February 09, 2022 09:13 ET | Source: Research and Markets Research and Markets
Dublin, Feb. 09, 2022 (GLOBE NEWSWIRE) -- The "Ozone Generator Market" report has been added to ResearchAndMarkets.com's offering. The global ozone generator market size is projected to grow from USD 1.1 billion in 2021 to USD 1.5 billion by 2026, at a CAGR of 6.2% during the forecast period 2020 to 2026.
Increased non conventional applications of ozone such as extrusion coatings and increasing demand for ozone generators from end use industries such as food & beverages, chemical, pulp & paper, pharmaceutical, among others is expected to accelerate the growth of the ozone generator market. The pulp bleaching application segment is projected to grow at the highest CAGR during the forecast period. Based on application, the pulp bleaching segment is projected to grow at the highest CARG during the forecast period. Ozone bleaching is one of the key technologies considered for total chlorine-free (TCF) or elemental chlorine-free (ECF) pulp production. Ozone bleaching is usually conducted in medium consistency pulp and relatively low pH.
Advantages of ozone over chlorine for pulp bleaching is expected to drive the growth of ozone generator market in the pulp bleaching segment. The corona discharge technology segment is projected to grow at the highest CAGR during the forecast period. Based on the technology, the corona discharge segment is projected to grow at the highest CAGR during the forecast period. Corona discharge ozone generator is used for both industrial and commercial applications. The growth can be attributed to the advantages of corona discharge technology over other materials.
Asia Pacific is projected to grow the highest CAGR in the ozone generator market during the forecast period. Asia Pacific is projected to grow at the highest CAGR in the ozone generator market from 2021 to 2026. China, India, and Japan are witnessing rapid industrial, manufacturing, and infrastructural growth. Some of the economies in Asia Pacific have tremendous market potential in terms of rising population, favorable government policies, and industrial growth. The region is attracting investors to set up production facilities because of the availability of raw materials and labor at lower prices. It has witnessed significant growth in manufacturing activities due to low manufacturing costs and support of the local governments. Increasing investments in R&D activities related to wastewater treatment are driving the growth of the ozone generator market in the Asia Pacific region. According to the International Monetary Fund (IMF), China and India are the two fastest-growing economies in the world.
This economic growth is expected to increase industrial activities in these countries, leading to increased demand for treated water. This, in turn, is expected to fuel the ozone generator market in the region. Factors expected to fuel the growth of the Asia Pacific ozone generator market include increasing population, rapid urbanization, increasing focus on maintaining high-quality municipal water supplies, industrialization, and stringent regulations related to the wastewater treatment. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 4.1 Attractive Opportunities in Ozone Generator Market 4.2 Ozone Generator Market, by Region 4.3 North America Ozone Generator Market, by Application & Country 4.4 Ozone Generator Market, by Major Countries
5 Market Overview 5.1 Market Dynamics 5.1.1 Drivers 5.1.1.1 Water Scarcity and Stringent Laws & Regulations 5.1.1.2 Growing Demand for Ozone Generators from Municipal Water Treatment Plants 5.1.1.3 Increased Non-Conventional Applications of Ozone Generators 5.1.1.4 An Alternative to Chlorine for Water Disinfection 5.1.2 Restraints 5.1.2.1 High Installation and Maintenance Costs 5.1.2.2 Adverse Health Effects Associated with Ozone 5.1.3 Opportunities 5.1.3.1 Technological Advancements in Wastewater Treatment Systems 5.1.3.2 Investments by Developed Countries in Emerging Economies 5.1.4 Challenges 5.1.4.1 Lack of Awareness 5.2 Porter's Five Forces Analysis 5.2.1 Bargaining Power of Suppliers 5.2.2 Threat of New Entrants 5.2.3 Threat of Substitutes 5.2.4 Bargaining Power of Buyers 5.2.5 Intensity of Rivalry
