According to Fortune Business InsightsThe global atmosphericwater generator industry sizeis 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. As per
a recent report published by Fortune Business Insights. 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 COVID-19 pandemic has left us all devastated.We are at a point of crisis where most businesses are shut temporarily,
hampering the overall world economy. Some businesses are barely able to manage
meagre revenue by working from homes. We however, soon hope to fight back this
pandemic by following the government regulations and measures.
Source:
Drivers & Restraints-
Advent of Smart Technology into WaterGenerators to Add Impetus
The rise in industrialization and urbanization haveled 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.
Regional Analysis-
The Middle East and Africa DominatedMarket Owing to Extreme Water Scarcity
The weather conditions in the Middle East andAfrica 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.
