Global Ozone generation Market to reach USD 1 billion by 2027.
Global Ozone generation Market is valued approximately at USD 0.64 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.7% over the forecast period 2021-2027. The rising rate of industrialization majorly in developing countries has been one of the key factors causing water pollution. In order to treat and clean the polluted water and make it secure for drinkable or useable purposes, regulatory departments across various economies have been supporting the use of ozone generation technologies. The increasing need to treat wastewater and conserve natural water and stringent regulations regarding wastewater treatment are the factors which are driving the growth of Ozone generation market. Furthermore, development of ozone generation technologies with rising investment by companies will be anticipating the growth of market in forecasted period. For instance: in July 2020, Ozonetech Systems OTS entered partnered with Lohja Municipality to introduce a pharmaceutical treatment. This will be Finland's first municipality to install advanced technology for eliminating water pollution by ozone generation technology. However, due to a lack of awareness amongst the users regarding the advantages of ozone generation technologies may impede market growth over the forecast period of 2021-2027.

Global Ozone generation market analysis on basis of region which includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is a significant region across the world in terms of market share due to supporting nature of government on ozone generation technologies in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to rapid industrialization which results in demand of wastewater treatment in the region.
Major market player included in this report are:
Mitsubishi Electric Corporation
Toshiba Corporation
Spartan Environmental Technologies
Faraday Ozone
Daikin Industries, Ltd.
Ebara Corporation, Suez
Teledyne API
Corotec Corporation
Ozone Tech Systems OTS AB
Creative Oz-Air (I) Pvt Ltd
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Applications:
Waste Water
Potable Water
Air and Gas Treatment
Medicine
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Ozone generation Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors