Global Atmospheric Water Generator (AWG) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Atmospheric Water Generator (AWG) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

An atmospheric water generator is a device that extracts water from humid ambient air. Water vapor in the air can be extracted by condensation - cooling the air below its dew point, exposing the air to desiccants, or pressurizing the air. Unlike a dehumidifier, an AWG is designed to render the water potable.

Market Overview:

The latest research study on the global Atmospheric Water Generator (AWG) market finds that the global Atmospheric Water Generator (AWG) market reached a value of USD 326.71 million in 2022. It’s expected that the market will achieve USD 742.98 million by 2028, exhibiting a CAGR of 14.68% during the forecast period.

Influence of COVID-19 Outbreak on Atmospheric Water Generator (AWG) Industry Development

With the COVID-19 pandemic, almost all industries are facing negative impacts, and the global atmospheric water generator (AWG) market is no exception, and has been severely affected. Governments around the world have to implement strict movement restrictions and blockade measures to combat the spread of the virus, which has a negative impact on the atmospheric water generator (AWG) market, leading to large-scale disruptions in the supply chain and a decline in demand.

In addition, labor shortages further reduced production, and the manufacturing unit was subsequently completely closed. In addition, project and delivery delays have also brought huge economic losses to market participants. However, with the gradual lifting of restrictions, the market will quickly recover and return to normal pace during the forecast period, and create profitable growth opportunities for market participants.

Strength

People's awareness and adoption rate of water safety laws and regulations continue to increase. Many countries/regions have introduced workplace regulations for the supply of safe drinking water in the workplace. These regulations help promote the use of atmospheric water generators (AWG) to supply drinking water.

Due to the high purity water provided by these systems, atmospheric water generators (AWG) are becoming more and more important in various workplaces including banks, municipal institutions, schools, and hospitals. During the forecast period, consumers' awareness of the benefits provided by atmospheric water generators continues to increase, which is expected to drive their demand.

Weakness

High energy consumption and production costs limit the limits of atmospheric water generator (AWG) in residential applications. In order to eliminate this limitation, manufacturers are focusing on developing new technologies and manufacturing processes to minimize overall product costs, which indirectly helps increase the base of residential and commercial users.

In addition, the complicated mechanism related to wet desiccation atmospheric water generator (AWG) and the lack of consumer awareness of wet desiccation atmospheric water generator (AWG) are the constraints of this market. On the contrary, concerns about power generation efficiency are cautious to both new entrants and established market participants.

Opportunities

Continuous research activities centered on improving water production efficiency and reducing equipment costs are affecting the adoption of atmospheric water generators (AWG) worldwide. Research has led to the development of a number of new technologies, including advanced filtration systems, electrically improved collection, advanced oxidation processes, and automatic variable filtration technology. Manufacturers are integrating these new technologies into various atmospheric water generator (AWG) products to help save water by creating unique mechanisms, thereby marking their position in the global atmospheric water generator (AWG) market share. In addition, other technologies such as sustainable hybrid AWG and the use of bituminous solar collectors in AWG help to collect water cheaply in hot and humid areas, thus witnessing the increase in the adoption rate of atmospheric water generator (AWG).

Consumers' preference for sustainable agriculture has promoted the use of renewable atmospheric water generator (AWG) systems for irrigation. In addition, the atmospheric water generator (AWG) also provides a beneficial growth stimulant for promoting plant growth. The company is increasing its share by developing products for different applications, including irrigation and drinking. This factor also brings more development opportunities to the atmospheric water generator (AWG) market.

Region Overview:

From 2022-2027, North America is estimated to witness robust growth prospects.

Segmentation Overview:

As for product types, the Cooling Condensation segment held the largest market share in 2021.

Application Overview:

By application, the Residential segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Atmospheric Water Generator (AWG) market covered in Chapter 3:

EcoloBlue, Inc.
Air2Water LLC
SkyWater Air Water Machines
WaterMaker India Pvt. Ltd.
Shenzhen FND Air & Water Technology Development Co., Ltd
Atlantis Solar
PlanetsWater
Drinkable Air
GENAQ Technologies S.L.
Water Technologies International, Inc. (WTII)
Watergen
Hendrx Water

In Chapter 4 and Chapter 14.2, on the basis of types, the Atmospheric Water Generator (AWG) market from 2018 to 2029 is primarily split into:

Cooling Condensation
Wet Desiccation

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Atmospheric Water Generator (AWG) market from 2018 to 2029 covers:

Industrial
Commercial
Residential
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)