The global atmospheric water generator market size is expected to reach $4.50 billion by 2030 according to a new study by Polaris Market Research.
Major factors responsible for the growth of the industry include climate change, water scarcity, increasing demand for fresh water, rapid industrialization, population growth, and favorable government initiatives. The global demand for water for all purposes is expected to increase by around 30% worldwide. To meet the growing demand, governments in several countries are improving their water infrastructure by adopting technologies such as atmospheric water generators.
Last year, the US government granted $55 billion for infrastructure and water development projects. Moreover, the rapid growth of several sectors requiring more than 1,000 liters of water per day is estimated to have a positive impact on the industry. Many end-use industries such as chemical, fashion, food and beverage are growing rapidly in Asia-Pacific and other developing regions.
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The high initial investment and power limit the use of AWGs in many residential applications. In addition, the complicated mechanism associated with wet drying AWGs and lack of consumer awareness of wet drying technology is expected to negatively impact the growth of the industry. Furthermore, the presence of an alternative and widely adopted technology known as desalination is expected to negatively impact the development of the global industry.
Asia-Pacific is estimated to hold the largest share of the industry due to water crisis, population boom and rapid growth of the industrial sector. The Middle East and Africa region is expected to grow at a high CAGR owing to the growing adoption of AWGs in the UAE and Gulf countries.
Market players such as Akvo Atmospheric Water Systems Pvt. Ltd., Air2Water LLC, Atlantis Solar, Drinkable Air, SkyWater Air Water Machines, Dew Point Manufacturing, EcoloBlue, Inc., Eshara Water, GENAQ Technologies SL, Hendrix Water, Energy and Water Development Corp, PlanetsWater, Ray Agua and Water Technologies International , Inc. are some of the major players operating in the global industry.
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In February 2022, World Environmental Solutions Pty Ltd and Net Zero Renewable Energy Inc. signed an agreement to develop the Sola Hydra Cube design for domestic and commercial AWGs. The strategic partnership will help both companies gain a competitive advantage in the global industry by producing clean drinking water using renewable energy. Moreover, in March 2022, Central Railway of India announced the installation of water generators at 14 locations in the eight stations of its Mumbai division including Sion Kurla, Kalyan, Thane, CSMT, Dader and others in under an unfair income system.
Polaris market research has segmented the Atmospheric Water Generators market report on the basis of Type, Application
Atmospheric Water Generator, Outlook Type (Revenue – USD Billion, 2018 – 2030)
• Cooling condensation
• Wet drying
Atmospheric Water Generator, Application Outlook (Revenue – USD Billion, 2018 – 2030)
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