According to a new market report published by Persistence Market Research “Global Market Study on Ozone Technology: Air and gas to Witness Highest Growth by 2020,”
the global ozone technology market was valued at USD 715.4 million in
2013 and is expected to grow at a CAGR of 8.1% from 2014 to 2020, to
reach an estimated value of USD 1,242.0 million in 2020.
Ozone technology is used for disinfecting water, equipment and
surfaces and purifying air. It is also used in therapy of some of the
most fatal diseases such as cancer and human immunodeficiency virus
infection/acquired immune deficiency syndrome (HIV/AIDS). Ozone
technology equipment has promising growth rate in the waste water
treatment equipment, in municipalities, and other water treatment
segment which include swimming pools and spas. This growth is attributed
to the many benefits associated with the technology. High oxidation
potential, quicker processing time compared to other traditional
disinfection techniques, no harmful by-product and long run cost
benefits are some of the major advantages of ozonation.
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The increasing global health concerns due to surge in urbanization,
increasing water contamination and increasing level of
industrialization are driving the ozone technology market globally. The
government expenditure on upgrading water infrastructure has increased
in the past decades across all regions, which are also reflected in the
five year plans of countries. Municipalities are upgrading from
traditional chlorine-based disinfection to UV and ozone technology based
disinfection which has boosted ozone technology market.
The ozone technology market is expected to grow at a CAGR of 8.1%
during 2014-2020. Ozone offers many advantages in terms of higher
overall disinfection capacity and better processing speed for water
disinfection as compared to the other disinfection mediums such as
chlorine and UV, thus making it one of the preferred choices among end
users. Water treatment related regulations in some of the countries are
also compelling water and waste water service establishments to modify
their disinfection techniques to improve safety level of water.
Simple technology and lack of regulatory requirement for ozone
generators in most part of the world lead to emergence of many small
private level regional companies, serving their clients with customized
solutions. However, for large buyers brand image also plays an important
role.
The market is fragmented though there are only few big
international players operating on top (especially in potable water,
other water, industrial water and waste water segments). Most of the
large companies, such as Ebara Corporation and Degrémont, operate
through their subsidiaries. Some of the big players such as Mitsubishi
Electric Corporation have raised the standard of products by introducing
high efficiency and low power ozone equipment in the market.
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The ozone technology market is segmented as follows:
Ozone Technology Market, By Application
- Potable Water
- Wastewater
- Industrial water
- Other waters
- Air and gas
- Medicine
Ozone Technology Market, By Region
- North America
o The U.S.
- Europe
o France
o Germany
o The U.K.
- Asia Pacific
o Japan
o China
- Rest of the World (RoW)
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