Atmospheric Water Generator (AWG) Market Size

Atmospheric Water Generator Market Size

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.

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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.