This generator generates enough water using thermodynamic properties, conventional processes, and an electronic management system. A purifier, a water filter, a compressor, a water condenser, an air filter, a carbon filter, and a water tank make up the fundamental components of water generator. The focus of attention for significant market players has been the development of enhanced generators for a variety of sectors. The deployment of smart systems in new product launches is accelerating the development of the market across the globe.
Global Atmospheric Water Generator Market size was valued at USD 2.73 Billion in 2021 and is projected to reach USD 10.19 Billion by 2030, growing at a CAGR of 8.57 % during the forecast period from 2022 to 2030.
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Governments all over the world are working to raise the bar for water purification. In addition, governments continue to adopt a number of programs that will allow them to provide consumers with clean and secure water in an effort to lower the risk of disease. Water that has been cleaned and purified for consumption could be produced by atmospheric water generators. The government and private sectors will have higher desire for worldwide AWG market during the forecast period due to growing public health worries. A number of European governments are working to create a substitute for pricey packaged bottled water, which will present a wealth of business expansion possibilities for major players.
However, atmospheric water producers need a constant energy source to function properly. The excessive use of energy, however, restrains small-scale industries’ ability to expand, which hurts the expansion of the worldwide market. Furthermore, heavy energy use is closely linked to the greater part of environmental worries. However, it is noted that the invention of energy-efficient generators is a possible remedy to this constraint.
Key Players
Drinkable Air Technologies
Atmospheric Water Generator, LLC
Island Sky Corporation
GENAQ Technologies S.L.
Clean Wave Products
Eshara Waters
Dew Point Manufacturing
Segmentation
By Technique
Cooling Condensation
Wet Desiccation
By Capacity
Up to 60 Liters
60-500 Liters
500-1000 Liters
More Than 1000 Liters
By Device Mobility
Portable
Fixed
By Application
Industrial
Commercial
Residential
By Region
North America (US, Canada, Mexico);
Europe (UK, Germany, France, Italy, Spain, Rest of Europe);
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific);
Middle East & Africa (GCC, South Africa, Rest of Middle East & Africa);
South America (Brazil, Argentina, Rest of South America);
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Market Dynamics
Drivers
- The necessity for clean water to consumption has grown as a result of growing health concerns.
- increasing water consumption and water scarcity.
Challenges
- Increased electricity usage while processing & generating water.
- Regular cleaning & maintenance is necessary.
Opportunities
- Increasing government funding and programs.
- shifting attention to product innovations to boost the capacity for producing water.
Product Insights
The cooling desiccation product segment led this industry and accounted for 99.2% of the revenue share in 2022. Water scarcity issues resulting in drought conditions in various countries across the globe coupled with rising demand from industries and the commercial sector are expected to augment the segment growth over the forecast period.
Cooling condensation primarily utilizes electronic and electrical components for water generation. Growing industrial activities in the country such as Germany, the U.S., and China, coupled with the high-water output offered by the cooling condensation atmospheric water generators, are expected to have a positive impact on product demand over the forecast period.
The demand for wet desiccation is expected to grow at a CAGR of 7.9% from 2023 to 2030 in terms of revenue. Wet desiccation technology is comparatively new and is primarily used in army base camps and large-scale industries. The dehumidifier is absent in the wet desiccation technique, due to which energy expenditure is comparatively less as compared to cooling condensation.
Wet desiccation atmospheric water generators use brine solution containing salts that may result in corrosion. As governments have outlawed the use of these toxic inhibitors, the demand for wet desiccation-based atmospheric water generators is likely to grow at a slower rate. To reduce this, several inhibitors are required which have high toxicity levels.
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