The ozone generator market is projected to grow at a CAGR of 4.84% to reach US$302.729 million in 2023 from US$228.21 million in 2017.
The increasing focus on reducing the emission is significantly driving the ozone generator market growth. Furthermore, the growing industry verticals are further increasing the market potential of these solutions during the forecast period. However, the perceived negative health effect of using ozone is negatively impacting the growth of the market.
Major industry players profiled as part of the report are OION Technologies, Mitsubishi Electric Corporation, and Daikin Industries, Ltd among others.
The ozone generator market has been analyzed through the following segments: