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Technavio’s market research analysts predict the global ozone generation technology market to grow steadily during the next four years and post a CAGR of about 8% by 2020. This industry research report identifies industrialization to be one of the major factors that will have a positive impact on the growth of this market in the coming years. The growing industrialization across the world has resulted in the increased production of goods and also improved the standards of living, which in turn, led to the increased demand for water. The lack of adequate quantity of clean water to meet the rising demand, will make it necessary to recycle and reuse the available water. This will drive the demand for ozone generators, since they improve the quality of water by disinfecting it and will also make it suitable for domestic and industrial use.
The development of containerized ozone generators, will be one of the major factors that will gain traction in the market during the next four years. The presence of a large number of players in the market will intensify market competition and will lead to the introduction of new technologies such as containerized ozone generators. In addition to eliminating the need for expensive construction or ventilation systems, containerized systems also offer several other advantages such as minimized commissioning and installation time on project sites and modular expansion making it the ideal solution for outdoor installation requirements.
This global market is currently at its growth stages and will witness the entry of several new players. Well-established ozone generator manufacturers dominate the market in the developed countries in regions such as the Americas and EMEA. Simple technology and the lack of regulatory framework will lead to the emergence of many small, local, and regional vendors who will provide customized solutions. This will further intensify the level of competition among existing vendors. Additionally, the increased support from governments across the globe, that will attract several more vendors to benefit from the market’s growth potential, will also drive the competition among vendors in this global market. Well established vendors will also start acquiring new entrants and regional vendors, which will help them to extend their customer base and also improve their global presence.
The leading vendors in the market are -
The other prominent vendors in the market are DEL Ozone, Bharat Light Machine, Pacific Ozone Technology, Absolute Systems, International Ozone Technologies, Ozocan Corporation, Primozone, Chemtronics, ORAIPL, METAWATER, Xylem Water Solutions, Ozonia, and ESCO International.
Accounting for major market shares, the drinking water segment will dominate the market throughout the next four years. The is mainly due to the constantly increasing demand for ozone water treatment from the developed countries across the globe. New drinking water regulations and stringent cut-offs for contaminant levels that were introduced to minimize water contamination and the associated risks, will bolster the market’s growth prospects.
This market research and analysis estimates that in terms of geographical regions, EMEA will be the major revenue contributor to the market throughout the next four years. Factors such as the high penetration of ozone water purification technology and the introduction of stringent water treatment regulations that induce wastewater facilities to modify their disinfection techniques, will drive the growth of the market in this region.
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The ozone generator is a device which produces ozone using oxygen that is present in the air. Since oxygen (O2) is effortlessly convertible to ozone (O3), ozone is also known as ‘enhanced oxygen.’ Ozone generators are available in different sizes and can be used in various ways. Generators that are used for simple purposes, such as to purify the air in a car, are specially designed to support small DC units. In a large industrial setting like the municipal water treatment system, high power ozone generator is used to purify millions of gallons of water per day. Few of the key vendors identified in this market space include Degremont, Bar tech, and Fuji Electric.
The report, global ozone generation technology market, is part of Technavio’s energy research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as energy storage, power, oil and gas, smart grid, and waste and waste management. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Market segmentation by geography
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: Explore Technavio
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