#jimco | Explore Tumblr posts and blogs

latestmarketblogupdates · 2 years ago

Text

Ozone Sensor Market - Forecast(2022 - 2027)

Ozone Sensor Market Report Overview

Ozone Sensor Market size is analyzed to grow at a CAGR of 5.5% during the forecast 2022-2027 to reach $76.18 Million. The growing demand for ozone sensors from various industries, primarily from food & beverage and water & wastewater treatment, is driving the market growth. In 2019, Aeroqual, a leading ozone sensor manufacturer, supplied an S930 ozone monitor to Jimco, which was used for accurate measurement of ozone levels within its food facilities during as well as after sterilizing procedures. In wastewater treatment and sewage treatment, the ozone system is utilized as comprehensive and effective disinfection for organic stuff contained in wastewater. During the process, pesticides, organics (such as organic nitrogen), biological oxygen demand (BOD), chemical oxygen demand (COD), volatile fatty acids (VFA), and sulfur are all eliminated, significantly eliminating odors while being both cost-effective and environment friendly. With higher ozone concentrations being considered harmful to human health, there is significant adoption of ozone sensors for monitoring ozone levels in wastewater treatment plants. A result of the rising sewage treatment connections, which is directed coupled with a surge in wastewater treatment facility expansion or new projects, is further set to accelerate the market growth in the coming years.

Request Sample

Ozone Sensor Market Report Coverage

The report: “Ozone Sensor Market Industry Outlook – Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments of the Ozone Sensor Market industry.

By Product Type: Portable, Handheld, Tabletop, Wall Mounted. By Function: Ozone Sensor, Multi-Gas Sensor. By Sample: Liquid, Gaseous. By Range: Up to 10 ppm, 10-50 ppm, 50-100 ppm, 100-250 ppm, 250-500 ppm, Above 500 ppm. By Response time: < 10s, 10-20s,20-40s,40-100s,Above 100s. By Industry Vertical: Food and Beverage, Water and Wastewater Treatment, Manufacturing, Medical and Pharma, Environment and Government, FMCG, Agriculture, Others. By Geography: North America (US, Canada, Mexico), South America (Brazil, Argentina, Chile, Colombia, Others), Europe (Germany, France, UK, Italy, Spain, Russia, Netherlands, Others), APAC (China, Japan, South Korea, India, Australia, Indonesia, Malaysia, Others), and RoW (Middle East, Africa).

Key Takeaways

In 2021, the portable ozone sensor held the largest market value of $29.52 Million, owing to various factors like wider adoptability from a variety of end-use industries including manufacturing, healthcare and so on. Ozone sensor held the largest share of 68.6% in 2021, and is anticipated to have a significant market growth over the forecast period 2022-2027, attributed to factors including increasing development towards food and beverage facilities, water & wastewater treatment plants and others. North America dominated the global Ozone sensor market with a share of 35.2% in 2021, owing to a variety of factors such as the development of new wastewater treatment plants along with investments on construction of food processing facilities. Increasing number of water & wastewater treatment projects along with growing development towards new healthcare facilities is analyzed to significantly drive the market growth of ozone sensors during 2022-2027.

Inquiry Before Buying

Ozone Sensor Market Segment Analysis – By Product Type Portable segment dominated the global ozone sensor market with the largest share of $29.52 Million in 2021, and is anticipated to grow with the highest CAGR of 5.9% through the forecast period 2022-2027. Portable ozone sensors are widely used by a variety of end-use industries as if the ozone concentration in the air is too high, the detector will emit a triple alert signal of sound, light, and vibration, effectively preventing poisoning accidents caused by excessive ozone gas concentration in the air. Ozone sensors are frequently used in healthcare, manufacturing, and other industries in order to verify fixed ozone monitor readings, spot-check ozone concentrations, monitor health and safety along with indoor air quality. Development of new portable ozone sensor products for usage in hospitals, manufacturing facilities, wastewater treatment, and other related end use sectors, intended to monitor ozone concentration levels more efficiently have been eventually driving market expansion in the ozone sensor industry. In October 2020 Aeroqual, a New Zealand-based ozone sensor manufacturer, developed and launched a new ozone sensor, named EOZH capable of monitoring 0-30 ppm ozone concentration. These sensors were designed specifically for use in hospitals to clean equipment and reduce or eliminate pathogen spread. Additionally, growing number of wastewater treatment projects across the globe is also expected to increase demand for ozone sensors, thus driving the market forward in the coming years.

Ozone Sensor Market Segment Analysis - By Function

Ozone sensor held the largest market share of 68.6% in 2021, and is anticipated to have a significant growth over the forecast period 2022-2027. Ozone sensors are utilised within range of applications, including sanitization, food processing, wastewater treatment, and more, for serving industries such as water & wastewater treatment, food & beverage, and so on. As higher ozone levels can lead to major health repercussions, ozone sensors are getting widely used within these facilities to measure ozone concentrations more accurately, efficiently and reliably. Furthermore, as people's purchasing power increases around the world, impacting the need for prepared and hygienic meals, thus resulting in more new food and beverage facilities being constructed. In 2021, construction projects on Kerry Group's new food processing factory in Indonesia began and is expected to be completed by the end of 2022, while construction on Nestle Food Processing in Ohio, U.S, is expected to be completed by 2023. As a result, rising food and beverage facilities are likely to increase demand for ozone sensors to conduct processes like odour removal, disinfection, sanitation, thereby boosting its market growth during the forecast period.

