Published Date : 27 Apr 2023
The atmospheric water generator industry revenue is expected to rake USD 5.52 billion by 2032 and it is growing at a remarkable CAGR of 6.56% from 2023 to 2032.
The lack of freshwater and rising technological expenditures, followed by benevolent government rules, are predicted to be the main drivers of industry development.
Technology is used in atmospheric water production (AWG) to create drinkable water from the air around it. This offers the chance to increase the amount of water that is available during droughts, contaminant events, and other problems that might cause drinking water services to be interrupted. The interest in AWG technology as an emergency and long-term supply option has grown as a result of natural catastrophes like storms and public water infrastructure failures like pipe corrosion causing contamination problems.
The quantity of fresh water available for domestic and industrial use has decreased as a result of worldwide atmospheric changes brought on by human-caused climate change. In the upcoming years, it is anticipated that this water supply per person will gradually decline. This is expected to increase demand for air-water generators worldwide.
The main element fueling the industry's expansion in the area advance in water production technology. Leading drivers of the atmospheric water generator industry development in North America are rapid industrialization and the existence of significant corporations in the country.
The vibrant manufacturing sector in emerging Asia Pacific nations has been instrumental in driving the industry for atmospheric water generators worldwide. During the projection period, it is expected that increased demand for freshwater will propel the industry in the area.
Middle East and Africa are also anticipated to become significant players in the international industry. According to estimates, there will be a constant need for atmospheric water generators in the area due to the severe water shortage and expensive expenses of building large-scale desalination facilities.
Atmospheric Water Generator Industry Report Scope:
|Market Size in 2022||USD 2.9 Billion|
|Projected Forecast Value in 2032||USD 5.52 Billion|
|Growth Rate||6.56% from 2023 to 2032|
|Fastest Growing Market||Europe|
|Largest Market||Asia Pacific|
|Forecast Period||2023 to 2032|
|Regions Covered||North America, Europe, Asia-Pacific, Latin America and Middle East & Africa|
Drivers: Increasing demand for clean potable water
Alternative, modern technologies are desperately required to address the world's growing water shortage. Given that the earth's atmosphere includes billions of tons of pure water, the majority of which is in the form of vapor, atmospheric dew water is a possible supply of potable water. The atmospheric water generator (AWG), a potential remedy for water shortage, transforms water vapor into drinkable water. The primary components discovered were nitrate, ammonium, calcium, and sulfate.
The sampling site's proximity to a busy road and metropolitan living neighborhood likely had an impact on the chemical makeup of the dew water that was generated. However, the produced water almost always passed the WHO and Israeli drinking water requirements (day and night, in various seasons). Consequently, the AWG offers a great alternative supply of secure drinking water throughout even the most established metropolitan areas.
Restraints: High levels of energy use
Atmospheric water producers need a constant energy source to function properly. The high energy consumption, however, restrains small-scale businesses' ability to expand, which hurts the expansion of the worldwide industry. Furthermore, heavy energy use is closely linked to the majority of environmental worries. However, it is noted that the creation of energy-efficient atmospheric water generators is a possible remedy to this constraint.
Opportunities: Utilizing modern technology to obtain pure and clear water
Atmospheric water generators (AWG) are currently being created to draw water out of the atmosphere. To gather liquid water, many use conventional condensers and refrigeration coil technology. The good news is that AWG technologies are developing and frequently use green energy to extract pure, clean water in remarkably large amounts. From domestic systems that can produce up to 20 liters per day to business and industrial systems that can produce 10,000 liters or more per day, there are various capacities available.
In the years to come, one of the most significant breakthroughs will be the ability to condense water from the sky as freshwater becomes more restricted due to population growth, governmental regulations, geopolitical tensions, and climate change. According to projections from the Institute for Water, Environment and Health of the UN University in Canada, by the year 2050, there will likely be serious water shortages in close to 90 nations. As a result, it makes sense why there is a high demand for AWG.
The biggest industry share for atmospheric water generators is held by the cooling desiccation sector. To lower the number of illnesses linked to contaminated water, governments around the world are concentrating on offering secure and pure drinking water.
Throughout the anticipated time, the wet desiccation section is anticipated to expand. The growing placement of water sources in industrial areas will spur the development of the wet desiccation sector during the projection period. Wet desiccation is mainly used in manufacturing facilities for water purification.
The industry for atmospheric water generators is dominated by segments with water capacities greater than 1000 gallons. Atmospheric water makers, which can generate more than 1000 gallons of fresh water per day, are in high demand in commercial settings. Manufacturers active in the industry are concentrating on building and creating atmospheric water generators that can create up to 5,000 gallons of pure water per day.
The manufacturing sector dominates the worldwide industry for atmospheric water generators. Freshwater sources are in huge demand due to the expanding global food and beverage business, which is what is driving the industrial segment's expansion. Moreover, the need for water provision is enormous due to growing urbanization.
Due to the increasing implementation of atmospheric water makers in stores, colleges, institutions, and other commercial buildings to provide affordable fresh drinking water, the commercial sector is anticipated to expand during the projection period.
Major Key Players:
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