Increasing fresh water requirement for residential and industrial applications coupled with depleting water reserves is expected to drive atmospheric water generator market
Atmospheric water generator (AWG) market size is forecast to be worth USD 9.3 billion by 2022, at a growing CAGR of 37.4% from 2015 to 2022, according to new study based report by Global Market Inisghts. The report provides in-depth analysis of the AWG market including restraints, drivers, opportunities, challenges and key trends influencing the market.
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The report features:
- Market overview with definitions, application, and segmentation
- A perspective on various factors influencing market growth
- Pin-point analysis with competitive dynamics
- Current market scenario and a seven year forecast
- The key product segmentation and their outlook
- Insights of market with in-depth analysis of market segments
Rising awareness of adverse effects climate change on fresh water, depleting water resources, declining availability of fresh water and increasing infrastructure development is anticipated to propel demand for fresh water for residential and industrial purposes. Changing consumer trends with preference to residential generators over filters owing to the availability of clean drinking water is likely to further the market growth.
In spite of the domination of cooling condensation systems in the global AWG market, the wet desiccation segment is likely to witness growth in the near future owing to high power consumption of cooling condensation systems . Investments in R&D to develop clean and low cost technology is lileky to provide highly lucrative research opportunities for participants in the AWG market. Wet desiccation machine segment is forecast to witness significant growth with over 40% CAGR during the projected time frame.
Residential atmospheric water generator market share is expected to persist its dominance in application segment. Industrial applications are anticipated to observe growth and attain high gains at a projected CAGR of more than 37% over the next 7 years.
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Asia Pacific is likely to continue its dominance the regional segment, driven by China and India owinbg to rising commercial and industrial expenditure. Middle East & Africa AWG market is estimated to witness high growth rates at a CAGR of more than 38% by 2022.
The report features competitive analysis of the market with key participants in the market profiled in the report coupled with their business strategies, finance metrics and key trends. Companies such as Planet Water, Watair Inc., and Dew point are engaged in AWG manufacturing. Key players in this market include WaterMaker India., Saisons Technocom., Ambient Water and Island Sky Corporation, Water Technologies, Fujian Yuxin Electronic Co., Ltd, Air2Water LLC, Atlantis Solar, Water-Gen Ltd, Ecoloblue, Inc. and Konia,
Author Name : Dhananjay Punekar