At a CAGR of 5.3%, the Ozone Generation Market Size Expected to Reach $2.5 Billion by 2030

The rise in hygiene concerns, such as air purification at crowded places sterilizing drinking water by oxidizing all germs and bacteria, and advancement in industries led to an increase in the usage of ozone, which in turn increased the scope of ozone generation. Thus, expected to act as the major driving factor for the ozone generation market.

The global ozone generation market size was valued at $1.5 billion in 2020 and is projected to reach $2.5 billion by 2030, at a CAGR of 5.3% from 2021 to 2030.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞: https://www.alliedmarketresearch.com/request-sample/2610

Ozone, also known as trioxygen, has the chemical formula O3 and is composed of three oxygen atoms. Ozone gas is naturally unstable at normal atmospheric conditions, which means that in commercial applications, ozone must be made on-site using an ozone generator. The lifetime of ozone in water depends on various factors, including water temperature, ozone concentration, and the composition of the water itself. Although ozone does exist naturally, it is a relatively unstable and reactive gas. Therefore, ozone exists in the lower atmosphere at low concentrations. The greatest quantities of natural ozone are found at levels of up to 6 ppm (v/v) in the stratosphere, thus the term, the ozone layer. The natural production of ozone is by either UV radiation or lightning. As a commercially demanded treatment, there have been decades of R&D put into various methods of ozone industrial production. Today there are four recognized methods, such as corona discharge, ultraviolet radiation, electrolysis, and radiochemical source. In addition, Ozone is one of the most powerful oxidation tools used by water treatment professionals for purification and disinfection. However, the rising water treatment system may act as the major driving factor for the market.

𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/ozone-generation-market

Ozone is created from Oxygen in nature and in ozone generators for commercial or industrial applications. However, ozone quickly reverts back to molecular Oxygen. Ozone cannot be stored due to a short half-life and must be produced on-site and on-demand. Therefore, the ozone generator is the most important component of any successful ozone system. Industrial and commercial ozone applications use corona discharge ozone generators, almost exclusively.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

The Ozone Generation industry's key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐣𝐨𝐫 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 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.

𝐏𝐫𝐞𝐬𝐬 𝐑𝐞𝐥𝐞𝐚𝐬𝐞: https://www.alliedmarketresearch.com/press-release/ozone-generation-market.html

The ozone generation market is segmented on the basis of technology, application, end-use, and region. On the basis of technology, the market is classified into ultraviolet, cold plasma, corona discharge, and electrolytic. By application, it is categorized into wastewater treatment, air purification, medical equipment, food & beverages, and others. On the basis of end-use, it is categorized into industrial, residential, municipal, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/2610

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐒𝐭𝐮𝐝𝐲:

- On the basis of technology, the corona discharge segment emerged as the global leader in 2020 and is anticipated to be the largest markets during the forecast period.
- On the basis of application, the medical equipment segment emerged as the global leader in 2020 and is anticipated to be the largest market during the forecast period.
- Depending on end-use, the industrial segment registered the highest market share in 2020 and is projected to maintain the same trend during the forecast period.
- Region-wise, Asia-Pacific registered the highest market share in 2020 and is projected to remain dominant during the forecast period.

𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐄𝐧𝐞𝐫𝐠𝐲 𝐚𝐧𝐝 𝐏𝐨𝐰𝐞𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

𝟏. 𝐇𝐲𝐝𝐫𝐨𝐠𝐞𝐧 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.prnewswire.co.uk/news-releases/hydrogen-generation-market-to-reach-262-0-bn-globally-by-2031-at-6-8-cagr-allied-market-research-301650749.html

𝟐. 𝐂𝐚𝐩𝐭𝐢𝐯𝐞 𝐏𝐨𝐰𝐞𝐫 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.prnewswire.com/news-releases/captive-power-generation-market-to-reach-823-1-bn-globally-by-2030-at-5-3-cagr-allied-market-research-301483645.html

𝟑. 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐞𝐝 𝐄𝐧𝐞𝐫𝐠𝐲 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.prnewswire.co.uk/news-releases/distributed-energy-generation-market-to-reach-919-6-bn-globally-by-2030-at-14-2-cagr-allied-market-research-851694503.html

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

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