The ozone generator market is expected to grow at a compound annual growth rate of 7.36% during the forecast period to reach a market size of US $ 835.020 million in 2026, from US $ 507.925 million in 2019.
Ozone generators have many applications in the treatment and purification of industrial water, the food and beverage industry, as they produce ozone for the treatment, purification and disinfection of air and some water. They are used in various industrial applications to improve the overall shelf life of products and reduce the risk of product contamination.
The rapid industrialization and urbanization along with the purchasing power of consumers are the factors that are driving the growth of the market. Industries such as automotive, construction, food or healthcare have a high demand for ozone generators. Rapid industrialization and expansion of construction or manufacturing industries are fueling the growth of ozone generator market. Asia-Pacific is expected to be the world leader in the ozone generator market, as it is the largest producer of food, beverages and tobacco in the world.
Globally, the population is increasing day by day, which has dramatically increased air pollution. China is the most populous country in the world with a population of over 1.4 billion, followed by India. In 2018, India has a population of over 1.355 billion people and its population growth is expected to continue through 2050. It is expected that by 2030, India will become the most populous country in the world. The increasing number of populations has increased the demand for ozone generators to remove air pollution and is expected to be the main driver of market growth during the forecast period.
Asia-Pacific is expected to dominate the market during the forecast period. Frequent incidents of sick house syndrome, asthma and the novel coronavirus disease have raised public concern about this infectious disease. Growing air pollution and contaminated air are having a huge impact on human health, resulting in continued increase in sales of ozone generators in countries such as China, India, South Korea and the United States. Japan.
The high cost of operating and maintaining ozone generators is one of the major challenges facing this market. The costs of ozonation are relatively high compared to other disinfection techniques. The investment cost and maintenance expense of the ozone generator is quite high and is restraining the growth of the ozone generator market.
Lack of awareness of the use of ozone generators. Ozone generators are a new concept for many countries which still use traditional techniques for disinfecting water. Lack of consumer awareness of its application of sanitation and ozone disinfection can be seen as a big challenge for the market growth.
Many countries are taking initiatives to invest in wastewater treatment systems in developing countries where populations face a shortage of clean and safe drinking water. This initiative should provide an opportunity for the ozone generator market to develop in developing countries.
The Covid-19 pandemic is having a positive impact on the ozone generator market. Ozone generators are used by healthcare providers, shops and many other public places during the pandemic because covid-19 is an airborne virus and ozone has been shown to be effective in inactivating the virus. Sars-cov-2 virus. So, to stop the spread of the virus, these generators are used by schools, restaurants, hospitals, clinics and others.
Main topics covered:
2. Research methodology
3. Executive summary
4. Market dynamics
4.1. Market factors
4.2. Market constraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining power of suppliers
4.3.2. The bargaining power of buyers
4.3.3. The threat of new entrants
4.3.4. The threat of substitutes
4.3.5. Competitive rivalry in function
4.4. Value chain analysis function
5. Ozone Generator Market Analysis, By Generator Type
5.3. Corona discharge
5.4. Cold plasma
6. Ozone Generators Market Analysis, By Application
6.2. Water treatment
6.3. Air purification
7. Analysis of Ozone Generators Market, by Industry Vertical
7.3. food and drinks
7.5. Health care
8. Ozone Generator Market Analysis, By Geography
9. Competitive environment and analysis
9.1. Analysis of major players and strategy
9.2. Emerging players and market profitability
9.3. Mergers, acquisitions, agreements and collaborations
9.4. Supplier competitiveness matrix
10. Company profiles
For more information on this report, visit https://www.researchandmarkets.com/r/hk8wih
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211214006162/en/
Laura Wood, Senior Press Director
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