Global Ozone Generation Market was valued at $880 million in 2016, and is expected to reach at $1,486 million by 2023, registering a CAGR of 7.4% from 2017 to 2023.
Rise in need for clean drinking water, increase in usage of ozone technologies, and rapid urbanization & demographic growth drive the market. Development in ozone generation technologies particularly in emerging countries, is expected to create opportunities in the market.
Key market players have adopted merger as their key strategy to widen their brand portfolios and expand their market reach.
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Asia-Pacific possesses maximum potential for growth in the global ozone generation market, on account of the high demand from emerging economies.
The European countries, such as Germany, UK, and France, are expected to witness high demand for ozone generation, owing to stringent regulations in water treatment frameworks under the European Commission.
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