Market Research Future (MRFR) has published a cooked research report on the “global Atmospheric Water Generator market” that contains information from 2019 to 2030. The Atmospheric Water Generator market is estimated to register a CAGR of 10.40% during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the global Atmospheric Water Generator market—Akvo Water Systems Pvt. Ltd (India), Water Technologies International (US), Zhongling Xinquan (FUJIAN) Air Drinking Water Technology Co. Ltd (China), GENAQ Technologies S.L (Spain), AirOWater (India), Watergen (Isreal), Ray Agua (Spain), SkyH2O (US), Yueqing Kemao Electric Co., Ltd (China), Dew Point Manufacturing (Canada), SkyWater Air Water Machines (South Africa), Atlantis Solar (US), SunToWater Technologies LLC (US), Eshara Water (UAE), Canadian Dew Technologies Inc. (Canada)
The global Atmospheric Water Generator market is accounted for to register a CAGR of 10.40% during the forecast period and is estimated to reach USD 5.010.89 million by 2030.
The atmospheric water generator industry is predicted to benefit from the quick expansion of various industries that need more than 1,000 liters of water per day. Moreover, in Asia Pacific and other developing regions, several end-use sectors such as food, chemical, beverage and apparel are expanding quickly, further supporting the market of atmospheric water generator.
Furthermore, the growing problem of water scarcity and lack of access to clean drinking water in various parts of the world will promote the usage of atmospheric water generators. Impacts of climate change such as changing rainfall patterns and prolonged droughts have contributed towards aggravating the problem of water shortage in various regions. The use of AWGs for mitigating these effects of climate change and providing an effective source of water will favor its market demand in the forecasted timeframe.
The global Atmospheric water Generator market has been segmented based on Product, Application and Region.
The global Atmospheric Water Generator Market segmentation, based on Product has been segmented as Cooling Condensation and Wet Desiccation. Among these, the Cooling Condensation type is projected to dominate the global Atmospheric Water Generator market revenue through the projected period as estimated by MRFR analysts.
By lowering the air's dew point, the cooling condensation atmospheric water generator produces water. A compressor circulates refrigerant between an evaporator coil and a condenser in an atmospheric water generator (AWG) for cooling, which lowers the air temperature to the dew point and causes water to condense. When compared to other AWG machines, cooling condensation gives a high output. The amount of water created during cooling condensation is influenced by the relative humidity, temperature size, and ambient air temperature. When the relative humidity is greater than 30% and the temperature is above 18.3 degrees Celsius, cooling condensation water atmospheric water generators function effectively.
Based on Application, the market is segmented as Industrial, Commercial and Residential. Out of which the Industrial segment dominated base year market and is also projected to be holding a dominating share in the forecasted period as well. The 'Industrial' segment, where it is difficult to find clean drinking water, accounted for the largest market share in 2020. The industrial segment is anticipated to expand as a result of inadequate drinking water infrastructure. Atmospheric water generators with high to extremely high output capacities are included in the industrial segment. These are employed in a variety of sectors, such as manufacturing, the beverage industry, bottling operations, and thermal power plants.
By Region, the study segments the Atmospheric Water Generator market into North America, Europe, Asia-Pacific, Middle East & Africa and South America. The Asia Pacific Atmospheric Water Generator market holds the largest market share and is also anticipated to account for the largest revenue share during the forecast period. This region's market is expanding significantly owing to rapid development and population growth which have resulted in altered lifestyles and increased water use. With decreasing natural water supplies, the demand for AWG is increasing considerably. Also, renewable AWG irrigation systems have been encouraged by consumer preferences for sustainable agriculture. Furthermore, atmospheric water producers offer temperatures and humidity that are ideal for plant growth. The presence of several agrarian economies in this region, including China and India, is projected to increase demand for products. Regional expansion is projected to be fueled by rising investments in tailoring AWG devices to various applications.
Nearly 500 million people in the Asia and Pacific region lack access to at least basic water supplies, and 1.14 billion do not have access to basic sanitation, despite improvements in the water sector over the previous 20 years and this factor will escalate the need for AWGs for addressing the problem of water scarcity in the region.
The world's fastest-growing economy is in the Asia and Pacific region, and the region's water industry has developed significantly during the previous two decades. Global leaders in water technology include Singapore, Japan, and the Republic of Korea. Recycled water may currently supply up to 40% of Singapore's water needs. Successful public-private partnerships have enabled a large portion of Metro Manila, a sprawling city of 12 million people, to have access to drinkable water all the time. In order to combat floods in more than 30 cities, the People's Republic of China is encouraging the growth of "sponge cities," where green infrastructure, such as trees, lakes, and parks, is used to absorb rainfall.
Key Findings of the Study
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- The global Atmospheric Water Generator market is expected to reach USD 5,010.89 million by 2030, at a CAGR of 10.40% during the forecast period.
- The Asia Pacific region accounted for the fastest-growing global market.
- Based on Product, the Cooling Condensation segment was attributed to holding the largest market in 2022.
- Based on application, the Industrial segment was attributed to holding the largest market in 2022.
- Akvo Water Systems Pvt. Ltd (India), Water Technologies International (US), Zhongling Xinquan (FUJIAN) Air Drinking Water Technology Co. Ltd (China), GENAQ Technologies S.L (Spain), AirOWater (India), Watergen (Isreal), Ray Agua (Spain), SkyH2O (US), Yueqing Kemao Electric Co., Ltd (China), Dew Point Manufacturing (Canada), SkyWater Air Water Machines (South Africa), Atlantis Solar (US), SunToWater Technologies LLC (US), Eshara Water (UAE), Canadian Dew Technologies Inc. (Canada) are the key market players.