Ozone Generation Market size was valued at USD 1.76 billion in 2023 and is set to exceed USD 3.28 billion by the end of 2036, registering over 4.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of ozone generation is estimated at USD 1.83 billion.
The growth of the market can be attributed to the increasing need for clean drinking water, rapidly growing urbanization, and rise in the usage of ozone technologies. According to the Centers for Disease Control and Prevention, by 2030, an estimated 2.2 billion people need access to safely managed drinking water, including th2 884 million who don’t have any basic drinking water services. In addition to these, ozone disinfection for water treatment is a great alternative to chemical methods, such as chlorination as water borne pathogens cannot exist in ozone disinfected water. This is expected to be a crucial factor driving market growth in the upcoming years. Furthermore, increasing investments by developed countries in emerging nations to effectively treat industrial and municipal water is projected to provide ample growth opportunities to the market in the near future.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
4.9% |
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Base Year Market Size (2023) |
USD 1.76 billion |
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Forecast Year Market Size (2036) |
USD 3.28 billion |
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Regional Scope |
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The market is segmented by technology into ultraviolet radiation, electrolysis, radiochemical, and corona discharge, out of which, the corona discharge segment is anticipated to hold the largest share in the global ozone generation market on account of the cost effectiveness and low maintenance of corona discharge technology compared to others, and its largescale use in commercial and industrial applications. Additionally, on the basis of application, the potable water treatment segment is predicted to grab the largest share during the forecast period owing to the wide range of applications of ozone generators for water purification, disinfection and de-colorization in wastewater treatment plants. Along with these, strict government regulations for water treatment are also evaluated to drive market growth by the end of 2030.
Our in-depth analysis of the global market includes the following segments
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By Technology |
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By Application |
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On the basis of geographical analysis, the global ozone generation market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Asia Pacific industry is estimated to dominate majority revenue share by 2036, propelled by growing industrialization, and increase in disposable income of the population in China and India.
North America Market Analysis
Moreover, the market in North America is expected to gather the largest share during the forecast period owing to the escalating awareness associated with the benefits of ozone generation technologies and rapid rise in the population in the region.
October 27, 2020- Xylem, Inc. developed an ozone solution that can disinfect wastewater from paper industry up to 99.9 percent. The plant is located in Pescia, Italy, where the wastewater is treated for color and disinfection using ozone.
Author Credits: Dhruv Bhatia
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