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Growing need to reduce air pollution and rising demand for wastewater treatment are projected to drive the ozone generator market during the forecast period.
VANCOUER, BC, CANADA, May 23, 2022 /EINPresswire.com/ -- The global ozone generator market was valued at USD 942.5 Million in 2019 and is projected to reach USD 1501.8 Million by 2027, proliferating at a CAGR of 5.9%. With the ongoing research in applied science, the market is expected to expand significantly. Ozone generators are also used in the residential sector to clean air and purify water. They are useful in decreasing the growth of bacteria and fungi inside homes. However, certain regulations limit the adoption of ozone generator products. The California Air Resources Board (CARB) has imposed strict regulations regarding air purifiers sold in the state to ensure that harmful ozone levels are not produced.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐ (๐๐ฉ๐๐๐ข๐๐ข๐ ๐ซ๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ ๐๐จ๐ซ ๐ฒ๐จ๐ฎ๐ซ ๐ข๐ฌ๐ฌ๐ฎ๐ ๐๐จ๐ฅ๐ฅ๐จ๐ฐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ข๐ฅ๐ ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐) @ https://www.emergenresearch.com/request-sample/443
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.
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 360ยฐ view of the Ozone Generator Market industry, which turns out to be beneficial for readers interested in this sector.
๐๐ก๐ ๐ฆ๐๐ข๐ง ๐ฉ๐๐ซ๐ญ๐ข๐๐ข๐ฉ๐๐ง๐ญ๐ฌ ๐๐ซ๐: 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
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.
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 โ particularly in developing countries like China, India, and Japan โ 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.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ @ https://www.emergenresearch.com/industry-report/ozone-generator-market
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.
Ozone Generator market Size and Share Analysis and Estimation for the Forecast Period 2020-2027 Extensive analysis of the key players in the market with SWOT analysis and Porter's Five Forces analysis to provide a clear understanding of the competitive landscape Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects and risks in the global Ozone Generator market Analysis of the growth prospects of stakeholders and investors through research on promising segments Strategic recommendations for existing players and new entrants to capitalize on emerging growth opportunities
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)
๐๐ฎ๐ฒ ๐๐จ๐ฐ @ https://www.emergenresearch.com/select-license/443
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