Global Ozone Generator Market (2021 to 2026) - Technological Advancements in Wastewater Treatment Systems Presents Opportunities - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Global Ozone Generator Market" report has been added to ResearchAndMarkets.com's offering.
The global ozone generator market size is projected to grow from USD 1.1 billion in 2021 to USD 1.5 billion by 2026, at a CAGR of 6.2% during the forecast period 2020 to 2026.
Increased non conventional applications of ozone such as extrusion coatings and increasing demand for ozone generators from end use industries such as food & beverages, chemical, pulp & paper, pharmaceutical, among others is expected to accelerate the growth of the ozone generator market.
The pulp bleaching application segment is projected to grow at the highest CAGR during the forecast period.
Based on application, the pulp bleaching segment is projected to grow at the highest CARG during the forecast period. Ozone bleaching is one of the key technologies considered for total chlorine-free (TCF) or elemental chlorine-free (ECF) pulp production. Ozone bleaching is usually conducted in medium consistency pulp and relatively low pH.
Advantages of ozone over chlorine for pulp bleaching is expected to drive the growth of ozone generator market in the pulp bleaching segment.
The corona discharge technology segment is projected to grow at the highest CAGR during the forecast period.
Based on the technology, the corona discharge segment is projected to grow at the highest CAGR during the forecast period. 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.
Asia Pacific is projected to grow the highest CAGR in the ozone generator market during the forecast period.
Asia Pacific is projected to grow at the highest CAGR in the ozone generator market from 2021 to 2026. China, India, and Japan are witnessing rapid industrial, manufacturing, and infrastructural growth. Some of the economies in Asia Pacific have tremendous market potential in terms of rising population, favorable government policies, and industrial growth. 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 support of the local governments. Increasing investments in R&D activities related to wastewater treatment are driving the growth of the ozone generator market in the Asia Pacific region. According to the International Monetary Fund (IMF), China and India are the two fastest-growing economies in the world.
This economic growth is expected to increase industrial activities in these countries, leading to increased demand for treated water. This, in turn, is expected to fuel the ozone generator market in the region. Factors expected to fuel the growth of the Asia Pacific ozone generator market include increasing population, rapid urbanization, increasing focus on maintaining high-quality municipal water supplies, industrialization, and stringent regulations related to the wastewater treatment.
- Water Scarcity and Stringent Laws & Regulations
- Growing Demand for Ozone Generators from Municipal Water Treatment Plants
- Increased Non-Conventional Applications of Ozone Generators
- An Alternative to Chlorine for Water Disinfection
- High Installation and Maintenance Costs
- Adverse Health Effects Associated with Ozone
- Technological Advancements in Wastewater Treatment Systems
- Investments by Developed Countries in Emerging Economies
- Lack of Awareness
- Absolute Systems Inc.
- Biotek Environmental Science Ltd.
- Biozone Corporation
- Chemtronics Technologies (India) Pvt. Ltd.
- Corotec Corporation
- Creative Oz-Air (I) Pvt. Ltd.
- Dongguan Beelee Electronics Co. Ltd.
- Ebara Corporation
- Ecozone Technologies Ltd.
- Eltech Ozone
- Enaly Ozone Generator
- Esco International Ltd.
- Faraday Ozone
- Fujian Newland Entech Co. Ltd.
- Industrie De Nora S.P.A
- International Ozone
- Jinan Sankang Envi-Tech Co. Ltd.
- Medozons Ltd.
- Metawater Co. Ltd.
- Mitsubishi Electric Corporation
- MKS Instruments
- Ozonefac Limited
- Ozonetech Systems Ots Ab
- Ozonetek Limited
- Pinnacle Ozone Solutions, LLC
- Shandong Nippon Photoelectricity Equipment Co. Ltd.
- Spartan Environmental Technologies
- Taoture International Enterprises Inc.
- Teledyne Technologies Inc.
- Toshiba Corporation
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