Ozone Generator Market is Probably Aiming to Record a 6.4% CAGR Through the Forecast Period of 2022-27

According to the recent report published by MarkNtel Advisors, the Global Ozone Generator Market is projected to register a CAGR of around 6.4% during the forecast period, i.e., 2022-27. The market growth is fueled by the considerably growing population, enormous industrial expansions, and constant environmental exhaustion. All these aspects are negatively impacting the ozone layer of the planet and gushing the requirement for a parallel environment in indoor spaces using ozone generators.

The report further states that ozone generators aid in oxidizing and eliminating the bacteria, viruses, fungi, etc., from the water much more swiftly and efficiently as compared to chlorine & bromine, hence the rising concern of water scarcity globally and the emerging need for suitable water treatment are also driving the Global Ozone Generator Market.

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Talking about the market competitors, Corotec Corporation, Daikin Industries Ltd, DEL Ozone, Electrolux AB, Lenntech, METAWATER, Mitsubishi Electric Corporation, Ozone Tech Systems, Ozonetek Limited, Ozone Solutions Inc., Primozone, Pinnacle Ozone., Primozone Production AB (Westfal-Larsen Technology), Sun-Belt USA, Toshiba Corporation, and Others are the leading ones in the Global Ozone Generator Market.

Analyzing the Market Segmentation of the Global Ozone Generator Market

·         By Technology (Ultraviolet, Cold Plasma, Corona Discharge, and Electrolytic)

·         By Application (Water Treatment (Wastewater, Potable Water, and Swimming Pool), Laboratory & Medical Equipment, Air Treatment, and Others (Aquaculture, Food Processing, etc.))

·         By End-User (Commercial, Municipal, Industrial, and Residential)

·         By Region (North America, South America, Europe, Middle East & Africa, and Asia-Pacific)

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The Municipal segment acquired the largest share in the Global Ozone Generator Market in the historical period and is prospected to aid the market growth during 2022-27. The market growth is accredited to the increasing cases of water contamination coupled with the rising focus of governments and municipalities to tackle such issues through the escalated number of water treatment activities. This is impacting the demand for ozone generators positively given their tremendous oxidant properties for the treatment and purification of water by killing bacteria & viruses. Moreover, since the accessibility to potable water for everyday deeds is quite important to people, municipal corporations of several countries are progressively using these generators for water treatment and other applications such as disinfection of bottles treatment before consumption. All these aspects are likely to open new prospects for the growth of the market during 2022-27.

North America is likely to capture a big chunk of share and lead in the Ozone Generator Market across the world through 2022-27. This is predominantly attributed to the swift industrialization in various countries of the region that is exhibiting a growing establishment of industries producing substantial waste, pollution, and other emissions, thus augmenting the demand for ozone generators to construct a healthier environment. Moreover, the rising amount of population prioritizing health and wellness in the region along with the widespread availability of significant ozone generator manufacturers launching new varieties is also enhancing the regional market growth.

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