Atmospheric Water Generator Market Becomes the New Filters to Reach Valuation at 14.8% CAGR by 2031

In September 2018, the U.S. Environment Protection Agency announced a new Cooperative Research and Development Agreement (CRADA) for the development of atmospheric water generators (AWGs) and their potential as a source of water production. In particular, EPA and Israel's WaterGen signed a CRADA to assess their GEN-350 system. In ideal temperature and humidity conditions, the GEN-350 can produce over 600 liters of water each day. As a result, such factors drive the atmospheric water generator market growth.

According to a new report published by Allied Market Research, titled, "Atmospheric Water Generator Market," The atmospheric water generator market size was valued at $2.5 billion in 2021, and is estimated to reach $9.7 billion by 2031, growing at a CAGR of 14.8% from 2022 to 2031.

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Atmospheric water generator (AWG) may generate somewhere around 1-20 liters of water per day at the household scale and up to 10,000 liters per day at the commercial scale. The amount of humidity, or water vapor, in the air and the air temperature have a significant impact on the rate of water production. Similar to a home dehumidifier, the most widely used AWG systems draw moisture from the air using cooling coil technology and a condenser.

However, operating these fan systems and condensers can demand a sizable amount of energy. Recent technological improvements have significantly improved the energy-to-water ratio, boosting the viability of employing these systems to supplement the country's drinking water resources.

One of the primary factors driving the growth of the atmospheric water generator market is the global expansion of various policies for improving a country's public water infrastructure and drinking water systems.

It is highly essential to comprehend the widespread value chain to obtain a deep understanding of the market. To attain this, AMR accumulates data from the top administrators in the industry. Furthermore, technical data is congregated from the intellectual property standpoint, whereas technical drifts are assimilated from exhaustive assessments, technical conventions, and trade bulletins. This study confers an informative depiction of the global market along with the recent trends and future valuations to support the investment pockets. Porter's five forces analysis, on the other hand, validates the influence of buyers & suppliers in the market. The report offers a detailed market study based on economical force and how the global competition will shape up in the near future.

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In Europe, rising construction of residential homes across the Eastern Europe and ongoing infrastructure development projects, especially in Spain, are expected to drive the market growth. Further, rise in demand for residential buildings and increase in consumer expenditures on home improvement are expected to continue to drive the market growth. For instance, according to the article published in The Indian Express in August 2021, Germany built 285,900 new constructions in which 250,100 is new residential units and 4,500 non-residential units, and 31,300 houses were renovated. Such initiatives are expected to surge the growth of the construction industry in Europe.
This, in turn, is likely to boost the demand for atmospheric water generator in the Europe during the forecast period.

Top Players:
AERONERO, GENAQ TECHNOLOGIES S.L, QUENCH INNOVATIONS, CLEAN WAVE PRODUCTS, Water Technologies International, Inc., Air 2 Water Solutions, WATER-GEN LTD., AKVO ATMOSPHERIC WATER SYSTEMS PVT. LTD, SkyWater Air Water Machines, Ecoloblue, ESHARA WATER, ZHONGLING XINQUAN, DEW POINT MANUFACTURING, PLANETSWATER, Atlantis Solar, DRINKABLE AIR TECHNOLOGIES, RAY AGUA

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Key Findings of the Study

The report provides an extensive analysis of the current and emerging global atmospheric water generator market trends and dynamics.

Depending on type, the cooling condensation segment dominated the market in terms of revenue in 2021, and wet desiccation is projected to grow at a significant CAGR during the atmospheric water generator market forecast period.
By application, the non-residential segment is expected to register the highest revenue in 2021.

Asia-Pacific is projected to register the highest atmospheric water generator market share in the coming years.
The key players within the global atmospheric water generator market are profiled in this report, and their strategies are analyzed thoroughly, which helps understand competitive outlook of the atmospheric water generator industry.

The report provides an extensive analysis of the current trends and emerging atmospheric water generator opportunities.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, DE. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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