Market Outlook
According to the report by Expert Market Research (EMR), the global atmospheric water generator market size is projected to grow at a CAGR of 19% between 2024 and 2032. Aided by the increasing demand for portable water, the market is expected to grow significantly by 2032.
Atmospheric water generators are devices designed to extract water from humid ambient air. These machines work by cooling the air to its dew point, causing water to condense and be collected. The technology offers a revolutionary approach to mitigating the water crisis, particularly in regions with high humidity but limited access to surface or groundwater.
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The atmospheric water generator market growth is primarily driven by the increasing global demand for potable water amidst dwindling natural resources. Climate change, pollution, and over-exploitation have led to a severe reduction in clean water sources, making AWGs a viable alternative for both individual and communal needs.
Urbanisation and industrialisation are also key factors boosting the atmospheric water generator market demand. As cities expand, the stress on traditional water supply systems intensifies, thereby escalating the need for alternative water sources. AWGs, with their ability to produce water independent of rivers, lakes, or groundwater, present a sustainable solution.
In addition to addressing water scarcity, AWGs are applauded for their environmental sustainability. They reduce the reliance on bottled water, cutting down plastic waste significantly. Furthermore, advancements in AWG technology have made these devices more energy-efficient, which contributes to their growing popularity.
Geographically, the Asia Pacific region accounts for a significant portion of the atmospheric water generator market share due to the increasing water scarcity in populous countries like India and China and the rapid industrial growth in the region.
Looking ahead, the market is poised for substantial growth. The increasing awareness of water scarcity issues, coupled with technological advancements, is expected to drive market expansion. Additionally, as global efforts to combat climate change intensify, sustainable technologies like AWGs will likely receive more attention and investment.
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Market Segmentation
The market can be divided based on product, application, and region.
Market Breakup by Product
- Cooling Condensation
- Wet Desiccation
Market Breakup by Application
- Industrial
- Commercial
- Residential
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global atmospheric water generator market. Some of the major players explored in the report by Expert Market Research are as follows:
- Akvo Atmospheric Water Systems Pvt. Ltd.
- Dew Point Manufacturing
- Saisons Trade & Industry Private Limited
- WaterMaker India Pvt. Ltd.
- PlanetsWater
- Water Technologies International, Inc. (WTII)
- SkyWater Air Water Machines
- Others
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