Learn Details Of The Ozone Technology Market Will Be Valued At USD 1,242.0 million By 2020
Verfasser: yogesh on Wednesday, 5 December 2018According to a new market report published by Persistence Market Research “Global Market Study on Ozone Technology: Air and gas to Witness Highest Growth by 2020,” the global ozone technology market was valued at USD 715.4 million in 2013 and is expected to grow at a CAGR of 8.1% from 2014 to 2020, to reach an estimated value of USD 1,242.0 million in 2020.
Ozone technology is used for disinfecting water, equipment and surfaces and purifying air. It is also used in therapy of some of the most fatal diseases such as cancer and human immunodeficiency virus infection/acquired immune deficiency syndrome (HIV/AIDS). Ozone technology equipment has promising growth rate in the waste water treatment equipment, in municipalities, and other water treatment segment which include swimming pools and spas. This growth is attributed to the many benefits associated with the technology. High oxidation potential, quicker processing time compared to other traditional disinfection techniques, no harmful by-product and long run cost benefits are some of the major advantages of ozonation.