London, UK -- (SBWIRE) -- 01/16/2023 -- According to the latest analysis by Intelligence Market Report, the global Atmospheric Water Generator Market was valued at USD 1,588 million in 2021 and is projected to reach USD 3,424 million by 2028, registering a CAGR of 11.6% over the forecast period of 2022-2028. Atmospheric water generators are devices which generate water from the atmosphere using the condensation process. The growing demand for safe and clean drinking water, increasing need for home and industrial-grade atmospheric water generators, and substantial growth in rural and urban population are some of the major factors driving the growth of the atmospheric water generator market.

The rapidly growing urbanization and industrialization in developing countries have resulted in an increase in the need for water-efficient solutions across the globe. This further provides an impetus to the growth of the atmospheric water generator market. On the other hand, the high cost of installation, the limited operational range (about 40 - 40,000 cubic meters of water per day), and the need for a stable power supply are some of the major factors restraining the growth of the market.

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The research study includes profiles of leading companies operating in the global Atmospheric Water Generator industry
Air2Water LLC
Akvo Atmospheric Water Systems Pvt. Ltd.
Atlantis Solar and Wind LLC
DewPoint Manufacturing Inc.
Drinkable Air, Inc.
EcoloBlue Inc.
Energy and Water Development Corp. (EAWC)
GENAQ Technologies S.L.
KCC Companies
SkyWater Air Water Machines
Water Technologies International Inc. (WTII)
Watergen Inc.
WaterMaker India Pvt. Ltd.

The increasing initiatives by organizations such as the United Nations to spread awareness about the scarcity of freshwater has led to the adoption of atmospheric water generator technologies. The current trend in the market is growing due to the increasing adoption of advanced technologies such as desalination, recycling, and water harvesting, which are being adopted by companies. Moreover, rapid technological advancements in the AWG sector, such as replacing the number of filters, have created a high demand for AWG systems from the agricultural and industrial sectors.

The market is broadly segmented by type, end-user, and geography. By type, the market is segmented into home-based and industrial-based AWGs. The home-based segment is anticipated to hold considerable market share owing to the increasing awareness of water conservation among consumers. By end-user, the market is further divided into residential, commercial, and industrial end-users. Of these, the commercial end-user segment is estimated to be the largest and is likely to witness substantial growth during the forecast period.

The Atmospheric Water Generator Market Major Segments and Subsegments Listed Below

By product:
Cooling Condensation
Wet Desiccation

By application:
Commercial
Industrial
Residential

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Based on geography, the market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. Asia Pacific is estimated to dominate the overall market share due to the increasing demand for safe and clean drinking water and rapid industrialization in the region. In addition, the rise in population, the growing demand for clean and safe drinking water, and the increasing awareness of water conservation are expected to drive the growth of the AWG market in the Asia Pacific region.

In conclusion, the global Atmospheric Water Generator Market is expected to witness a significant growth rate during the forecast period owing to the growing demand for safe and clean drinking water and increasing need for home and industrial-grade atmospheric water generators. The high cost of installation and the need for a stable power supply are some of the major factors restraining the growth of the market. However, the increasing initiatives by organizations to spread awareness about the scarcity of freshwater, combined with the rapid technological advancements in the AWG.

TABLE OF CONTENTS

PART 1. INTRODUCTION
Report description
Objectives of the study
Market segment
Years considered for the report
Currency
Key target audience

PART 2. METHODOLOGY

PART 3. EXECUTIVE SUMMARY

PART 4. MARKET OVERVIEW
Introduction
Drivers
Restraints
Impact of COVID-19 pandemic

PART 5. MARKET BREAKDOWN BY PRODUCT
Cooling condensation
Wet desiccation

PART 6. MARKET BREAKDOWN BY APPLICATION
Commercial
Industrial
Residential

PART 7. MARKET BREAKDOWN BY REGION
Asia Pacific
Europe
North America
Rest of the World (RoW)
PART 8. KEY COMPANIES

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