Ozone is a naturally occurring substance and it is one of the powerful oxidizing and disinfecting agents. In 1839 ozone was first made in the laboratory by German scientist Christian Friedrich Schonbein. Nowadays various chemicals are used in the treatment of microbial contamination but these chemicals are harmful to human health and the environment. So, there is a need for alternative technology like Ozone technology which is effectively used for the treatment of microbial contamination. Ozone technology is a non-thermal method for extending the shelf life of food means it preserves and improves the quality of food. In addition to this several benefits of ozone on the body such as stimulating white blood cells, strengthening the immune system, and preventing infections and the immune system by destroying bacteria, fungi, and viruses. It also helps red blood cells to transport oxygen and is used in the treatment of various diseases like cancer. These factors propel the growth of the ozone technology market.
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Major Key Players for Ozone Technology Market:
- BWT Group
- MKS Instruments
- ClearWater Tech
- DEL Ozone
- Norland International
- Mitsubishi Electric
- Pacific Ozone Technology
Market Dynamics and Factors:
Growing population, rising urbanization, and industrialization in the world are the factors responsible for to increase in the contamination of water and pollution air. So, there is a need for removing the contamination and purification of water and air. This factor can boost the market for ozone technology. Rising awareness regards the benefits of ozone technology such as its having disinfectant properties, prevention of infections, long-run cost, quicker processing time, does not produce any harmful by-products. These benefits help to increase the demand for the market ozone technology. Rising the investment of several governments in the ozone technology because this technology is effectively used in the treatment of chronic diseases such as AIDS, and cancer, which support the growth of the market in the forecasted period. During the treatment of chronic diseases, sometimes there is the risk of unsafe exposure to ozone, which restricts the growth of the market. Ozone technology requires a high cost for installation and consumes the high power that hampering the market growth.
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Ozone Technology Market Report Highlight:
- By type, the ultraviolet method segment is expected to have the maximum market share in the ozone technology market during the projected period. The ultraviolet method is used in many industries and the healthcare sector for the disinfection process, which helps to increase the market.
- By application, the industrial segment is expected to hold the maximum ozone technology market share over the forecast period. Growing industrialization across the world boosts the market for ozone technology
- By Region, Asia Pacific is expected to dominate the ozone technology market, during the projection period. Rising pollution due to a growing number of industries, and a large number of healthcare sectors, that increase the demand for ozone technology helps to propel the growth of the market in the forecast period.
Key Industry Development:
In March 2021, SUEZ announced a new ozone generator. The name of this generator is Ozonia L, it delivers large-scale ozone production. The features of the product have to maximize energy efficiency and minimize the cost of ownership.
In July 2020, Lohja Municipality had made a partnership with Ozonetech Systems OTS AB to implement pharmaceutical treatment. Lohja became the first municipality in Finland to install advanced treatment technology to eliminate micropollutant emissions into the environment.
Ozone Technology Market Segmentation:
- Electrolysis Method
- Nuclear Radiation Method
- Ultraviolet Method
- Potable Water Treatment
- Air Treatment
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For this report, Introspective Market Research has segmented the Ozone Technology Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
- North America
- The U.S.
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- Latin America
- Rest of LATAM
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Scope of the Report:
The report encompasses the entire analysis of market size in previous years for major segments and countries, as well as future estimates. The Ozone Technology Market study looks deeply into the worldwide market’s competitive landscape. The study also provides the names of key market players and the methods they used to gain a dominant position in the industry. It also includes useful market insights, dynamics and factors, and market analysis techniques such as PESTEL analysis, PORTER’s Five Forces analysis, value chain analysis, SWOT analysis, BCG matrix, and Ansoff matrix.
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