Growth in the ozone Technology Market

Article listed below recently hit the news headlines.  I would take caution with this information, while I do believe the ozone industry will grow, I do question some of the data they provide in this information.

Take a close look at the ozone companies they feel are poised for growth, some of these are not major players in the ozone industry and are not on the cutting edge of growth for sure.

The main goal here is to sell a document that may, or may not have relevant information.  Buyer beware on this for sure.

Persistence Market Research: The Ozone Technology Market Will Grow at a CAGR of 8.1% During 2014-2020

NEW YORK–(BUSINESS WIRE)–Ozone Technology: Air and Gas to Witness Highest Growth by 2020. This report states that growing at a CAGR of 8.1% from 2014 to 2020, the global ozone technology market will reach $1242 million in 2020 from US$715.4 million in 2013.

Read full report: http://www.persistencemarketresearch.com/market-research/ozone-technology-market.asp

The global ozone technology market is essentially driven by greater industrialization, greater urbanization, and high incidence of water contamination. Ozone technology is extensively used for air purification, and disinfection of equipment, water, and surfaces. In healthcare, ozone technology is used in therapy of life threatening diseases. The global ozone technology market is segmented on the basis of application and geography. The various application segments include medicine, potable water, air and gas treatment, waste water, industrial water, and other water. The air and gas segment is expected to witness robust growth in the forthcoming years. The advantages of ozonation include cost benefits, high potential for oxidation, absence of toxic by-products, and quicker processing time as against the conventional techniques of disinfection.

Regionally, the ozone technology market is classified into Europe, North America, the Asia Pacific, and Rest of the World. Interestingly, this highly fragmented market is dominated only by a handful of leading industry players. The challenges facing the global ozone technology market are rising incidence of chronic health problems due to unsafe exposure to ozone, high cost of installation, and high power consumption. Growth of the ozone technology market in many countries is also driven by strict implementation of water treatment regulations that focus on modification of water disinfection methods.

The key players operating in the global ozone technology are BWT Group, MKS Instruments, Inc., Xylem Inc., OZOMAX Inc., OZONIA, and DEL Ozone

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