Ozone is naturally found within the upper layer of the atmosphere and is a triatomic form of oxygen. Ozone technology market has attained broad acceptance in recent years, especially in emerging economies, where governments aim to provide clean drinking water owing to the rise in water pollution. Ozone presents a number of benefits such as enhanced processing speed during disinfection of water in comparison to other disinfectants such as UV and chlorine, and provides greater overall disinfection capacity. In addition, its greater oxidation potential, the lack of harmful byproducts, and long term cost advantages are amongst the other key factors fuelling the demand for ozone technologies.
Ozone Technology’s Lucrative Growth in Wastewater Treatment Equipment to fuel the Market
Ozone technology is utilized in a large number of manufacturing industries including healthcare, pharmaceutical, and food and beverages. Ozone is commonly utilized for disinfecting equipment and water and for sanitizing air. Thus, ozone technology has lucrative growth prospects in the wastewater treatment equipment sector in industries and in other wastewater treatment within commercial segments including spas, swimming pools, etc. This is due to the fact that ozone is a strong oxidant as well as disinfectant and is utilized for disinfecting potable water, algae removal and destruction, manganese and iron oxidation, cyanide and nitrite destruction, and odor and taste control. It also lowers the presence of bacteria, pathogens, and viruses in water and in other healthcare facilities.
Sterilizing Properties of Ozone to Propel Global Ozone Technology Market
Ozone technology is also used in municipalities for sewage treatment, as municipalities have upgraded from the conventionally used chlorine-based disinfectants to ozone-based technology. Ozone technology market is also utilized for therapy in diseases such as AIDS and cancer, and for the treatment of bio-waste. It is utilized for container sterilizing for aseptic packaging, for preservation of food within cold storages, and for fresh produce decontamination. A large number of factors are stimulating the demand for ozone technologies, such as the increasing requirement for the conservation of natural water and treatment of waste water. In addition, supportive regulatory norms have also played a great part in fuelling the ozone technology market. The upgrading of water infrastructure by the government in the past ten years has positively affected the ozone technology market. Moreover, increase in the level of industrialization and rising water contamination in developing countries are further fuelling the ozone technology market globally.
Soaring Cost of Installation and Increase in Power Consumption may Impede Market
On the other hand, the power consumption by ozone technology devices, soaring installation cost, and increase in chronic health issues due to prolonged exposure to ozone are amongst the key factors impeding the ozone technology market. The overall ozone technology market is fragmented in nature, particularly in the potable water, industrial water, waste water, and other water segments. To overcome this, the manufacturers have been focusing on making reduced power ozone equipment with greater efficiency.
They key players operating in the ozone technology market include Mitsubishi Electric Corporation, Norland International, Inc., DEL Ozone, EBARA Corporation, OZONIA, Xylem Inc., ClearWater Tech, LLC., OZOMAX Inc., BWT Group, and MKS Instruments, Inc., among others.
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