Ozone Generation Technologies Market Research Report, Growth Trends, and Competitive Analysis 2016-2021 - Ebara Corp, Mitsubishi Electric Power Inc., Vermont Inc., Ozomax ltd., Pacific Ozone Technology Inc., and Degremont Ltd.

Global Ozone Generation Technologies Market Size:

The Global Ozone Generation Technologies Market Should reached USD 1.2 billion by 2021 from USD 841.4 million in 2016 with a growing at a compound annual growth rate (CAGR) of 7.1% from 2016 to 2021.

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Global Ozone Generation Technologies Market Overview

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 most common type of ozone generation technology is corona discharge. Ozone can also be produced using traditional methods such as UV and electrolytic light, which results in higher concentration and purity. The growing demand for wastewater treatment to be portable and useful for other purposes is driving the growth of the ozone production technology market.

Ozone Generation Technologies Market Drivers and Restraints:

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 for ozone production technology. Growing health problems worldwide due to urbanization, increasing water pollution and the increasing level of industrialization are driving the market for ozone-producing technologies. The simple technology and lack of regulatory requirements for ozone generators in most parts of the world are leading to the emergence of many small regional private companies.

Ozone technology equipment has a promising growth in wastewater treatment equipment for industries, municipal and commercial segments such as swimming pools, spas and more. The municipalities are moving from traditional disinfection with chlorine to UV and ozone technology. This has had the effect of stimulating the market for ozone production technologies. Of these applications, wastewater treatment accounts for approximately three quarters of the general market. The gas or air treatment segment is the fastest growing segment of the ozone generation technology market.

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Geographic Segmentation:

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 generation 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 fueled market demand for ozone generation technologies.

Some of the global players in ozone generation technologies market 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 ozone equipment in ozone market.

Scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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