(MENAFN- GlobeNewsWire - Nasdaq) UV Radiation is expected to accelerate the Demand for Ozone Generators

Rockville , Jan. 15, 2024 (GLOBE NEWSWIRE) -- The ozone generator market is expected to grow at a 6.4% CAGR between 2024 and 2034, according to Fact. By 2034, the global market for these products is expected to reach US$ 2,613.1 million. According to Fact MR, a provider of market research and competitive intelligence, the global ozone generator market is rapidly growing and is expected to continue its growth trajectory in the coming years.

Advances in ozone generator technology, such as improvements in energy efficiency, compact designs, and automation capabilities, can enhance the market's growth by making the technology more accessible and cost effective. Increasing environmental regulations related to water and air quality may drive industries to adopt cleaner technologies, including ozone generators, to meet compliance standards.

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Government incentives promoting the adoption of environmentally friendly technologies, along with regulations mandating the use of certain water and air treatment methods, can positively influence the ozone generator market. Increasing awareness among consumers and end users about the benefits and applications of ozone generators can create new market opportunities, especially in residential and small scale commercial sectors.

Growing concerns about water scarcity and the need for sustainable water management practices may drive the adoption of ozone generators in water reuse and recycling applications. The trend towards decentralized water treatment solutions, especially in remote or off grid areas, can create opportunities for compact and portable ozone generators.

The development of smart cities and increased urbanization can lead to higher demand for advanced water and air treatment technologies, including ozone generators, to meet the environmental and health challenges associated with concentrated populations. Ozone generator manufacturers collaborating with Original Equipment Manufacturers in related industries (such as water treatment systems or HVAC equipment) can expand market reach and increase product integration.

Report Attribute	Details
Value Projection (2034)	US$ 46.54 Billion
Growth Rate (2024-2034)	3.7% CAGR
No. of pages	170 Pages
No. of Tables	48 Tables
No. of Figures	144 Figures

Key Takeaways from the Market Study

• In 2024, the global ozone generator market is estimated to have a global market size of US$ 1,405.2 million.
• The UV radiation is expected to dominate the market, with a market share of 50.9% in 2024.
• The food and beverage processing category is expected to hold a market share of 47.6% in 2034.
• China is predicted to acquire a 57.5% of the global market share in 2024.
• North America is expected to account for a CAGR of 6.1% by 2034.
  

“The residential sector represents an emerging market for ozone generators, especially for air purification, odor control, and water treatment. Increased awareness of indoor air quality and home sanitation is expected to boost the demand,” says a Fact analyst.

Key Companies Profiled in This Report

• BES Group
• Chemtronics Technologies
• Degrémont Technolgies (Suez Environment)
• DEL Ozone
• EBARA Technologies, Inc.
• Ecozone Technologies Ltd.
• Enaly Ozone Generator
• Faraday ozone
• Lenntech BV
• Metawater USA, Inc.
• Mitsubishi Electric Power Products, Inc.
  

Competitive Landscape
A mix of established players, emerging companies, and technological innovators characterizes the ozone generators market. The market is witnessing increased competition, driven by the growing demand for ozone generators across various industries and applications

Recent Development

• In 2023, Fresh Mouth introduced its latest product, an innovative ozone generator that doubles as a hydrogenated water producer. Specifically designed for safe and efficient oral cleaning and sanitation, this device utilizes ozone generation to eliminate detrimental bacteria, viruses, and fungi. The technology is aimed at addressing issues such as bad breath, gum infections, and other oral health concerns.
  

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More Valuable Insights
Fact, in its new offering, presents an unbiased analysis of the global ozone generator market, presenting historical analysis from 2019 to 2023 and forecast statistics for the period of 2024 to 2034.

The study reveals essential insights based on ozone generator market analysis by technology (corona discharge, and UV radiation), by application (water treatment, food and beverage processing, and other industrial), and by region (North America, Latin America, Europe, East Asia, South Asia and Oceania, and Middle East & Africa).

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Water Cooling Corona Discharge Ozone Generator Market : The water cooling corona discharge ozone generator market is likely to grow at a CAGR of 4.2% during the forecast period.

About Fact:

Fact is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.

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