Atmospheric Water Generator - Global Market Outlook (2021-2028)

Atmospheric Water Generator - Global Market Outlook (2021-2028)

According to Stratistics MRC, the Global Atmospheric Water Generator Market is accounted for $1.81 billion in 2021 and is expected to reach $5.85 billion by 2028 growing at a CAGR of 18.2% during the forecast period. Atmospheric water generation is the technique of obtaining water of a variety of purity grades from the atmosphere. In atmospheric water generator, water vapour in the air is condensed either by cooling the air below its dew point, by exposing the air to desiccants, or by pressurizing the air. Though using atmospheric water generator, a considerable amount of water can be extracted, the extraction of atmospheric water may not be entirely free of cost. This is because a significant input of energy is required to drive some atmospheric water generator processes.

Market Dynamics:

Driver:

Growing Water Scarcity

With increasing industrialization activities, growing population and rising socio-economic developments, the consumption of water has been increased dramatically around the world. According to the United Nations World Water Development, water consumption is expected to increase by 20 to 30% as compared to current water use. Such factors are responsible for unnecessary stress on freshwater resources. According to the World Health Organization, more than half of the world population is projected to reside in water-stressed areas. Air to water is a proven technology to extract water from humid air. Therefore, these systems are widely installed as a parallel source for clean water. Hence, with the increase in water demand and scarcity, the demand for this market is increasing.

Restraint:

High Cost

High product cost is one of the factors restraining the growth of the market, especially in household and light commercial applications. Moreover, these systems consume a significant amount of electricity and require continuous supply to operate efficiently. This, in turn, increases the overall cost of the operation.

Opportunity:

Novel Technology Developments

The uninterrupted research operations centering on the improvement regarding the efficiency of water generation and equipment cost reduction are influencing the adoption of it, globally. The research studies have resulted in the development of some new technologies including advanced filtration systems, electrically improved harvesting, advanced oxidation processes, and automatic variable filtration technology. These novel technologies are being integrated within varied of its offerings by manufacturers to mark their position in the global market share by creating a unique mechanism to help conserve water.

Threat:

Complex Mechanism & Usage of Historic Method

The difficult mechanism associated with wet desiccation and lack of consumer awareness related to wet desiccation is one of the major threat factors of this market. On the other hand, concerns regarding the generating efficiency are representing caution for both new entrants and established market players. The usage of historic method water desalination to obtain water from the environment resembles a key threat for the market.

Cooling Condensation segment is expected to be the largest during the forecast period

As it is the most extensively used technique, due to large-scale installations in various industries and residential and commercial buildings. Improving technology, coupled with the growing demand for its water generators in water deficit areas, is expected to propel segment growth. Their water generators include four major components, including the dehumidifier, compressor, condenser, and evaporator.

The Industrial segment is expected to have the highest CAGR during the forecast period

Industrial led the market and accounted for the highest share. Water plays a vital role across numerous industries comprising power generation, pulp and paper, mining, textiles, pharmaceutical drugs, and oil exploration. Industrial water generators are primarily employed in buildings and industries requiring water output of more than 5,000 gallons per day. Its water generators are primarily used in water vending machines, bottling facilities for beverages, government or military facilities for water security, food processing facilities, communities having contaminated groundwater, and industrial and commercial facilities with critical water needs.

Region with highest share:

The Asia Pacific is projected to hold the highest market share, owing to the increasing demand for pure water which is free from biological contamination and low mineralization, and a rise in consumer awareness in eminent countries such as China and India. This is because the Asian countries are the prime consumers of it, followed by China. Owing to the fastest increasing water scarcity in Southeast Asian countries, these generators are gaining popularity for producing water. Moreover, in Asia Pacific potable water is not sufficiently distributed as compared to its growing population. Such factors are expected to create lucrative opportunities for the market in the Asia Pacific.

Region with highest CAGR:

Middle East & Africa is projected to have the highest CAGR. The Middle East and African countries have been facing water scarcity due to extreme weather conditions. These regions are heavily dependent on water bottles & desalination plants to meet their daily water requirements. Air to water system provides a more economical way to produce potable water. Hence, these systems are rapidly adopted in the province. Furthermore, GCC is a key contributor to the growth of the market and is expected to maintain its leading position during the forecast period.

Key players in the market:

Some of the key players profiled in the Atmospheric Water Generator Market include Akvosphere, Atlantis Solar, Atmospheric Water Generator, LLC, Bharat Electronics, Dew Point Manufacturing, Drinkable Air Inc, Ambient Water Corporation, Eurosport Active World Corporation, GENAQ Technologies S.L., Island Sky Corporation, PlanetsWater Ltd, Water Technologies International, Inc, Water-Gen Ltd, WaterMaker India Pvt. Ltd, Zhongling Xinquan (Fujian) Air Drinking Water Technology Co.

Key developments:

In December 2019: GENAQ Technologies S.L. announced that it had showcased their air generators in the largest building and construction event called “The Big 5” in the Middle East. It also promoted the S50 generator and provided brief information on air and water technologies.

In Feburary 2019: The Bharat Electronics announced the launch of a new product namely the Atmospheric Water Generator (AWG) to meet the necessity for drinking water across the globe, at Aero India 2019.

In April 2017: Ambient Water signed an agreement of partnership with three breweries for craft beer production from condensation. This strategic development is intended to expand the market presence of the company.

Products Covered:
Wet Desiccation
Cooling Condensation

Production Volume Rates Covered:
Higher than 5000 Liters per Day
Between 100 and 5000 Liters per Day
Below 100 Liters per Day

Applications Covered:
Residential
Commercial
Government and Army
Medical or Healthcare
Industrial

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances