April 20, 2024

Atmospheric Water Generator Market to Witness Strong Growth on Account of Rising Awareness Regarding Water Conservation

Atmospheric water generators harness moisture from humid air and convert it into potable water. These products remove particulates, sanitize, and mineralize the water to make it safe for drinking. With rapid urbanization and growing industrial activity, freshwater resources are under increasing strain. Atmospheric water generators provide an effective solution to supplement conventional water supplies. They can produce water from ambient air irrespective of the climate, helping address water scarcity issues.

The Global Atmospheric Water Generator market is estimated to be valued at US$ 3.08 bn in 2024 and is expected to exhibit a CAGR of 16% over the forecast period 2024 to 2031.

Key players operating in the atmospheric water generator market are WaterMicronWorld, Dew Point Manufacturing, Watair Inc., Ambient Water, Saisons Technocom Pvt. Ltd., WaterMaker India Pvt. Ltd., Planets Water, Water Technologies International, Inc., Island Sky Corporation, Fujian Yuxin Electronic Co. Ltd., Eurosport Active World Corporation Technologies, Atlantis Solar, Air2Water LLC, Konia, and Ecoloblue, Inc.

Key opportunities in the market include growing adoption in residential and commercial sectors, technological advancements to improve efficiency and output, and supportive government policies and programs. Several countries in Asia Pacific, Latin America, and the Middle East are promoting the use of atmospheric water generators to address water scarcity. Leading manufacturers are poised to benefit by catering to the increasing demand and expanding into new geographical regions.

The global expansion of the atmospheric water generator market has been driven by rising awareness regarding water conservation and sustainability. With water stress affecting over 40% of the global population, institutional buyers are increasingly incorporating atmospheric water generators into their supply chain management. The market is expected to witness high growth in water-stressed regions like the Middle East, South Asia, and parts of Africa and Latin America.

Market drivers: The key driver favoring the growth of the atmospheric water generator market is rising awareness regarding water conservation. Water scarcity is a growing crisis worldwide due to factors like rapid urbanization, increasing population, inconsistent monsoon patterns due to climate change, irrigation for agriculture, and industrialization. Atmospheric water generators provide a viable solution by producing potable water from humid air, thus helping reduce pressure on conventional water sources. This is driving the increased adoption of such technologies across regions.

PEST ANALYSIS

Political: Governments around the world are implementing new regulations to promote green technologies and reduce dependency on freshwater sources. This is expected to boost demand for atmospheric water generators.

Economic: Availability of low-cost financing options for renewable energy projects is encouraging adoption of atmospheric water generators especially in developing regions where clean water scarcity exists. Rising per capita income will also support market growth.

Social: Increasing public awareness about water conservation and sustainability is positively influencing the procurement of atmospheric water generators. Younger demographics are especially interested in environment-friendly technologies.

Technological: Manufacturers are focusing on innovations to improve efficiencies and develop compact models for portable and residential use. IoT integration is allowing remote monitoring of units. New evaporative technologies are able to extract water from low humidity levels.

The atmospheric water generator market in terms of value is highly concentrated in Asia Pacific region due to rising Clean Water demands in India and dry Climate conditions in countries like China. Middle East & Africa is another major regional market owing to acute water scarcity issues in many nations located in this part of world.

North America is projected to witness the fastest growth during the forecast period. Increased adoption of novel green technologies for commercial and residential water production is driving the atmospheric water generator market in countries like United States. Growing environmental consciousness and technological advancement are expected to support future market expansion.

*Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it