Atmospheric Water Generator Market

Market Insights

The atmospheric water generator market is estimated to grow from USD 2.48 billion in 2022 to reach USD 4.19 billion by 2028 at a CAGR of 9.13% during the forecast period. An atmospheric water generator is a device that uses technology to produce potable water from the surrounding air. In the process, humidity is drawn from the air and is condensed, filtered, and purified into potable water. The resultant water is clean and free of chemicals and other hazards

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Market Dynamics

These factors are expected to boost the demand for the market in the coming years:

• Major factors such as depleting water resources, declining freshwater levels, and rapid infrastructure development.

• Growing awareness and adoption of water safety and regulations regarding safe drinking water.

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Key Players

Some of the key players in the market are-

• Air2Water, LLC
• Akvo Atmospheric Water Systems Pvt Ltd
• Ambient Water Corporation
• Atmospheric Water Solutions, Inc.
• Canadian Dew Technologies Inc.
• Drinkable Air, Inc.
• EcoloBlue, Inc.
• Element Four Technologies, Inc.
• Saisons Technocom Pvt. Ltd.
• Water Technologies International, Inc.

Segment Analysis

Product Trend

The market is segmented as cooling condensation and wet desiccation. Cooling condensation is estimated to account for the major share of the market during the forecast period owing to its usage in various industrial, residential, and commercial buildings. Furthermore, some of the other major factors including low maintenance cost, capital investment, and less power consumption are bolstering the demand for residential applications.

Application Trend

The market is segmented as industrial, commercial, and residential. The industrial application segment held more than 70% market share in 2022 and is estimated to account for the major share of the market during the forecast period. Due to the rise in the necessity for pure water, especially in industrial applications due to environment-friendly practices and growing demand from industries such as power generation, pulp and paper, mining, textiles, and pharmaceuticals.  In addition, rapid industrialization in developing countries is further expected to drive market growth. 

Regional Insights

Asia-Pacific shares more than 35% market in 2022 and is estimated to be the leading region in the market during the forecast period. The region’s market is driven by rapid infrastructure development, stringent regulations for water consumption and conservation, and ineffective water management. In addition, the growing demand for atmospheric water generators due to water scarcity and depleting freshwater resources is further expected to fuel the market growth over the projected period.

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Water production and purification challenges and opportunities in India:

Finding a reliable source of water is the main issue in the water production industry, especially in light of the serious water crisis that India is currently experiencing. Natural mineral water is the best for us, but again, finding it can be difficult. The purification procedures have a significant impact on the quality of the water being generated. Desalination, for instance, eliminates minerals from water, which eventually causes it to lose its primary advantages.

North America and Europe are also expected to offer substantial growth opportunities during the projected period.

Segmentation

The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The atmospheric water generator market is segmented into the following categories.

By product type:

• Cooling Condensation
• Wet Desiccation

By application type:

• Industrial
• Commercial
• Residential

By region:

• North America 
• Europe
• Asia-Pacific
• Rest of the World

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the market.

What Deliverables Will You Get in this Report

Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Segmentation

• Current market segmentation by any one of the product types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

Recent Development

On 20 April 2023, SPAC Athena Technology Acquisition Corp. II, a publicly listed company announced a merger with The Air Water Company, a Air-to-Water Technology Maker. The merged firm is expected to begin trading on the New York Stock Exchange in the first quarter of 2024, making it the first publicly listed air-to-water technology pure-play.