Atmospheric Water Generator Market size revenue to exceed $9.31 Atmospheric Water Generator (AWG) Market size
Atmospheric Water Generator (AWG) Market – Global
Industry Analysis Report, Share, Size, Growth, Price
Trends and Forecast, 2016 – 2024: Fractovia.Org
Industry Trends
Global Atmospheric Water Generator (AWG) Market size is projected to touch $9.31 billion
mark by end of 2022 and register CAGR of 37.41% during forecast timeframe. Diminishing
fresh water accessibility and decreasing water resources along with increasing demand of
fresh water for drinking and industrial purpose is predicted to drive industry growth in future.
Per capita water accessibility has fallen substantially during last few years. Growing
temperatures and scarce rainfall has resulted in drying of lakes and river fronts causing
shortage of water. Further, rising industrialization and infrastructural growth specifically in
emerging economies has given rise to water scarcity. All these factors are predicted to drive
the industry growth.
Introduction of policies like DWQS (Drinking Water Quality Section) in Japan, Safe Drinking
Water Act in U.S., National Rural Drinking Water Program in India, Drinking Water Directive
in countries of European Union and various other initiatives taken by respective
governments are projected to propel industry growth by ensuring safe accessibility of potable
water for its population.
As per WHO (World Health Organisation) report, more than half of the world population is
affected by water-borne ailments. Due to this, water produced through atmospheric water
generator systems is an effective substitute offering pollutant-free water by condensing
filtered air through different filtration processes.
However, high requirement of power supply for AWG systems like condenser, dehumidifier
and evaporator makes it an impractical choice for few regions with high electric charges.
Carbon and other greenhouse emissions released by coal or other compounds poses a
threat to atmosphere. But investments in research & development activities to produce low
priced and clean technology is predicted to generate new growth opportunities for
atmospheric water generator(AWG) market.
Product Trends
The industry is segmented into various products like wet desiccation machines and cooling
condensation machines. Wet desiccation machines consisted of more than 250 units
globally in terms of size for 2014 and is predicted to register more than 40% CAGR during
forecast timeframe. Technological breakthrough associated with replacement of brine salt
with liquid brine to enhance humidity separation from air is predicted to raise the demand for
these machines in future.
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