Ozone Generation Technology Market is estimated to reach a CAGR of 6.8% during the forecast period from 2021 to 2028
Emergen Research Logo
Market Size – USD 1,055.3 Million in 2020, Market Growth – at a CAGR of 6.8%, Market Trends – Emergence of ozone-based advanced oxidation processes
VANCOUVER, BC, CANADA, May 16, 2022 /EINPresswire.com/ -- The global ozone generation technology market size is expected to reach USD 1,772.8 Million in 2028 and register a CAGR of 6.8% over the forecast period, according to latest analysis by Emergen Research. Market revenue growth is primarily driven by increasing industrial activities in developing countries and rising scarcity of fresh drinking water globally.
Increasing industrial activities in developing countries and rising scarcity of drinking water are key factors driving global ozone generation technology market growth
Rising need for more effective treatment of water and wastewater is boosting demand for ozone generation technology. Each year, industries generate approximately 300–400 million tons of waste, which includes solvents, micropollutants, heavy metals, toxic sludge, and recalcitrant organics, all of which pose a significant threat to human health. Ozone is one of the most powerful natural germicidal and purifying substances with antibacterial properties, which is boosting its application for the treatment of water and wastewater. Ozone offers a cost-effective and sustainable alternative to chlorine, which is resulting in increasing popularity of ozone generation technology.
Emergence of ozone-based advanced oxidation processes is expected to boost market growth during the forecast period. Ozone-based advanced oxidation processes have higher treatment efficiency and help render other previously non-degradable water pollutants harmless. Benefits offered by ozone-based advanced oxidation processes are fueling the use of ozone in applications beyond water and wastewater treatment.
Click Here To Get Full PDF Sample Copy of Report @https://www.emergenresearch.com/request-sample/797
Some Key Highlights from the Report
In January 2018, METAWATER Co., Ltd. announced that the company is going to supply ozone generating systems for Xicheng Water Treatment Plant in Wuxi City, Jiangsu Province, China. The company entered the large-scale ozone water treatment market in China on a full-scale basis in 2008 and already delivered at the Xuelang Water Treatment Plant and Zhongqiao Water Treatment Plant in Wuxi City. Xicheng Water Treatment Plant is the 10th water treatment plant that has adopted the ozone generation systems of the company in China.
3g/h-9g/h segment accounted for largest revenue share in 2020. Ability to utilize 3g/h-9 g/h unit for various applications, ranging from household to light industrial and commercial applications, is boosting revenue growth of the segment. Products with 3g/h-9g/h ozone output are versatile, efficient, reliable, and heavy duty.
Industrial water segment revenue is expected to expand at a rapid CAGR during the forecast period. Increasing industrial activities in developing countries is resulting in increasing applications of ozone generation technology for treatment of industrial waste water.
North America accounted for largest revenue share contribution to the global ozone generation technology market in 2020. Presence of stringent government regulations regarding the disposal of industrial waste water into water bodies without proper treatment is expected to boost market growth in the region during the forecast period.
Some major companies included in the company profile section of the global market report are SUEZ, Ebara Corporation, Fuji Electric Co., Ltd., Mitsubishi Electric Corporation, Toshiba Corporation, Primozone Production AB, METAWATER Co., Ltd., Xylem Inc., ESCO International, and Chemtronics.
The research study sheds light on the key growth opportunities and market trends along with other vital market dynamics, including the drivers and restraints on the industry growth. With this report, the prospective buyers can be sure to become capable of adapting to the changes in the Ozone Generation Technology industry.
Browse complete report description and visit our website @https://www.emergenresearch.com/industry-report/ozone-generation-technology-market
The study has been conducted on the basis of inputs from the industry leaders. Thus, a conscious effort to dive deep and unearth hard to find information pertaining to the growing market landscape and growth prospects over the next few years is clearly visible in the study. The market intelligence report further comprises of discussions about the major vendors operating in the Ozone Generation Technology space
For the purpose of this report, Emergen Research has segmented the global ozone generation technology market on the basis of product type, application, and region:
Product Type Outlook (Revenue, USD Million; 2018–2028)
Less than 3 g/h
3g/h-9 g/h
More than 9 g/h
Application Outlook (Revenue, USD Million; 2018–2028)
Industrial Water
Wastewater
Drinking Water
Air Treatment
Others
Regional Outlook (Revenue, USD Million; 2018–2028)
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
BENELUX
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
South Korea
India
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Rest of MEA
Overview of the Ozone Generation Technology Market Report:
Introduction, Product Scope, Market Overview, and Opportunities
Analysis of the Manufacturers with sales, revenue, and price analysis
Comprehensive analysis of the competitive landscape
Extensive profiling of the key competitors along with their business strategies and market size
Regional analysis of the market along with sales, revenue, market share, and global position
Country-wise analysis of the market along with types, applications, and manufacturing
Strategic recommendations to established players as well as new entrants
The study elaborates on the crucial information pertaining to the regional Ozone Generation Technology share. It simultaneously focuses on the significant details about the growth patterns of each regional market.
Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.
Buy Now @https://www.emergenresearch.com/select-license/797
Explore more Emergen Research Reports @
hydroponics market
https://www.google.com.af/url?q=https://www.emergenresearch.com/industry-report/hydroponics-market
electric vehicle charging infrastructure market
adas and autonomous driving components market
automotive adaptive lighting market
fuel cells market
https://www.google.com.af/url?q=https://www.emergenresearch.com/industry-report/fuel-cells-market
automotive camera market
automotive telematics market
intelligent transportation system market
driver monitoring systems market
biofuels market
https://www.google.com.af/url?q=https://www.emergenresearch.com/industry-report/biofuels-market
About us :
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.
Eric Lee
Emergen Research
+91 90210 91709
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.
