Ozone Generation Market by Growing Demand, Rising Trends, Top Key Players and Forecast to 2023

Rise in need for clean drinking water, increase in usage of ozone technologies, and rapid urbanization & demographic growth drive the ozone generation market. However, high installation & operational cost of ozone generation systems and lack of awareness regarding ozone generators hamper the potential of the market for different applications.

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In 2016, Asia-Pacific and North America collectively accounted for around two-thirds share of the global market, while Asia-Pacific is expected to grow at a higher rate during the forecast period. Furthermore, high demand from the emerging countries, such as Japan, India, and China, is estimated to drive the market growth.

The major companies profiled in the report include, Absolute Systems, Inc., Chemtronics Co., Ltd., DEL Ozone, EBARA Technologies, Inc., ESCO International Ltd., Fuji Electric Co., Ltd., International Ozone Technologies Group, Inc., Mitsubishi Electric Corp., Toshiba Infrastructure Systems & Solutions Corporation, and Suez SA.

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Key Findings of the Ozone Generation Market:

The potable water treatment segment is expected to grow at a CAGR of 8.1% during the forecast period.

In Asia-Pacific, China is estimated to grow at the highest CAGR of 7.7%, in terms of value.

Corona discharge segment occupied around two-fifths of the global market share in 2016.

The U.S. accounted for over one-sixth of the global market in 2016, and is expected to grow at a significant CAGR of 7.4%.

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