What Are the Growth Drivers of Ozone Generation Market? | Absolute Systems Inc, Biozone Corporation, Air Tree Ozone Technology Co Ltd, Chemtronics Co Ltd, Daikin Industries Ltd, EBARA Technologies Inc
Based on technology, the ozone generation market is categorized as corona discharge, cold plasma, electrolysis and ultraviolet. Corona discharge is the most used technology among all others. In this technology, gas is ionized and generated at room temperature. In this technique, ionization happens between two electrodes and both are separated through some insulating barrier. The method is largely used in the industry as it is quite scalable and creates large amount of ozone, cost effective and also has low maintenance.
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Lack of awareness among consumers reading the ozone generation technologies application in wastewater management activities is the major hindrance to the overall market growth. Although growing government initiatives in developing nations to support wastewater management programmes through ozone technologies can generate ample opportunities to the ozone generation market growth potential.
Ozone generation market are used across several applications such as aquaculture, laboratory equipment, medical, portable water treatment, semiconductor, swimming pool, etc. This technology is majorly used in air purification and water treatment purposes. Moreover, it is also applicable in treating bio wastes as it helps in reducing energy consumption as well as chemical treatment which will help in reducing the overall treatment cost. It is considered to be quite cost effective and environment friendly as this method only utilize electricity and thus act as a good replacement to traditional methods.
North America and Europe have registered themselves as the leading market for ozone generation technologies. Significant gains in these regions is expected as a result of heavy regulations and frameworks in managing wastewater generated from industrial activities. Asia Pacific is anticipated to witness promising gains owing to rising disposable income and growing GDP of emerging nations like India and China which is bolstering industrialization. These trends has resulted in emission of wastewater from industries which needs to be treated to prevent its hazardous impact on the environment. Alongside, regional regulatory framework will also push wastewater treatment activities in the region to help save environment and thus contributing to the overall ozone generation market size by 2025.
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Few key players in the ozone generation market are Absolute Systems Inc, Biozone Corporation, Air Tree Ozone Technology Co Ltd, Chemtronics Co Ltd, Daikin Industries Ltd, EBARA Technologies Inc, Del Ozone Holding Company Inc, Enviro rental Products Ltd, International Ozone Technologies Group Inc, Enviro rental Products Ltd, Pacific Ozone Technology Inc, Sharp Corporation etc.
Ozone Generation Market, By Technology, 2014-2025 (USD Million)
• Corona discharge
• Cold plasma
Market, By Application, 2014-2025 (USD Million)
• Laboratory equipment
• Medical application
• Portable water treatment
• Swimming pool
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