According to Stratistics MRC, the Global Ozone Generation market is accounted for $844.3 million in 2015 and is expected to reach $1562.1 million by 2022 growing at a CAGR of 9.1% from 2015 to 2022. Factors such as need for potable water, rise in application of ozone technology, growing impact of industrialization and need to have safe & clean water will boost the market growth. However, lack of awareness about ozone generation technology and stringent rules and regulations regarding ozone standards will hinder the market growth. Furthermore, demand for water and air treatment in emerging countries and development of containerized ozone generators will enhance market opportunity.
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Waste water treatment accounted for largest share of the market revenue. Air and gas treatment segment will be witnessing promising growth. North America and Europe projected to grow significantly. Asia Pacific is the fastest growing market owing to industrialization and need for water and air treatment in this region.
Some of the key players in global Ozone Generation market are Applied Materials, Inc., BWT Group., MKS Instruments, Inc., Xylem Inc., ClearWater Tech, LLC., Del Ozone Holding Company Inc, Norland International, Inc., Mitsubishi Electric Corporation., Ozomax Inc., Ozonia, Ebara Corporation., Air Products Plc, Absolute Systems, Inc, Degremont Ltd., Hess Machine International, Wedeco Ag, Pacific Ozone Technology, Inc, Welltech Pacific Ozone Ltd, RGF Environmental Group Inc. and Pinnacle Ozone Solutions LLC.
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