Ozone Generator Market worth $1.4bn by 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.

The water purification segment accounted for the largest share of the ozone generator market in 2019.
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.

The corona discharge segment accounted for the largest share of the ozone generator market in 2019.
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.

North America accounted for the largest share in the global ozone generator market in 2019
North America accounted for the largest share of the ozone generator market in 2019. This large share can be attributed to the rising population, increasing awareness among people about the advantages and applications of ozone generators, and stringent implementation of various government regulations regarding water & wastewater treatment in the region. North America has strong growth potential for the ozone generator market, due to its vast and varied industrial base. The major end-use industries of ozone generator in North America are packaged water, chemicals, food processing, and pulp & paper.

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Source: ASDReports - Market Research
Date: Oct 7, 2020