BCC Research has recently completed a technology market research report that provides an in-depth analysis of the global market for ozone technology across a range of applications. Key findings in the study are:
1. The global market for ozone technology is expected to grow to $838 million in 2016, a compound annual growth rate (CAGR) of 6.7% for the period. It reached $557 million in 2010 and $606 million in 2011.
2. The ozone water/wastewater applications segment of the market reached $426 million in 2010 and $460.5 million in 2011. It is expected to grow to $634 million for a CAGR of 6.6% between 2011 and 2016.
3. The ozone air and gas treatment segment reached $131 million in 2010 and $145.5 million in 2011. It is expected to grow to $204 million for a CAGR of 7.0% between 2011 and 2016.