Oct 9, 2020   SOURCE: BusinessWire

Global Ozone Generator Market (2020 to 2025) - Investments by Developed Countries in Emerging Economies Presents Opportunities - ResearchAndMarkets.com

The "Ozone Generator Market by Technology (Corona Discharge, Ultraviolet Radiation, Radiochemical, Electrolysis), Application (Water Purification, Air Purification, Food Processing, Organic Synthesis, Others), Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The ozone generators market is projected to grow USD 1,124 million in 2019 to USD 1,465 million by 2025, at a CAGR of 6.2% during the forecast period 2020 to 2025.

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 are 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 the application, the pulp bleaching segment is projected to grow at the highest CAGR 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.

Benefits of ozone in pulp bleaching:

  • Chlorine and chlorine dioxide are replaced
  • Adsorbable organic Halide (AOX) is reduced or eliminated
  • BOD/COD is lowered, and the effluent color is reduced
  • A higher process water cycling rate can be achieved

The advantages of ozone over chlorine for pulp bleaching is expected to drive the growth of the 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. This technology is cost-effective and has comparatively low maintenance.

The Asia Pacific is projected to grow the highest CAGR in the ozone generator market during the forecast period.

The Asia Pacific is projected to grow at the highest CAGR in the ozone generator market from 2020 to 2025. China, India, and Japan are witnessing rapid industrial, manufacturing, and infrastructural growth. Some of the economies in the 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 waste-water treatment.

Market Dynamics

Drivers

  • Water Scarcity and Stringent Laws & Regulations
  • Growing Demand for Ozone Generators from Municipal Water Treatment Plants
  • Increased Non-Conventional Applications of Ozone Generators
  • an Alternative to Chlorine for Water Disinfection

Restraints

  • High Installation and Maintenance Costs
  • Adverse Health Effects Associated with Ozone

Opportunities

  • Technological Advancements in Wastewater Treatment Systems
  • Investments by Developed Countries in Emerging Economies

Challenges

  • Lack of Awareness

Companies Profiled

  • Mitsubishi Electric Corporation
  • Xylem
  • Suez Water Technologies & Solutions
  • Ebara Corporation
  • Toshiba Corporation
  • Corotec Corporation
  • Ozonetek Limited
  • Lenntech
  • Biotek Environmental Science Ltd.
  • Biozone Corporation
  • Mks Instruments
  • Metawater Co., Ltd
  • Ozonetech Systems Ots Ab
  • Esco International Ltd
  • Chemtronics Technologies (India) Pvt. Ltd.
  • Faraday Ozone
  • Pinnacle Ozone Solutions, LLC
  • Ecozone Technologies Ltd.
  • Enaly Ozone Generator
  • Absolute Systems Inc.
  • International Ozone
  • Teledyne API
  • Industrie De Nora S.P.A
  • Spartan Environmental Technologies
  • Fujian Newland Entech Co. Ltd.
  • Shandong Nippon Photoelectricity Equipment Co., Ltd
  • Jinan Sankang Envi-Tech Co., Ltd
  • Taoture International Enterprises Inc.
  • Creative Oz-Air (I) Pvt Ltd
  • Eltech Ozone
  • Dongguan Beelee Electronics Co., Ltd.
  • Ozonefac Limited
  • Medozons Ltd.

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