Ozone Generator Market Size Worth $ 2.18 Billion By 2032 | CAGR: 6.3%

Ozone Generator Market Size Worth $ 2.18 Billion By 2032 | CAGR: 6.3%


The global ozone generator market size is expected to reach USD 2.18 billion by 2032, according to a new study by Polaris Market Research. The report “Ozone Generator Market Share, Size, Trends, Industry Analysis Report, By Technology (Cold Plasma, Corona Discharge), By Application (Wastewater Treatment, Air Treatment), By End-use (Municipal, Commercial), By Region, And Segment Forecasts, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The demand for ozone generators in residential settings and various public spaces is driven by their unique ability to disinfect effectively. Unlike ultraviolet sterilization, ozone can penetrate every corner of a space, ensuring comprehensive sterilization. Ozone generators offer the advantage of leaving no harmful residues, making them safe for use in diverse environments. These generators can be easily produced using simple equipment, making them accessible for various applications, including public transportation modes like high-speed railways, airplanes, ships, and buses. Additionally, they are suitable for sanitizing individual rooms as well as large public areas, meeting the demand for effective and efficient disinfection in both residential and public settings.

India stands as a crucial developing nation in the region, making it a vital market for ozone generators. The country's rapid industrialization, population growth, and economic expansion have led to an increased need for stable sources of municipal and industrial water. Government initiatives like "Make in India" are expected to bolster the industrial sector, driving the demand for water and wastewater treatment. These factors are set to positively impact the market's growth in the foreseeable future.

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According to the World Resources Institute (WRI), countries like Greece, Italy, Portugal, and Spain are facing significant water stress, a situation expected to worsen due to climate change. Additionally, Europe is likely to see a rise in demand for clean drinking water due to the influx of refugees from conflict-ridden countries such as Syria, Afghanistan, and Iraq. These factors are projected to increase the requirement for water treatment systems and positively impact the demand for ozone generators in the region.

The industrial sectors, including pharmaceutical, chemical, and food processing industries, have experienced notable growth in the demand for ozone generators in recent years. This surge in demand can be attributed to the ozone generators' ability to effectively decompose harmful substances such as phenol and cyanide. In these industrial settings, various chemical compounds and pollutants need to be eliminated for the safety of products and compliance with environmental regulations.

Ozone Generator Market Report Highlights

  • Corona discharge segment dominated the market, as they produce pure form of ozone without any harmful gases or chemicals
  • Cold plasma generators segment will grow rapidly, owing to the high ozone concentration
  • North America dominated the market, as they developed technology for ozone generators and rising necessity to upgrade their sewage plants
  • The global players include DAIKIN INDUSTRIES, MITSUBISHI MOTORS, OTSIL, Suez, and TOSHIBA.

Polaris Market Research has segmented the ozone generator market report based on technology, application, end use, and region:

Ozone Generator, Technology Outlook (Revenue - USD Billion, 2019 - 2032)

  • Corona Discharge
  • Cold Plasma
  • Electrolysis
  • Ultraviolet

Ozone Generator, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Wastewater Treatment
  • Air Treatment
  • Laboratory & Medical Equipment
  • Others

Ozone Generator, End Use Outlook (Revenue - USD Billion, 2019 - 2032)

  • Municipal
  • Industrial
  • Commercial
  • Residential

Ozone Generator, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

Ozone Generator Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 1.33 billion

Revenue forecast in 2032

USD 2.18 billion

CAGR

6.3% from 2024 – 2032

Base year

2023

Historical data

2020 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD million/billion and CAGR from 2024 to 2032

Segments covered

By Technology, By Application, By End Use, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Customization

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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