Atmospheric Water Generator (AWG) Market Size By Product (Cooling Condensation, Wet Desiccation), By Application (Industrial, Commercial, Residential), Industry Outlook Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026

Published Date: Jun 2020  |  Report ID: GMI186  |  Authors: Kunal Ahuja, Sonal Singh

Report Format: PDF   |   Pages: 257   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Lack of sufficient water resources globally to support atmospheric water generator demand

Atmospheric Water Generator (AWG) Market size exceeded USD 1.7 billion in 2018 and is estimated to grow at over 30% CAGR between 2019 and 2026. The purification process involved in the atmospheric water generator system may influence the industry growth as it ensures optimum purity level that lies in the prescribed category frame worked by regulatory bodies.
 

Atmospheric Water Generator (AWG) Market

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The growth of the atmospheric water generator market can be attributed to factors such as declining fresh water reserves due to climate changes along with insufficient rainfalls. As per market analysis, the stream of freshwater is being consumed at an unsustainable rate across the globe. As per the world bank report, water is being removed from ground sources fifteen times faster than it is being replenished. This implication has resulted in market growth as it has led to the adoption of atmospheric water generator infrastructure for both residential and commercial applications.
 

The market growth is highly centric in water-stressed or water contaminated areas, as this technology is considered as reliable sources of clean, safe water. Increased product demand in domestic applications is also likely to boost the market growth.
 

Increasing investments and upcoming product innovations will influence the market. This novel technique has wide application scope in agriculture, military, and oil & gas applications. The market size is largely influenced by declining water reservoirs coupled with a rise in water consumption propelled by the growing population. Key players are engaged in improving the existing technology platform to improve efficiency and productivity.
 

Enhanced performance efficiency of cooling condensation will fuel the AWG market growth

Cooling condensation segment captured more than 90% of the atmospheric water generator market share in 2018. R&D endeavors taken by research institutes and key manufacturers to support industry growth as products with features such as enhanced performance efficiency and low power consumption needs are introduced. Moreover, residential application is influenced by factors including low maintenance cost, capital investment, and less power consumption.
 

Cooling condensation turns water vapor into dew by lowering down humid air temperature and has wide application scope in institutions, households, and industries such as paper, oil & gas industry led by high output and simple mechanism. Government support in the form of tax incentives along with enhanced supply chain networks ranging from manufacturers to retail stores in the Asia Pacific and the Middle East is likely to fuel the segment demand
 

Easy operation and high output ratio of atmospheric water generator will propel the demand in residential sector

AWG Market

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The residential application is projected to witness significant gains through 2026 owing to growing awareness regarding water scarcity issues. Moreover, market demand across the residential application is also rising impelled by rapid urbanization coupled with changing consumer lifestyles. Increasing incidences of water deficiency across various parts of the world and unusual rainfalls is augmenting the market.
 

Agrarian economic countries will spur atmospheric water generator demand across Asia Pacific

MEA AWG Market

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Asia Pacific atmospheric water generator market is poised to observe significant growth through 2026 on account of a large number of buyers for atmospheric water generators present in this region driven by prevailing water scarcity issues. Ineffective water management, stringent regulation for water consumption and conservation, rapid infrastructural development, and falling rainfall levels are the significant industry trends augmenting atmospheric water generators sales across this region.
 

Consumer inclination towards sustainable agriculture has promoted the use of renewable AWG systems for irrigation across the Asia Pacific. Additionally, AWG also provides favorable growth stimulators for enhancing plant growth. Companies can enhance their market share by developing products with respect to varying applications including irrigation and drinking.
 

Mergers & acquisitions and R&D initiatives will remain key growth strategies

Some of the major companies operating in the atmospheric water generation market are Alchemy Sun and Water, Amigoz, Ambient Water Corporation, Air to Water Technologies, Inc., Aquacello, Atlantis Solar, Canadian Dew Technologies Inc., CYBEXNT Group, Drinkable Air, Inc. and EAWC Technologies.
 

Key market leaders are adopting strategies such as mergers & acquisitions, strategic partnerships & collaborations, and R&D investments to enhance their share.
 

This market research report on atmospheric water generator includes in-depth coverage of the industry, with estimates & forecast in terms of volume in units and revenue in USD million from 2015 to 2026, for the following segments:

Market, By Product

  • Cooling condensation
  • Wet desiccation

Market, By Application

  • Industrial
  • Commercial
  • Residential

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Indonesia
    • Malaysia
    • Thailand
    • Australia
  • LAMEA
    • Brazil
  • MEA
    • South Africa
    • Saudi Arabia
    • UAE

 

Frequently Asked Questions (FAQ) :

The market size of atmospheric water generator was valued over USD 2.27 billion in 2019.
The industry share of atmospheric water generator market is projected to witness 25% growth rate during 2020 to 2026.
Middle East & Africa market valuation was over USD 371.5 Million in 2019 and is expected to observe 30% CAGR during the forecast timeframe.
According to the analysts at GMI, the wet desiccation product segment crossed USD 38 Million in 2019 and is predicted to witness 30.5% growth through 2026.
This market is moderately fragmented with key manufacturers including Air2Water, LLC, Aquacello, Ray Agua, Atlantis Solar, SkyH2O, Inc., Sun-To-Water Technologies, LLC, MSP Technology, LLC, and Saisons Technocom Pvt. Ltd.
AWG demand from residential application was estimated at 31,062 units in 2019 and will rise substantially till 2026. Rising water scarcity issues in the remote areas will foster water utilization, influencing the market demand.

Premium Report Details

  • Published Date: Jun 2020
  • Pages: 257
  • Tables: 136
  • Charts / Figures: 66
  • Companies covered: 49
  • Countries covered: 15

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