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Atmospheric Water Generator (AWG) Market Size by Product (Cooling Condensation, Wet Desiccation), By Application (Industrial, Commercial, Residential), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI186
  • Published Date: Mar 2022
  • Report Format: PDF

Industry Statistics

Atmospheric Water Generator Market size exceeded USD 2.65 billion in 2021 and is estimated to grow at over 18% CAGR between 2022 and 2028. Supportive regulatory guidelines by EPA, EU Commission and WHO pertaining to safe drinking water is likely to drive the industry growth.

Climate changes accompanied by insufficient rainfall have led to a decline in freshwater reserves which further fuels the demand for atmospheric water generators. Moreover, rapid urbanization and industrialization along with increasing population is another contributing factor towards depleting water resources.

Atmospheric Water Generator Market

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The atmospheric water generation market was moderately impacted due to the spread of COVID-19 as different governments imposed stringent lockdowns several times to curb the virus spread, this resulted in a complete shutdown of manufacturing units and factories in 2020. Also, the supply of raw materials was disrupted, thus the overall production of atmospheric water generators was affected, leading to increased production & product costs.

Although after the Covid-19 there is a significant rise in the demand for safe and clean water, especially in the domestic sector and in areas including camps for relief of migrant workers, quarantined places, isolated labs for testing of Covid virus, hospital beds using railway facilities, and where there is a disruption of water supply, therefore spur the atmospheric water generator demand post the covid-19.

Atmospheric water generation technology works in a similar manner as dehumidifiers. It condenses the atmospheric air passed over a cooling coil and causes water to condense. This system contains a device controlling mechanism which requires a high amount of power to function. However, coal-based electricity when used to power these devices have a high amount of carbon footprint generated from the water source. Hence, stringent regulatory norms regarding CO2 emission and high-power consumption may challenge industry revenue.

Cost-effective nature of wet desiccation and continuous advancement in its technology

Wet desiccation atmospheric water generator market is expected to reach USD 165 million by 2028, witnessing around 19.5% growth rate. Increasing consumer awareness towards the feasibility and benefits of the wet desiccation method should accelerate segment growth. Ceramic filters and carbon filters are used in wet desiccation, where ceramic filters are less expensive and used appropriately in the design process.

Additionally, a large variety of large wet technology has been developed which is more environmentally friendly as it uses passive solar energy and gravity. Rooftop solar hydro panels can also use solar power and solar heat during the day to generate drinking water quality. Wet desiccation devices consume less power as compared to cooling condensation AWG’s and are the most feasible water generator. Rising consumer consciousness coupled with stringent environmental policies is anticipated to propel market share.

Growing demand for water in industrial applications

Atmospheric Water Generator Market Size, By Industrial Application

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Industrial application is predicted to generate about USD 7,270 million revenue by 2028. Industrial atmospheric water generators produce above 10,000 litres of water per day and are widely used in agriculture, growing food crops, and fisheries industries. Also, it has wide application in the building industry and heavy manufacturing industries such as steel, paper, and oil & gas.

The growing demand for water to satisfy the needs of the industrial sector in line with changing climatic conditions is augmenting AWG market demand. According to a recent report, the European agriculture sector requires 44% of the freshwater resources for fulfilling its agricultural needs such as irrigation, crop cooling, frost control, fertilizer, and pesticide application should enhance the market growth.

Growing industrialization in the Asia Pacific

Asia Pacific Atmospheric Water Generator Market Size

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Asia Pacific atmospheric water generator market should observe the highest growth rate and is slated to account for a value of nearly USD 5,055 million by 2028. The rapid movement towards sustainability post COVID-19 combined with the increasing burden of scarce drinking water will foster the demand.

The increased pace of industrialization, population growth, and rapid urbanization has disturbed the natural hydrological cycle which has disrupted the quality of water. Further, climate change leading to inadequate rainfall and uneven groundwater precipitation has led to water scarcity supported by rising consumer movement towards alternative water generation methods, thereby stimulating regional growth.

Strategic mergers & acquisitions among industry participants

The market is highly fragmented in nature with the presence of a large number of players. Key companies in the atmospheric water generator market include Watergen Inc, AW International Ltd, Water Technologies International, Airwaterawg, Genesis Systems LLC, Aqua Sciences, Drinkable Air Florida Inc., and SOURCE Global, PBC. Several industry leaders are working on different strategies including capacity expansion as their key strategies to expand footholds. Also, working on research and development to improve its sustainability and lower their lower environmental footprint.

In February 2022, Net Zero Renewable Energy Inc entered into a letter of intent (LOI) with World Environmental Solutions Pty Ltd for the launch of Sola Hydra Cube design for domestic and commercial AWGs. The strategic collaboration is aimed to produce clean drinking water with renewable energy and help the company to gain a competitive advantage in the global market.

This market research report on atmospheric water generator includes in-depth coverage of the industry with estimates & forecasts in terms of volume in Units & revenue in USD million from 2017 to 2028, 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 region:

  • North America
    • U.S.
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Asia Pacific
    • China
    • India
    • Indonesia
    • Malaysia
    • Thailand
    • Australia
  • Latin America
    • Brazil
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The market size of atmospheric water generator crossed USD 2.65 billion in 2021 and may record 18% CAGR through 2028 driven by an increase in supportive regulatory guidelines by the WHO, EU Commission, and the EPA.

Wet desiccation AWG segment is anticipated to exceed USD 165 million by 2028 considering the rising consumer awareness regarding the feasibility and benefits of the wet desiccation.

Asia Pacific market is estimated to surpass USD 5,055 million until 2028 impelled by the growing burden of scarce drinking water.

Leading companies across the AWG industry comprise Drinkable Air Florida Inc., Genesis Systems LLC, AW International Ltd, Drinkable Air Florida Inc., Aqua Sciences, and others.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 53
  • Tables & Figures: 205
  • Countries covered: 15
  • Pages: 285

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