Ozone Generator Market worth $1.5 billion by 2026 | Key players Xylem, Mitsubishi Electric Corp, Ebara Corp, Toshiba Corp, METAWATER
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By application, the water purification segment accounted for the largest market share in 2020. Ozone generators are widely used for water disinfection, purification, and de-colorization in water & wastewater treatment plants, swimming pools, cooling towers, and drinking water. Stringent laws & regulations implemented by the environmental bodies and governments for water & wastewater treatment are expected to propel the growth of the water purification segment. The water purification segment led the ozone generator market in 2019 and is projected to have a higher demand in the coming years.
By technology, the cororna discharge segment accounted for the largest share of the ozone generator market in 2020. Corona discharge ozone generator is used for both industrial and commercial applications. The growth can be attributed to the advantages of corona discharge technology over other materials. This technology is cost-effective and has comparatively low maintenance.
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The global ozone generator market size is projected to grow from USD 1.1 billion in 2021 to USD 1.5 billion by 2026, at a CAGR of 6.2% during the forecast period 2020 to 2026. Use of ozone as an alternative to chlorine for disinfection is one of the major factors propelling the growth of the ozone generator market
SUEZ Water Technologies & Solutions (France), Xylem (US), Mitsubishi Electric Corporation (Japan), Ebara Corporation (Japan), Toshiba Corporation (Japan), METAWATER Co., Ltd. (Japan), Industrie De Nora S.p.A. (Italy), Spartan Environmental Technologies (US), MKS Instruments (US), Teledyne API (US), Creative Oz-Air (I) Pvt Ltd (US), Corotec Corporation (US), Ozonetech Systems OTS AB (Sweden), and Absolute Systems Inc (China) are some of the leading players operating in the ozone generator market.
The key players operational in the ozone generator market are focusing on product launches, contracts, and partnerships to enhance their position in the market. These companies are also investing in R&D activities to strengthen their sales and distribution networks, enhance their market visibility, and strengthen their position.
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Ozonetech Systems OTS AB, in July 2020 entered into a partnership with Lohja Municipality (Finland) to implement pharmaceutical treatment. The project is sponsored by the program for efficient water protection by the ELY Centre in South Savo (Centre for Economic Development, Transport, and the Environment) and the Ministry of Environment. Lohja will be the first municipality in Finland to install advanced treatment technology to eliminate micropollutant emissions into the environment.
Corotec Corporation introduced a new line of modular ozone generators for use on extrusion coating and laminating lines to improve the adhesion of the laminate and allow increased production speeds. These generators apply ozone to the web at the laminating or coating nip, which can increase bond strengths drastically.
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