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Global 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
ozone sensor market is rising due to factors like increased demand from various
industries, particularly food and beverage and water and wastewater treatment. In April
2019, Jimco purchased an S930 ozone
monitor from Aeroqual, which was used to reliably measure ozone levels in food
facilities during and after sterilization procedures. Recent research and
development related to medical and healthcare application of ozone sensors are
further creating growth opportunities for the ozone sensor market. In October
2020, Reliance launched Reliance O3
Ozone Generator, a commercially intelligent portable room disinfection, and
sanitization equipment, integrated with an ozone sensor. This product is
appropriate for use in hospitals, schools, and other similar settings.
The portable ozone sensor market dominated
with a market value of $29.52 million in 2021 and is estimated to witness the highest
growth with a CAGR of 5.9% during the forecast period 2022-2027. Portable ozone sensors are capable of sending out a triple alert signal
of sound, light, and vibration when ozone concentration in the air gets too
high, thereby preventing poisoning occurrences caused by an excessive
concentration of ozone gas present in the air. In 2021, the 'Atmospheric Ozone
Tracing and Regulate' scientific and technology project was initiated by the
Chinese Academy of Sciences, which focuses on solving important challenges
linked to ozone and its control. As a result of the project, monitoring devices
such as permanently placed ozone sensors and portable ozone monitors were
invented. Thus, with ongoing research and development, the market growth is set
to rise further in the long run.
North America region emerged as the major region holding the
largest share of 35.2% in 2021 the global ozone sensor market. The
construction of new wastewater treatment plants in the United States is likely
to stimulate demand for ozone sensors since they are used to control the ozone
content utilized in such facilities to remove viruses, bacteria, and other
organic matter contained in wastewater. In August 2021, Pennsylvania American
Water announced the start of construction on a new wastewater treatment plant
in the United States. The project is expected to cost roughly $8.7 million USD.
The wastewater treatment plant is expected to be finished by the end of 2022.
As a result, such new wastewater treatment plant development is likely to raise
demand for ozone sensors, propelling its market growth across the North
American region in the coming time.
In October
2021, Nestle invested around US$ 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 in the US is expected to increase the demand for ozone sensors to
measure the ozone concentration used in food processing applications as mentioned
above, thus, accelerating the growth of the Ozone sensor market.
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Ozone Sensor Growth Market Drivers:
The expanding
Semiconductor Industry globally is likely to drive market expansion of ozone
sensors:
As ozonated water is being commonly used in semiconductor
facilities for semiconductor cleaning and separation resistance procedures,
higher levels of ozone can be dangerous and cause potential hazards to human
life. Since ozonated water is utilized during semiconductor cleaning and resist
separation procedures, ozone sensors are widely utilized to monitor ozone
concentration levels in semiconductor manufacturing facilities. Increased
government support to promote semiconductor production are likely to boost
semiconductor output in the future, allowing ozone sensor industry to grow. In December 2020, India announced a US$ 10.2
billion plan to attract global chipmakers to set up a production facility within
the country and transform it into a production hub of semiconductors. Moreover,
The Japanese government planned to make an aggressive
push to help domestic semiconductor companies expand globally, to increase
their annual revenue to more than US$114 billion by 2030. Hence, such
governmental initiatives will propel the production of semiconductors in the
future, thereby, benefiting the market during the forecast period.
Technological advancement towards ozone sensors are
positively impacting the market growth:
Various ozone
sensor manufacturers have already started investing highly in the technological
advancement of ozone sensors, which are used to detect harmful ozone in a variety of
industries. As a result, ozone sensor manufacturers have been introducing new
devices which can incorporate the most recent technological advancements. In November
2021, A Switzerland-based company, Kaiterra developed a
technologically advanced KM-207 ozone monitoring sensor module, which supports
and detects ozone and TVOC for the Sensedge Mini. Furthermore, in March 2021,
Sensorix GmbH, created revolutionary ozone sensor devices, including
electrochemical ozone detection sensors (Sensorix O3 1 and O3 1 F) and a
disinfection ozone sensor (Sensorix O3 1 F) as the National Institute for
Occupational Safety and Health (NIOSH) sets a workplace ozone exposure limit of
0.10 ppm (0.2 mg/m3) for 8 hours, this ozone sensor technology was created to
properly detect the ozone concentration. As a result of new technological
developments, the ozone sensor market will have a viable growth opportunity
during the forecast period in order to fulfill growing demand from end-use
sectors such as healthcare and pharmaceuticals, food and beverage, and other
related verticals.
R&D
Investment:
The New
Upper Thompson Sanitation District Wastewater Treatment Facility will be
constructed in the United States of America in 2023, with completion scheduled
for 2025. The main cause for the new facility's construction is the rising rate
of sewage connection, which is estimated to be 11% each year for the next three
years, 2021-2023.
In
December 2020, India announced a US$ 10.2 billion plan to attract global
chipmakers to set up a production facility in the country and transform it into
a production hub of semiconductors.
The
Major Players in this Market Include
The major companies in the Ozone Sensor market include Honeywell, Mettler Toledo, Emerson, DKK-TOA Corporation, Hach Company, ProMinent, PCE Instruments, BMT Messtechnik GMBH, KWJ Engineering Inc., Aeroqual among others. In September 2020, Aeroqual had introduced a new high-range ozone sensor gas-sensitive electrochemical (GSE) type for ozone sterilization applications.
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