Forecast, 2020-2027
The global Atmospheric Water Generators Market is expected to touch USD 6,214.9 million by 2027 on account of the rising demand for potable water and decline in the availability of freshwater. the value of this market was USD 1,940.8 million and will rise at a CAGR of 18.1% between 2020 and 2027.
The global Atmospheric Water Generators Market report contains market revenue, market share, and production of the service providers is also mentioned with accurate data. Moreover, the global market report majorly focuses on the current developments, new possibilities, advancements, as well as dormant traps. Furthermore, the market report offers a complete analysis of the current situation and the advancement possibilities of the market across the globe.
Drivers & Restraints-
Advent of Smart Technology into Water Generators to Add Impetus
The rise in industrialization and urbanization have led machines to overpower natural habitat. A decline in freshwater sources has been observed so as to provide more space for new buildings and recreational spaces. The decline in the level of freshwater sources, coupled with the increasing industrialization and urbanization are the key factors promoting the atmospheric water generators market growth. Besides this, the stringent regulations imposed on environment and water safety will also aid in favor of the market.
However, the rise in carbon footprint and the high requirement for power generation to suffice to the needs of all residential, commercial, and industrial sectors may pose major challenges to the market in the coming years. Nevertheless, the advent of technological innovations such as smart technology, cooling condensation wet desiccation, and others are likely to help create lucrative growth opportunities to the market in the coming years.
Industrial Segment Gained Dominance Owing to High Demand for Water
The global market for atmospheric water generators is dominated by the industrial section based on segmentation by application with a 74.5% share earned in 2019. The growth of this section is attributed to the large quantity of water used in industries and manufacturing units. Large scale industries are now acquiring economical and sustainable water solutions such as atmospheric water generators to meet the increasing demand for water.
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Some of the Key Players of the Atmospheric Water Generators Market include:
- Water-Gen Ltd.
- Akvosphere
- Drinkable Air Technologies
- Eshara Water
- Water Technologies International, Inc.
- Clean Wave Products
- Atmospheric Water Generator, LLC
- GENAQ Technologies S.L. (Lucena, Spain)
- Zhongling Xinquan (Fujian) Air Drinking Water Technology Co., Ltd.
- Atlantis Solar
- Island Sky Corporation
- WaterMaker India Pvt. Ltd.
- Dew Point Manufacturing
- PlanetsWater Ltd.
- Eurosport Active World Corporation
Regional Analysis-
The Middle East and Africa Dominated Market Owing to Extreme Water Scarcity
The weather conditions in the Middle East and Africa is majorly responsible for scarcity of water. The aforementioned regions are heavily dependent on desalination plants and water bottles to suffice to their daily needs. The use of air to water systems in this region helps this region to produce more potable water more economically. Therefore, this region dominated the market in 2019 and are likely to continue doing so in the coming years as well.
