Atmospheric Water Generator Market Share, Scope Analysis 2023-2029
The global Atmospheric Water Generator Market size was valued at USD 2,672.5 million in 2021 and is poised to grow at a significant CAGR of 9.3% during the forecast period 2023-29. The primary factors that drive the market are water shortage, climate change, increasing demand for freshwater, rapid industrial development, growth of population, and suitable government initiatives. The global atmospheric water generator market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share. In October 2021, the world’s first onboard atmospheric water generator for RVs and campers was launched by Watergen.
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The global atmospheric water generator market segmentation:
- By Product Type: Cooling Condensation and Wet Desiccation
- By Application: Industrial, Commercial, and Residential
Based on product type, cooling condensation holds the highest market share. The major factor for the rise of this segment is that is highly accepted in the production of atmospheric water generators. The refrigerant is distributed to cool the temperature of air beneath the dew point. Then, the condensate is gathered in a holding tank and additionally purified and filtered to decrease the risk of bacteria, viruses, and other impurities. These systems are more economical in high moisture and high-temperature conditions. Moreover, it can be installed easily and maintained. These factors can drive the global atmospheric water generator market growth.
Asia Pacific Atmospheric Water Generator Market
The Asia Pacific leads the global atmospheric water generator market growth due to reducing supplies of freshwater and shortage of water. The Asia Pacific leads the global market due to quick economic development in the region, accompanied by increasing infrastructural processes. Apart from this, the major factor that drives the market in this region is rising urbanization in India along with altering lifestyles of the consumer is expected to surge the requirement for pure water which can accelerate the market growth.
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Key players’ profiles in the atmospheric water generator market report are Akvo Atmospheric Water Systems Pvt. Ltd., Dew Point Manufacturing, Ray Agua, PlanetsWater, Water Technologies International, Inc., SkyWater Air Water Machines, Hendrx Water, Atlantis Solar, EcoloBlue, Inc., and Air 2 Water Solutions.
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