Ozone Generation Market Size

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.