April 13, 2024
Ict

The Global Atmospheric Water Generator Market is Poised to Witness High Growth due to Increasing Fresh Water Scarcity

Atmospheric water generators or air-to-water machines utilize the principle of condensation to extract water from humid ambient air. They offer an alternative means of obtaining potable water in water-scarce regions or during natural calamities and have various applications across residential, commercial and industrial sectors. With growing scarcity of freshwater sources due to factors such as rapid urbanization, climate change and population explosion, atmospheric water generators are gaining traction as decentralized water purification systems for off-grid locations.

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 of 2024 to 2031.

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 global atmospheric water generator market is expected to witness lucrative growth opportunities due to rising investments in research & development of advanced water extraction technologies. Leading players are focusing on introducing innovative product variants with higher water production capacities and energy efficiencies to cater to bulk water requirements of various end-use industries.

Several market players have undertaken initiatives to expand their global footprints through partnerships, joint ventures and new manufacturing facilities across Asia Pacific, Middle East, Africa and Latin America. This is attributed to availability of favorable policies and growing investments in water infrastructure development projects across emerging economies.

Market Drivers
1) Increasing fresh water scarcity: Climate change, rapid urbanization, growing population and changing consumption patterns have led to scarcity of freshwater sources across many parts of the world. According to the United Nations, over 1.1 billion people globally lack access to water and around 4 billion people experience severe water scarcity for at least one month annually. This rising problem of water scarcity is driving the adoption of atmospheric water generator systems that utilize humidity in air as a sustainable water source.

Market Restrains
1) High initial investment costs: Atmospheric water generators require significant capital for initial equipment setup and installation. This makes their adoption challenging for households and small businesses in price-sensitive developing markets. Moreover, operation and maintenance of these systems also demand additional recurrent expenditure. The high upfront costs restrain the large-scale proliferation of the technology.

Segment Analysis
The atmospheric water generator market is segmented by product into cooling condensation and wet desiccation. The cooling condensation segment is dominating the market currently due to its cost effectiveness and ease of operations. The cool condensation technology uses cooling coils and condensation techniques to extract water from humid air making it an affordable solution for household and outdoor applications.

Global Analysis
The Asia Pacific region is projected to be the fastest growing market for atmospheric water generators during the forecast period. Countries like India and China are dominating the APAC atmospheric water generator market due to rising awareness about clean water and increasing issues of water scarcity in the regions. North America is currently leading the global market however the region of Asia Pacific is expected to surpass North America during the forecast period due to increasing investments in water purification projects and rising consciousness about clean drinking water.

*Note:

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