Theglobal atmosphericwater generators market 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, “GlobalAtmospheric Water Generators Market Size, Share & Industry Analysis, By
Product Type (Cooling Condensation and Desiccant Based), By Application
(Industrial, Commercial and Household), and Regional Forecast, 2020-2027,” thevalue of this market was USD 1,940.8 million and will rise at a CAGR of 18.1%
between 2020 and 2027.
Highlights of the Report
· A comprehensive overviewof the atmospheric water generators market
· Key drivers,restraints, challenges, and future opportunities
· Significantindustry developments, and current trends of the market
· Table ofsegmentation based on factors such as product type, application, and region
· List of playersand the major strategies adopted to earn significance in the market competition
Drivers & Restraints-
Advent of Smart Technology into WaterGenerators to Add Impetus
Therise 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 toHigh Demand for Water
Theglobal 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.
Regional Analysis-
The Middle East and Africa Dominated MarketOwing to Extreme Water Scarcity
Theweather 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.
