to 2025″, size is projected to grow from USD 1.0 billion in 2020 to USD 1.4 billion by 2025, at a CAGR of 6.2% during the forecast period 2020 to 2025. The market growth is driven by the advantages of ozone over other alternatives for disinfection along with formulation of stringent laws & regulations for wastewater treatment and recovery & reuse of wastewater generated from industries and municipalities.
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By application, the water purification segment accounted for the largest market share in 2019. Ozone generators are widely used for water disinfection, purification, and de-colorization in water & wastewater treatment plants, swimming pools, cooling towers, and drinking water. Stringent laws & regulations implemented by the environmental bodies and governments for water & wastewater treatment are expected to propel the growth of the water purification segment. The water purification segment led the ozone generator market in 2019 and is projected to have a higher demand in the coming years.
By technology, the corona discharge segment accounted for the largest share of the ozone generator market in 2019. Corona discharge ozone generator is used for both industrial and commercial applications. The growth can be attributed to the advantages of corona discharge technology over other materials. This technology is cost-effective and has comparatively low maintenance.
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The global ozone generator market size is projected to grow from USD 1.0 billion in 2020 to USD 1.4 billion by 2025, at a CAGR of 6.2% during the forecast period 2020 to 2025. Use of ozone as an alternative to chlorine for disinfection is one of the major factor propelling the growth of the ozone generator market.
SUEZ Water Technologies & Solutions (France), Xylem (US), Mitsubishi Electric Corporation (Japan), Ebara Corporation (Japan), Toshiba Corporation (Japan), METAWATER Co., Ltd. (Japan), Industrie De Nora S.p.A. (Italy), Spartan Environmental Technologies (US), MKS Instruments (US), Teledyne API (US), Creative Oz-Air (I) Pvt Ltd (US), Corotec Corporation (US), Ozonetech Systems OTS AB (Sweden), and Absolute Systems Inc (China) are some of the leading players operating in the ozone generator market. These players have adopted the strategies of product launches, contracts, and partnerships to enhance their position in the market.
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Ozonetech Systems OTS AB, in July 2020 entered into a partnership with Lohja Municipality (Finland) to implement pharmaceutical treatment. The project is sponsored by the program for efficient water protection by the ELY Centre in South Savo (Centre for Economic Development, Transport, and the Environment) and the Ministry of Environment. Lohja will be the first municipality in Finland to install advanced treatment technology to eliminate micropollutant emissions into the environment.
Ozonetech Systems OTS AB, in June 2018 signed a contract to deliver highly advanced AOP-coupled ozone treatment for a landfill remediation project in Southeast Asia.
Corotec Corporation introduced a new line of modular ozone generators for use on extrusion coating and laminating lines to improve the adhesion of the laminate and allow increased production speeds. These generators apply ozone to the web at the laminating or coating nip, which can increase bond strengths drastically.
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