Ozone Generation Market Report and Forecast 2025-2034

The global ozone generation market size reached approximately USD 1.67 Billion in 2024. The market is further projected to grow at a CAGR of 6.20% between 2025 and 2034, reaching a value of USD 3.05 Billion by 2034.

Key Trends in the Market

The creation of ozone takes place when diatomic oxygen is exposed to ultraviolet light or electric fields. The exposure leads to the splitting of diatomic oxygen molecules into individual oxygen atoms, that then combine with diatomic oxygen to create ozone. Ozone generation has various applications in the commercial sector including hospitals, laundromats, and nursing homes, among others.

• The increasing adoption of aquaculture owing to their low greenhouse gas emissions as compared to other types of farming and rising requirement for cheap and accessible protein rich food products is aiding the ozone generation market growth. Ozone enhances the quality of aquaculture produce by reducing the microbial activities and nitrite nitrogen (NO2-N), among others.
• The increasing requirement for household appliances due to rising disposable incomes is supporting the market expansion. Household appliances including refrigerators, vegetable washers, and facial steamers, among others use built-in ozone generators or ionisers.
• Rising requirement for wastewater treatment due to increasing industrialisation and population is providing lucrative growth opportunities to the market. Ozone aids in disposal of sludge, eliminates all residual harmful products, and boosts the DO content of the wastewater, allowing the degradation of residual pollutants.

Global Ozone Generation Market Segmentation

Ozone Generation Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Breakup by Application

• Wastewater Treatment
• Air Treatment
• Laboratory and Medical Equipment
• Others

Breakup by Technology

• Corona Discharge
• Cold Plasma
• Electrolysis
• Ultraviolet

Breakup by End Use

• Municipal
• Industrial
• Commercial
• Residential

Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Share by Application

Medical treatment is expected to account for a significant ozone generation market share in the coming years owing to the expansion of the healthcare sector and rising requirement for ozone water and air purification in crowded clinics, nursing homes, and hospitals. The utilisation of medical grade ozone for boosting the immune system promotes healing through the process of cell regeneration. Ozone therapy improves blood circulation, provides protection against invaders such as viruses, fungi, and bacteria, and aids in reducing oxidative stress.

Market Share by Region

North America is anticipated to witness significant growth over the forecast period. This growth can be attributed to the presence of strict environmental regulations pertaining to the quality of air and water in the region. The increasing awareness among the regional population about the various applications and advantages of the process including eco-friendly treatment of wastewater is propelling the ozone generation market demand. The prominent presence of key players of the market including Ozone Technologies and Xylem, among others, is further supporting the market growth in North America.

Competitive Landscape

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

Toshiba Corporation

Toshiba Corporation, headquartered in Tokyo, Japan, is known for providing social infrastructure systems, electronic components, and escalators and elevators, among others. The company is also involved in the marketing and manufacture of information and communication systems, among other advanced electrical products.

Mitsubishi Electric Corporation

Mitsubishi Electric Corporation is one of the leading companies in the marketing and sales of electrical and electronic components used in industrial automation, energy systems, home appliances, and communication systems, among others. The company was founded in 1921 and is headquartered in Tokyo, Japan.

Xylem Inc.

Xylem Inc., headquartered in Washington, United States, is a leading water technology provider, offering services to commercial, residential, agriculture, and utility sectors. The company also specialises in infrastructure asset management, infrastructure analytics, and stormwater management, among others.

Other ozone generation market key players include Veolia Environnement S.A., Ebara Corporation, MKS Instruments, Primozone Production AB, COROTEC Corporation, Metawater. Co., Ltd., and Ozone Technologies and Systems India Pvt Ltd (OTSIL), among others.