Accordingto Fortune Business Insights The global atmosphericwater generators market growth 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. The value of this market was USD 1,940.8 million and will
rise at a CAGR of 18.1% between 2020 and 2027.
TheCOVID-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.
Industrial Segment Gained Dominance Owing to High 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-
Additionally,North America earned 217.8 million in 2019 and Asia Pacific 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.
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