Commercial Ozone Generator Market Revenue to Attain USD 274.22 Mn by 2033
Published: 24 Dec 2024
Author: Precedence Research
Commercial Ozone Generator Market Revenue and Trends 2023 to 2033
The global commercial ozone generator market revenue was valued at USD 150.04 million in 2024 and is expected to attain around USD 274.22 million by 2033, growing at a CAGR of 6.93% during the forecast period. The demand for the commercial ozone generator market is increasing due to the growing demand for effective water and air purification systems.
Market Overview
An ozone generator is a device designed to generate an ozone gas, which has applications in many industries such as textiles, food, pharmaceuticals textiles, food, and water treatment. Ozone is a compound with three oxygen atoms. This gas can kill bacteria, viruses, and other contaminants in water and air. Careful handling is necessary for proper adherence to safety guidelines because high ozone concentrations can lead to risks to humans and pets, too.
Report Highlights of the Commercial Ozone Generator Market
- By technology, the corona discharge segment dominate the global market in 2023. The dominance of the segment can be attributed to the high amount of ozone production with less energy consumption by using this technology.
- By technology, the cold plasma segment is expected to grow at the fastest rate in the market over the forecast period. The growth of the segment can be credited to the superior disinfection abilities and eco-friendly profile of cold plasma.
- By application, in 2023, the laboratory & medical equipment segment led the global market. The dominance of the segment can be credited to the increasing demand for strong oxidizing agents, capable of killing viruses and bacteria.
- By application, the water treatment segment is anticipated to grow at the fastest rate in the market during the projected period. The growth of the segment can be credited to the growing utilization of ozone generators for water treatment because of their sustainable nature and higher disinfection capabilities.
Commercial Ozone Generator Market Trends
Stringent regulations on air and water quality
Regulatory authorities and governments across the globe have implemented strict regulations to maintain air and water quality standards. Hence, ozone generators are a reliable option for meeting these regulatory demands because of ozone's effective disinfection characteristics. In addition, ozone can cut harmful pathogens, pollutants, and smells from both air and water, which makes ozone generators an effective solution to meet stringent environmental standards.
Increasing demand for compact and efficient systems
Ozone generators are increasingly becoming streamlined and compact due to rising consumer and industry demand for user-friendly and more adaptable solutions. Also, technological advancements are making it possible to design ozone generators that are more efficient in the domain of energy consumption and performance. Moreover, the market for small and compact ozone generators is increasing cause consumers are prioritizing energy-efficient solutions.
- In November 2022, Ozonetek announced the launch of its new website. The new website features a more user-friendly interface and offers more information about ozone generators and their applications.
Integration of IoT and smart technology
This advanced system can interact, link, and manage the Ozone generator from a remote location, due to the integration of IoT. Ozone generators can strengthen their efficiency by consuming fewer resources by managing their production. Furthermore, IoT integration creates opportunities for swift deployment with-existing infrastructure in workplaces, residences, and urban areas.
Regional Outlook
North America dominated the global commercial ozone generator market in 2023. The region's dominance can be credited to its growing focus on wastewater treatment coupled with the increasing need for air treatment systems to tackle issues such as smoke odor removal, mold elimination, and pungent odors. Moreover, in North America, the U.S. led the market due to the rising demand for sustainable solutions with less harmful products that go smoothly with green initiatives.
Asia Pacific is expected to grow at the fastest rate in the commercial ozone generator market during the studied period. The growth of the region can be attributed to the expanding urbanization and increasing air and water pollution concerns in emerging economies such as India and China. Furthermore, a rise in awareness of the advantages of ozone over conventional disinfection methods boost the market growth in the region soon. With the launch of water treatment plants in recent years, the demand for ozone technology for the purification of water has outgrown.
Commercial Ozone Generator Market Coverage
| Report Attribute | Key Statistics |
| Market Revenue in 2024 | USD 150.04 Million |
| Market Revenue by 2033 | USD 274.22 Million |
| CAGR | 6.93% from 2024 to 2033 |
| Quantitative Units | Revenue in USD million/billion, Volume in units |
| Largest Market | North America |
| Base Year | 2023 |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Market News
- In May 2023, an all-stock deal worth around USD 7.5 million saw the acquisition of Evoqua Water Technologies LLC by U.S.-based water solutions provider Xylem. Evoqua is a major leader in mission-critical water treatment equipment and services.
- In January 2023, Minolta, Inc. (Konica Minolta) announced that the company has collaborated with Tamura TECO Co., Ltd. (Tamura TECO), a leading company of ozone-related products, to develop the second ozone generator. A leading company of ozone-related products, to develop the second ozone generator.
Commercial Ozone Generator Market Key Players
- Xylem Inc.
- Mitsubishi Electric Corporation
- Suez SA
- Toshiba Corporation
- Ebara Corporation
- Ozone Tech Systems OTS AB
- Absolute Systems Inc.
- DEL Ozone
- Primozone Production AB
- Daikin Industries, Ltd.
- Ozonia (Suez Water Technologies & Solutions)
- Oxyzone
- MKS Instruments, Inc.
- Biotek Environmental Science Ltd.
- International Ozone Technologies Group, Inc
Market Segmentation
By Technology
- Ultraviolet Generators
- Cold Plasma Generators
- Corona Discharge Generators
- Electrolytic Generators
- Others
By Application
- Wastewater Treatment
- Industrial Wastewater Treatment
- Municipal Wastewater Treatment
- Aquaculture
- Swimming Pool
- Laboratory Medical & Potable Water Treatment
Get this report to explore global market size, share, CAGR and trends, featuring detailed segmental analysis and an insightful competitive landscape overview@ https://www.precedenceresearch.com/checkout/5372
You can place an order or ask any questions, please feel free to contact at sales@precedenceresearch.com | +1 804 441 9344