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Industry Drivers
Atmospheric Water Generator Market size surpassed USD 3 billion in 2022 and is estimated to depict more than 16% CAGR between 2023 and 2032. The growing scarcity of fresh drinking water reserves, especially in areas where rivers are polluted will drive the market demand.
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With the world population growing at a rapid pace every year, vital water reserves have started to deplete. The subsequent lack of tap water supply is prompting residential and commercial customers to either purchase bottled drinking water, or look for other safe water supply options, thereby enhancing atmospheric water generator market demand.
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 product demand, as most customers are seeking eco-friendly appliances to decrease their carbon emissions.
| Report Coverage | Details |
|---|---|
| Base Year: | 2022 |
| Market Size in 2022: | 3.35 billion (USD) |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 16.5% |
| 2032 Value Projection: | 13.45 billion (USD) |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 310 |
| Tables, Charts & Figures: | 215 |
| Segments covered: | Type, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Concerns about water safety boost installation of cooling condensation generators
The cooling condensation segment in the atmospheric water generator market is predicted to register 8% growth rate during the forecast period. 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.
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 generators can help solve these issues by offering a chemical-free and reliable source of water supply, reducing dependence on bottled water.
Growing network of industries to accelerate adoption of AWGs for water production
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The industrial applications valuation in the AWG market was more than USD 2.5 billion in 2022. Industries are among the most significant consumers of AWG systems, as several large-scale and critical operations require a constant supply of clean water. Optimal usage of water in different industrial sectors is essential to keep factories running for longer periods.
Factory owners are shifting focus toward various advanced water production technologies like industrial cooling generators to ease their access to this vital resource. The incorporation of such systems is becoming critical as the current water scenario is changing at a rapid pace in terms of access, quantity, and quality, which may favor the market growth.
Strict water safety norms may boost the North America market revenue
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North America atmospheric water generator market is expected to record a CAGR of more than 15% through 2032, 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
Some of the leading players in the AWG 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., among others. 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.
The 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:
Market, By Product
- Cooling Condensation
- Wet Desiccation
Market, By Application
- Industrial
- Commercial
- Residential
The above information is provided on a regional and country basis for the following:
- 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
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