Global Atmospheric Water Generator (AWG) Market Research Report: Forecast (2024-2030)

Market Definition

Atmospheric Water Generator or AWG is an equipment or machinery that extracts water vapor or water from the surrounding air through condensation or liquid/wet desiccant. These devices are used for meeting water requirements in industrial, commercial, residential, and government applications. They are available in different capacities and can be static or mobile.

Market Insights & Analysis: Global Atmospheric Water Generator (AWG) Market (2024-30):

The Global Atmospheric Water Generator (AWG) Market size is valued at around USD 2.21 billion in 2024 & is estimated to grow at a CAGR of around 8.11% during the forecast period, i.e., 2024-30. Atmospheric Water Generators are an advanced technology that is in its nascent stage and is emerging as one of the potential solutions to mitigate the problem of water scarcity in hot, humid, and arid geographies across the globe. As atmosphere holds roughly 12,900 cubic kilometers of water in it. Also, this water gets readily regenerated due to the evaporation of water from the ocean and the earth. So, to harness this potential, companies across the globe are investing considerably in AWG technologies.

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The importance of this device further increases with the rising global water scarcity because of the increasing water usage as the global population continues to grow. Presently the need for freshwater is largely fulfilled through the water available in the lakes, rivers, and underground water. However, climate change, rising global temperature, and human activities have negatively impacted these water bodies. This has further elevated the problem of water scarcity.

As the need for freshwater rises primarily in water-stressed regions like the Middle East, South Asia, and Southeast Asia, atmospheric water generators will play an important role as one of the key solutions. The companies operating in these tropical belts primarily cater to commercial needs and have now started increasing their focus on residential applications. Compact versions of AWGs for residential usage as a potential alternative to filters are being introduced.

Global Atmospheric Water Generator Market Driver:

Rising Consumption of Clean & Fresh Drinking Water in Water Scarce Regions – The depleting water reserves and freshwater sources in the southern hemisphere are pressing the need for alternate sources of water harnessing. As of 2024, the agriculture sector accounted for 70% of the freshwater usage, industries consume about 19% and domestic usage made up around 11% across the globe. With the rise in urbanization and construction activities, there has been an increase in water demand in countries like India, China, GCC member countries, Indonesia, the Philippines, etc. At the current trend, it is estimated that the water demand will outpace its supply. According to the World Economic Forum, by 2030, the demand for freshwater will exceed its supply by 40%.

According to the World Bank, currently 4.4 billion inhabitants reside in cities. This migratory trend indicates that by 2050, 7 of 10 inhabitants living in cities. This will further increase the burden on the water sources there and deplete them faster. Apart from this, the surge in global temperature will only exacerbate this situation globally. For instance,

• The United Nations estimated that with each instance of increase in global average temperature by 1^oC (1.8^oF), there is a decline of 20% in renewable water resources.

The development of these scenarios will potentially increase the demand for the atmospheric water generator. The device can generate water from the air without an extensive logistical requirement where the water needs to be transported and supplied from a distant place.

Global Atmospheric Water Generator Market Opportunity:

Potential Opportunity in Agricultural Activities – The broader consumption of water in agriculture coupled with the rising water scarcity in the world, presents a healthy opportunity for the Global Atmospheric Water Generator Market. The amount of water consumed in farming will depend on the type of crop. However, the device can be significantly useful for farming done in greenhouses, personal small-scale farms, and hydroponic farming. With the rise in extreme weather conditions due to climate change, leading to drought. For instance,

• Akvosphere provides an “Akvo Farm, and Farming Solutions” based on the principles of Hydroponics that will support the optimal water needs for farming. Akvosphere provides its offering largely in India and in Middle-Eastern countries like the UAE.

Global Atmospheric Water Generator Market Challenge:

Market Potential Limited to Tropical Regions Only – Generally, the optimal working of atmospheric water generators requires higher temperatures and high humidity levels. This limits the market to tropical and sub-tropical regions worldwide for AWGs to perform optimally. This is primarily due to the device needing enough water vapor and adequate ambient temperature in the air to derive substantial water from it. The efficiency of the equipment falls in situations with low levels of humidity and below ambient temperature levels. This puts the reliability of the device in question and also limits the market’s expansion only to regions with favorable climatic conditions. Based on its operating principle, the potential opportunities are limited to Central and South America, the Middle East & Africa, and Southeast & south

Global Atmospheric Water Generator Market (2024-30): Segmentation Analysis

The Global Atmospheric Water Generator Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2024–2030 at the global level. Based on the analysis, the market has been further classified as:

Based on Technology:

• Cooling Condensation
• Liquid/Wet Desiccant

When considering segmentation based on technology, of the Global Atmospheric Water Generator Market, the cooling condensation segment holds the largest market share. The main reason is due to the simpler nature of the technology. The process involves cooling the humid air to a temperature where it condenses to form water vapor. This makes it an effective method as almost all the leading companies are offering their AWG products based on cooling condensation. It is generally recognized as the mature and viable option to be employed in AWGs to be used across residential, commercial, and industrial applications. Due to these important metrics, cooling condensation has been widely accepted and preferred technology for water extraction via AWG.

Based on Application:

• Industrial
• Commercial
• Residential
• Government

Based on application, the commercial segment accounts for the largest market share in the Global Atmospheric Water Generator Market. This is primarily because commercial spaces such as office buildings, hotels, large-scale facilities, and educational institutions consume a substantial amount of water which can be reliably provided using the current AWG. AWGs are gradually deployed by hospitals, educational institutes, etc., as a backup source of water in cities such as Chennai, Bengaluru, and Singapore.  Additionally, the AWGs can be easily integrated with the existing infrastructure of the commercial spaces which can reduce the reliance on other water resources.

Moreover, the companies are quite interested in this segment as the commercial usage would potentially bring in a higher demand for AWGs compared to other segments. These scenarios will likely continue providing steady growth to the Global Atmospheric Water Generator Market over the forecasted period.

Global Atmospheric Water Generator Market (2024-30): Regional Projections

Geographically, the Global Atmospheric Water Generator Market expands across:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

The Atmospheric Water Generator needs a highly humid region and a temperature of around 30^oC for its optimal performance. Globally, these conditions are present in the tropical and sub-tropic regions. This makes Asia-Pacific the biggest market for the Global Atmospheric Water Generator. This is primarily due to a significant number of countries in the region falling into the water-stressed zones. Apart from this, the region is also home to a huge population that is growing at a massive pace. This coupled with rising development and heightened economic activities will increase water consumption and further exacerbate the problem of water scarcity. This development leads to a healthy demand for the equipment and ensures the dominance of the region in the Global Atmospheric Water Generator market over the foreseeable future.

Global Atmospheric Water Generator Industry Recent Development:

• September 2023: Maithri Aquatech in partnership with CSIR-Indian Institute of Chemical Technology (CSIR-IICT) has set up an atmospheric water generator to provide pure drinking water at the Ghoom Girls' Higher Secondary School in Darjeeling.

Gain a Competitive Edge with Our Global Atmospheric Water Generator Market Report

1. Global Atmospheric Water Generator Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
3. Global Atmospheric Water Generator Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

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