Global Water Intelligence has recently published a study on the water treatment market. The report noted strong growth in ozonation and advanced oxidation water treatment applications. The growth drivers are the need for higher quality water while raw water quality is decreasing, the use of wastewater for applications previously supplied by potable water, and the investment in sludge management.
Global growth for ozonation is expected to grow at nearly 10% annually over the next 6-7 years from a base of about $360 MM. Advanced oxidation is expected grow at over 30% annually over the same period albeit from a base of only a $20-30 MM.