Ozone Generation Market Size- By Technology, By End Use, By Process, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Global Ozone Generation Market Overview

According to SPER Market Research, the Global Ozone Generation Market is estimated to reach USD 2.86 billion by 2032 with a CAGR of 5.54%.

When diatomic oxygen is subjected to an electrical field or ultraviolet (UV) light, ozone is formed. When exposed to these high levels of energy, some of the diatomic oxygen molecules split into individual oxygen atoms. Ozone is formed when free oxygen atoms mix with diatomic oxygen molecules. Because of the weak connections that retain the third oxygen atom, ozone is an unstable molecule, making it a naturally powerful oxidising and disinfecting agent. Ozone provides oxidising power either directly or indirectly through the formation of hydroxyl-free radicals during the breakdown of dissolved ozone into water. Growing need for clean water and increased awareness of the importance of water treatment are two significant reasons driving market demand for ozone generation. Unlike UV sterilisation, which leaves some areas unsterile, ozone may reach everywhere in the environment. Because it leaves no hazardous waste and can be made using simple equipment, it can also be utilised for public transportation modes such as ships, high-speed railroads, aeroplanes, and buses.

This reaction yields three simultaneous processes, such as oxidation, disinfection, and decomposition. During the oxidation process, ozone can be generated directly and through the highly reactive hydroxyl-free radicals or it can be generated by breaking of chemical bonds of organic compounds. For example, the components of the cell walls of microorganisms can be oxidized and broken down by ozone. This process facilitates disinfection by disrupting and lysing cell walls, exposing the contents of the cell to further oxidation and inactivation. All common bacteria, viruses, molds, cysts, and parasites can be destroyed by ozone in this manner. In the end, ozone decomposes to diatomic oxygen, leaving no unwanted residual taste or odor.

Impact of COVID-19 on the Global Ozone Generation Market

COVID-19 has a huge impact on the Ozone Generation market. COVID-19 has had a significant impact on the manufacturing industry as well as global supply chains. Since market demand has declined, many smaller manufacturers have been heavily damaged or put out of business. Social distancing standards have had a significant impact on worldwide company operations, although the consequences will be less apparent in the future. When diatomic oxygen is subjected to an electrical field or ultraviolet (UV) light, ozone is formed. Furthermore, ozone is a highly reactive gas made up of three oxygen atoms. Furthermore, the COVID-19 epidemic has exacerbated an already-existing oxygen crisis in many low- and middle-income countries (LMICs). Around half a million COVID-19 patients in LMICs require oxygen therapy every day, significantly beyond the present capacity at hospitals and health facilities. Additionally, import and export activities were severely hampered, negatively impacting sectors that employ ozone generation and, as a result, harming the worldwide ozone generation market growth.

Scope of the Report

Report Metric Details:

Market size available for years 2019-2032

Base year considered 2021

Forecast period 2022-2032

Segments covered By Technology, By End Use, By Process, By Application

Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America

Companies Covered

Absolute Systems Inc., Corotec Corporation, Ebara Corporation, Electrolux, Evoqua Water Technologies LLC, Industrie De Nora S.p.A., Fuji Electric Co., Ltd., Mellifiq, Mitsubishi Electric Corporation, MKS Instruments, Teledyne Technologies, Toshiba Corporation, Xylem.

Global Ozone Generation Market Segmentation:

By Technology: Based on the Technology, Global Ozone Generation Market is segmented as; Cold Plasma, Corona Discharge, Electrolytic, Ultraviolet.

By End Use: Based on the End Use, Global Ozone Generation Market is segmented as; Industrial, Municipal, Residential.

By Application: Based on the Application, Global Ozone Generation Market is segmented as; Air Purification, Aquaculture, Food & Beverage, Medical Equipment, Surface Treatment, Waste Water Treatment.

By Region: By Region, the study provides market insights into Asia-Pacific, Europe, Latin America, Middle East and North America. This is attributed to numerous factors, including the largest production of oxygen in the region, which in turn leads to production of ozone.