Global Advanced Oxidation Technologies Market is projected to reach US$ 4.71 Bn by 2023 to reach US$ 6.47 Bn in 2030, exhibiting a compound annual growth rate (CAGR) of 4.6% during the period from 2023 to 2030.
Report Coverage |
Report Details |
Base Year: |
2022 |
Market Size in 2023: |
US$ 4.71 Bn |
Historical Data for: |
2018 to 2021 |
Forecast Period: |
2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: |
4.60% |
2030 Value Projection: |
US$ 6.47 Bn |
Figure 1. Global Advanced Oxidation Technologies Market Share (%), By Region, 2023
Advanced oxidation technologies offer innovative solutions for treatment of hazardous and toxic pollutants in water and wastewater. These technologies utilize oxidation process such as ozone, hydrogen peroxide, ultraviolet or titanium dioxide to degrade organic pollutants into non-toxic compounds. Rising concerns regarding water pollution and stringent regulations towards discharge of untreated effluents boosts adoption of advanced oxidation technologies across various end-use industries. Factors such as ability to destroy both inorganic and organic micropollutants completely with minimal sludge generation make these technologies attractive alternatives to conventional treatment methods. Furthermore, growing need for potable water especially in developing nations is expected to boost demand for advanced oxidation technologies during the forecast period.
Market Dynamics:
Stringent regulatory framework regarding industrial effluents and drainage systems across major economies is a key factor driving growth of global advanced oxidation technologies market. Manufacturing industries are increasingly focusing on advanced water treatment systems to comply with environmental regulations. Moreover, rapid industrialization and urbanization have augmented fresh water demand exponentially, propelling use of advanced oxidation technologies for water reclamation and reuse. However, high capital and operational costs associated with these technologies limit their applications among small scale industries. Ongoing R&D towards development of cost-effective advanced oxidation techniques is expected to create new revenue opportunities in the near future.
Key features of the study:
- This report provides in-depth analysis of the global advanced oxidation technologies market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global advanced oxidation technologies market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Aquatech International LLC, American Water Chemicals, Inc, Xylem Inc., Advanced Plasma Power Ltd., Trojan Technologies Group ULC. ,Lenntech BV., Veolia, Evoqua Water Technologies LLC, Sewec Ozon GmbH, Zetas Kimya, Spartan Environmental Technologies, LLC, LIAN TADBIR Engineering Company, and ESCO International
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global advanced oxidation technologies market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global advanced oxidation technologies market
Detailed Segmentation:
- By Technology
- Ozone-based Advanced Oxidation
- Hydrogen Peroxide-based Advanced Oxidation
- UV-based Advanced Oxidation
- Fenton-based Advanced Oxidation
- Persulfate-based Advanced Oxidation
- Other Advanced Oxidation Technologies
- By Application
- Water and Wastewater Treatment
- Air Purification and Treatment
- Soil Remediation
- Industrial Processes
- Chemical Synthesis
- Others
- By Service Type
- Wet Cleaning
- Dry Cleaning
- Chemical Cleaning
- Vacuum Cleaning
- By End User
- Industrial
- Residential
- Commercial
- By Contaminant Type:
- Organic Contaminants
- Inorganic Contaminants
- Microorganisms
- Emerging Contaminants
- Others
- By Scale of Operation:
- Small-scale Systems
- Medium-scale Systems
- Large-scale Systems
- By Catalyst Type:
- Homogeneous Catalysts
- Heterogeneous Catalysts
- By Delivery Mode:
- On-site Systems
- Off-site Systems
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Top companies in Global Advance Oxidation Technologies Market:
- Aquatech International LLC
- American Water Chemicals, Inc
- Xylem Inc.
- Advanced Plasma Power Ltd.
- Trojan Technologies Group ULC.
- Lenntech BV
- Veolia
- ESCO International
- Evoqua Water Technologies LLC
- Sewec Ozon GmbH
- Zetas Kimya
- Spartan Environmental Technologies, LLC
- LIAN TADBIR Engineering Company