Ozone Generation Market

Ozone Generation Market Segmentation by Technology (Ultraviolet Radiation, Electrolysis, Radiochemical, and Corona Discharge); by Application (Industrial, Potable Water Treatment, Municipal, Air Treatment, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Report ID: 3394 | Published On: Feb 08, 2023

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Despite Inflation & Recession News, Businesses Across the Globe Expected to Do Better in 2023

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


In The News

  • October 27, 2020- Xylem, Inc. developed an ozone solution that can disinfect wastewater from paper industry up to 99.9 percent. The plant is located in Pescia, Italy, where the wastewater is treated for color and disinfection using ozone.


Global Ozone Generation Market Highlights 2022 – 2030

The global ozone generation market is estimated to garner a sizeable revenue and grow at a CAGR of ~7% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the increasing need for clean drinking water, rapidly growing urbanization, and rise in the usage of ozone technologies. According to the Centers for Disease Control and Prevention, by 2030, an estimated 2.2 billion people need access to safely managed drinking water, including th2 884 million who don’t have any basic drinking water services. In addition to these, ozone disinfection for water treatment is a great alternative to chemical methods, such as chlorination as water borne pathogens cannot exist in ozone disinfected water. This is expected to be a crucial factor driving market growth in the upcoming years. Furthermore, increasing investments by developed countries in emerging nations to effectively treat industrial and municipal water is projected to provide ample growth opportunities to the market in the near future.  

Global Ozone Generation Market

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The market is segmented by technology into ultraviolet radiation, electrolysis, radiochemical, and corona discharge, out of which, the corona discharge segment is anticipated to hold the largest share in the global ozone generation market on account of the cost effectiveness and low maintenance of corona discharge technology compared to others, and its largescale use in commercial and industrial applications. Additionally, on the basis of application, the potable water treatment segment is predicted to grab the largest share during the forecast period owing to the wide range of applications of ozone generators for water purification, disinfection and de-colorization in wastewater treatment plants. Along with these, strict government regulations for water treatment are also evaluated to drive market growth by the end of 2030. 


Major Macro-Economic Indicators Impacting the Market Growth

Electricity Consumption Graph

In 2018, the world’s total energy supply was 14282 Mtoe, wherein the highest share in terms of source was captured by oil, accounting for 31.6%, followed by coal (26.9%), natural gas (22.8%), biofuels and waste (9.3%), nuclear (4.9%), hydro (2.5%), and other (2.0%). Where there was an increase in energy demand in 2018, the year 2019 witnessed slow growth as the energy efficiency improved owing to decline in the demand for cooling and heating. However, in 2020, the electricity demand decreased by 2.5% in the first quarter of 2020 due to the outbreak of Coronavirus resulting in government imposed shutdowns in order to limit the spread of the virus, which was further followed by shutdown of numerous business operations impacting their growth. This also resulted in decline of 5.8% in the worldwide CO2 emissions which was recorded to be five times larger than the one recorded during the global financial crisis in 2009. However, in 2021, the demand for oil, gas and coal is estimated to witness growth, which is further projected to create opportunities for market growth. Moreover, rising environment degradation and awareness related to climate change is motivating many key players to employ sustainable energy strategies and invest significantly in environment-friendly power generation technologies with an aim to promote sustainable development among various nations around the world. Such factors are anticipated to promote the growth of the market in upcoming years.


Global Ozone Generation Market Regional Synopsis

On the basis of geographical analysis, the global ozone generation market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. The market in the Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of the growing industrialization and increase in disposable income of the population in China and India. As per the World Bank, the adjusted national per capita income of China in the year 2019 was USD 8,394, whereas that of India was USD 1,822. Apart from these, rising water consumption is also assessed to drive market growth in the region in the upcoming years. Moreover, the market in North America is expected to gather the largest share during the forecast period owing to the escalating awareness associated with the benefits of ozone generation technologies and rapid rise in the population in the region.

The global ozone generation market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis


Global Ozone Generation Market
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Market Segmentation

Our in-depth analysis of the global ozone generation market includes the following segments:

By Technology

  • Ultraviolet Radiation
  • Electrolysis
  • Radiochemical
  • Corona Discharge

By Application

  • Industrial
  • Potable Water Treatment
  • Municipal
  • Air Treatment
  • Others

Growth Drivers

  • Increasing Need for Clean Drinking Water
  • Rapid Growth of Urbanization Around the World

Challenges

  • Lack of Awareness Regarding the Use of Ozone Generation Techniques


Electricity Consumption Graph
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Top Featured Companies Dominating the Market

    • Xylem, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Ebara Corporation
    • Industrie De Nora S.p.A.
    • METAWATER Co., Ltd.
    • Spartan Environmental Technologies
    • MKS Instruments
    • Mitsubishi Electric Corporation
    • Teledyne API
    • Creative Oz-Air (I) Pvt Ltd
    • Ozonetech Systems OTS AB

Key Questions Answered in the Report

1) What are the major factors driving the growth of the ozone generation market?

Ans: The major growth drivers for the market are increasing need for clean drinking water and rapid growth of urbanization around the world.

2) What would be the CAGR of ozone generation market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2022 – 2030.

3) What are the challenges affecting the ozone generation market growth?

Ans: Lack of awareness regarding the use of ozone generation techniques is estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of ozone generation market in future?

Ans: Asia Pacific will provide more business growth opportunities to the market owing to the growing industrialization and increase in disposable income of the population.

5) Who are the major players dominating the ozone generation market?

Ans: The major players in the market are Xylem, Inc., Ebara Corporation, Industrie De Nora S.p.A., METAWATER Co., Ltd., Spartan Environmental Technologies, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the ozone generation market?

Ans: The market is segmented by technology, application, and by region.

8) Which segment captures the largest market size in the technology segment in the ozone generation market?

Ans: The corona discharge segment is anticipated to hold largest market size and is estimated to grow at a notable CAGR over the forecast period and display significant growth opportunities.

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