Atmospheric Water Generator Market size revenue to exceed $9.31 Atmospheric Water Generator (AWG) Market size | Page 2
Cooling condensation machines segment dominated the product segment by producing total
revenue of more than $750 million for 2014. Higher output along with widespread
accessibility of these machines contributed to the growth of the segment. Technological
innovation associated with reduction in power consumption is predicted to drive the growth
of the segment.
Application Trends
The atmospheric water generator (AWG) market is segmented into applications like
industrial applications and residential applications. Industrial applications segment
contributed to greater than 25% of overall demand and is predicted to register more than
37% of CAGR during forecast timeframe. They are mainly used in industries that require
water production of more than 20,000 gallons per day. Oil & gas firms of middle east regions
are using desalinated water from seas. This method has proved cost efficient in comparison
to other oil exploring events taking place near sea shore.
Residential atmospheric water generator industry experienced biggest system deployment
with total amount of consolidated deployments surpassing 10,000 units for 2014. Growing
customer consciousness about the technology benefits from these systems are predicted to
drive the industry growth in these residential applications.
Europe AWG market size, by product, 2012 - 2022 (Units)
Regional Trends
APAC dominated the global atmospheric water generator industry for 2014 by contributing
more than $400 million during that year. India and China played a key role in the regional
industry growth. Growing commercial & residential expenditure in regions like Indonesia,
China and India is predicted to promote the regional demand. Factors like presence of large
number of component producers, less production costs and low labor charges are predicted
to fuel the industry expansion.
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