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atmospheric water generator market

Atmospheric Water Generator Market Share, Size, Trends, Industry Analysis Report, By Type (Cooling condensation, Wet Desiccation); By Application (Industrial, Commercial, Residential), By Region; Segment Forecast, 2022 - 2030

  • Published Date: Jun 2022
  • Pages: 112
  • Format: PDF
  • Report ID: PM2440
  • Base Year: 2021
  • Historical Data: 2018 - 2020

Report Summary

The global atmospheric water generator market was valued at USD 2.18 billion in 2021 and is expected to grow at a CAGR of 8.7% during the forecast period. Several factors like freshwater scarcity, growing technical advances, and favorable government policies regarding water generation are anticipated to drive the growth of the atmospheric water generator market.

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During the COVID-19 pandemic, frequent lockdown resulted in increased demand for drinking water in places like migrant worker camps, isolated labs, hospitals, etc., and areas where water supplies are disrupted. In the COVID outbreak, governments of several countries seek autonomous, scalable, and resilient techniques for water security. And this factor is escalating the atmospheric water generator market demand.

The outbreak of COVID-19 has sternly influenced the manufacturing operations and global supply chain of atmospheric water generators (AWGs). Even after the lockdown has been removed, most likely in various phases, the manufacturers and suppliers of AWGs will face several challenges due to the workforce shortage and disrupted supply chain. In the post-pandemic period, it is anticipated that the market demand for atmospheric water generators will surge in the United States due to rising hygiene awareness and continuous hand washing to stop the spread of COVID.

Industry Dynamics

Growth Drivers
The consumption and market demand for freshwater have increased due to rapid industrialization and population growth. Among all, 74% of global agriculture & 80% of the textile industries are part of water-stressed countries. According to the United Nations (UN) report in 2019, water consumption is expected to increase by 20 to 30% in the next 10 decades. Moreover, in the report published by the World Health Organization (WHO), it is stated that more than 50% of the world population is estimated to reside in water-deficient areas. Hence to create a balance between supply and demand, governments of several countries are installing atmospheric water generators as an alternative source of freshwater.

Moreover, the fashion industry consumes 79 billion cubic meters of freshwater per year. To make one pair of jeans, 7,000 liters of water is required. As per a report published by Beverage Industry Environmental Roundtable, 19 major players in the beverage sector consumed more than 740 billion liters of water in 2017. The rapid growth of various end-users such as bottling facilities, food processing companies, chemical industries, etc., that requires more than 1,000 liters of water is expected to augment the revenue growth of the target market.

The increasing research & development to lower the power requirement and technological advancement enhancing the performance of atmospheric water generators are anticipated to drive the growth of the target market. The EPA's (the United States Environmental Protection Agency) Office of Research and Development introduced a new Cooperative Research & Development Agreement (CRADA) in 2017 to improve the science of AWGs and examine its potential as a water supply and production solution. Watergen Corporation and the EPA signed a CRADA to analyze their GEN-350 system. In ideal temperature and humidity circumstances, the GEN-350 can produce nearly 600 liters of water each day.

Report Segmentation

The market is primarily segmented on the basis of type, application, and region.

By Type

By Application

By Region

  • Cooling condensation
  • Wet Desiccation
  • Industrial
  • Commercial
  • Residential
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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Insight by Product Type

The cooling condensation segment is estimated to garner the largest revenue share. Water scarcity concerns, which have resulted in drought situations in many countries around the world and increased market demand from various industrial and commercial sectors, are likely to boost the growth of this segment throughout the forecast period. The wet desiccation is anticipated to grow at a steady CAGR during the forecast period.

Wet desiccation is a relatively recent technology employed in army base camps and large-scale companies. As the dehumidifier is not used in the wet desiccation method, energy consumption is lower than cooling condensation. The brine solution used in wet desiccation producers contains salts that might cause corrosion. Because of these factors, governments have made it illegal to use these harmful inhibitors, and market demand for wet desiccation-based generators is expected to increase at a slower rate.

Insight by Application

Among all segments, the industrial application segment is estimated to account for the largest share over the forecast period owing to a surge in market demand for industrial-grade AWGs from bottling plants for beverages, government amenities for water security, food processing companies, etc., where water requirement is more than 14,000 liters per day. Several end-users are expressing interest in AW generators requiring less maintenance and reduced environmental effect.

The commercial segment is anticipated to grow at a high CAGR in the coming years. Atmospheric water generators alleviate water shortages in commercial facilities such as hotels and cinema halls. These machines include an in-built power source, which means they can generate electricity for a long time and save money on energy. Furthermore, the growing number of smart city projects, particularly in developed nations, is expected to fuel atmospheric water generator market growth.

Geographic Overview

Asia Pacific is estimated to capture the highest atmospheric water generator market revenue share, owing to several factors such as population growth, water shortage, infrastructure development activities, etc. Increasing migration towards cities coupled with changing lifestyles in Asian countries such as India, China, Indonesia, etc., is anticipated to boost the demand for freshwater, which is responsible for the atmospheric water generator market's growth.

Over the forecast period, the Middle East and Africa region are expected to grow at a high CAGR over the forecast period. Most countries in the Middle East and Africa (MEA) face water problems due to climate change and extreme weather. For freshwater, the regions mainly depend on bottled water. Hence many countries from these regions are adopting atmospheric water generators, and this trend is anticipated to increase in the future. United Arab Emirates (UAE) plans to install atmospheric water generators capable of producing 6,700 liters of fresh water per day. These AWGs can operate at 60 & humidity levels and 26 degrees Celsius.

Competitive Insight

Some of the key players operating in the global atmospheric water generator market are Air2Water LLC, Akvo Atmospheric Water Systems Pvt. Ltd., Atlantis Solar, Dew Point Manufacturing, Drinkable Air, EcoloBlue, Inc., Energy and Water Development Corp, Eshara Water, GENAQ Technologies S.L., Hendrix Water, PlanetsWater, Ray Agua, SkyWater Air Water Machines, and Water Technologies International, Inc.

Atmospheric Water Generator Market Report Scope

Report Attributes

Details

Market size value in 2021

USD 2.18 Billion

Revenue forecast in 2030

USD 4.50 Billion

CAGR

8.7% from 2022 - 2030

Base year

2021

Historical data

2018 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD billion and CAGR from 2022 to 2030

Segments covered

By Type, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key Companies

Air2Water LLC, Akvo Atmospheric Water Systems Pvt. Ltd., Atlantis Solar, Dew Point Manufacturing, Drinkable Air, EcoloBlue, Inc., Energy and Water Development Corp, Eshara Water, GENAQ Technologies S.L., Hendrx Water, PlanetsWater, Ray Agua, SkyWater Air Water Machines, and Water Technologies International, Inc.

Key Take-Away
Polaris Market Research
Atmospheric Water Generator Market Size Global Report, 2022 - 2030