Global Atmospheric water Generator Market is valued approximately at USD 2.51 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 19.5% over the forecast period 2021-2027. Atmospheric water generator is used to extract water from humid ambient air. The water vapor in air can be extracted using various process such as condensation, pressurizing the air and desiccants. The depletion in water resources and decrease in level of freshwater available is increasing the demand for the AWG and is the leading driving factor for the market. Also, surging demand by various workplaces such as banks, municipal corporations, schools, hospital because of increasing importance of AWG for having benefits such as increased efficiency and high purity has also propelled the market growth. But the main factors of concern restraining the market growth are the requirement of high power and high carbon footprint. There are various high operating cost and equipment cost associated with the product resulting in a limited number of buyers. However, leading AWG manufacturers and players are implementing latest technology in their product to make it more user friendly. The incorporation of smart technologies such as IoT allows the user to control the devices parameter easily and to track device performance. Other advancements like the use of solar panels to fulfill energy requirements by reducing energy costs and dependency of the irregular power supply. . The growing acceptance of solar AWG that uses the solar thermal energy to produce water has significant demand from hot and humid regions.
The key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World are considered for the regional analysis of global Atmospheric water Generator market. Asia Pacific was the dominating region in the market with a global share of 35% in 2019 owing to growing number of AWG installations in the region due to water scarcity and depleting freshwater resources. Rising industrialization and growing infrastructure activities in the region is anticipated to augment the demand over the forecasted period. Europe is the second fastest growing region after APAC because of strong economic growth with rising industrial production that will support the market.
Major market player included in this report are
Akvo Atmospheric Water Systems Pvt. Ltd.
Dew Point Manufacturing
Saisons Trade & Industry Private Limited
WaterMaker India Pvt. Ltd.
Water Technologies International, Inc. (WTII)
SkyWater Air Water Machines
Energy and Water Development Corp. (EAWC)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.
Target Audience of the Global Atmospheric water Generator Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers