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The global ozone generation technology market size is expected to reach USD 1,772.8 Million in 2028 and register a CAGR of 6.8% over the forecast period, according to latest analysis by Emergen Research. Market revenue growth is primarily driven by increasing industrial activities in developing countries and rising scarcity of fresh drinking water globally. Rising need for more effective treatment of water and wastewater is boosting demand for ozone generation technology. Each year, industries generate approximately 300–400 million tons of waste, which includes solvents, micropollutants, heavy metals, toxic sludge, and recalcitrant organics, all of which pose a significant threat to human health. Ozone is one of the most powerful natural germicidal and purifying substances with antibacterial properties, which is boosting its application for the treatment of water and wastewater. Ozone offers a cost-effective and sustainable alternative to chlorine, which is resulting in increasing popularity of ozone generation technology.
Market Size – USD 1,055.3 Million in 2020, Market Growth – at a CAGR of 6.8%, Market Trends – Emergence of ozone-based advanced oxidation processes
Emergence of ozone-based advanced oxidation processes is expected to boost market growth during the forecast period. Ozone-based advanced oxidation processes have higher treatment efficiency and help render other previously non-degradable water pollutants harmless. Benefits offered by ozone-based advanced oxidation processes are fueling the use of ozone in applications beyond water and wastewater treatment.
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Some Key Highlights from the Report
Some major companies included in the company profile section of the global market report are SUEZ, Ebara Corporation, Fuji Electric Co., Ltd., Mitsubishi Electric Corporation, Toshiba Corporation, Primozone Production AB, METAWATER Co., Ltd., Xylem Inc., ESCO International, and Chemtronics.
The research study sheds light on the key growth opportunities and market trends along with other vital market dynamics, including the drivers and restraints on the industry growth. With this report, the prospective buyers can be sure to become capable of adapting to the changes in the Ozone Generation Technology industry.
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The study has been conducted on the basis of inputs from the industry leaders. Thus, a conscious effort to dive deep and unearth hard to find information pertaining to the growing market landscape and growth prospects over the next few years is clearly visible in the study. The market intelligence report further comprises of discussions about the major vendors operating in the Ozone Generation Technology space
Global Ozone Generation Technology Market Geographical Landscape – Synopsis:
The report closely studies the growth trajectory of the global Ozone Generation Technology Market . It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
Overview of the Ozone Generation Technology Market Report:
The study elaborates on the crucial information pertaining to the regional Ozone Generation Technology share. It simultaneously focuses on the significant details about the growth patterns of each regional market.
Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.
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