According to FortuneBusiness Insights The global AtmosphericWater Generator Market size is expected to touch USD 6,214.9million 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-19pandemic 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 ofSmart Technology into Water Generators to Add Impetus
The rise inindustrialization 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 incarbon 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.
IndustrialSegment Gained Dominance Owing to High Demand for Water
The global marketfor 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.
