Ozone Generator Market Size To Reach $1.98 Billion By 2030

Ozone Generator Market Growth & Trends

The global ozone generator market size is expected to reach USD 1.98 billion by 2030, expanding at a CAGR of 6.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. 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.

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.

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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 2023 to 2030 owing to the high ozone concentration along with low oxygen and energy consumption

• The demand for ozone generators in the industrial sectors, such as pharmaceutical, chemical, and food processing industries, has seen significant growth in recent years

• 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
  

Ozone Generator Market Segmentation

Grand View Research has segmented the global ozone generator market based on technology, application, end use, and region:

Ozone Generator Technology Outlook (Revenue in USD Million, 2018 - 2030)

• Corona Discharge

• Cold Plasma

• Electrolysis

• Ultraviolet

Ozone Generator Application Outlook (Revenue in USD Million, 2018 - 2030)

• Wastewater Treatment

• Air Treatment

• Laboratory & Medical Equipment

• Others

Ozone Generator End-use Outlook (Revenue in USD Million, 2018 - 2030)

• Municipal

• Industrial

• Commercial

• Residential

Ozone Generator Regional Outlook (Revenue in USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • U.K.

  • France

  • Italy

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • South Africa

  • UAE

List of Key Players of Ozone Generator Market

• MITSUBISHI MOTORS CORPORATION.

• TOSHIBA CORPORATION.

• DAIKIN INDUSTRIES, Ltd.

• Suez

• OTSIL