June 13, 2024

Atmospheric Water Generator Market poised to Propelled by rising demand for freshwater

The Atmospheric Water Generator utilizes the phenomenon of condensation to extract water from humid ambient air. Atmospheric water generators require only air as a resource and convert it into clean, safe and fresh drinking water on-site for household and industrial applications. The global demand for fresh and potable water has been rising steadily owing to growing population, urbanization, industrialization and changing climate patterns. This has propelled the need for innovative and sustainable solutions for decentralized water production without massive infrastructure investments or dependence on existing water resources and supplies.

The global Atmospheric Water Generator Market is estimated to be valued at US$ 3.08 billion in 2024 and is expected to exhibit a CAGR of 16% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends: Rising demand for freshwater

One of the key trends fueling growth of the atmospheric water generator market is the rising demand for freshwater owing to increasing scarcity of water resources across the globe. According to the United Nations, over 1.2 billion people currently live in areas of physical water scarcity and around 4 billion people experience severe water scarcity at least 1 month per year. The situation is expected to be exacerbated further with changing climate patterns leading to more frequent and intense droughts in many parts of the world. Atmospheric water generators are increasingly being adopted as decentralized solutions to supplement existing water supplies and overcome water stress conditions without heavy reliance on conventional central water infrastructure and distribution systems. The market is thus expected to witness significant opportunities over the forecast period driven by this growing need for alternate freshwater sources worldwide.

Key players operating in the atmospheric water generator market are Dew Point Manufacturing, WaterMicronWorld, Atlantis Solar, Air2Water LLC, Konia, EcoloBlue, Island Sky Corporation, WaterMaker India Pvt. Ltd., Eurosport Active World Corporation Technologies, Saisons Technocom Pvt. Ltd. These companies are focusing on developing portable and energy-efficient atmospheric water generators to capitalize on the opportunities arising in residential, commercial, and industrial sectors.

SWOT Analysis

Strength: Atmospheric water generators help provide access to clean drinking water in areas affected by water scarcity. They allow extraction of water from humid air using simple condensation technology.

Weakness: The quantities of water generated per unit are relatively small. These devices require a reliable source of electricity to function which can increase operating costs.

Opportunity: Growing concerns over water scarcity and availability of portable water purifiers present opportunities for atmospheric water generator manufacturers. Increasing applications in residential and commercial sectors also support market growth.

Threats: Presence of alternative water treatment and purification methods act as substitutes. Potential issues over quality and safety of water extracted through condensation require addressing. Higher initial costs compared to other solutions can restrain widespread adoption.

Key Takeaways

The global Atmospheric Water Generator Market is expected to witness high growth over the forecast period from 2024 to 2031. The global Atmospheric Water Generator Market is estimated to be valued at US$ 3.08 billion in 2024 and is expected to exhibit a CAGR of 16% over the forecast period 2024-2031.

Asia Pacific region currently dominates the market and is likely to continue its lead. Rising agricultural and industrial water demand coupled with increasing per capita water consumption in major economies like China and India is a key factor propelling regional market expansion.

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