Ozone Generation Market: Current Analysis and Forecast (2023-2030)

Ozone generation is the process through which ozone (O3) is formed, resulting from the interaction of oxygen (O2) with other chemicals or radiation. Ozone gas consists of three oxygen atoms (O3) and is a major component of the Earth's stratospheric ozone layer, which serves as a shield against the dangerous ultraviolet (UV) radiation from the Sun.

The ozone generation market is expected to grow at a steady rate of around XX% owing to the increased use in food processing and packaging applications. Ozone possesses potent antimicrobial properties, making it highly effective in eliminating pathogens, mold, insects, and other contaminants from food production and storage facilities. Additionally, ozone has been scientifically proven to rapidly eliminate dangerous foodborne pathogens such as E. coli, Salmonella, and Listeria. Post-harvest ozone treatment of fruits and vegetables is effective in reducing their microbial load, thereby decreasing the chances of potential contamination and foodborne illness outbreaks, thereby providing enhanced safety for consumers. The FDA and USDA have officially approved the use of ozone as an antimicrobial agent in food. Ozone adoption for food safety applications is accelerating based on FDA/USDA approvals, increased corporate investment, and wider industry incorporation. For instance, Ozone equipment revenue at Xylem, a leading supplier, grew 9% in 2021 to USD 95 million. Moreover, In 2020, Tyson Foods invested USD 500 million to deploy ozone technology across 35 production sites, according to corporate statements. This growth has been driven by major meat processors such as Tyson Foods. Furthermore, the Food and Drug Administration (FDA) has granted over 60 approvals for the use of ozone in direct food contact, indicating growing regulatory momentum for this technology. Therefore, the increased use in food processing and packaging applications drives the ozone generation market.

Based on technology, the market is divided into ultraviolet, cold plasma, and corona discharge & electrolytic. The corona discharge & electrolytic segment dominated the market in 2022 and is expected to show the same fashion in the forecast period. The corona discharge method has the highest ozone productivity, it is used for this research with dielectric barrier discharges. The corona discharge method of ozone production has seen an increase in demand due to its ability to generate higher concentrations and larger volumes of ozone than the ultraviolet method. These higher ozone levels are beneficial in applications such as water treatment, food processing, and medical sterilization. Additionally, the Corona Discharge Method is advantageous due to its flexibility in ozone concentration control. By adjusting the discharge voltage and frequency, users can modify the ozone output to fulfill specific requirements. This capability renders it an ideal selection for applications requiring accurate ozone dosing, such as swimming pool water treatment and air purification systems.

Based on application, the market is categorized into wastewater treatment, air purification, food and beverage, and medical equipment. The medical equipment segment generated the highest revenue in 2022 and is expected to showcase the same trend in the forecast period due to the increased utilization for sterilization purposes. Ozone is an effective antimicrobial agent, capable of killing bacteria, viruses, and other pathogens, making it ideal for the sterilization of medical instruments, equipment, and surfaces. The advantages of ozone in this context include its broad-spectrum efficacy, its ability to penetrate inaccessible areas, and its rapid action. With the advancement of technology, efforts are being undertaken to enhance the efficacy and safety of ozone sterilization processes, to create compact and portable ozone generators, and to implement ozone monitoring and control systems in medical equipment.

Based on end-users, the market is divided into industrial, residential, and municipal. The industrial segment dominated the market in 2022 and is expected to showcase the same trend in the forecast period due to the rapid expansion of industries and the growing dependence on ozone generation. The high demand for ozone in industrial applications is driven by its effectiveness in removing contaminants and improving the quality of water and other liquids. Ozone is also utilized for the production of various chemicals and materials like polyurethane foams and polycarbonate resins. Moreover, ozone is employed in the treatment of wastewater and sludge as well as the disinfection of surfaces and equipment. Moreover, recent advancements in the field of ozone generation are revolutionizing processes, such as the development of state-of-the-art ozone generators as well as the implementation of advanced sensors and control systems to maximize ozone production and utilization.

For a better understanding of the market adoption of the shipbuilding industry, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, and Rest of North America), Europe (Germany, U.K., France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. The North American ozone generation market dominates the market and is expected to behave in the same fashion in the forecast period due to strict environmental restrictions regarding water and air quality, especially in the United States and Canada. The high demand for ozone generation in North America is largely attributed to its efficacy in removing contaminants and improving water quality, as well as its applicability to a variety of water sources, including drinking water, wastewater, and industrial effluent. This demand is further fueled by the presence of industries such as agriculture, mining, and manufacturing, which require ozone generation technology in order to fulfill their water treatment needs. Additionally, technological advancements in North America, such as the development of novel and more effective ozone generators, advanced sensors and control systems, and portable ozone generators, have been driving the demand for this technology.

Some of the major players operating in the market include: Daikin Industries, Ltd., Fuji Electric Co., Ltd., Evoqua Water Technologies LLC, Ebara Corporation, Mitsubishi Electric Corporation, MKS Instruments, Toshiba Corporation, XyleM, Teledyne Technologies, and Electrolux.