Atmospheric Water Generator (AWG) Market Size By Product (Cooling Condensation, Wet Desiccation), By Application (Industrial, Commercial, Residential) & Forecast, 2023 – 2032

Industry Drivers

Atmospheric Water Generator Market size valued at USD 3.5 billion in 2022 and is anticipated to expand at 16% CAGR from 2023 to 2032.

The growing scarcity of fresh, drinking water reserves will promote the usage of atmospheric water generators (AWGs). AWGs extract moisture from the surrounding air and filter the same to eliminate harmful bacteria and particulates. These systems play a vital role in areas where rivers are polluted, thereby ensuring the safety of residents by offering clean potable water. They are also suitable for domestic applications as homeowners do not have to depend on bottled drinking water.
 

To get more details on this report: Request Free Sample PDF
 

The climate changes accompanied by insufficient rainfall are affecting water precipitation, thereby leading to a decline in freshwater reserves. Rapid urbanization and industrialization along with increasing population are contributing toward depleting water resources and subsequently promoting the atmospheric water generator market share.
 

According to statistics published by UNICEF, more than two-thirds of the global population faces the threat of severe water scarcity for at least one month every year. Additionally, almost 2 billion people live in nations that receive inadequate water supply, which will further improve product consumption. Increasing investments in technological innovations have led to the development of AWG technology this will stimulate the industry growth.
 

Although AWGs can help overcome challenges associated with maintaining the supply of clean drinking water, these machines often have a high carbon footprint. This factor may inhibit the atmospheric water generator market demand, as most customers are seeking eco-friendly appliances to decrease their carbon emissions. One of the major causes behind the large carbon footprint of AWGs is the power source used to run them. For instance, AWGs that are powered by coal-based electricity have much higher carbon emission levels as compared to reverse osmosis units and desalination, which can hamper their installation.
 

Concerns about water safety boost installation of cooling condensation generators

To get more details on this report: Request Free Sample PDF
 

The atmospheric water generator market size from the cooling condensation segment is predicted to register more than 8% CAGR through 2032. AWG technology utilizes a cooling condensation process that produces drinkable water, which can be used in a wide range of commercial, residential, and industrial applications. The technological advancements to reduce equipment cost and power consumption are estimated to propel the market expansion.
 

Demand for safe and reliable access to drinking water is growing steadily, with customers becoming increasingly concerned about the presence of contaminants. In addition, it is becoming inconvenient for residents to get a consistent supply of water due to scarcity, driving the consumption of bottled water across the globe. Cooling condensation air water generators can help solve these issues by offering a chemical-free and reliable source of water supply, reducing dependence on bottled water and in turn augmenting the market growth.
 

Growing network of industries to accelerate adoption of AWGs for water production

To get more details on this report: Request Free Sample PDF
 

The atmospheric water generator market share from industrial applications segment dominated over USD 2.5 billion revenue in 2022. Industries are one of the important users of water; therefore, the optimal use of water in various industrial sectors is essential along with the adoption of various technologies for water production. The incorporation of technologies is essential owing to the fast-changing water scenario in terms of water access, quantity, and quality, favoring the market revenue.
 

The high water-consuming industries, such as agriculture, fashion, energy, meat, beverage, construction, mining, and car, are anticipated to boost the industry demand. The growing demand for water to satisfy the needs of the industrial sector along with changing climatic conditions is set to drive the market size.
 

Strict water safety norms may favor the North America market forecast

North America atmospheric water generator (AWG) market accounted for USD 315 Million revenue in 2022 and is expected to record around 15% CAGR during the forecast period. Atmospheric water generators are gaining significant momentum owing to the introduction of favorable regulatory norms for easier access to safe and clean water in public drinking water systems. Regulatory bodies across the region have laid down several laws and regulations to ensure the overall safety of their citizens.
 

According to the U.S. CDC, more than 90% of American citizens receive their tap water from community water systems. These systems are subject to high safe water drinking standards, such as the ones set forth by the U.S. Environmental Protection Agency (EPA) to provide residents easier access to clean and contaminant-free water. Governments are also encouraging the installation of AWGs in inaccessible parts of the region to facilitate an immediate and adequate supply of drinkable water.
 

Strategic alliances among key players to propel atmospheric water generator sales

Prominent participants operating across the atmospheric water generator market include Air2Water LLC, Ray Agua, Akyo Atmospheric Water Systems Pvt Ltd, Eshara Water, Atlantis Solar, Canadian Dew Technologies Inc, Shenzhen FND Air & Water Technology Development, and Atmospheric Water Solutions, InC.. These firms are planning to expand their market presence by commercializing their AWG systems in countries that do not have easy access to safe drinking water.
 

For instance, in January 2020, Energy and Water Development Corp. announced that it was selling its self-sufficient energy supply atmosphere water generation system to a Mexican company. The system was meant to be utilized by one of the major water players in the Mexican market to bottle clean water, thereby helping the firm increase its sales in the country.
 

COVID-19 impact on AWG market trends

Despite its wide-ranging impact on various industries worldwide, the COVID-19 pandemic has had a positive effect on global AWG industry trends, as the need for immediate access to clean water grew at a notable rate during this period. The outbreak prompted governments to increase their focus on sanitation to mitigate the spread of the virus. However, according to UNICEF data, during the onset of the pandemic in 2020, 3 out of 10 people across the world could not wash their hands with soap and water in their homes due to a lack of safe access to fresh water. Factors such as these may have propelled the sales of AWGs to address water scarcity issues, creating a favorable environment for market growth.
 

This atmospheric water generator 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 2018 to 2032 for the following segments:

Click here to Buy Section of this Report

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
• Asia Pacific
  • China
  • India
  • Indonesia
  • Malaysia
  • Thailand
  • Australia
• Latin America
  • Brazil
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa