Ozone Generator Market worth $1.4 billion by 2025 - Exclusive Report by MarketsandMarkets

CHICAGO, Sept. 24, 2020 /PRNewswire/ -- According to the new market research report "Ozone Generator Market by Technology (Corona Discharge, Ultraviolet Radiation, Radiochemical, Electrolysis), Application (Water Purification, Air Purification, Food Processing, Organic Synthesis, Others), Region - Global Forecast to 2025", published by MarketsandMarkets, the global Ozone Generator Market is projected to grow from USD 1.0 billion in 2020 to USD 1.4 billion by 2025, at a CAGR of 6.2% during the forecast period 2020 to 2025. The market growth is driven by the advantages of ozone over other alternatives for disinfection along with formulation of stringent laws & regulations for wastewater treatment and recovery & reuse of wastewater generated from industries and municipalities.

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Browse in-depth TOC on "Ozone Generator Market"
95 - Market Data Tables
42 - Figures
200 - Pages

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The water purification segment accounted for the largest share of the Ozone Generator Market in 2019

By application, the water purification segment accounted for the largest market share in 2019. Ozone generators are widely used for water disinfection, purification, and de-colorization in water & wastewater treatment plants, swimming pools, cooling towers, and drinking water. Stringent laws & regulations implemented by the environmental bodies and governments for water & wastewater treatment are expected to propel the growth of the water purification segment. The water purification segment led the Ozone Generator Market in 2019 and is projected to have a higher demand in the coming years.

The Corona discharge segment accounted for the largest share of the Ozone Generator Market in 2019.

By technology, the Corona discharge segment accounted for the largest share of the Ozone Generator Market in 2019. Corona discharge ozone generator is used for both industrial and commercial applications. The growth can be attributed to the advantages of corona discharge technology over other materials. This technology is cost-effective and has comparatively low maintenance.