Ozone Machines Market, Growth, Size, Share, and Industry Analysis, By Type (>5kg/h, 100 g/h - 5 kg/h, <100 g/h), By Application (Water Treatment, Industrial, Food, Medical, and Others), Covid-19 Impact, Latest Trends, Segmentation, Driving Factors, Restraining Factors, Key Industry Players, Regional Insights, and Forecast To 2030

Updated On: 11 September 2023

Ozone Machines Market Report Overview

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The global ozone machines market size is expected to be USD 517.7 million in 2022 and is expected to touch USD 633.9 million by 2028, at a CAGR of 3.4% during the forecasted period. 

Ozone generators are machines that emit an oxidant named ozone, used for destroying chemical agents and bacteria. The chemical can reach everywhere in the environment, unlike ultraviolet sterilization. Ozone leaves no harmful residues and is produced with simple equipment, and is also used for public transportation such as high-speed railways, airplanes, ships, and buses. The market for ozone machines is expected to grow during the period.

This is due to rising investments in upgrading and expanding wastewater treatment platforms and for rapid development of the hospitality industry. The governments in developed countries such as the U.S., U.K., and France emphasize the need to develop water treatment facilities with innovations and technical development of existing facilities. This is due to population growth and urban migration, which have increased the demand for freshwater for residential and commercial uses. Thus, the need for ozone generators will increase due to these factors.

COVID-19 Impact: Disruption of Supply Chains Restrained Market Growth

The market is expected to see a rapid increase in the supply, production, and need for ozone devices during the forecast period. The global COVID-19 pandemic was unprecedented & staggering, with ozone machines experiencing lower-than-anticipated demand across all regions compared to pre-pandemic times. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels post the pandemic.

The disruption of the supply chain amidst the pandemic restrained the market growth and share of ozone generators, impacting the consumer and industrial demand for the product. The market witnessed a slump in production, leading to losses for manufacturers, industrial players, and investors owing to lockdowns and the closure of industrial activities worldwide. Rising inflation, downward trends in the stock market, and lack of resources were the significant factors that impeded the market growth of ozone generators.

LATEST TRENDS

"Investments in Developed Countries to Propel Market Demand"

The investments made by manufacturers and leading industrial players will drive the market demand for ozone machines worldwide. Significant mergers, acquisitions, collaborations, partnerships, and product launches with innovative technologies worldwide are set to drive the market growth and share of the machines during the forecasted period. This will lead to massive revenue and profit generation for investors and manufacturers worldwide, thus increasing the product market share and demand.

Ozone Machines Market Segmentation

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• By Type

The market is subcategorized into types and consists of >5kg/h, 100 g/h - 5 kg/h, and <100 g/h.

• By Application

The market is subcategorized based on water treatment, industrial, food, medical, and other applications.

DRIVING FACTORS

"Benefits of Chlorination to Drive Market Growth "

Machines use chemical methods such as chlorination to disinfect water, but using such chemicals poses various health and environment-related risks. Thus, the use of chlorine has other disadvantages and is more expensive than ozone generators. However, ozone can be injected appropriately and more effectively than chlorine for disinfection as it is a cost-effective treatment method that does not need storage and transportation. Therefore, adopting these machines is expected due to increasing awareness among people about the benefits of ozone which will drive the ozone machines market growth.

" Environmental Regulations by Agencies to Lead Market Growth"

The increasing regulations by environmental agencies to monitor the maximum permissible limit for disinfection byproducts worldwide will drive the demand for ozone machines during the forecasted period. The harmful effects of chlorination and other disinfectants have posed severe health hazard concerns amongst manufacturers and consumers in the machine market. Therefore, the rise in awareness and the high demand for ozone generators will drive the market share of investors and industrial players in developed regions.

 RESTRAINING FACTORS

"High Installation and Maintenance Costs Will Impede Market Growth"

High costs incurred in the wastewater pretreatment process and high energy requirements to carry out the wastewater process increase the operating expenses of ozone generators. The installation of ozone generators and the machines' operational and maintenance costs are high compared with other disinfection techniques. The capital costs and maintenance expenditures are not competitive with other alternatives. Ozone is thus used where options are ineffective cautiously, thus impeding the market growth and share of the product.

Ozone Machines Market Regional Insights

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"Asia Pacific to Lead Market Share Owing to Rising Production Capabilities"

The Asia Pacific region will lead the ozone machines market share due to major industrial players in developing countries such as China. The rapid technology innovation, the rising production capacity of the region, and the increasing disposable income of these countries will significantly affect the market, thus driving the market share of investors and manufacturers. The region's affordable resource costs are also significant factors influencing the market growth of ozone generators.

KEY INDUSTRIAL PLAYERS

"Technological Innovations Amongst Players to Drive Market Growth"

The report analyzes various leading market players in the industry, and the information is published after research, analysis of trends, key industry developments, initiatives, and technological developments and innovations. The report also includes research on companies, technical outcomes, and newly emerging industries' impact and risks. After a comprehensive analysis, the study considers all the points, thus generating future possibilities for the ozone generator market. Therefore, the factors specified in the report are subject to manipulation as the dynamics and situation of the market change.

List of Market Players Profiled

• Wedeco (Xylem) {Germany}
• OZONIA (Suez) {France}
• Nippon Photoelectricity Equipment (China)
• MKS (U.S.)
• Newland EnTech (Spain)
• Koner (U.S.)
• Qingdao Guolin Industry (China)
• Metawater (Japan)
• Tonglin Technology (China)
• Jiuzhoulong (China)
• Mitsubishi Electric (Japan)
• Primozone (Sweden)
• Taixing Gaoxin (China)
• Hengdong (China)
• Sankang Envi-tech (India)

INDUSTRY DEVELOPMENT

April 2021: Wedeco (Xylem), the leading ozone machine manufacturer, delivered a containerized ozone plant for Renewcell's dissolving pulp mill in Sweden, which recycled textile waste such as cotton clothes. Wedeco's ozone technology helped the mill produce dissolving pulp with limited chemicals and met local environmental regulations. This development significantly affected the company's market share, leading to profits and revenue generation.

REPORT COVERAGE

The report examines elements that will affect the demand & supply and estimate dynamic forces for the forecasted period. After evaluating the market factors, the report provides an extensive, comprehensive SWOT analysis. The information estimates all the factors mentioned, taken into consideration after thorough research. The report also includes information on segmentation, market trends and the latest worldwide developments, key industry mergers and acquisitions, and an analysis of the risks of the ozone generators industry. The report lists the worldwide leading industrial players and the regions that will experience growth during the forecast period.