6 Industry Trends 6.1 Supply Chain Analysis 6.2 Customer Analysis & Sales Channels 6.2.1 Business-To-Business (B2B) 6.2.2 Business-To-Consumer (B2C) 6.3 Average Selling Price Trend Analysis 6.4 COVID-19 Impact Analysis 6.4.1 COVID-19 Health Assessment 6.4.2 COVID-19 Impact on Ozone Generator Market 6.4.2.1 Potential New Application Due to COVID-19 6.4.2.2 Post COVID-19 Scenario 6.5 Macroeconomic Overview and Trends 6.5.1 Introduction 6.5.2 Trends and Forecast of GDP 6.5.3 Global Electronics Industry 6.5.4 Manufacturing Industry 6.5.5 Oil & Gas Industry
7 Ozone Generator Market, by Process 7.1 Introduction 7.2 Odor Control 7.3 Groundwater Remediation 7.3.1 Key Features of Ozone for Soil Remediation: 7.3.2 Contaminants Destroyed by Ozone: 7.4 Disinfection 7.4.1 Advantages: 7.4.2 Disadvantages:
8 Ozone Generator Market, by Technology 8.1 Introduction 8.2 Corona Discharge 8.2.1 Increasing Industrialization to Boost Demand for Ozone Generators 8.3 Ultraviolet Radiation 8.3.1 Ultraviolet (Uv) Radiation Technology Used Where Small Concentration of Ozone is Required 8.4 Electrolysis 8.4.1 North America is Largest Market for Ozone Generators in Electrolysis Segment 8.5 Radiochemical 8.5.1 Asia-Pacific is Fastest-Growing Market in Radiochemical Segment
9 Ozone Generator Market, by Application 9.1 Introduction 9.2 Water Purification 9.2.1 Increasing for Demand for Pure Water Contributing to Market Growth 9.3 Air Purification 9.3.1 Increased Demand for Clean Air in Industrial and Residential Sectors 9.4 Pulp Bleaching 9.4.1 Demand for Ozone Generator to Rise for Pulp Bleaching 9.5 Organic Synthesis 9.5.1 Rising Pharmaceuticals Sector to Drive the Ozone Generator Market 9.6 Aquaculture 9.6.1 Rise in Use of Ozonated Water in Aquaculture Sector 9.7 Food Processing 9.7.1 Increase in Demand for Ozone Generators for Food Processing 9.8 Surface Treatment 9.8.1 Rise in Use of Surface Treatment Application in Semiconductors Industry 9.9 Medicine & Aesthetics 9.9.1 Need for Clean Air, Water, and Medical Equipment Contributing to Growth of Market 9.10 Others
10 Ozone Generator Market, by End-Use Industry 10.1 Introduction 10.2 Municipal & Industrial Water Treatment 10.2.1 Rising Demand for Water Contributing to Market Growth 10.3 Residential & Industrial Air Treatment 10.3.1 Demand for Clean Air in Residential and Industrial Sectors 10.4 Food & Beverages 10.4.1 North America is Fastest-Growing Market for Ozone Generators in Food & Beverages Sector 10.5 Pharmaceutical 10.5.1 Asia-Pacific is Fastest-Growing Market for Ozone Generators in Pharmaceutical Industry 10.6 Paper & Pulp 10.6.1 Ozone Mainly Used for Decolorization and Decontamination of Pulp 10.7 Semiconductors 10.7.1 Rising Demand for Electronics Will Boost Market Growth 10.8 Automotive 10.8.1 COVID-19 Pandemic Contributing to Increased Need for Automotive Sanitization 10.9 Others
11 Ozone Generator Market, by Region
12 Competitive Landscape 12.1 Introduction 12.2 Competitive Landscape Mapping 12.2.1 Star 12.2.2 Emerging Leaders 12.2.3 Pervasive 12.2.4 Participants 12.3 Competitive Benchmarking 12.3.1 Strength of Product Portfolio 12.3.2 Business Strategy Excellence 12.4 Overview 12.5 Competitive Situation & Trends 12.5.1 Partnerships 12.5.2 New Product Launches 12.5.3 Contracts 12.6 Market Share Analysis
13 Company Profiles 13.1 Major Player 13.1.1 Mitsubishi Electric Corporation 13.1.2 Xylem 13.1.3 Suez 13.1.4 Ebara Corporation 13.1.5 Toshiba Corporation 13.1.6 Mks Instruments 13.1.7 Metawater Co. Ltd. 13.1.8 Teledyne Technologies Inc. 13.1.9 Tmeic 13.1.10 Corotec Corporation 13.1.11 Ozonetek Limited 13.1.12 Lenntech 13.1.13 Biotek Environmental Science Ltd. 13.1.14 Biozone Corporation 13.1.15 Ozonetech Systems Ots Ab 13.1.16 Esco International Ltd. 13.1.17 Chemtronics Technologies (India) Pvt. Ltd. 13.1.18 Faraday Ozone 13.1.19 Pinnacle Ozone Solutions, LLC 13.1.20 Ecozone Technologies Ltd. 13.1.21 Enaly Ozone Generator 13.1.22 Absolute Systems Inc. 13.1.23 International Ozone 13.1.24 Industrie De Nora S.P.A 13.1.25 Spartan Environmental Technologies 13.1.26 Fujian Newland Entech Co. Ltd. 13.1.27 Shandong Nippon Photoelectricity Equipment Co. Ltd. 13.1.28 Jinan Sankang Envi-Tech Co. Ltd. 13.1.29 Taoture International Enterprises Inc. 13.1.30 Creative Oz-Air (I) Pvt. Ltd. 13.1.31 Eltech Ozone 13.1.32 Dongguan Beelee Electronics Co. Ltd. 13.1.33 Ozonefac Limited 13.1.34 Medozons Ltd.
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