The global atmospheric water generator market size was valued at USD 1,940.8 million in 2019 and is projected to reach USD 6,214.9 million by 2027, exhibiting a CAGR of 18.1% during the forecast period.

Fortune Business Insights™ has deep-dived these inputs in its latest research report, titled, “Atmospheric Water Generator Market, 2024-2032.”

According to the analysis, soaring demand for potable water will propel the demand for atmospheric water generators (AWG) across emerging and advanced economies. AWG has come up as a budget-friendly alternative to bottled water. The adoption of advanced electronic devices and the internet of things (IoT) will act as a significant growth enabler over the next few years.

Report Coverage

The report offers a comprehensive perspective of the market size, share, revenue and volume. It has deep-dived into SWOT analysis. Quantitative and qualitative assessments have provided a holistic view of the market. The primary interviews validate assumptions, findings and the prevailing business scenarios. The report also includes secondary resources, such as annual reports, press releases, white papers and journals. The research report also delves into pre-and post-COVID analysis to provide a holistic market view.

Market Segmentation

The AWG market is segmented based on technology type, application, and region.

By Technology Type:

• Cooling Condensation: This is the most widely used technology in AWGs. It works by cooling the air to condense the water vapor, collecting it as liquid water. Due to its efficiency and cost-effectiveness, cooling condensation dominates the market share.
• Desiccant-Based: This technology uses desiccants (materials that absorb moisture) to extract water from the air. Desiccant-based AWGs are gaining traction in extremely dry regions where cooling condensation might not be as effective. Although less common, desiccant technology is projected to grow at a higher rate due to its potential in arid environments.

By Application:

• Residential: The residential sector is a significant market for AWGs, especially in areas where access to clean water is limited. The demand for small, affordable units for homes and communities is expected to increase as awareness about water scarcity grows.
• Commercial: AWGs are increasingly being used in offices, hotels, and public facilities. The commercial segment represents a considerable market share due to the need for sustainable water sources in high-consumption areas.
• Industrial: Industries that require large quantities of water, such as food and beverage, agriculture, and manufacturing, are adopting AWG technology to reduce dependence on traditional water sources. The industrial application segment is one of the fastest-growing sectors due to rising regulatory pressures and sustainability initiatives.
• Military and Government: Governmental bodies, especially in water-scarce regions, are investing in AWGs for emergency and disaster relief, as well as for military purposes. This segment is expected to see steady growth due to the critical need for potable water in such applications.

Drivers and Restraints

Escalating Scarcity of Water to Boost Industry Growth

Burgeoning industrialization and soaring population have propelled atmospheric water generator market share. With the high water consumption, leading organizations could expand their penetration globally. The United Nations World Water Development Report 2019 asserted that water consumption could surge by 20 to 30% compared to current water use. Lately, air to water technology has gained prominence as a source of clean water. The World Health Organization claims that more than half of the world population will reside in water-stressed areas by 2050. Amidst the rising scarcity of water and growing water demand, industry players will continue to invest in the portfolio. However, the relentless need for electricity and high production costs could dent the industry growth.

Regional Insights

Asia Pacific to Gain Ground from Increasing Need for Producing Water

Asia Pacific market forecast will be strong on the back of the growing need for AWG to produce water. Emerging economies could be the primary recipients of atmospheric water generators amidst surging water scarcity. Asia Pacific could exhibit a 21.1% CAGR from 2020 to 2027 due to bullish demand from China and Southeast Asian countries.

The Middle East & Africa atmospheric water generator market growth will witness a notable gain due to the prevalence of hot weather conditions. The region has been majorly dependent on desalination plants and water bottles. Industry players have upped investments in the air to water systems to provide a budget-friendly approach to producing potable water. Moreover, GCC could be a major contributor to the global market share.

Competitive Landscape

Stakeholders Invest in Strategic Approaches to Tap into Markets

Prominent players could inject funds into mergers & acquisitions, product rollouts, technological advancements and R&D activities. Besides, significant companies could invest in innovations and product offerings in the ensuing period.

Get More Information: https://www.fortunebusinessinsights.com/atmospheric-water-generator-market-103321

Notable Industry Developments

• December 2019 – GENAQ Technologies announced bringing its water from air generators to the Big Five.
• February 2019 – Bharat Electronics Limited (BEL) rolled out its new atmospheric water generator with both static and mobile versions.

Major Players Profiled in the Market Report:

• Water-Gen Ltd. (U.S)
• Drinkable Air Technologies (U.S.)
• Island Sky Corporation (U.S.)
• Eurosport Active World Corporation (U.S.)
• Eshara Water (UAE)
• GENAQ Technologies S.L. (Spain)
• WaterMaker India Pvt. Ltd. (India)
• Atmospheric Water Generator, LLC (U.S.)