The global atmosphericwater generator industry 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, “Atmospheric Water Generator Market Size, Share &
COVID-19 Impact Analysis, By Product Type (Cooling Condensation and Desiccant
Based), By Application (Industrial, Commercial and Household), and Regional
Forecast, 2020-2027,” the value 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 overview of the atmospheric water generator market
- Key drivers, restraints, challenges, and future opportunities
- Significant industry developments, and current trends of the market
- Table of segmentation based on factors such as product type, application, and region
- List of players and the major strategies adopted to earn significance in the market competition
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 atmosphericwater generator market growth. Besides this, the stringent regulations imposedon environment and water safety will also aid in favor of the market.
Industrial Segment Gained DominanceOwing to High Demand for Water
The global market for atmospheric watergenerator 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 generator to meet the increasing
demand for water.
Regional Analysis-
The Middle East and Africa DominatedMarket Owing to Extreme Water Scarcity
The weather conditions in the MiddleEast 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.
Additionally, North America earned217.8 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.
Competitive Landscape-
Companies Introducing New Products toEarn Lion’s Share
Some of the companies operating in thismarket are engaging in new product launches and are therefore investing heavily
in latest technology. Other vendors are engaging in joint ventures and
partnerships to collaboratively earn significant revenues, thereby making a
significant remark in the market competition.
