Ozone Generators Market Growth Drivers, Key Companies and Industry Forecast 2023-2028

IMARC Group has recently released a new research study titled “Ozone Generators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

How big is the ozone generators market?

The global ozone generators market size reached US$ 1.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.6 Billion by 2028, exhibiting a growth rate (CAGR) of 6% during 2023-2028.

What is the ozone generators?

Ozone generators refer to the devices that produce ozone for the treatment, disinfection, and purification of air and water. These generators can generate ozone in amounts ranging from a few milligrams to hundreds of kilograms. Their type and capacity depend on several factors, such as running time, required ozone dosage, concentration, etc. Ozone generators find extensive applications in the industrial water-treatment, water-purification, and food and beverage (F&B) sectors to enhance the overall shelf life of products and reduce the risk of cross-contamination. They are also used in the chemical industry for minimizing energy during the bleaching process.

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Elevating levels of industrialization and urbanization have resulted in deteriorating air quality across the globe. Moreover, the rising emissions of greenhouse gases and other ozone-depleting substances are destroying the stratospheric ozone layer and causing an upsurge in various health problems. This is primarily driving the demand for air purification systems, such as ozone generators. Furthermore, the governing bodies across several countries are increasingly investing in the upgradation of wastewater treatment facilities to improve the quality of water, which is further catalyzing the sales of ozone generators.

Moreover, various key market players are engaging in merger and acquisitions (M&A) activities to expand their product portfolios, which is projected to fuel the global market for ozone generators in the coming years. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026.

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