Atmospheric Water Generator (AWG) Market Size worth $16bn by 2026

Atmospheric Water Generator Market size is set to surpass USD 16 billion by 2026; according to a new research report by Global Market Insights, Inc.
 

Atmospheric water generator also known as water makers, extract water from humidity present in the atmosphere. This novel process uses condensation technique to extract water vapor from air by pressurizing the air, exposing the air to desiccants, or cooling the air below its dew point. The extracted water is then later purified several numbers of times to filter bacteria and other airborne particles. The key factor driving the market growth is the ability of the atmospheric water generator system to render potable water for residential, commercial and industrial applications.

 

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Declining sources of freshwater will support atmospheric water generator demand

Atmospheric water generator taps the atmosphere that holds around 37 million billion gallons of water which is significantly higher than freshwater present on earth. This factor is likely to boost atmospheric water generator (AWG) market size are seen as potential water security contributors. The product is significantly gaining traction at a global scale due to growing awareness regarding water scarcity issues. Rise in water consumption due to the growing population may have a positive influence on market growth.
 

Factors such as increased frequency of droughts, inadequate water infrastructures, and freshwater being pumped at unsustainable rates may foster avenues for market demand. Supporting regulatory guidelines by EPA, EU Commission and WHO pertaining to product usage for potable water is also likely to drive atmospheric water generator market size.
 

In addition, several agencies including World Bank and United Nations are investing heavily in technology related to water delivery systems. This development may initiate new growth prospects for market revenue.
 

Browse key industry insights spread across 250 pages with 137 market data tables and 54 figures & charts from the report, “Atmospheric Water Generator Market Size By Product (Cooling Condensation, Wet Desiccation), By Application (Industrial, Commercial, Residential), Industry Analysis Report, Regional Outlook (U.S., Germany, UK, France, Italy, China, India, Indonesia, Malaysia, Thailand, Australia, Brazil, South Africa, Saudi Arabia, UAE), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/atmospheric-water-generator-awg-market
 

Improved production efficiency of wet desiccation system will fuel atmospheric water generator (AWG) market growth

As per the market analysis, the product segment is classified into cooling condensation and wet desiccation. Wet desiccation atmospheric water generator market is expected to grow at CAGR of over 30% from 2019 to 2026. The product will gain traction in the global market due to factors such as low installation cost, and maintenance cost.
 

Key market players have improved the performance efficiency of wet desiccation machines as the use of liquid brine instead of brine salt has extracted a higher percentage of water particles from the humid air. In addition, widespread accessibility of the product across the U.S., Europe, and the Middle East will further enhance the overall industry size.
 

Increasing industrial water demand may upsurge atmospheric water generator penetration across industries

 Global atmospheric water generator (AWG) market from residential application

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The atmospheric water generator market, by application, has been segmented into industrial, commercial and residential applications. Atmospheric water generator has wide application scope in various industries such as oil & gas, paper, and steel industry. These sectors use desalinated water for drinking which incurs high water loss and cost.
 

The ability of atmospheric water generator systems to provide safe and clean water in a cost-effective way is likely to instigate industry growth. Further, factors such as stringent regulations for water conservation across the industrial sector, unproductive recycling of industrial wastewater for reuse are also responsible for the overall market demand.
 

Increasing technological innovations to reduce the power consumption rate will also augment market size. For instance, manufacturers are incorporating solar panels on AWG devices to improve power consumption efficiency. This development is anticipated to create lucrative market opportunities for manufacturers due to the growing adoption of sustainable production practices across the industrial sector.
 

Increasing awareness regarding water scarcity issue will fuel atmospheric water generator demand across North America

As per the market analysis, supportive regulatory programs to provide safe and clean drinking water across North America is likely to fuel regional share. The market growth across this region is also governed by product awareness among consumers. AWG systems work on renewable energy sources and are considered as eco-friendly as it uses atmospheric air for extracting water particles. This factor will also influence manufacturers' sales across the commercial sector as zero carbon footprint is becoming part of the business zeitgeist.
 

Key market players in the atmospheric water generator market are Air to Water Technologies, Inc., Alchemy Sun and Water, and Ambient Water Corporation. These companies are utilizing various strategies such as new product launch, partnerships and collaborations, strategic mergers & acquisitions, and R&D investment to gain significant market share. For instance, in September 2016, Ambient Water Corporation launched AW800, to address the growing demand from water-scarce regions. This product launch has significantly improved the market share of Ambient Water Corporation.
 

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