Ozone Generation Technologies Market worth USD 1.2 billion by 2021

Ozone Generation Technologies Market Analysis Size, Growth rate and Overview:

Ozone Generation Technologies Market was valued at USD 841.4 million in 2017 and is expected to reach almost USD 1.2 billion by the end of 2021, growing at a CAGR of around 7.1% over the predicted period.

Ozone has many advantages in terms of superior total disinfection capacity and better treatment speed compared to other disinfectants such as chlorine and UV rays, making it the preferred product of end users. The high oxidation potential, the faster processing time, the absence of harmful by-products and the long-term economic benefits are some of the main benefits of ozonation. The generation of ozone is used for the disinfection of water, equipment and disinfection of the air. It is also used for the treatment of diseases such as cancer and AIDS and for the treatment of bio-waste. The growing demand for wastewater treatment to be potable and useful for other purposes is driving the growth of the ozone generation technology market.

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Ozone Generation Technologies Market Key Drivers, Challenges, and Opportunities:

The main drivers of demand for ozone-producing technologies are water shortages and the growing need to conserve natural water and treat wastewater. Favorable regulatory standards should help increase profitability for interested parties. The lack of knowledge of the benefits of the use of ozone for disinfection hinders the growth of the global market. Growing health problems worldwide due to urbanization, increasing water pollution and the increasing level of industrialization are driving the market for these technologies. The simple technology and lack of regulatory requirements for ozone generators in most of the world are leading to the emergence of many small regional private companies.

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Ozone Generation Technologies Market – Regional Presence:

The rapid industrialization in the Asia-Pacific region, together with the increase in disposable income in the emerging economies of India and China, offers enormous opportunities for players operating in the market for ozone-producing technology. The increase in industrialization in Asia-Pacific has increased the use of water and, therefore, the volume of wastewater, which increases the need for wastewater treatment through various means. Market trends imply a greater need for water and air treatment in developing countries. The regulation of wastewater treatment in some countries is changing its disinfection techniques to improve the level of water safety. Regulators in the developed economies of North America and Europe have supported the use of ozone generation technologies, which has further fuelled market demand.

Some of the Key Players Profiled in this Ozone Generation Technologies Market Report are:

Ebara corp., Mitsubishi Electric Power Inc., Vermont Inc., Ozomax ltd., Pacific Ozone Technology Inc., and Degremont Ltd., among others. Some of the big players have raised the standards of ozone generating products by introducing high efficiency and low power equipment.

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