The global atmosphericwater generator industry size is expected to touch USD 6,214.9 million by2027 on account of the rising demand for potable water and decline in the
availability of freshwater. As per a recent report published by Fortune
Business Insights titled, “Atmospheric Water Generator Market Size, Share &
COVID-19 Impact Analysis, By Product Type (Cooling Condensation and Desiccant
Based), By Application (Industrial, Commercial and Household), and Regional
Forecast, 2020-2027,” the value of this market was USD 1,940.8 million and will
rise at a CAGR of 18.1% between 2020 and 2027.
Source:
Highlights of the Report
- A comprehensive overview of the atmospheric water generator market
- Key drivers, restraints, challenges, and future opportunities
- Significant industry developments, and current trends of the market
- Table of segmentation based on factors such as product type, application, and
region - List of players and the major strategies adopted to earn significance in the market
competition
Drivers & Restraints-
Advent of Smart Technology into Water Generators to Add Impetus
The rise in industrialization and urbanization have led machinesto 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 generator market growth. Besides this, the stringent
regulations imposed on environment and water safety will also aid in favor of
the market.
Industrial Segment Gained Dominance Owing to High Demand for Water
The global market for atmospheric water generator is dominated bythe 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 generator to meet the increasing demand for water.
Regional Analysis-
The Middle East and Africa Dominated Market Owing to Extreme WaterScarcity
The weather conditions in the Middle East and Africa is majorlyresponsible 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.
Additionally, North America earned 217.8 million in 2019 and AsiaPacific is expected to rise at a CAGR of 21.1% in the forecast period
accountable to the increasing water scarcity problems in South-east Asian
Nations.
