May 24, 2024
Ict

Atmospheric Water Generator Market driven by Increasing Need for Clean Drinking Water

Atmospheric water generators, also known as air-to-water machines, tap into the invisible moisture in the air and condense it into fresh, clean drinking water. They work by extracting humidity from the surrounding air through the process of thermodynamic condensation in which the air is cooled below its dew point. Once the air reaches this temperature, atmospheric water generators are capable of producing 4-20 litres of water per day, depending on the unit size and prevailing atmospheric conditions. The purified water produced contains negligible traces of contaminants and requires no further purification steps before consumption.

The demand for freshwater is increasing exponentially across the world due to population growth, rapid urbanisation, and climate change-induced water scarcity. Unfortunately, over 1 billion people globally lack access to clean drinking water close to home. Portable atmospheric water generators provide an ideal solution to this problem as they enable the production of safe potable water anywhere and anytime independently of traditional water infrastructure and distribution networks. Their off-grid functionality empowers communities, industries, commercial establishments and individuals to become self-sufficient in meeting their everyday water needs.

The global Atmospheric Water Generator Market is estimated to be valued at US$ 3.08 billion in 2024 and is expected to exhibit a CAGR of 16% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends driving growth in the atmospheric water generator market is the development of more energy-efficient designs. While early atmospheric water generators were highly power-hungry, modern units incorporate renewable energy integration as well as innovative thermal technologies like graphene and zeolite that enable water extraction using much less electricity. For example, some leading brands now offer solar-powered machines capable of running exclusively on clean energy. This has made atmospheric water generation a more sustainable and affordable solution. Another significant trend is the growing adoption of advanced water treatment systems within atmospheric water generator units to further purify the condensed water upto WHO drinking water standards. Features like built-in mineralization filters and UV sterilization ensure the water produced is of the highest quality with no aftertaste.

Porter’s Analysis
Threat of new entrants: The high capital requirements and stringent government regulations in the atmospheric water generator market limit the threat of new entrants.
Bargaining power of buyers: The large number of atmospheric water generator manufacturers gives buyers more bargaining power.
Bargaining power of suppliers: Suppliers of key components like compressors and condensers have some bargaining power owing to specialized component requirements.
Threat of new substitutes: Technological advancements can lead to newer atmospheric water generation technologies that offer better performance, lowering the threat of substitution.
Competitive rivalry: The atmospheric water generator market has the presence of many global and regional players, leading to high competitive rivalry.

Key Takeaways
The global Atmospheric Water Generator Market is expected to witness high growth. Atmospheric water generators offer an effective solution to freshwater scarcity issues around the world. The global Atmospheric Water Generator Market is estimated to be valued at US$ 3.08 billion in 2024 and is expected to exhibit a CAGR of 16% over the forecast period 2024 to 2031.

Regional analysis: Asia Pacific is projected to dominate the atmospheric water generator market during the forecast period. Countries like India and China are witnessing high demand owing to increasing freshwater scarcity issues. North America and Europe are also major regions, while growth is expected to be high in the Middle East and Africa.

Key players: Key players operating in the atmospheric water generator market are Dew Point Manufacturing, WaterMaker India Pvt. Ltd., Planets Water, Air2Water LLC, Technocom Pvt. Ltd., Water Technologies International, Inc., Ambient Water, Saisons Technocom Pvt. Ltd., and WaterGen Ltd.

Dew Point Manufacturing and WaterGen are prominent manufacturers focusing on innovative product development to gain market share. WaterMaker India and Ambient Water also have a significant presence across various countries. Technological advancements to improve performance are fueling the competition among these atmospheric water generator manufacturers.

*Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it