Overview and Scope
Atmospheric water generator (AWG) refers to a system that runs on sophisticated technology that produces potable water from the surrounding air. This product can increase water availability during scarcity, contamination, and other issues that disrupt drinking water services.
Sizing and Forecast
The atmospheric water generator market size has grown rapidly in recent years. It will grow from $3.14 billion in 2023 to $3.67 billion in 2024 at a compound annual growth rate (CAGR) of 17.0%. The growth in the historic period can be attributed to strengthening water infrastructure, increasing demand for potable water and rising urbanization.
The atmospheric water generator market size is expected to see rapid growth in the next few years. It will grow to $6.04 billion in 2028 at a compound annual growth rate (CAGR) of 13.3%. The growth in the forecast period can be attributed to increasing government initiatives, increasing world population, increasing water scarcity and high number of people living in water-stressed countries. Major trends in the forecast period include developing atmospheric rv water generators, developing 4th generation of atmospheric water generators, developing internet of things (iot) integrated atmospheric water generators, focusing on research and developments, focusing product innovation and focusing strategic partnerships.
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Segmentation & Regional Insights
The atmospheric water generator market covered in this report is segmented –
1) By Type: Cooling Condensation, Wet Desiccation
2) By Application: Industrial, Commercial, Residential
Asia-Pacific was the largest region in the atmospheric water generator market in 2023, and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the atmospheric water generator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing water scarcity will support the growth of the atmospheric water generator market. Water shortage is characterized as a lack of safe water sources or a water deficiency. For example, in February 2022, according to Global Citizen, an Australia-based international education and advocacy organization working to catalyze the movement to end extreme poverty, as Africa’â„¢s population continues to grow and climate change continues to rob the continent of its finite resources, it is predicted that by 2025, close to 230 million Africans will be facing water scarcity, and up to 460 million will be living in water-stressed areas.
Key Industry Players
Major companies operating in the atmospheric water generator market report are Water-Gen Ltd., Akvo Atmospheric Water Systems Pvt. Ltd., Drinkable Air Technologies, SOURCE Global, Ray Agua, Island Sky Corporation, Water Generating Systems LLC, WAIEA Water Solutions, EcoloBlue, Drupps, Watair Inc., WaterMaker India Pvt Ltd., Planets Water, Fujian Yuxin Electronic Co Ltd., Akvosphere, Bestway (Shanghai)Technology Co. Ltd., Guangdong Laswim Water Environment Equipment Co. Ltd., Dew Point Manufacturing, Water Technologies International Inc., Skywater Air Water Machines, Hendrx Water, Energy and Water Development Corp. (Eawc), Genaq Technologies S.L., Air 2 Water Solutions, AeroNero, Tsunami Products Inc., AquaViable Solutions Inc., Canadian Dew Technologies Inc., Green Technology Global Inc., Satus Ager S.A, Tecnoseeds, GlobeNatural, De Alimentos, Adm Do Brasil Ltda, GENAQ, H2O Biofouling Solutions B.V., Eshara Water, Buserve Limited, Aqua Air Africa.
The atmospheric water generator market report table of contents includes:
1. Executive Summary
2. Atmospheric Water Generator Market Characteristics
3. Atmospheric Water Generator Market Trends And Strategies
4. Atmospheric Water Generator Market – Macro Economic Scenario
5. Global Atmospheric Water Generator Market Size and Growth
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31. Atmospheric Water Generator Market Other Major And Innovative Companies
32. Global Atmospheric Water Generator Market Competitive Benchmarking
33. Global Atmospheric Water Generator Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Atmospheric Water Generator Market
35. Atmospheric Water Generator Market Future Outlook and Potential Analysis
36.Appendix
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