Schedule a Call

Ozone Sensor Market Share Segment Analysis - Geography

North America dominated the global Ozone sensor market with a 35.2% share in 2021, due to growing development of new wastewater treatment plants in the United States, which in turn drives the need of ozone sensors as they are used in controlling ozone content to remove viruses, bacteria, and other organic matter found in wastewater. For instance, in August 2021, Pennsylvania American Water announced the commencement of the development of a new wastewater treatment plant in U.S. worth around US$ 8.7 million. The wastewater treatment plant is scheduled to be completed by the end of 2022. Such new development of wastewater treatment plants is expected to increase the demand for ozone sensors, thus, driving the market growth in the region. In 2021, the development of new food & beverage and wastewater treatment facilities already began in the United States, in comparison to 2020 during the Covid-19 pandemic, which resulted in gradual recovery of the market. In October 2021, Nestle invested around US$ 550 million for the development of a new food processing facility in Ohio, U.S. The new facility is expected to increase the company’s production capacity and is scheduled to be completed by the end of 2023. Thus, an increase in the development of such new food processing facilities is expected to increase demand for ozone sensors to measure ozone concentration used in food processing applications be it sanitation, disinfection odour removal, thus, accelerating the market growth.

Ozone Sensor Market Drivers

Increasing number of water & wastewater treatment projects act as a prime factor driving the market growth for ozone sensors:

Ozone systems are used in wastewater and sewage treatment in order to provide complete and effective disinfection of the organic material found in wastewater. Pesticides, organics (like organic nitrogen), biological oxygen demand (BOD), chemical oxygen demand (COD), volatile fatty acids (VFA), and sulphur are all removed during this procedure. Higher ozone concentrations, on the other hand, are considered to be harmful to human health, thus these sensors are extensively used in wastewater treatment plants to monitor ozone levels. Around the world, the rate at which sewage treatment plants are connected to wastewater treatment plants is increasing, while necessitating a greater demand for ozone treatment technology. Because such facilities require ozone monitoring, the market for ozone sensors is likely to increase. Also, in 2020, the Philippines government awarded the Aglipay Sewage Treatment Plant in Mandaluyong to SUEZ a French-based wastewater utility company for design and construction, as well as one year of operation and maintenance, making it the country's largest. This facility will provide a daily capacity of 60,000 m3, capable of meeting high national criteria which go above and beyond EU norms in terms of reducing negative impacts on Manila Bay and Pasig River, as well as its environmental imprint. The project is currently under construction and is projected to be completed in early 2024, further driving the market demands for ozone sensors in long run.

Buy Now

Growing development toward new healthcare facilities is projected to drive market growth throughout the forecast period: In hospitals, ozone sterilization is routinely used to disinfect equipment and prevent the spread of bacteria. Furthermore, in ozone sterilization applications, time is a consideration, and a higher ozone dosage may be required to reduce sterilization time while maintaining efficacy. Since this can lead to disastrous consequences for patients and healthcare personnel, ozone sensor is widely adopted. Ozone sensors are used in hospitals to monitor the amount of ozone provided, ensuring that the required level is met and maintained for a set period of time before the ozone generator is turned off. Usage of these sensors help in making processes more consistent. There have been a surge in the construction of new healthcare facilities, which is expected to increase demand for the ozone sensor, boosting the market growth. As in January 2022, construction on the second phase of St. Paul's hospital in Canada began, with plans of the second phase projected to be completed by 2023, followed by third phase of the hospital development completion by 2025. The total cost of the project is expected to be around $2.2 billion, and such factors are bound to raise the market demand towards ozone sensors in the coming years.

Ozone Sensor Market Challenges

The global Ozone Sensor market is being impeded by the market's availability of substitutes:

Alternative products for detecting ozone concentrations include electrode oxygen sensors, heated metal oxide sensors (HMOS), chemiluminescence sensors, and others. Oxygen electrode sensors, with detection levels as low as a few parts per billion, are dependable sensors for use in air quality networks (ppb). High sensor gain, fourth electrode compensation, advanced filtering, and electrodes adjusted for long-term repeatability give the needed sensitivity, selectivity, and stability. These sensors have a lower average price than ozone sensors, ranging from US$100 to US$300 per unit. Even after several sterilising cycles, electrode structure maintains exceptional stability. As a result, oxygen electrode sensors can be found in a variety of settings, including medical, food and beverage, and other industries. Additionally, chemiluminescence sensors have higher accuracy for the monitoring of ozone gas, which makes it ideal for use in wastewater treatment, manufacturing, and other such facilities. Owing to such advantages of alternative substitutes like electrode oxygen sensor, heated metal oxide sensors (HMOS), chemiluminescence sensor, and others, application for ozone sensing is increasing, which is restricting the growth of the ozone sensor market.

Ozone Sensor Market Landscape

Technology launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Ozone Sensor Market. In 2021, the market of Ozone Sensor Market share has been fragmented by several companies. Ozone Sensor Market top 10 companies include:

Honeywell Mettler Toledo Emerson DKK-TOA Corporation Hach Company ProMinent PCE Instruments BMT Messtechnik GMBH KWJ Engineering Inc Aeroqual

Acquisitions/Technology Launches/Partnerships

In March 2021, Mettler-Toledo International Inc acquired PendoTECH, a manufacturer and distributor of single-use sensors, transmitters, control systems and software for measuring, monitoring, and data collection primarily in bioprocess applications. In September 2020, Aeroqual launched a new high-range ozone sensor gas-sensitive electrochemical (GSE) type for ozone sterilization applications. With linear and fast response, these sensors are capable of measuring upto 30 ppm along with a low cross-interference from volatile organic compounds (VOC’s) that may be found in the types of environments being sterilized.

#Ozone Sensor Market #Ozone Sensor Market Size #Ozone Sensor Market Share

0 notes