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An Atmospheric Water Generator extracts water from the humidity in the air and renders water potable. These generators are used in numerous applications like commercial, industrial, and residential to fulfill water requirements.
The Global Atmospheric Water Generator (AWG) Market is likely to grow at a CAGR of around 24.88% during the forecast period, i.e., 2021-26, says MarkNtel Advisors. The market growth primarily attributes to the growing government focus toward water generation and massive investments from leading market players in the research & development activities to develop enhanced AWG units with higher efficiency and lower environmental impacts.
The burgeoning concerns for high carbon footprint & power consumption are propelling manufacturers to develop onboard power generation AWG units, including wind turbines & solar panels.
Furthermore, the increasing awareness & adoption of water safety regulations to avoid the deterioration & depletion of freshwater sources shall also fuel the demand for AWGs in the forecast years.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2016-19 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| CAGR (2021-2026) | 24.88% |
| Regions Covered | North America: USA, Canada, Mexico |
| Europe: Germany, UK, France, Italy, Spain, Netherlands | |
| Asia-Pacific: China, India, Japan, South Korea, Australia and Others | |
| South America: Brazil | |
| Middle East & Africa: UAE, Saudi Arabia, South Africa | |
| Key Companies Profiled | Akvo Atmospheric Water Systems Pvt. Ltd., Dew Point Manufacturing, Saisons Trade & Industry Private Limited, WaterMaker India Pvt. Ltd., PlanetsWater, Water Technologies International, Inc. (WTII), SkyWater Air Water Machines, Drinkable Air, Hendrix Water, Energy and Water Development Corp. (EAWC), Atlantis Solar, GENAQ Technologies S.L., Air2Water LLC, EcoloBlue, Inc., Watergen |
| Unit Denominations | USD Million/Billion |
Covid-19 Severely Impacted the Global Atmospheric Water Generator (AWG) Market
With the Covid-19 pandemic, almost all industries faced a negative effect, where the Global Atmospheric Water Generator Market was no exception and observed a severe impact. The governments across the globe had to impose stringent movement restrictions & lockdowns to combat the virus transmission, which took a negative turn on the Atmospheric Water Generators Market, resulting in massive disruptions in the supply chain, coupled with demand decline.
Additionally, the labor shortage further resulted in reduced production and later a complete shutdown of manufacturing units. Besides, project & shipment delays also led to massive financial losses to the market players.
However, with the gradual upliftment of restrictions, the market shall revive speedily & regain its usual pace and create remunerative growth opportunities for the market players in the forecast period.
Based on the Product Type, the Global Atmospheric Water Generator (AWG) Market Bifurcates into:
Between the two, Cooling Condensation is projected to dominate the market with the largest share. On the other hand, Wet Desiccation shall witness the fastest market growth during the forecast period, i.e., 2021-26.
Cooling Condensation to Reign the Market with the Largest Share During 2021-26
The prime factor supporting the dominance of Cooling Condensation AWGs is their extensive use in industrial, commercial, and residential areas, owing to their large-scale installation & productivity to suffice the freshwater needs. Furthermore, the continuous technological advancements are also likely to propel the demand for these AWGs across areas with high water scarcity.
Wet Desiccation to Witness the Fastest Growth in the Global Atmospheric Water Generator (AWG) Market
Wet Desiccation AWGs are expected to witness the fastest market growth in the forecast period, owing to the rapid technological advancements to upgrade & replace the crystalline brine salt with liquid brine. These advancements further enhance humidity extraction from the air. Hence, the segment demand is surging significantly.
Moreover, various large-scale industries & militaries of several economies are propelling the adoption of these AWGs for their portable variants that produce a water volume of approximately 4550 to 5000 liters per day.
Since the technology is an immediate source of freshwater, the US Army & Navy are considering installing these AWGs for their respective uses during the forecast period. Hence, with these factors, the segment is likely to display the fastest market growth in the forecast period of 2021-26, states MarkNtel Advisors in their research report, “Global Atmospheric Water Generator (AWG) Market Analysis, 2021.”
Based on the Application, the Global Atmospheric Water Generator (AWG) Market Bifurcates into:
Industrial Application to Dominate the Global Atmospheric Water Generator (AWG) Market with the Largest Share
The prime factor likely to lead the segment to attain the massive share is the rising dependency on water across multiple industries for power generation, mining, textiles, pharmaceuticals, pulp & paper, oil exploration, etc.
Additionally, the construction sector alone requires approximately 5000 gallons of water per day to function. Hence, the demand for AWGs is propelling extensively in the industrial sector.
Moreover, the vast utilization of AWGs is primarily in water vending machines, government or military facilities for water security, bottling facilities for beverages, food processing facilities, contaminated groundwater, facilities with critical water needs, etc.
