Atmospheric Water Generator Market size revenue worth $ 9.3bn by 2022 Atmospheric Water Generator Market size forecast
Atmospheric Water Generator Market size forecast to
grow at a CAGR of 37.4% by 2022: Global Market
Insights Inc.
Atmospheric water generator (AWG) market size is forecast to be worth USD 9.3 billion
by 2022, at a growing CAGR of 37.4% from 2015 to 2022, according to new study based
report by Global Market Inisghts. The report provides in-depth analysis of the AWG market
including restraints, drivers, opportunities, challenges and key trends influencing the market.
Rising awareness of adverse effects climate change on fresh water, depleting water
resources, declining availability of fresh water and increasing infrastructure development is
anticipated to propel demand for fresh water for residential and industrial purposes.
Changing consumer trends with preference to residential generators over filters owing to the
availability of clean drinking water is likely to further the market growth.
In spite of the domination of cooling condensation systems in the global AWG market, the
wet desiccation segment is likely to witness growth in the near future owing to high power
consumption of cooling condensation systems. Investments in R&D to develop clean and low
cost technology is lileky to provide highly lucrative research opportunities for participants in
the AWG market. Wet desiccation machine segment is forecast to witness significant growth
with over 40% CAGR during the projected time frame.
Residential atmospheric water generator market share is expected to persist its dominance in
application segment. Industrial applications are anticipated to observe growth and attain high
gains at a projected CAGR of more than 37% over the next 7 years.
Asia Pacific is likely to continue its dominance the regional segment, driven by China and
India owinbg to rising commercial and industrial expenditure. Middle East & Africa AWG
market is estimated to witness high growth rates at a CAGR of more than 38% by 2022.
The report features competitive analysis of the market with key participants in the market
profiled in the report coupled with their business strategies, finance metrics and key trends.
Companies such as Planet Water, Watair Inc., and Dew point are engaged in AWG
manufacturing. Key players in this market include WaterMaker India., Saisons Technocom.,
Ambient Water and Island Sky Corporation, Water Technologies, Fujian Yuxin Electronic
Co., Ltd, Air2Water LLC, Atlantis Solar, Water-Gen Ltd, Ecoloblue, Inc. and Konia.
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