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According to Emergen Research, the global ozone generator market size was USD 998.10 million in 2020 and is expected to reach USD 1,590.40 million in 2028 and register a revenue CAGR of 5.9% during the forecast period, 2021-2028.
Ozone generators are also used in the residential sector to clean air and purify water. These products are useful for decreasing growth of bacteria and fungi inside homes. However, certain regulations have been limiting adoption of ozone generator products in some countries. The California Air Resources Board (CARB) has imposed stringent regulations regarding air purifiers sold in the state, to ensure that no harmful ozone levels are produced.
Ozone generators are employed in various end-use industries for air treatment applications. They can efficiently remove odor, contaminants, and other bacteria from the air. They work by producing ozone that cancels out chemicals present in the air. They are used in bars and restoration jobs to remove odor.
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Major drivers of the ozone generator market include stringent environmental regulations implemented by national and local governments and surge in the demand for ozone generators from various end-use industries. However, high installation and operational costs of ozone generators and lack of awareness about the product are likely to hinder the market during the forecast period.
Ozone generators are used in laboratories and medical equipment to disinfect medical equipment and treat health conditions. They can also help prevent wounds. Additionally, people with breathing problems may benefit from ozone therapy because it reduces stress on the lungs by increasing the level of oxygen in the blood.
Scope of the Global Ozone Generator Market Report :
The report performs an accurate estimation of the growth prospects of the different market segments by studying the current market scenario, past performance, demand and supply ratio, production, consumption, sales, and revenue generation of the key players in the upcoming years. The market segmentation provides a 360° view of the Ozone Generator Market industry, which turns out to be beneficial for readers interested in this sector.
The main participants are: Toshiba, Suez, Mitsubishi, Ozone Tech Systems, Daikin, Lenntech, Primozone, Faraday Ozone, Ozone Solutions and DEL Ozone
The report also talks about changes in demand and emerging trends that are expected to drive the growth of the market. Rising demand for ozone generator market products is expected to drive demand for ozone generator market, boosting the growth of the industry. The report also studies the impact of the COVID-19 pandemic on the market.
Corona Discharge Technology Segment Accounted for Largest Revenue Share in 2020:
Based on technology, the global ozone generator market is segmented into corona discharge, cold plasma, ultraviolet, and electrolysis. The corona discharge segment accounted for the largest revenue share in the global market in 2020 due to favorable factors. Growth of this segment is majorly attributed to increasing availability of corona discharge ozone generators at reasonable/affordable prices and rising demand for these devices in various industries as they produce medical-grade ozone.
Asia Pacific Accounted for Largest Revenue Share in 2020:
Among regional markets, the Asia Pacific ozone generator market accounted for the largest revenue share in the global market share in 2020. Factors such as rapid industrialization and urbanization – particularly in developing countries like China, India, and Japan – rapidly rising levels of environmental pollution, increasing adoption of air and water treatment technologies such as ozone disinfection, and presence of leading industry players in the region, including Toshiba Corporation, Mitsubishi, and Daikin Industries Ltd., are key drivers for the Asia Pacific market growth.
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The report also provides two distinct market forecasts. One is from the producer’s point of view and the other is from the consumer’s point of view. . It also provides valuable recommendations to new and existing players of the global Ozone Generator market. It also provides valuable insights for both new and existing players in the global Ozone Generator market.
The main objectives of the report are:
Emergen Research has segmented the global ozone generator market as follows:
Segment the global ozone generator market on the basis of program, end-use industry, and region.
Applications (Revenue, USD Million; 2017-2027)
End-Use Industry Outlook (Revenue, USD Million; 2017-2027)
Regional Quarters of Ozone Generator Market Include:
Europe (UK, Italy, Germany, France, other EU countries)
Asia Pacific (India, Japan, China, Korea, Australia, other APAC countries)
Latin America (Chile, Brazil, Argentina, and other countries in Latin America)
Central East and Africa (Saudi Arabia, UAE, South Africa and other MEA regions)
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The post The Worldwide Ozone Generator Market is estimated to reach value of USD 1,501.8 Million by 2027 | Emergen Research appeared first on Market O Graphics.
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