Furthermore, rapid industrialization is likely to remain a constant booster for the demand for Atmospheric Water Generators in the industrial sector, thereby leading the segment to obtain the largest market share in the forecast period.
Residential Sector to Display the Fastest Market Growth During 2021-26
The Residential sector is more likely to witness the fastest growth in the forecast period. It owes primarily to the increasing urbanization to suffice the need for water among the flooding population. Additionally, the favorable government policies to increase the housing facilities shall influence manufacturers to integrate the demand for AWGs across residential applications. Furthermore, consecutive years of droughts & freshwater depletion, especially across Asia-Pacific & the Middle East, are other crucial aspects likely to surge the demand for AWGs across the residential sector in the forecast period.
Followed by, the Commercial Sector is likely to witness significant growth in the forecast period, principally due to the soaring demand for AWGs across commercial buildings like hotels & theaters to eliminate water scarcity issues.
Furthermore, these AWGs installed with onboard power sources providing sustainable power generation & reduced energy costs is another crucial aspect that shall propel the demand for AWGs in the commercial sector during 2021-26.
Market Drivers
The key factors that shall drive the Global Atmospheric Water Generator Market in the forecast period include the following:
Market Restraints
The factors that might hinder the market growth include the following:
Regional Landscape
Based on the Geography, the Global Atmospheric Water Generator (AWG) Market expands across:
Asia-Pacific to Dominate the Market with the Largest Share, with Prime Contributions by China & India
Geographically, Asia-Pacific is expected to dominate the market with the largest share in the forecast period. The market dominance owes to constant industrialization, surging infrastructural activities & water scarcity, and depletion of freshwater resources in the region.
Economies like China & India are likely to drive the Global Atmospheric Water Generator Market in the forecast period. China is the manufacturing leader due to its mid-low end industry. Here, Hendrix is the prominent market player in the AWG sector, while in India, Watermaker India leads the technological developments.
North America to Observe the Fastest Market Growth During 2021-26
Talking about the fastest market, North America is more likely to acquire the spot. The prime factor supporting the market growth in the region is the ideal climatic conditions. The high relative humidity and depletion of freshwater reserves shall surge the demand for Atmospheric Water Generators and benefit the overall market growth. Furthermore, the continuous technological advancements to introduce superior performance in terms of quality shall also boost the market in the forecast period.
The US is expected to remain the key contributor to the region's dominance in the market, owing to the increasing demand for AWGs, majorly from the industrial sector. Besides, the country observes rapid climatic changes that even result in drought in some of its parts, thereby fueling the growth of the Global Atmospheric Water Generator Market in North America.
Competitive Landscape
According to MarkNtel Advisors, the leading players in the Global Atmospheric Water Generator (AWG) Market are Akvo Atmospheric Water Systems Pvt. Ltd., Dew Point Manufacturing, Saisons Trade & Industry Private Limited, WaterMaker India Pvt. Ltd., PlanetsWater, Water Technologies International, Inc. (WTII), SkyWater Air Water Machines, Drinkable Air, Hendrix Water, Energy and Water Development Corp. (EAWC), Atlantis Solar, GENAQ Technologies S.L., Air2Water LLC, EcoloBlue, Inc., Watergen.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation, and Statistics
Frequently Asked Questions
A. The Global Atmospheric Water Generator (AWG) Market is likely to grow at a CAGR of around 24.88% in the forecast period of 2021-26.
A. Akvo Atmospheric Water Systems Pvt. Ltd., Dew Point Manufacturing, Saisons Trade & Industry Private Limited, WaterMaker India Pvt. Ltd., PlanetsWater, Water Technologies International, Inc. (WTII), SkyWater Air Water Machines, Drinkable Air, Hendrix Water, Energy and Water Development Corp. (EAWC), Atlantis Solar, GENAQ Technologies S.L., Air2Water LLC, EcoloBlue, Inc., Watergen are a few leading players in the Global Atmospheric Water Generator (AWG) Market.
A. Cooling Condensation is the most likely to attain the highest CAGR and maintain its significant market share during the forecast period.
A. Large-scale industries using oil & gas, steel, and paper shall increase the demand for AWGs to enhance production efficiency & produce pure water accessibility, thereby creating remunerative growth opportunities for the market players in the forecast period.
A. The Atmospheric Water Generators Market observed massive disruption in the supply chain and demand decline, along with labor shortage resulting in a complete shutdown of production units. Besides, incomplete projects and delays in shipments also led to massive financial loss to the market players. However, with the gradual upliftment of restrictions, the market shall revive speedily, regain its usual pace, and recover from the loss in the forecast period.
