Atmospheric Water Generator Market Expected to Reach US ~$4.50 Billion and CAGR 8.7% by 2030 – Polaris Market Research
An atmospheric water generator (AWG), also known as a hydro panel, is a device that extracts water from humid air. Water vapor in the air can be obtained using different dehumidification techniques. AWGs are helpful when it’s difficult to remove the potable water. After extraction, the water is filtered and purified through filters such as carbon, reverse osmosis, and UV sterilization lights. The atmospheric water generator is utilized for domestic applications, community, military, government, and institutional purposes.
“According to the research report, the global atmospheric water generator market was valued at USD 2.18 billion in 2021 and is expected to reach USD 4.50 billion by 2030, to grow at a CAGR of 8.7% during the forecast period.”
AWS are reliable sources of clean, safe water. Due to the drop-down in the availability of fresh water, the demand for atmospheric water generation has been increasing since the last few years. Factors such as freshwater scarcity, rising technical advances, and favorable government guidelines regarding water generation are expected to fuel the growth of the atmospheric water generator market. During the COVID outbreak, government authorities of several countries scrutinized autonomous, scalable, and resilient techniques for water security. This factor is boosting the atmospheric water generator market demand.
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Atmospheric Water Generator Market: Growth Drivers
Rapid industrialization and urbanization are the two significant reasons for climate change which has led to increase in the market demand for freshwater. This is driving the growth of the atmospheric water generator market. The growing investments by governments in establishing atmospheric water generation infrastructure for residential and commercial needs are expected to positively influence the market growth. The rapid demand for atmospheric water generators across end-use industries such as bottling facilities, food processing companies, chemical industries, etc., is anticipated to propel market growth.
Moreover, initiatives taken by companies to carry out eco-friendly practices in the business are further expected to augment the demand for atmospheric water generators. In addition, the rising research & development activities to lower the power requirement coupled with increasing technological developments are other factors anticipated to propel the growth of the target market.
Atmospheric Water Generator Market: Report Segmentation
Insight by Product Type
Based on product type, the global atmospheric water generator market is segmented into cooling condensation and wet desiccation. The cooling condensation segment is estimated to account for the largest revenue share in the market. The concerns about water scarcity and surged demand from various industrial and commercial sectors are expected to fuel the growth of the segment over the projected period. The wet desiccation segment is projected to record a steady CAGR over the forecast period due to its use in army base camps and large-scale industries.
Insight by Application
The industrial application segment is anticipated to record the largest share during the forecast period. This growth can be attributed to the increased demand for industrial-grade AWGs from bottling plants for beverages, government facilities for water security, and food processing companies. Moreover, the commercial segment is expected to generate a high CAGR in the coming years. Also, the rising number of smart city projects, especially in developed countries, is anticipated to boost the growth of the atmospheric water generator market.
Top Market Players Profiles Covered in This Report:
- Air2Water LLC
- Akvo Atmospheric Water Systems Pvt. Ltd.
- Atlantis Solar
- Dew Point Manufacturing
- Drinkable Air
- EcoloBlue Inc.
- Energy Water Development Corp
- Eshara Water
- GENAQ Technologies S.L.
- Hendrix Water
- Ray Agua
- SkyWater Air Water Machines
- Water Technologies International
Geographic Overview: Atmospheric Water Generator Market
Based on geography, Asia Pacific is expected to dominate the atmospheric water generator market with the highest revenue share due to the factors such as population growth, water shortage, infrastructure development activities, etc. Rapid industrialization in the region, along with growing infrastructural operations, is projected to accelerate the product demand during the forecast period. Rising urbanization in India and changing lifestyles in Asian countries are expected to bolster industry growth.
Moreover, the Middle East and Africa region are anticipated to record a high CAGR during the foreseen period. Due to climate change and extreme weather, most countries in the Middle East and Africa (MEA) face water problems. Such countries from these regions are adopting atmospheric water generators to get fresh water.
- In January 2020, Energy and Water Development Corp. (EAWD) announced the sale of their self-sufficient energy supply atmosphere water generation system to the leading Mexican water company.
- In February 2019, Bharat Electronics Limited launched its new atmospheric water generator to meet the ever-increasing need for drinking water worldwide.
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Atmospheric Water Generator Market: By Type Outlook
- Cooling condensation
- Wet Desiccation
Atmospheric Water Generator Market: By Application Outlook
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COVID-19 impact on Atmospheric Water Generator market
This report provides a critical analysis of the global Atmospheric Water Generator market in respect to the COVID-19 pandemic and its adverse impact on the manufacturing and global sales of the product. It provides an extensive study on the impact of the COVID-19 pandemic on the global market and explains how it would affect the business operations of the industry in the near future. In short, the report provides systematic information regarding the changing market scenario and the flow of the global supply and consumption with respect to the ongoing pandemic. In a nutshell, this report provides in-depth information on the overall market structure of Atmospheric Water Generator and assesses the possible changes in the current as well as future competitive scenarios of the Atmospheric Water Generator market.
The report offers an accurate representation of the geographical scope of the Global Atmospheric Water Generator Market, inclusive of graphical details of popular growth hotspots and performance of the various products and services aligning with end-user preferences and priorities.
- North America (U.S., Canada, Mexico)
- South America (Cuba, Brazil, Argentina, and many others.)
- Europe (Germany, U.K., France, Italy, Russia, Spain, etc.)
- Asia (China, India, Russia, and many other Asian nations.)
- Pacific region (Indonesia, Japan, and many other Pacific nations.)
- Middle East & Africa (Saudi Arabia, South Africa, and many others.)
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