Atmospheric Water Generator (AWG) Market Size By Product (Cooling Condensation, Wet Desiccation), By Application (Industrial, Commercial, Residential), Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 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

Industry Trends

Atmospheric Water Generator Market size exceeded USD 2 Billion in 2019 and is estimated to grow at over 25% CAGR between 2019 and 2026. Increasing demand for clean drinking water will stimulate the market growth.
 

Rising AWG demand in regions impacted by water scarcity will fuel the market revenue. Relatively low rainfall coupled with climatic instability impacting water precipitation resulting in plummeting freshwater reserves which should accelerate the industry growth. Increasing industrialization and urbanization is another promoting factor towards plummeting water resources, boosting the market demand.
 

Increasing investments in technological innovations has led to development of AWG technology having wide application scope in agriculture, military and oil & gas applications thereby stimulating the atmospheric water generator market growth. Furthermore, rise in water consumption along with less availability of natural water reserves may have positive influence on product demand.  Companies engaged in modifying product design in a way to reduce carbon emission and power consumption is likely to drive the market size.
 

Atmospheric Water Generator (AWG) Market

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Growing end-use applications in the residential, commercial, and industrial sectors will have a positive impact on the industry size. It is anticipated that by 2050, at least 1 in 4 people is likely to live in a country which is affected by chronic or recurring fresh-water shortages. These factors will drive the demand for water generating products.
 

Atmospheric water generator has wide application scope in various industries such as oil & gas, paper, and steel industry.  These industries use desalinated water for drinking which incurs high water loss and cost. AWG systems provide safe and clean water in a cost-effective way. Technological innovations pertaining to power supply through renewable resources such as solar energy in these devices may have positive influence on the market growth.
 

Companies are investing on R&D activities, collaborations & partnerships, and capacity expansions to fulfill the growing product demand. COVID-19 has led to global lockdown of manufacturing plants and commercial spaces which may hamper the atmospheric water generator market demand. The virus spread has led to shutdown of schools, institutions, and manufacturing plant to prevent the infection. However, increasing water demand to fulfill requirements for quarantine centers, labs, and residential areas will have a positive impact on industry expansion.
 

Atmospheric Water Generator (AWG) Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 2.27 Billion
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 28.9% 2026 Value Projection: USD 11.49 Billion
Pages: 257 Tables, Charts & Figures: 202
Geographies covered (15): U.S., Germany, UK, France, Italy, China, India, Indonesia, Malaysia, Thailand, Australia, Brazil, South Africa, Saudi Arabia, UAE
Segments covered: Product, Application
Companies covered (49): Air2Water, LLC, Aquacello, Ray Agua, Atlantis Solar, SkyH2O, Inc., Sun-To-Water Technologies, LLC, MSP Technology, LLC, Saisons Technocom Pvt. Ltd., Akvo Atmospheric Water Systems Pvt Ltd, Ambient Water Corporation, Eshara Water, Atlantis Solar, Atmospheric Water Solutions, Inc. (Aquaboy), Canadian Dew Technologies Inc., Shenzhen FND Air & Water Technology Development, Drinkable Air, Inc, EcoloBlue, Inc, Element Four Technologies, Inc, Eole Water, Fujian Yuxin Electronics Equipment Co., Ltd, GWIEC ELECTRIC, Konia Water, World Environmental Solutions Pty Ltd., Planets Water Corp., Resotec Water, GENAQ, Bharat Electronics Ltd, Untapped Water Systems, Wataire Industries, Inc, Watermaker (India) Pvt. Ltd., Yueqing Kemao Electric Co., Ltd, GENERATION WATER COMPANY LIMITED Skywell, LLC, Quest Water Solutions, Zero Mass Water
Growth Drivers:
  • Middle East & Africa: Decline in freshwater reserves promoting AWG systems demand
  • Technological innovations
  • North America: Supporting regulations regarding safe drinking water which is likely to drive AWG demand
Pitfalls & Challenges:
  • High carbon footprint
  • High Power consumption

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Rising Wet Desiccation AWG demand to fulfill rising water requirements

Wet Desiccation atmospheric water generator market size crossed USD 38 Million in 2019 and is predicted to witness 30.5% growth through 2026. Wet desiccation AWG involves using salt in a concentrated brine that absorbs the ambient humidity. The system then extracts the water from the solution, and once purified, the potable water is ready for use. Wet desiccation purified water is widely used in military purposes. Rising clean water demand to reduce the chances of waterborne disease will boost the market growth.
 

Inadequate rainfall accompanied with lack of water availability should favor the industry growth. Increasing consumer awareness towards feasibility and benefits of wet desiccation method will propel the market value. Technological innovations pertaining to different effective soaking agents in wet desiccation device is further likely to drive the market growth.
 

Rising water utilization in residential buildings

AWG Market from residential application

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Atmospheric water generator market demand from residential application was estimated at 31,062 units in 2019. Companies offers large scale AWG which can produce drinkable water by installing large scale units on roof tops of residential buildings. Rising water scarcity issues in the remote areas will foster water utilization, influencing the market size expansion.
 

Atmospheric water generators are used in large societies to prevent water shortage issues in water scarce regions. Rising clean drinking water demand owing to increasing number of residential buildings will fuel the market revenue. Due to COVID-19, AWG technology demand is also rising for generating water for quarantine centers and isolated lab testing areas.
 

Rising AWG technology utilization in MEA

MEA AWG Market

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Middle East & Africa atmospheric water generator market valuation was over USD 371.5 Million in 2019 and is expected to observe 30% CAGR during the forecast timeframe. Lack of fresh water reserves due to growing desertification and climatic changes may drive the market growth. High cost incurred for water desalination for industrial and agricultural use has promoted use of AWG systems for water generation, thereby fostering the market size.
 

Increasing application scope in medical and healthcare sector due to rising demand for sterilized and safe drinking water to avoid water borne diseases may propel the market demand. Presence of various companies engaged in manufacturing various products for different applications to drive regional growth.
 

Partnerships and new product launch to remain key business strategies by market players

This AWG 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.
 

Players are implementing strategic initiatives including mergers & acquisitions, collaborations, and partnerships to expand product portfolio and improve market share. For instance, In May 2019, Quest Water Solutions partnered with American Venture Group as per the expansion of Build-Own-Operate business model strategy. AVMA will help the company by connecting with world leaders to develop and expand business opportunities.
 

The atmospheric water generator (AWG) market research report 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:

  • North America
    • U.S.
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Asia Pacific
    • China
    • India
    • Indonesia
    • Malaysia
    • Thailand
    • Australia
  • LATAM
    • 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.

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Premium Report Details

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

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