Atmospheric Water Generator (AWG) Market Analysis

Atmospheric Water Generator Market Analysis

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.
 

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.
 

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.