According to Fortune Business InsightsThe global atmospheric water generators market share isexpected 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 alldevastated. 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.
Drivers & Restraints-
Advent of Smart Technology into WaterGenerators to Add Impetus
The rise in industrialization andurbanization 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 footprintand 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.
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