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According to a recent study by Emergen Research, the worldwide ozone generator market is anticipated to reach a value of USD 1,501.8 Million by 2027. Ozone generators provide a secure and efficient method for treating air pollutants. They are advertised as deodorizers. These devices assist in the treatment of liquid wastes like cyanides and phenols. They also purify and deodorise sewage gas emissions.
Strict environmental laws put in place by local and national governments, as well as an increase in demand from a variety of end-use industries, are major market drivers for ozone producers. However, the market is anticipated to face challenges during the forecast period due to high installation and operating costs of ozone generators and a lack of consumer awareness of the product.
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The air has become significantly more filthy due to human growth. The ozone layer is being destroyed by a high concentration of greenhouse gas emissions (GHG) and other ozone-depleting compounds. Air pollution-related health problems are on the rise, which is driving up demand for ozone producers. The entry of new competitors into the market for ozone generators is being hampered by the large investments made in research and development due to the ongoing changes in consumer demands.
A new compact portable ozone generator for small spaces was introduced by Airthereal in July 2020 to assist businesses and homeowners in cleaning and sanitising indoor air. The battery-powered cordless portable ozone generator PA50-GO is best for cars and mobility during a pandemic. After COVID-19, there is an increase in demand for cleansed air when driving or using public transportation.
In 2019, the corona discharge market sector had the biggest market share. The cost of this technology is affordable. Medical-grade ozone is produced by corona discharge ozone generators, which powers the segment.
Ozone generators are used in lab and medical equipment to treat illnesses and sterilise medical equipment. They may also aid in wound prevention. Ozone therapy also helps those who have breathing problems since it increases blood oxygen levels, which relieves pressure on the lungs and helps people with breathing problems.
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Emergen Research has segmented the global ozone generator market based on technology, application, end-use industry, and region:
Technology Outlook (Revenue, USD Million; 2017–2027)
Application Outlook (Revenue, USD Million; 2017–2027)
End-use Industry Outlook (Revenue, USD Million; 2017–2027)
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The report also offers regional level analysis and market estimation for the regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Regional Outlook of Ozone Generator Market:
Key Questions Answered in the Report:
What will be the estimated growth rate of the Ozone Generator market by 2027?
Who are the prominent distributors, vendors, and manufacturers of the market?
What are the driving and restraining factors of the growth of the Ozone Generator market throughout the forecast period?
What are the current and future market trends of the Ozone Generator market?
What are the sales and price analysis of the product by types, applications, and regions?
What are the expected opportunities for the companies and new entrants in the coming years?
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The post Ozone Generator Market Trends, Regulations and Competitive Landscape Outlook to 2027 appeared first on Market O Graphics.
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