Atmospheric Water Generator Market Research, 2031
The global atmospheric water generator market size was valued at $2.5 billion in 2021, and is projected to reach $9.7 billion by 2031, growing at a CAGR of 14.8% from 2022 to 2031.
An atmospheric water generator is also known as a hydro-panel device that extracts water from moisture & humid ambient air and produces portable water. Water vapor in the air can be extracted with the help of multiple technologies such as cooling condensation and wet desiccation. Atmospheric water generators (AWGs) are useful where portable water is not easy to obtain as water is present in nearby ambient air.
The market is expanding due to a rise in awareness related to hygiene and safe drinking water. Moreover, in April 2021, the U.S. government invested $35 billion to strengthen its water infrastructure through the Drinking Water and Wastewater Infrastructure Act. Such government initiatives are driving the market growth. Similarly, more government rules and policies including the Safe Drinking Water Act, Drinking Water Directive in European Nations and Japan’s Drinking Water Quality Standard are focused on ensuring safe portable drinking water. Such policies and regulations are expected to provide lucrative growth in the atmospheric water generator market. The biggest issues with AWGs are their high investment and maintenance requirements, particularly for residential customers. The low purchasing power of consumers, particularly in the Middle East and Africa, limits the market growth for residential applications. Key players are looking for new and advanced technologies to lower the cost of manufacturing atmospheric water generators.
In addition, key players in the market are launching new AWG products to expand their market reach. For instance, in August 2020, Akvo Atmosphere Water System Pvt. Ltd. launched Akvo POD+, which comes in two variants. The first is designed for normal households with a capacity of 50 liters, and the other can be utilized by corporate offices with a capacity of 1,000 liters. Such factors are driving the atmospheric water generator market growth.
By Type
The Cooling Condensation segment was the highest revenue contributor in 2021.
On the basis of type, the cooling condensation segment generated the largest revenue in 2021, due to an increase in adoption in commercial and residential places. Cooling condensation systems are the most common technique used. A purification/filtration system keeps the water pure and reduces the risk posed by ambient microorganisms.
By Application
The Non-Residential segment dominated the market in 2021.
On the basis of application, the non-residential segment accounted for the highest atmospheric water generator market share in 2021, owing to rise in market for atmospheric water generators in commercial structures including malls, universities, and education buildings & complexes.
The novel coronavirus (COVID-19) rapidly spread across various countries and regions in 2019, causing an enormous impact on the lives of people and the overall community. It began as a human health condition and has now become a significant threat to global trade, economy, and finance. The COVID-19 pandemic halted production of many products in the atmospheric water generator market, owing to lockdowns. Furthermore, the number of COVID-19 cases is expected to reduce in the future with the introduction of the vaccine for COVID-19 on the market. This has led to the reopening of atmospheric water generator companies at their full-scale capacities. This is expected to help the market recover by the end of 2022. After COVID-19 infection cases begin to decline, equipment & machinery producers must focus on protecting their staff, operations, and supply networks to respond to urgent emergencies and establish new methods of working.
By Region
Asia-Pacific garnered the largest market share in the global atmospheric water generator market in 2021.
On the basis of region, Asia-Pacific registered the highest revenue in 2021 and is expected to register the highest CAGR in the atmospheric water generator market forecast period, owing to rise in infrastructure activity in the region. Moreover, growth in construction activities owing to rapid urbanization & industrialization is anticipated to boost the demand for atmospheric water generators. As a result, the use of the atmospheric water generator market in new construction for a sustainable environment is expected to provide lucrative growth in the atmospheric water generators market forecast period.
The atmospheric water generator market is segmented into Type, Capacity and Application. On the basis of type, the market is divided into cooling condensation and wet desiccation. By capacity, the market is divided into up to 60 liters, 61-500 liters, 501-1000 liters, and more than 1,000 liters. On the basis of application, the market is divided into residential and non-residential. Region-wise, the market analysis is conducted across North America, Europe , Asia-Pacific, and LAMEA.
Competition Analysis
The key players operating in the atmospheric water generator industry are AeroNero, Air 2 Water Solutions, Akvo Atmospheric Water Systems, Atlantis Solar, Clean Wave Products, Dew Point Manufacturing, Drinkable Air Technologies, EcoloBlue, Eshara Water, GenaQ Technologies, PlanetWater, Quench Innovations, Ray Agua, SkyWater Air Water Machines, Water Gen Ltd., Water Technologies International Inc., and Air Drinking Water Technology.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the atmospheric water generator market analysis from 2021 to 2031 to identify the prevailing atmospheric water generator market opportunity.
- Market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- An in-depth analysis of the atmospheric water generator market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global atmospheric water generator market trends, key players, market segments, application areas, and market growth strategies.
Atmospheric Water Generator Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 9.7 billion |
 Growth Rate | CAGR of 14.8% |
 Forecast period | 2021 - 2031 |
 Report Pages | 295 |
 By Type |
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 By Capacity |
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 By Application |
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 By Region |
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 Key Market Players | SkyWater Air Water Machines, DRINKABLE AIR TECHNOLOGIES, RAY AGUA, Ecoloblue, DEW POINT MANUFACTURING, ZHONGLING XINQUAN, CLEAN WAVE PRODUCTS, ESHARA WATER, GENAQ TECHNOLOGIES S.L, Atlantis Solar, WATER-GEN LTD., AKVO ATMOSPHERIC WATER SYSTEMS PVT. LTD, Water Technologies International, Inc., PLANETSWATER, Air 2 Water Solutions, AERONERO, QUENCH INNOVATIONS |
Analyst Review
The atmospheric water generator (AWG) market has observed huge demand in North America, Asia-Pacific, and Europe. Asia-Pacific is projected to remain the major revenue-generating region of the market in the near future. This is due to rise in residential and non-residential construction activities in countries such as India, Japan, Australia, Singapore, South Korea, and Thailand. Advanced technology is used in AWG to create potable water from the ambient air and humidity around it. This offers the chance to increase the amount of water that is available during shortages and contaminant occurrences that can cause drinking water services to be interrupted. The demand for automatic water generators has increased due to rise in need for safe water. Moreover, it can overcome water problems such as public water infrastructure failures and pipe corrosion causing pollution concerns.
Various market players are adopting strategies such as product launches, business expansion, acquisitions, partnerships, and agreements to expand their business and strengthen their market position. For instance, in May 2022, Drinkable Air Technologies partnered with Green Key, which is an international eco-label for tourism facilities. Through this partnership, the company had to reduce water consumption and disposal of plastic water bottles. Furthermore, company partnered with ARATA International FZC, which is expected to be the new exclusive partner in the UAE & Oman for the distribution of drinkable air technology products. As a result, such strategic moves are expected to provide lucrative growth in the global atmospheric water generator market.
The atmospheric water generator market was valued at $2,450.9 million in 2021.
Asia-Pacific is the largest regional market for Atmospheric Water Generator Market.
The atmospheric water generator market is projected to reach $9,703.5 million by 2031.
Non-residential is the leading application of the Atmospheric Water Generator Market.
increase in awareness regarding climate change and rising need of water due to growing population are the upcoming trends of the Atmospheric Water Generator Market in the world.
High initial and operation costs and fixed temperature requirements are the affecting factors of the Atmospheric Water Generator market.
The product launch is key growth strategy of Atmospheric Water Generator industry players.
The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
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