Demand Of Freshwater For Industrial And Drinking Uses Is Expected To Drive Atmospheric Water Generator Market growth

Atmospheric Water Generator Industry Overview

The global atmospheric water generator market size was valued at USD 2.15 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 9.0% from 2022 to 2030.

The industry growth is expected to be driven by freshwater scarcity and increasing technological investments followed by favorable government regulations. Frequent lockdown during the COVID-19 pandemic resulted in an increased demand for drinking water in places like camps for migrant workers, isolated labs for COVID-19 testing, and areas with water supply disruption. The COVID-19 pandemic is expected to accelerate the demand for atmospheric water generators (AWGs) as countries are exploring independent, scalable, and resilient technology for water security.

Gather more insights about the market drivers, restrains and growth of the Global Atmospheric Water Generator Market

The demand for AWGs in the U.S. is expected to grow post-pandemic, on account of increased water requirements attributed to the rising awareness related to hygiene and constant washing of hands. Moreover, an investment of around USD 35 billion to strengthen water infrastructure in the U.S. through its Drinking Water and Wastewater Infrastructure Act, passed in April 2021, is also expected to drive the market in the country. Rising water scarcity, depleting groundwater levels, global supply chain disruptions, and various government initiatives are some of the factors that are likely to boost the equipment demand. Moreover, policies conducive to establishing water infrastructure are anticipated to augment the demand for atmospheric water generators over the forecast period.

Stringent government policies and regulations, including the Drinking Water Directive in the EU nations, Safe Drinking Water Act in the U.S., and Drinking Water Quality Standards in Japan, are intended to ensure the availability of safe potable water. The aforementioned policies are expected to boost the growth over the forecast period. High capital and maintenance required for AWGs are the key concerns, especially for residential consumers. The market growth in residential applications is hindered by the low purchasing power of consumers, primarily across the Asia Pacific and the Middle East & Africa regions. As a result, researchers are continuously seeking new technologies that can reduce the manufacturing cost of the equipment.

Browse through Grand View Research's Advanced Materials Industry Related Reports

• Heat Recovery Steam Generator Market - The global heat recovery steam generator market size was valued at USD 1.3 billion in 2019 and is anticipated to witness a CAGR of 3.2% over the forecast period (2020 to 2027). Rising concerns about Greenhouse Gas (GHG) emissions and severe regulations to decrease carbon footprint is projected to continue as a key driving factor for the market.
• Water And Wastewater Treatment Equipment Market - The global water and wastewater treatment equipment market size was valued at USD 61.60 billion in 2020 and is expected to grow at a CAGR of 4.0% from 2021 to 2028. Rising demand for clean water due to rapid urbanization and industrialization, coupled with diminishing freshwater resources, is anticipated to propel the product demand over the forecast period.

Market Share Insights

January 2020: Energy and Water Development Corp. (EAWD) sold its self-sufficient energy supply AWG system to a Mexican company engaged in manufacturing bottled waters.

February 2019: Bharat Electronics Limited launched its new atmospheric water generator.

Key Companies profiled:

Some prominent players in the global Atmospheric Water Generator market include

• Akvo Atmospheric Water Systems Pvt. Ltd.
• Dew Point Manufacturing
• Ray Agua
• WaterMaker India Pvt. Ltd.
• PlanetsWater
• Water Technologies International, Inc. (WTII)
• SkyWater Air Water Machines
• Drinkable Air
• Energy and Water Development Corp. (EAWC)
• Atlantis Solar
• EcoloBlue, Inc.

Order a free sample PDF of the Atmospheric Water Generator Market Intelligence Study, published by Grand View Research.

Atmospheric Water Generator Market to show CAGR of 20% till 2024

17 October 2018, The global Atmospheric Water Generator (AWG) Market is expected to witness growth at a CAGR of over 20% in the forecast period (2016 to 2024). Rising demand for these products across large-scale industries; like oil & gas, steel, and paper should positively impact the industry. Moreover, technological improvements giving high water output also generate more sales.

Declining availability of fresh water resources along with higher infrastructural expenses are said to drive the industry. Prices of machines from different manufacturers vary depending on applications, product efficiency, and quality. Most market products need ample electricity which could be impossible at some places, restraining the growth of this market.

However, technological advancements in AWG products to provide on-board power supply; for example, solar panels can positively influence the industry during the next eight years. Also, several dealers in the supply chain may pose industry challenge, resulting in unwanted hold-ups through manufacturing. Hence, the incorporation of AWGs across the value chain would be the key to market sustenance from 2016 to 2024.

However, high costs of industry products, along with high energy consumption, limit further penetration, especially in residential applications. Manufacturers will come up with innovative technologies and production methods to lower the overall costs of products to gain attention from residential & commercial users. The atmospheric water generator market is categorized into products, applications, and regions.

Browse Details of Report @ https://www.hexaresearch.com/research-report/atmospheric-water-generator-market

Products comprise cooling condensation and wet desiccation. Cooling condensation AWGs are the most commonly utilized. These generators occupied over 95 % of the total shares in 2015. Various technological developments related to lower power consumption & costs are projected to augment segment growth till 2024.

Lack of customer awareness about wet desiccation products coupled with their complex mechanism should restrict their growth. However, substitution of crystalline brine salts with liquid brine to enhance air moisture extraction is likely to boost the demand for wet desiccation AWGs in the eight years ahead.

Applications include residential, industrial, and commercial. Residential led the market in the past and is said to continue likewise during 2016 to 2024. Demand for AWGs from this segment should grow at a CAGR of over 14 % over the forecast period. Commercial applications are estimated to grow at the highest rate of over 19 % in the near future. Industrial will observe substantial expansion.

Regions in the worldwide atmospheric water generator market are Latin America, Asia Pacific, Europe, North America, and the Middle East & Africa. Demand in MEA is projected to grow at a CAGR of 18 % till 2024. Its awareness regarding AWG benefits can drive the regional industry. India and China may experience high gains on account of their rising urbanization and changing lifestyles.

Moreover, higher prevalence of water scarcity and unusual rainfalls in India would propel the demand for ideal water production alternatives. This is forecast to positively influence the Indian market. The huge need for power supply for AWGs renders it impractical for usage across few geographical regions. Some of the eminent players in the global market encompass Fujian Yuxin Electronic Co. Ltd.; Watair Inc.; Ambient Water Corp.; and Technocom Pvt. Ltd.

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/next-generation-technologies-industry