Global Ozone Generation Market Analysis By End User (Commercial, Industrial, Municipal)
2021 - 2028 Global Ozone Generation Market
The Global Ozone Generation Market is accounted for $0.68 billion in 2021 and is expected to reach $1.22 billion by 2028 growing at a CAGR of 8.6% during the forecast period. Ozone generator refers to a device used to convert oxygen from sources like ambient air, concentrated oxygen, or dry air into ozone. This system can produce ozone by adding energy to the oxygen molecules, which results in the separation of oxygen atoms and allows for temporary recombination with other oxygen molecules. Ozone solutions are used as an effective method to prevent biological coating and eliminate airborne viruses, spores, and bacteria. The potable water treatment segment is expected to be the largest share due to the high demand for clean drinking water owing to the increase in population and urbanization over the years. North America is projected to hold the largest share in the market due to the escalating awareness associated with the benefits of ozone generation technologies and the rapid rise in the population. The Asia Pacific is projected to have the highest CAGR due to the growing industrialization and increase in disposable income of the population in China and India.
Some of the key players profiled in the Ozone Generation Market include Corotec Corporation, Creative OZ-Air India Pvt. Ltd., Daikin Industries Ltd., Ebara Corporation, and Faraday Ozone, Industrie De Nora S.p.A., METAWATER Co., Ltd., Mitsubishi Electric Corporation, MKS Instruments, Inc, Ozone Tech Systems OTS AB, Spartan Environmental Technologies LLC, SUEZ, Teledyne API Inc. , Toshiba Corporation, and Xylem, Inc.
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