Ozone Generator Market 2023 Economic Environmental Analysis and Future Forecast 2030
Ozone Generator Industry The global ozone generator market size is expected to reach USD 1.98 billion by 2030, expanding at a CAGR of 6.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. Rising investments in up-gradation and expansion of wastewater treatment facilities are expected to boost the product demand over the coming years. Prolonged exposure of ozone can cause lung, throat, nose, and eye irritation; shortness of breath; can adversely affect indoor plants, can damage materials including fabrics, electrical wire coating, and rubber; and can exacerbate chronic respiratory diseases, such as asthma. All these factors are expected to restrict market growth over the coming years. The demand for ozone generators in the residential segment is anticipated to witness the highest growth. Ozone can reach every corner of the environment, unlike ultraviolet sterilization, which leaves some places unsterilized. It also leaves no poisonous residue a...