May 29, 2024
Ict

Atmospheric Water Generator Market set for robust growth driven by increasing fresh water scarcity

The Atmospheric Water Generator (AWG) market has seen exponential growth over the past decade driven by increasing fresh water scarcity in many parts of the world. An atmospheric water generator is a device that extracts water from humid ambient air. It uses the principle of condensation to extract moisture from the air and produce fresh drinking water. This helps in areas facing water stress issues as it provides an alternative source of fresh water independent of traditional sources.

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.

Atmospheric water generators help produce potable water directly from air for various residential and commercial applications. This eliminates dependencies on surface or groundwater sources. The devices utilize various technologies like cooling condensation or deliquescent materials to extract water from air. The extracted water is then purified through multiple stages to remove any pollutants and impurities making it safe for consumption. Atmospheric water generators are ideal for portable, off-grid, and emergency use situations. They offer a sustainable and environment-friendly solution to the growing global freshwater crisis. The market has seen increased demand from both developed and developing countries seeking alternatives to tackle water scarcity issues.

Key Takeaways

Key players operating in the Atmospheric Water Generator market are 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.

The Atmospheric Water Generator market is witnessing rising demand globally driven by increasing freshwater scarcity concerns in many regions. Developing nations in Asia and Africa facing high levels of water stress are key target markets.

Many leading players are undertaking initiatives to expand their global presence through partnerships, joint ventures and setting up manufacturing units across high growth emerging economies to tap into new opportunities.

Market key trends

One of the key trends gaining prominence in the Atmospheric Water Generator market is the integration of advanced air purification technologies to extract water from humid air more efficiently. Various nanotechnology and electrochemical based solutions are being explored to enhance the overall efficiency and output capacities of AWG systems. This is supporting their increased adoption in both residential and large-scale commercial/industrial sectors. Ongoing R&D is also focused on developing portable and off-grid appropriate products through innovation in material science and product design.

Porter’s Analysis

Threat of new entrants: Low fixed costs of manufacturing and operation allows new players to enter the market easily.

Bargaining power of buyers: Buyers have high bargaining power as they can substitute atmospheric water generators with other sources of water such as municipal water supply or groundwater.

Bargaining power of suppliers: Suppliers of key components and technologies have moderate bargaining power as manufacturers depend on suppliers for uninterrupted supply of components.

Threat of new substitutes: Demand for atmospheric water generators may reduce with development of affordable and reliable desalination technologies.

Competitive rivalry: Intense competition among existing players to gain higher market share by offering innovative products and competitive pricing.

Geographically, North America accounted for the largest share in the global atmospheric water generator market in 2024. Presence of dry climate conditions and increasing awareness about water conservation among people drive the demand.

The Asia Pacific region is expected to witness the fastest growth during the forecast period. Rising industrial activities and increasing concerns about scarcity of potable water will boost adoption of atmospheric water generators in countries like China and India. Growing urban population is another key factor propelling the growth.

Geographical Regions

North America accounted for the largest share in the global Atmospheric Water Generator Market in 2024. Presence of dry climate conditions and increasing awareness about water conservation among people drive the demand.

The Asia Pacific region is expected to witness the fastest growth during the forecast period. Rising industrial activities and increasing concerns about scarcity of potable water will boost adoption of atmospheric water generators in countries like China and India. Growing urban population is another key factor propelling the growth.

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