Ozone Generation Market Analysis

Global Ozone Generation Market Overview:

Ozone Generation Market Size was valued at USD 1.68 Billion in 2023. The Ozone Generation market industry is projected to grow from USD 1.77 Billion in 2024 to USD 2.59 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.86% during the forecast period (2024 - 2032). Water and wastewater treatment, industrial applications, environmental regulations, air purification and odor control, medical and healthcare sector, waste gas treatment, increasing awareness of waterborne diseases, are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Ozone Generation Market Trends

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  Increased water and wastewater treatment is driving the market growth

  
  

Water and wastewater treatment is a significant driver of the market growth for ozone generation because of its crucial role in addressing the global issues of water scarcity, pollution, and the need for sustainable water management. With the growth of both the global population and industrial activities, there is a greater need for clean, safe water. Ozone generating devices are therefore being used increasingly frequently for the treatment of wastewater and water.

The powerful oxidizing chemical ozone may effectively get rid of a range of aquatic diseases, including bacteria, viruses, and protozoa. Compared to traditional chlorine-based disinfection methods, ozone therapy offers superior bacterial inactivation without producing hazardous residues. Additionally, it stops chlorine's reaction with organic matter from creating harmful disinfection byproducts (DBPs) in water. As regulatory agencies throughout the world continue to tighten their criteria for water quality, the creation of ozone has grown in popularity as a means of meeting their stringent demands.

Ozone treatment is also crucial to advanced oxidation processes (AOPs) for the destruction of emerging contaminants and persistent organic pollutants in wastewater. Complex chemical compounds that are difficult to treat using conventional methods can be dissolved by highly reactive hydroxyl radicals created by ozone-using AOPs. As industry and urban expansion continue to contribute more contaminants to water sources, the demand for state-of-the-art ozone-based wastewater treatment systems is expected to rise.

Another aspect fostering market expansion is the versatility of ozone generating technologies. Generation may be done on demand thanks to on-site ozone generation, which also removes the need for hazardous chemical storage and shipping. This capacity is especially useful for remote or decentralized water treatment facilities where it may be challenging to get typical treatment chemicals.

Ozone's ability to improve water quality overall contributes to its expanding application in numerous industries. For example, ozone is increasingly used in aquaculture and fish farming to enhance water quality, reduce disease outbreaks, and speed up fish growth. Water that has been treated with ozone can be used for irrigation in the agricultural sector, reducing microbial contamination and boosting crop production.

The increased focus on resource recovery and water reuse is also fueling the market for ozone-based water and wastewater treatment systems. Ozone is a crucial component of water recycling and reclamation processes that aid in the recovery of valuable materials from wastewater and reduce environmental impact for organizations and governments. Thus, driving the Ozone Generation market revenue.

Ozone Generation Market Segment Insights:

Ozone Generation Technology Insights

The Ozone Generation Market segmentation, based on Technology, includes Ultraviolet, Cold Plasma, Corona Discharge & Electrolytic. The corona discharge segment dominated the market in 2022. This is explained by the fact that it is renewable and one of the simplest processes in comparison to other technologies.

Ozone Generation Application Insights

The Ozone Generation Market segmentation, based on Application, includes Waste Water Treatment, Air Purification, Medical Equipment, Food & Beverage. The medical equipment category generated the most income in 2022. This is attributable to the expansion of the healthcare infrastructure and the widespread use of ozone air purification in crowded settings like hospitals, clinics, and other locations.

Ozone Generation End-Use Insights

The Ozone Generation Market segmentation, based on End-Use, includes Industrial, Residential and Municipal. The industrial segment dominated the market in 2022. This is explained by the industry' quick growth and growing reliance on ozone.

Figure 1: Ozone Generation Market, by end-use, 2024 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Ozone Generation Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Ozone Generation Market dominated this market in 2022 (45.80%). Strict environmental restrictions regarding water and air quality have been put in place in North America, particularly in the United States and Canada. Ozone production is acknowledged as a successful and eco-friendly technique for air cleaning and water and wastewater treatment. The demand for ozone generating systems in many sectors and municipal applications has increased as a result of these strict requirements. Further, the U.S. Ozone Generation market held the largest market share, and the Canada Ozone Generation market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Ozone Generation Market Share By Region 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Ozone Generation market accounts for the second-largest market share. The European Union (EU) has some of the harshest environmental legislation in the world when it comes to air and water pollution. Ozone treatment is regarded to be more sustainable and environmentally friendly than traditional chemical treatments because it has no adverse effects. Ozone generating systems have been widely used in numerous commercial and municipal applications because they are in line with EU environmental goals. Further, the German Ozone Generation market held the largest market share, and the UK Ozone Generation market was the fastest growing market in the European region

The Asia-Pacific Ozone Generation Market is expected to grow at the fastest CAGR from 2023 to 2032. Disease outbreaks and the COVID-19 pandemic are just two examples of how important public health and cleanliness are. Ozone's potent disinfectant qualities have boosted its use in a variety of healthcare settings, improved water purification, and raised indoor air quality in the area. Moreover, China’s Ozone Generation market held the largest market share, and the Indian Ozone Generator market was the fastest growing market in the Asia-Pacific region.

