May 29, 2024
Ict

Atmospheric Water Generator market is set to generate opportunities by increasing demand for clean drinking water

The Atmospheric Water Generator market comprises products that can extract water directly from humid ambient air. Atmospheric Water Generators use adsorption technology to condense atmospheric moisture into potable water. This removes the need for transported and bottled water while providing a sustainable source of clean drinking water.

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 from 2024 to 2031.

Key Takeaways

Key players operating in the Atmospheric Water Generator market include WaterMicronWorld, Dew Point Manufacturing, Watair Inc., Ambient Water, Saisons Technocom Pvt. Ltd., WaterMaker India Pvt. Ltd., Planets Water, Water Technologies International, Inc., Island Sky Corporation, Fujian Yuxin Electronic Co. Ltd., Eurosport Active World Corporation Technologies, Atlantis Solar, Air2Water LLC, Konia, and Ecoloblue, Inc. These players are focusing on expanding their global footprint in the growing market through strategic partnerships and new product launches.

The growing demand for Atmospheric Water Generators is being driven by the increasing scarcity of drinkable water sources globally. As traditional water sources get overexploited and depleted, Atmospheric Water Generators provide a valuable solution to produce potable water from the air. The technology is gaining popularity among off-grid and disaster relief use cases. With ongoing climate change exacerbating water stress, the market is projected to witness strong growth over the forecast period.

Key Trends

One of the key trends in the Atmospheric Water Generator market is the increasing adoption of solar-powered devices. To provide independent drinking water solutions, many market players are incorporating solar panels into their AWG designs. This makes the technology suitable for use in remote areas without a reliable power supply. The integration of advanced adsorption materials is another trend. New types of adsorbents are able to extract water from air more efficiently at lower humidity levels. This is expanding the applicability of Atmospheric Water Generator technology.

Threat of new entrants: Low economies of scale and requirement of large capital investment acts as entry barriers.
Bargaining power of buyers: presence of substitutes results in higher bargaining power of buyers.
Bargaining power of suppliers: The market has several suppliers of raw materials and components.
Threat of new substitutes: Substitutes like bottled water, purified water limit the market.
Competitive rivalry: Market has few global players and regional vendors leading to moderate competition.

Geographically, North America accounts for the largest share in the atmospheric water generator market in terms of value owing to rising awareness about clean drinking water and presence of leading vendors. Asia Pacific registers the fastest growth due to increasing scarcity of freshwater, urbanization and improving economic conditions in many countries.

The atmospheric water generator market in Europe is driven by growing environmental regulations concerning water usage. Presence of established electronics industry also contributes to the adoption of these systems in the region. Latin America and Middle East & Africa demonstrate significant potential for atmospheric water generator market over the forecast period supported by ongoing development activities and substantial investment in water recycling projects.

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