NEW YORK, Sept. 23, 2020
The global ozone generation market is set to experience a massive growth during the recent years. Asia-Pacific region is going to dominate the market. Leading players are focusing on further development of the industry by developing new strategies.
NEW YORK, Sept. 23, 2020 /PRNewswire/ -- Research Dive has published a new report titled, "Ozone Generation Market, by Technology (Corona Discharge, Cold Plasma, Electrolysis and Ultraviolet), Application (Industrial, Potable water treatment, Municipal, Air Treatment and Others), Regional Outlook (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2018–2026".
The Global Ozone Generation Market generated a revenue of USD 1,053.0 Million in 2018 and is expected to enhance the revenue to USD 1,624.6 Million by 2026 at a CAGR of 5.2% in the upcoming years.
Asia-Pacific Ozone Generation Market was accounted for USD 413.8 Million in 2018 which is further predicted to grow at a CAGR of 7.3% during the forecast period. The shortage of water among the urban population because of urbanization and industrialization is predicted to boost the market in the forecast period.
Key Segments of the Market
The report has segmented the global ozone generation market based on technology, application, and regional outlook.
COVID-19 Impact Analysis on Global Ozone Generation Market: Global Opportunity Analysis and Industry Forecast, 2018–2026 – Request to Download Analysis Sample Report
Driving Factors of Growth of Ozone Generation Market:
One of the most powerful disinfectants, ozone is mostly used for water treatment in different industries. The major driving factor behind this market growth is the necessity of clean and pure water for various household purposes.
The expensive cost of the ozone generators installation is one of the major restraint behind the growth of the market.
Top 10 Key Players of Ozone Generation Market:
The report enlists the leading players of the market which include
1. Toshiba Infrastructure Systems & Solutions Corporation
2. Dayton Water Systems
3. Chemtronics Co. Ltd
4. Absolute Systems.
5. Custom Molded Products LLC
6. Mitsubishi Electric Corp.
7. EBARA Technologies Inc.
8. ESCO International
10. International Ozone
The report also discusses the other vital aspects of the market including fiscal performance of the key players, product portfolio, SWOT analysis, and recent tactical developments. Quick Download Top 5 Companies Development Strategies Summary Report [75 pages]
Porter's Five Forces Analysis for Ozone Generation Market:
The bargaining power of suppliers is very High.
The bargaining power of consumers is Low.
The threat of new entrants is High.
The threat of substitutes is Low.
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