Global Ozone Generator Market Size To Worth USD 2.38 Billion By 2033: Market Statistics Report

Global Ozone Generator Market Size To Worth USD 2.38 Billion By 2033

According to a research report published by Spherical Insights & Consulting, the Global Ozone Generator Market Size is Expected to Grow from USD 1.28 Billion in 2023 to USD 2.38 Billion by 2033, at a CAGR of 6.40% during the forecast period 2023-2033.

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Ozone Generator Market Size, Share, and COVID-19 Impact Analysis, By Technology (Cold Plasma and Corona Discharge), By Application (Wastewater Treatment and Air Treatment), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

Ozone generators are used for many applications, including purification of air and water, removal of odors, industrial waste treatment, and disinfection. They work by applying a high voltage to oxygen molecules to split them and recombine to form ozone. The ozone produced is a powerful oxidizing agent capable of neutralizing harmful substances, making it effective in eliminating bacteria, viruses, and contaminants in water and air. Furthermore, the increasing awareness of water and air pollution has prompted the demand for advanced technologies in water and air purification. Further, the demand for such technologies is also increasing as a result of growing industrial activity, primarily in wastewater treatment, food processing, and healthcare segments. On the other hand, with the increasing need for the purification of indoor air in highly polluted areas, the demand for ozone generators in indoor air purification systems has also increased. However, the market experiences some challenges, such as relatively high operational costs of ozone generation, energy consumption, and potential health risks from its misapplication. Moreover, alternative technologies for purification may somewhat curb the use of ozone generators, thus restricting the growth of the market.

The corona discharge segment is predicted to hold the greatest market share through the forecast period.

Based on the technology, the ozone generator market is classified into cold plasma and corona discharge. Among these, the corona discharge segment is predicted to hold the greatest market share through the forecast period. This is attributed to the corona discharge ozone generators are popularly used for their efficiency and cost-effectiveness in producing high concentrations of ozone. The technology of corona discharge ozone generators includes applying a high-voltage electrical field to air or oxygen, leading to ionization and ozone production. It has various applications such as air and water purification, industrial wastewater treatment, and odor control.

The wastewater treatment segment is anticipated to hold the greatest market share during the projected timeframe.    

Based on the application, the ozone generator market is divided into wastewater treatment and air treatment. Among these, the wastewater treatment segment is anticipated to hold the greatest market share during the projected timeframe. This can be attributed to the increasing demand for wastewater treatment solutions across different industries, including municipal, industrial, and commercial sectors, to meet stricter environmental regulations and sustainability goals. Ozone generators are highly effective in removing contaminants, odors, and pathogens from wastewater, making them a popular choice for water purification systems.

Asia-Pacific is estimated to hold the largest share of the ozone generator market over the forecast period.

Asia-Pacific is estimated to hold the largest share of the ozone generator market over the forecast period. This can be attributed to several key factors, countries like China, India, and Japan have witnessed significant industrial growth, which increases the demand for wastewater and air treatment solutions. Ozone generators are widely used for industrial wastewater treatment and air purification in these countries.

Latin America is predicted to have the fastest CAGR growth in the ozone generator market over the forecast period. The region is witnessing tremendous growth in industrial and infrastructure development, hence a growing demand for superior water and air treatment systems. Some of the reasons contributing to this growth are that countries such as Brazil, Mexico, and Argentina are witnessing more industrial activities, which further increases the demand for more efficient wastewater treatment and air purification systems, especially ozone generators.

Company Profiling

Major key players in the ozone generator market are MITSUBISHI MOTORS CORPORATION., TOSHIBA CORPORATION., DAIKIN INDUSTRIES, Ltd., Suez, and OTSIL.  

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In May 2023, Xylem, a U.S.-based water solutions company, acquired Evoqua Water Technologies LLC, a leader in mission-critical water treatment products and services, through an all-stock transaction valued at nearly USD 7.5 billion. This acquisition has led to the availability of the most advanced platform of capabilities worldwide that is poised to address the pressing water needs of Xylem's consumers and communities.

Market Segment

This study forecasts global, regional, and country revenue from 2023 to 2033. Spherical Insights has segmented the ozone generator market based on the below-mentioned segments:

Global Ozone Generator Market, By Technology

• Cold Plasma
• Corona Discharge

Global Ozone Generator Market, By Application

• Wastewater Treatment
• Air Treatment

Global Ozone Generator Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa