Industry Background:
Ozone is one of the strongest commercially available oxidant & employs a vast array of applications. It is a powerful disinfectant that is widely used for water treatment and air purification/treatment in different industries. Ozone generation is also useful for bio-waste treatment & size effluent. In bio-waste treatment, the use of ozone reduces the consumption of energy & chemical treatment that helps in minimizing the overall cost related with bio-waste treatment. Other application of ozone comprise as a sanitizer. Ozone generation sanitizer is a cost effective & ecofriendly solution to normal methods of sanitization where toxic chemicals are used. Ozone generation is used among wide number industries that includes textile, food & beverages, automotive, construction, and semiconductors, paper & pulp industry, as well as pharmaceutical & healthcare.
According to AMA, the market for Ozone Generation is expected to register a CAGR of 7.5% during the forecast period to 2026. This growth is primarily driven by Increasing Need for Clean Drinking Water, Growth in Application of Ozone Technologies and Rapid Urbanization Along With Demographic Growth.
The Gas Utilities sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Mitsubishi Electric Corporation (Japan), Toshiba Infrastructure Systems & Solutions Corporation (Japan), Chemtronics Technologies (India) Pvt Ltd (India), DEL Ozone, Inc. (United States), EBARA Technologies, Inc. (United States), ESCO International (United Kingdom), Fuji Electric Co., Ltd. (Japan), International Ozone Technologies Group, Inc. (United States), Ozocan Corporation (Canada) and Pinnacle Ozone Solutions (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
In European Union, The Biocidal Products Regulations (EU) 528/2012 (BPR) came into force on 1 September 2013. Since 1 September 2013, Ozone is regulated as an “active substance” under the BPR. Under the BPR, anyone wish to market an ozone generator for a Biocidal application within the European Union must have their product authorized according to the BPR. This process first requires an “active substance” dossier with respect of ozone to be submitted by September 2016 & so a specific application for each product to be marketed within the European Union to be submitted by September 2017.
Market Drivers
- Increasing Need for Clean Drinking Water
- Growth in Application of Ozone Technologies
- Rapid Urbanization Along With Demographic Growth
Market Trend
Restraints
- High Installation & Operational Cost
- Low Awareness about Ozone Generators
Opportunities
Ongoing Developments in Ozone Generation Technologies Particularly in Emerging Nations and Growing Needs for Waste Water Treatment in Asia-Pacific Region
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Ozone Generation Study Sheds Light on
The Ozone Generation Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Ozone Generation industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Ozone Generation industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.