Ozone Generation Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Ozone Generation market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Ozone Generation industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Ozone Generation industry to benefit clients and increase the market sector. In recent years, the Ozone Generation industry has offered some of the most significant advantages to medicine. Major players in the Ozone Generation market, including Daikin Industries, Ltd., Evoqua Water Technologies LLC, Electrolux, Ebara Corporation, Fuji Electric Co., Ltd., Mitsubishi Electric Corporation, MKS Instruments, Teledyne Technologies, Toshiba Corporation, Xylem and others, are attempting to increase market demand by investing in research and development operations.

The company Daikin Industries Ltd. (Daikin) manufactures air conditioners and refrigerants. It provides a wide range of products and technology for electronics, air conditioning, refrigeration systems, military systems, and oil hydraulics. Air conditioners made by the firm are extensively used in residential, commercial, and industrial environments. Fluoroplastics, chemical engineering tools, fluorocarbons, and high-end chemical products are also offered. The company sells oxygen therapy equipment, mobile hydraulic equipment, guided missile component parts, and industrial hydraulic machinery. Latin America, North America, Europe, Asia, the Middle East, Africa, and Oceania are all regions in which it conducts business. The headquarters of Daikin are located in Osaka, Japan.

Ebara Corp (Ebara) manufactures and sells industrial, environmental, and related equipment. It provides services for hydroelectric power plants, gear used in nuclear power, including engineering, construction, operations, and maintenance. Equipment for plating, chemical mechanical polishing (CMP), exhaust gas treatment, refrigeration, heating, turbines, compressors, blowers, fans, and dry vacuum pumps are all sold by the company. In addition, Ebara constructs and operates water treatment facilities, municipal waste incinerators, and industrial waste incinerators. Additionally, the company develops technologies for renewable energy sources such wind turbines, fuel cell cogeneration systems, and solar power plants. It conducts business through subsidiaries in Asia, North America, and other countries. Ebara's corporate headquarters are in Ohta-ku, Tokyo, Japan.

Key Companies in the Ozone Generation market include

• Daikin Industries, Ltd.


• Evoqua Water Technologies LLC


• Electrolux


• Ebara Corporation


• Fuji Electric Co., Ltd.


• Mitsubishi Electric Corporation


• MKS Instruments


• Teledyne Technologies


• Toshiba Corporation


• Xylem

Ozone Generation Industry Developments

In May 2023, Xylem, a US-based company that provides water solutions, acquired Evoqua Water Technologies LLC, an important participant in mission-critical water treatment products and services, in an all-stock deal valued at approximately $7.5 billion. This acquisition has created the most advanced array of capabilities globally to address the immediate water needs of Xylem’s customers and communities.

Fresh Mouth launched its new ozone generator, which also acts as a hydrogenated water producer, in April 2023. This machine is made to clean and sanitize the mouth safely and effectively. It produces ozone that eliminates harmful bacteria, viruses and fungi responsible for bad breath, gum diseases and other oral health problems.

In March 2023, Ozone Tech unveiled the launch of its new portable ozone generator called OzoneGo. The OzoneGo is a small-sized lightweight ozone generator that can be employed for diverse tasks, including such as water purification, air purification and food safety.

Oxyfresh released its new ozone generator named Oxyfresh Ozone Pro in February 2023. The device is designed to remove odors from indoor environments by emitting ozone gas into them before they are circulated back out through a return grille with minimal loss of efficiency.

Puretec has introduced its new high-efficiency Puretec Ozone Generator this January 2023. The Puretec Ozone Generator brand offers highly efficient osone generators applicable in different settings like industrial purposes as well as wastewater treatment facilities.

In April 2022, TOSHIBA CORPORATION announced an agreement to supply three ozone generators for installation at Larsen & Toubro Limited’s Chandrawal Water Treatment Plant in Delhi, India, owned by Delhi Jal Board (DJB). This plant represents one of India’s biggest ozonation systems for wastewater treatment plants.

In 2021, Xylem acquired Valour Water Analytics, that develops water management software. As a result of this purchase order, Xylem will enhance its portfolio of smart water management solutions, including ozone production units, and strengthen its ability to provide data-driven insights to customers.

Ozone Generation Market Segmentation:

Ozone Generation Technology Outlook

• Ultraviolet


• Cold Plasma


• Corona Discharge


• Electrolytic

Ozone Generation Application Outlook

• Waste Water Treatment


• Air Purification


• Medical Equipment


• Food & Beverage

Ozone Generation End-Use Outlook

• Industrial


• Residential


• Municipal

Ozone Generation Regional Outlook

• North America
  
  
  
  • U.S.
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America