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Global Ozone Generation Market Share, Trends, Forecast: By Application: Wastewater Treatment, Air Treatment, Laboratory and Medical Equipment, Others; By Technology: Corona Discharge, Cold Plasma, Electrolysis, Electrolysis, Ultraviolet; By End Use: Municipal, Industrial, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Ozone Generation Market Outlook
The global ozone generation market size reached approximately USD 1.67 billion in 2023. The market is further projected to grow at a CAGR of 6.2% between 2024 and 2032, reaching a value of USD 2.88 billion by 2032.
Key Trends in the Market
The creation of ozone takes place when diatomic oxygen is exposed to ultraviolet light or electric fields. The exposure leads to the splitting of diatomic oxygen molecules into individual oxygen atoms, that then combine with diatomic oxygen to create ozone. Ozone generation has various applications in the commercial sector including hospitals, laundromats, and nursing homes, among others.
- The increasing adoption of aquaculture owing to their low greenhouse gas emissions as compared to other types of farming and rising requirement for cheap and accessible protein rich food products is aiding the ozone generation market growth. Ozone enhances the quality of aquaculture produce by reducing the microbial activities and nitrite nitrogen (NO2-N), among others.
- The increasing requirement for household appliances due to rising disposable incomes is supporting the market expansion. Household appliances including refrigerators, vegetable washers, and facial steamers, among others use built-in ozone generators or ionisers.
- Rising requirement for wastewater treatment due to increasing industrialisation and population is providing lucrative growth opportunities to the market. Ozone aids in disposal of sludge, eliminates all residual harmful products, and boosts the DO content of the wastewater, allowing the degradation of residual pollutants.
Global Ozone Generation Market Analysis
On the basis of application, the market is divided into wastewater treatment, air treatment, and laboratory and medical treatment, among others. Based on technology, the market is classified inti corona discharge, cold plasma, electrolysis, and ultraviolet.
On the basis of end use, the market is categorised into municipal, industrial, commercial, and residential. Based on region, the ozone generation market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Toshiba Corporation
- Mitsubishi Electric Corporation
- Xylem Inc.
- Veolia Environnement S.A.
- Ebara Corporation
- MKS Instruments
- Primozone Production AB
- COROTEC Corporation
- Metawater. Co., Ltd.
- Ozone Technologies and Systems India Pvt Ltd (OTSIL)
- Others
Market Share by Application
Medical treatment is expected to account for a significant ozone generation market share in the coming years owing to the expansion of the healthcare sector and rising requirement for ozone water and air purification in crowded clinics, nursing homes, and hospitals. The utilisation of medical grade ozone for boosting the immune system promotes healing through the process of cell regeneration. Ozone therapy improves blood circulation, provides protection against invaders such as viruses, fungi, and bacteria, and aids in reducing oxidative stress.
Market Share by Region
North America is anticipated to witness significant growth over the forecast period. This growth can be attributed to the presence of strict environmental regulations pertaining to the quality of air and water in the region. The increasing awareness among the regional population about the various applications and advantages of the process including eco-friendly treatment of wastewater is propelling the ozone generation market demand. The prominent presence of key players of the market including Ozone Technologies and Xylem, among others, is further supporting the market growth in North America.
Competitive Landscape
Toshiba Corporation, headquartered in Tokyo, Japan, is known for providing social infrastructure systems, electronic components, and escalators and elevators, among others. The company is also involved in the marketing and manufacture of information and communication systems, among other advanced electrical products.
Mitsubishi Electric Corporation is one of the leading companies in the marketing and sales of electrical and electronic components used in industrial automation, energy systems, home appliances, and communication systems, among others. The company was founded in 1921 and is headquartered in Tokyo, Japan.
Xylem Inc., headquartered in Washington, United States, is a leading water technology provider, offering services to commercial, residential, agriculture, and utility sectors. The company also specialises in infrastructure asset management, infrastructure analytics, and stormwater management, among others.
Other ozone generation market key players include Veolia Environnement S.A., Ebara Corporation, MKS Instruments, Primozone Production AB, COROTEC Corporation, Metawater. Co., Ltd., and Ozone Technologies and Systems India Pvt Ltd (OTSIL), among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by Technology |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Ozone Generation Market Analysis
8.1 Key Industry Highlights
8.2 Global Ozone Generation Historical Market (2018-2023)
8.3 Global Ozone Generation Market Forecast (2024-2032)
8.4 Global Ozone Generation Market by Application
8.4.1 Wastewater Treatment
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Air Treatment
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Laboratory and Medical Equipment
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Ozone Generation Market by Technology
8.5.1 Corona Discharge
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Cold Plasma
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Electrolysis
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Ultraviolet
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.6 Global Ozone Generation Market by End Use
8.6.1 Municipal
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Industrial
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Commercial
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Residential
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.7 Global Ozone Generation Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Ozone Generation Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Ozone Generation Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Ozone Generation Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Ozone Generation Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Ozone Generation Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Toshiba Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Mitsubishi Electric Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Xylem Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Veolia Environnement S.A.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Ebara Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 MKS Instruments
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Primozone Production AB
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 COROTEC Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Metawater. Co., Ltd.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Ozone Technologies and Systems India Pvt Ltd (OTSIL)
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Ozone Generation Market: Key Industry Highlights, 2018 and 2032
2. Global Ozone Generation Historical Market: Breakup by Application (USD Billion), 2018-2023
3. Global Ozone Generation Market Forecast: Breakup by Application (USD Billion), 2024-2032
4. Global Ozone Generation Historical Market: Breakup by Technology (USD Billion), 2018-2023
5. Global Ozone Generation Market Forecast: Breakup by Technology (USD Billion), 2024-2032
6. Global Ozone Generation Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global Ozone Generation Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global Ozone Generation Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Ozone Generation Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Ozone Generation Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Ozone Generation Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Ozone Generation Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Ozone Generation Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Ozone Generation Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Ozone Generation Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Ozone Generation Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Ozone Generation Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Ozone Generation Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Ozone Generation Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Ozone Generation Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 1.67 billion in 2023.
The market is projected to grow at a CAGR of 6.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 2.88 billion by 2032.
The major market drivers include increasing demand for wastewater treatment and rising applications in the healthcare sector.
The key trends fuelling the growth of the market include rising requirement for household appliances and increasing adoption of aquaculture.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The end uses of ozone generation include municipal, industrial, commercial, and residential.
The key players in the market are Toshiba Corporation, Mitsubishi Electric Corporation, Xylem Inc., Veolia Environnement S.A., Ebara Corporation, MKS Instruments, Primozone Production AB, COROTEC Corporation, Metawater. Co., Ltd., and Ozone Technologies and Systems India Pvt Ltd (OTSIL), among others.
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