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Ozone Generation Market Analysis
WILMINGTON, DE , UNITED STATES, March 13, 2024 /EINPresswire / -- The global ozone generation market size was valued at $1.5 billion in 2020, and is projected to reach $2.5 billion by 2030, at a CAGR of 5.3% from 2021 to 2030.
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Ozone Generation Market Report Highlights
By Technology
Ultraviolet
Cold Plasma
Corona Discharge
Electrolytic
By Application
Waste Water Treatment
Air Purification
Medical Equipment
Food & Beverage
Others
As a commercially demanded treatment, there have been decades of R&D put into various methods of ozone industrial production. Today there are four recognized methods, such as corona discharge, ultraviolet radiation, electrolysis, and radiochemical source. In addition, Ozone is one of the most power oxidation tools used by water treatment professionals for purification and disinfection. However, rising water treatment system may act as the major driving factor for the market.
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The ozone generation market has experienced steady growth in recent years due to its versatile applications across various industries. Ozone generation involves the production of ozone gas, a highly reactive form of oxygen, which finds extensive use in water treatment, air purification, industrial processes, and more.
As the demand for clean, safe, and sustainable solutions intensifies, the ozone generation market is poised for exponential growth and innovation. Advancements in ozone production techniques, coupled with ongoing research in application-specific technologies, are driving efficiencies and expanding the market's reach across diverse sectors. Moreover, the integration of IoT and automation is streamlining system monitoring and control, enhancing operational reliability, and paving the way for smart ozone solutions tailored to evolving needs.
Growing Demand for Water Treatment: With increasing concerns about water pollution and the need for clean water, the demand for ozone generation systems for water treatment has surged. Ozone effectively disinfects water by killing bacteria, viruses, and other pathogens, making it safe for consumption and industrial use.
Air Purification Applications: Ozone is a potent oxidizing agent capable of eliminating odors, smoke, and volatile organic compounds (VOCs) from the air. This makes ozone generation systems valuable for indoor air purification in commercial buildings, hospitals, hotels, and residences, contributing to improved indoor air quality and health.
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Key Market Players:
. Daikin Industries, Ltd.
. Evoqua Water Technologies LLC
. Electrolux
. Ebara Corporation
. Fuji Electric Co., Ltd.
. Mitsubishi Electric Corporation
. MKS Instruments
. Teledyne Technologies
. Toshiba Corporation
. Xylem
In an era where environmental sustainability and health consciousness are paramount, the ozone generation market emerges as a pivotal player in addressing pressing global challenges. Ozone, a powerful oxidizing agent, finds multifaceted applications across industries, ranging from water treatment and air purification to healthcare and agriculture. This burgeoning market not only signifies a paradigm shift towards cleaner technologies but also heralds a new wave of innovation and opportunity.
David Correa
Allied Market Research
+1 5038946022
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