Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.68 Billion | USD 7.62 Billion | 12.3% | 2023 |
Zion Market Research has published a report on the global Atmospheric Water Generator Market, estimating its value at USD 2.68 Billion in 2023, with projections indicating that it will reach USD 7.62 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 12.3% over the forecast period 2024-2032.
The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Atmospheric Water Generator industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
The production of atmospheric water refers to the technique of water from the atmosphere of different purity grades. Atmospheric water generation has been primarily driven owing to increasing demand for fresh water. Frequent changes in global climate have resulted in increased temperatures worldwide on averagely, leading to a decline in the quantity of fresh water available to humans for residential, commercial, and industrial purposes.
The decrease in freshwater levels and degradation of water supplies, along with the rapid growth of infrastructure, are projected to fuel the demand for freshwater, which will in turn fuel the demand for atmospheric generator water over the forecast period.
The major driver of the worldwide atmospheric water generator market is the growing awareness of the adverse effects of climate change on the global freshwater supply. Moreover, rapid urbanization and industrialization particularly in emerging economies have given rise to water scarcity. According to World Health Organization (WHO) report, more than half of the world population is affected by water-borne ailments.
Thereby, several governments across the regions have taken initiatives to build an infrastructure for atmospheric water generation to cater pollutant-free water for residential, commercial, and industrial needs.
The global atmospheric water generator market can be divided based on product, and application.
Based on the product type, the global atmospheric water generator market has been categorized into wet desiccation machines, and cooling condensation machines. Due to technological breakthroughs in the replacement of sage salt with liquid brine, the wet desiccation machines segment is expected to dominate the market to improve moisture separation from air. In addition, higher performance along with widespread cooling condenser accessibility has contributed to the growth of the segment of cooling condensers.
On the basis of application, the market has been segmented into industrial, commercial, and residential. The industrial segment dominates the market.
Report Attributes | Report Details |
---|---|
Report Name | Atmospheric Water Generator Market |
Market Size in 2023 | USD 2.68 Billion |
Market Forecast in 2032 | USD 7.62 Billion |
Growth Rate | CAGR of 12.3% |
Number of Pages | 110 |
Key Companies Covered | Fujian Yuxin Electronic Co., Ltd., WaterMicronWorld, Watair Inc., Dew Point Manufacturing, Dew Point Manufacturing, Ambient Water, Konia Saisons, Planets Water, Air2Water LLC, Technocom Pvt. Ltd., WaterMaker India Pvt. Ltd., Water Technologies International, Inc., Island Sky Corporation, Atlantis Solar, Eurosport Active World Corporation Technologies, and Ecoloblue, Inc. among others |
Segments Covered | By Product, By Application And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The Asia Pacific dominated the global atmospheric water generator market, in which India and China played a major role in the regional market growth. Rising commercial and residential expenditures in regions such as Indonesia, China, and India are expected to drive the atmospheric water generator demand over the forecast period. The Middle East & Africa is anticipated to witness the fastest growth in future years ahead due to the shortage of freshwater reserves along with the high costs involved in deploying desalination plants in the global market.
Some main participants of the atmospheric water generator market are
By Product
By Application
Atmospheric Water Generator Market: Regional Segment Analysis
FrequentlyAsked Questions
An atmospheric water generator (AWG) is a machine that uses a refrigeration cycle, such to that found in air conditioning systems, to draw water out of humid ambient air. AWGs are especially helpful in places where water shortage is a problem or in locations with high humidity because they are made to create drinkable water by condensing moisture existing in the air.
As solar and other renewable energy sources become available, AWGs become even more sustainable and appropriate for rural locations without access to conventional power sources.
Zion Market Research has published a report on the global Atmospheric Water Generator Market, estimating its value at USD 2.68 Billion in 2023, with projections indicating that it will reach USD 7.62 Billion by 2032.
The market is expected to expand at a compound annual growth rate (CAGR) of 12.3% over the forecast period 2024-2032.
The Asia Pacific dominated the global atmospheric water generator market, in which India and China played a major role in the regional market growth. Rising commercial and residential expenditures in regions such as Indonesia, China, and India are expected to drive the atmospheric water generator demand over the forecast period. The Middle East & Africa is anticipated to witness the fastest growth in future years ahead due to the shortage of freshwater reserves along with the high costs involved in deploying desalination plants in the global market.
Some main participants of the atmospheric water generator market are Fujian Yuxin Electronic Co., Ltd., WaterMicronWorld, Watair Inc., Dew Point Manufacturing, Dew Point Manufacturing, Ambient Water, Konia Saisons, Planets Water, Air2Water LLC, Technocom Pvt. Ltd., WaterMaker India Pvt. Ltd., Water Technologies International, Inc., Island Sky Corporation, Atlantis Solar, Eurosport Active World Corporation Technologies, and Ecoloblue, Inc. among others.
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