Atmospheric water generators utilize air's natural water content to produce clean and safe drinking water for applications including residential and commercial use. Atmospheric water generators condense humidity and extract water from the air to deliver up to hundreds of liters of water per day depending upon the size and capacity of the unit. The advantages of atmospheric water generators include producing zero-waste and eliminating the need for delivery and storage of bottled water.
The global Atmospheric Water Generator Market is estimated to be valued at US$ 4.06 Bn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends: The increased demand for clean drinking water solutions around the world has accelerated the growth of the atmospheric water generator market over the past decade. Population growth and rising water scarcity issues have led many regions and countries to invest in atmospheric water generation technologies. Furthermore, sustained marketing initiatives by major atmospheric water generator manufacturers have created widespread awareness about the environmental and economic benefits of utilizing air's natural moisture. This has boosted the sales of residential and commercial water generators and is expected to further drive the market during the forecast period.
Segment Analysis
The Global Atmospheric Water Generator Market Analysis is dominated by the Residential sub-segment. Residential sub-segment holds around 32.5% of the total market share owing to the rising demand for a cost effective and continuous availability of water. The demand for water generators is increasing in residential sector for personal use and small scale applications like gardening.
Key Takeaways
The global atmospheric water generator market is expected to witness high growth over the forecast period of 2023 to 2030. The market is projected to rise at a CAGR of 6.2% during the forecast period and expected to reach a value of US$ 4.06 billion by 2023.
Regional analysis
The North American region dominated the global atmospheric water generator market in 2022. Countries like the US and Canada have large number of residential setups adopting atmospheric water generators for daily use. High spending on innovative green technologies and increasing awareness about water conservation are key factors contributing to the growth of the atmospheric water generator market in North America. Going forward, Asia Pacific region is expected to show highest growth in the market due to increasing population, urbanization and rising demand for clean water in countries like China and India.
Key players
Key players operating in the atmospheric water generator market include Exxon Mobil Corporation, Saudi Basic Industries Corporation, Royal Dutch Shell Plc., China Petroleum & Chemical Corporation, Chevron Phillips Chemical Company LLC, Total S.A., LyondellBasell Industries N.V., National Petrochemical Company, INEOS Group. These players are focusing on expanding their manufacturing facilities and product portfolio to strengthen market presence. For instance, in 2022 Exxon Mobil Corporation launched its new atmospheric water generator "Aquamax" with 20% more output than previous models.
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Atmospheric Water Generator Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2019-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Atmospheric Water Generator include Akvo Atmospheric Water Systems Pvt.
Ltd., Saisons Trade & Industry Private Limited, WaterMaker India Pvt.
Ltd., SkyWater Air Water Machines, PlanetsWater, Saisons Trade & Industry Private Limited, GENAQ Technologies S.L., Dew Point Manufacturing, Water Technologies International, Inc. (WTII), Drinkable Air, Atlantis Solar, Hendrix Water, Energy and Water Development Corp. (EAWC), EcoloBlue, Inc., and Air2Water LLC..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Atmospheric Water Generator Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/atmospheric-water-generator-market/download-sampleMarket SegmentationThe broad Atmospheric Water Generator has been sub-grouped into the Product, Application, and Region.
