Atmospheric Water Generator Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Atmospheric Water Generator Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Atmospheric Water Generator Market

The atmospheric water generator market size was valued at USD 1.9408 billion in 2023, and the market is now projected to grow to USD 6.2149 billion by 2032, exhibiting a CAGR of 18.1% during the forecast period of 2024-2032.

The COVID-19 pandemic had a major influence on atmospheric water generator (AWG) market. Delays in installation, disruption in global supply chain, disabled manufacturing capacity and other factors deterred the growth in the market. Nonetheless, higher per capita consumption of water and enhanced knowledge regarding the impacts of the disease on clean water availability and demands for AWGs increased especially in arid areas. The market gradually started stabilizing as governments and industries realized the application of AWGs in delivering water security, triggering innovations, and encouraging investment in sustainable water solutions.

These are the critical trends in the atmospheric water generator market. Currently, AWG technologies include energy-efficient and sustainable systems; integrated solar-powered AWG; and combined AWG systems. Advances in Filtration and Condensation Systems both contribute to improving water Quality and its Rates of Production. It is also growing in areas that is experiencing acute water deficit; indeed, governments and industries are procuring AWGs as disaster preparedness instruments and environmental protection tools. Also, the combined application of Internet of Things & Artificial Intelligence for continuous monitoring & maintenance is enhancing the efficacy of systems used in operations. Thus, all the above mentioned factors are contributing towards the atmospheric water generator market growth.

Several factors have been identified to be driving the atmospheric water generator (AWG) market, among which there is a growing demand for clean water, and sustainable water sources because of water scarcity. Technological improvement in the energy use, the adoption of solar- powered and hybrid AWG systems are making them cheaper. Increasing awareness on the environment and policies formulated by governments to Goods and services also drive market growth. Also, growth in usage of AWG systems in the residential and commercial applications especially in areas where fresh water is scarce is other factor that is propelling the growth of this market.

Comprehensive Analysis Atmospheric Water Generator Market

This report categorizes the AWG market based on types and applications of products. With reference to the product type, there are two types of AWGs; cooling condensation and desiccant types. Cooling condensation systems work on the principle of having air cooled to selectively condense moisture while the desiccant-based systems apply the use of materials to selectively absorb moisture and then release the moisture. In terms of application, the market can be divided into industrial functions, commercial functions, and domestic functions. Industrial applications involve large-scale operations, commercial applications cater to businesses and institutions, and household AWGs are designed for residential use, meeting the growing need for clean drinking water in different environments.

The global AWG market is classified as per the product and application. Based on type of product, AWGs are further classified into cooling condensations and the desiccant systems. Cooling condensation systems utilize cooling air to cause condensation while desiccant based systems use materials that absorb moisture then later desorb it. Thus, by application, the market can be further segmented to industrial use, commercial use, and household use. Large industrial applications are used in extensive production process, commercial applications targets business organizations and institutions and small AWGs are for home use due to increasing demand for purified water in various settings.

North America is one of the most prominent regions in the word, which has significant demand in atmospheric water generator in 2024. The region has favorable technological profile and has high awareness about the water availability and sustainability. Thus, the demand for AWGs is on the rise all around the globe and is particularly actively developing in the United States thanks to the increased awareness of water issues and their environmental repercussions. The market is driven by government-supported campaigns, new technologies and innovations of clean water solutions, the introduction of energy-efficient new AWG types in North America. This aspect of innovation and sustainability based focus assist the region to maintain a strangle hold in the global AWG market.

Key players in this sector include Drinkable Air Technologies (Florida, USA), Water Technologies International, Inc. (Florida, USA), Atmospheric Water Generator, LLC (Florida, USA), Zhongling Xinquan (Fujian) Air Drinking Water Technology Co., Ltd. (Fujian Province, China), Island Sky Corporation (Florida, USA), Dew Point Manufacturing (British Columbia, Canada), Eurosport Active World Corporation (Florida, USA), Water-Gen Ltd. (North Carolina, USA), PlanetsWater Ltd. (London, U.K.), WaterMaker India Pvt. Ltd. (Maharashtra, India)

As for 2024, the atmospheric water generator (AWG and its market is most concerned with the creation of more energy efficient models, especially these that can be powered by renewable energy such as solar energy. Such developments are making AWGs more sustainable to use even in residential areas and they are cheaper than before. Also, there is the inclination toward integrating the water production with IoT/Smart technologies including Artificial Intelligence to minimize costs while maximizing efficiency in the detection of problems with the system. Better filtration techniques and greater production outputs are other emerging industry trends, due to the rising global call for better water purification technologies.

Segmentation Table

ATTRIBUTEDETAILS

Study Period2016-2027

Base Year2019

Forecast Period2020-2027

Historical Period2016-2018

UnitValue (USD Million)

SegmentationBy Product Type

Cooling Condensation

Desiccant Based

By Application

Industrial

Commercial

Household

By Region

North America (the U.S, and Canada)

Europe (Germany, U.K., Russia and the Rest of Europe)

Asia Pacific (China, India, ASEAN, and the Rest of Asia Pacific)

Latin America (Brazil, Mexico, and the Rest of Latin America)

The Middle East & Africa (GCC, the Rest of the Middle East and Africa)

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