Global Ozone Generator market trends 2024, Forecast To 2033

The ozone generator market has shown substantial growth, expanding from $1.44 billion in 2023 to $1.54 billion in 2024, with a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period is attributed to rising concerns about air and water pollution, increased demand for water treatment and purification, adherence to stringent environmental regulations and standards, expanded applications in industrial and municipal sectors, and the need for effective odor and VOC control. Expecting strong growth in the next few years, the market is projected to reach $2.08 billion in 2028, reflecting a CAGR of 7.7%. The anticipated growth is driven by factors such as the adoption of ozone generators for aquaculture and fish farming, integration of ozone technology in laundry and textile industries, expansion of ozone therapy in wellness and medical spa settings, emphasis on ozone treatment in pharmaceutical and biotech industries, and the growing demand for ozone generators in HVAC and air purification. Major trends in the forecast period include modular and scalable ozone generation systems, advancements in electrode and dielectric materials, ozone generation using pulsed corona discharge (PCD), integration of IoT and remote monitoring, and the application of ozone in wastewater treatment.