Global Ozone Generation Technology Market 2016-2020
Ozone consists of three molecules of oxygen atoms; in other words, it is a triatomic form of oxygen. Though ozone is present in the atmosphere, it is an unstable and reactive gas. In an ozone generator, the ambient air is pulled into the chamber. A filter placed within the generator, prevents dust and other foreign particles from entering the core of this chamber. A fan inside the chamber accelerates the speed at which the air is circulated within the unit. Inside the chamber, a high-voltage corona mechanism converts the oxygen (O₂) to ozone (O¬₃). A stainless steel grill protects the ozone from human intervention. In the last stage, ozone exits the machine where it oxidizes harmful contaminants and odors/smoke to purify water and air.
Technavio’s analysts forecast the global ozone generation technology market to grow at a CAGR of 8.07% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global ozone generation technology market for 2016-2020. To calculate the market size, the report considers the revenue garnered by ozone generator vendors. The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Ozone Generation Technology Market 2016-2020
Technavio recognizes the following companies as the key players in the global tightening cream market: Degrémont, EBARA, Fuji Electric, Mitsubishi Electric, and Toshiba.
Other prominent vendors in the market are: DEL Ozone, Bharat Light Machine, Pacific Ozone Technology, Absolute Systems, International Ozone Technologies, Ozocan Corporation, Primozone, Chemtronics, ORAIPL, METAWATER, Xylem Water Solutions, Ozonia, and ESCO International.
Commenting on the report, an analyst from Technavio’s team said: “Demand for water and air treatment in emerging countries will be one of the major trends in the market.”
According to the report, the need for potable water will be one of the major factors that will drive the growth of the market.
Further, the report states that lack of awareness about ozone generation technology will be one of the major challenges influencing market growth.
Degrémont, EBARA, Fuji Electric, Mitsubishi Electric, Toshiba, DEL Ozone, Bharat Light Machine, Pacific Ozone Technology, Absolute Systems, International Ozone Technologies, Ozocan Corporation, Primozone, Chemtronics, ORAIPL, METAWATER, Xylem Water Solutions, Ozonia, ESCO International.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook