Technology Atmospheric Water Generator Market Size | Page 2

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However, high costs of industry products, along with high energy consumption, limit further penetration,
especially in residential applications. Manufacturers will come up with innovative technologies and production
methods to lower the overall costs of products to gain attention from residential & commercial users. The
atmospheric water generator market is categorized into products, applications, and regions.
Products comprise cooling condensation and wet desiccation. Cooling condensation AWGs are the most
commonly utilized. These generators occupied over 95 % of the total shares in 2015. Various technological
developments related to lower power consumption & costs are projected to augment segment growth till 2024.
Lack of customer awareness about wet desiccation products coupled with their complex mechanism should
restrict their growth. However, substitution of crystalline brine salts with liquid brine to enhance air moisture
extraction is likely to boost the demand for wet desiccation AWGs in the eight years ahead.
Applications include residential, industrial, and commercial. Residential led the market in the past and is said to
continue likewise during 2016 to 2024. Demand for AWGs from this segment should grow at a CAGR of over
14 % over the forecast period. Commercial applications are estimated to grow at the highest rate of over 19 %
in the near future. Industrial will observe substantial expansion.
Regions in the worldwide atmospheric water generator market are Latin America, Asia Pacific, Europe, North
America, and the Middle East & Africa. Demand in MEA is projected to grow at a CAGR of 18 % till 2024. Its
awareness regarding AWG benefits can drive the regional industry. India and China may experience high gains
on account of their rising urbanization and changing lifestyles.
Moreover, higher prevalence of water scarcity and unusual rainfalls in India would propel the demand for ideal
water production alternatives. This is forecast to positively influence the Indian market. The huge need for
power supply for AWGs renders it impractical for usage across few geographical regions. Some of the eminent
players in the global market encompass Fujian Yuxin Electronic Co. Ltd.; Watair Inc.; Ambient Water Corp.; and
Technocom Pvt. Ltd.
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