Atmospheric Water Generator Market Size By Product (Cooling Condensation, Wet Desiccation), By Application (Industrial, Commercial, Residential), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 - 203

Atmospheric Water Generator Market Size By Product (Cooling Condensation, Wet Desiccation), By Application (Industrial, Commercial, Residential), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 - 2032

Global atmospheric water generator market is set to register robust growth between 2023 and 2032 due to increasing water pollution levels across the globe. Besides, the introduction of favourable State-backed regulations regarding safe drinking water in the Asia Pacific region is likely to drive the demand for atmospheric water generators. Similarly, in December 2020, the European Parliament adopted a revised Drinking Water Directive. The main objective behind this directive is to protect human health from the effects of contaminated water, intended for human consumption.

Overall, the global atmospheric water generator market is segregated on the basis of product, application, and region.

Based on product, the market is likely to be characterized by the wet desiccation segment. The wet desiccation method is feasible and has certain benefits, and there is increasing consumer awareness regarding the same. Besides, presence of substantial technological innovations regarding different effective soaking agents in a wet desiccation device will positively impact the industry.

In terms of application, the residential segment is set to grow at a 16% CAGR through the analysis timeframe. Due to rising cases of waterborne diseases, there is an increase in the number of atmospheric water generator installations, and this trend will foster market growth. Additionally, there is a growing consumer awareness regarding the health benefits of drinking clean and fresh water, which will further fuel the demand for AWGs to be used in residential areas.

In terms of region, the AWG market has been bifurcated into Asia Pacific, MEA, and LATAM. Among them, the atmospheric water generator market is set to grow tremendously in the MEA region and will reach around $1.90 billion by the end of 2032. The region is witnessing an increasing application of AWGs in the healthcare and medical sector due to the rising demand for safe and sterilized drinking water to avoid water-borne diseases, which will fuel the product demand. Besides, presence of large-scale companies that are currently engaging in developing various products will also drive the regional growth.

On the contrary, the AWG market in the LATAM region will grow at 15% CAGR through the estimated timeframe, primarily owing to improper sanitation, which has led to an increase in water pollution levels and waterborne diseases.

Some of the key players in the AWG market are Air2Water LLC, Akyo Atmospheric Water Systems Pvt Ltd, Atmospheric Water Solutions Inc., Shenzhen FND Air & Water Technology Development, Island Sky Corporation, Planets Water Corp, Sun-To-Water Technologies, Veragon Water Solutions Ltd, Aquacello Sky Water, and VayuJAL Technologies Pvt. Ltd.