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

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

An atmospheric water generator (AWG) 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 market finds that the global Atmospheric Water Generator market reached a value of USD 296.1 million in 2022. It’s expected that the market will achieve USD 404.97 million by 2028, exhibiting a CAGR of 5.36% during the forecast period.

The economic damage caused by the COVID-19 pandemic is largely driven by a fall in demand, meaning that there are fewer consumers willing to purchase the goods and services available in the global economy. This dynamic can be clearly seen in heavily affected industries such as travel and tourism. To slow the spread of the virus, countries have placed restrictions on travel and many people could not purchase flights for holidays or business trips. This reduction in consumer demand was the reason why airlines lost planned revenue and as a result, they had to cut their expenses by reducing the number of flights they operate. Without government assistance, eventually, airlines will also need to lay off staff to cut more costs. The same dynamic applies to other industries, for example with falling demand for oil and new cars as daily commutes, social events and holidays are no longer possible. As companies start to reduce employment to make up for lost revenue, the worry is that this will create a downward economic spiral when these newly unemployed workers can no longer afford to purchase as many goods and services as before.

Intense market competition

For most industries, the intensity of competitive rivalry is the major determinant of the competitiveness of the industry. Having an understanding of industry rivals is vital to successfully marketing a product. Positioning pertains to how the public perceives a product and distinguishes it from competitors. A business must be aware of its competitors' marketing strategy and pricing and also be reactive to any changes made.

There are many influential manufacturers in the Atmospheric Water Generator market and increasingly fierce competition in the industry. The growth of demand in the downstream market of Atmospheric Water Generator has attracted more market participants to enter the market. Intense market competition and more market participants pose certain challenges to the quality, after-sales guarantee and sales channels of Atmospheric Water Generator.

Pay more attention to water safety

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.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (33.82% in 2021).

Company Overview:

Hendrx is one of the major players operating in the Atmospheric Water Generator market, holding a share of 16.91% in 2021.

Shenzhen FND

Shenzhen FND Air & Water Technology Development Co., Ltd is a high-tech enterprise integrating R&D, production, sales and after-sales service. Shenzhen FND Air & Water Technology Development Co., Ltd has obtained a number of water technology patents. Such as zero-emission water purifier technology and high-performance molecular filtration modification technology are the company's unique innovative patents.

Hendrx

Hendrx Water is a comprehensive enterprise with strong technical strength specializing in R&D, manufacturing and sales of air water generators.

Segmentation Overview:

By type, Production Volume Rate below 100 Liters per Day segment accounted for the largest share of market in 2021.

Application Overview:

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

According to the different places where Atmospheric Water Generator is used, it is mainly divided into Home, Office, Light Industry, Heavy Industry, and other places.

Light industries are industries that usually are less capital-intensive than heavy industries and are more consumer-oriented than business-oriented, as they typically produce smaller consumer goods. Most light industry products are produced for end users rather than as intermediates for use by other industries.

Heavy industry is an industry that involves one or more characteristics such as large and heavy products; large and heavy equipment and facilities (such as heavy equipment, large machine tools, huge buildings and large-scale infrastructure); or complex or numerous processes.

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

GENAQ Technologies S.L.
Hendrx
Aqua Sciences
Shenzhen FND
Water Technologies International, Inc. (WTII)
Konia
Drinkable Air
Air2Water
AirOWater
EcoloBlue
SkyWater Air Water Machines
Planets Water
Atlantis Solar
WaterMaker India
Watergen
Sky H2O

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

Production Volume Rate Higher than 5000 Liters per Day
Production Volume Rate between 100 and 5000 Liters per Day
Production Volume Rate below 100 Liters per Day

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

Home
Office
Light Industry
Heave Industry
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)