According to Allied Market Research, titled The global atmospheric water generator market size was valued at $2.7 billion in 2023, and is projected to reach $10.8 billion by 2033, growing at a CAGR of 14.8% from 2024 to 2033.
Market dynamics
Water scarcity is an escalating global issue, affecting both developed and developing nations. The United Nations reports that approximately 2.2 billion people lack access to safely managed drinking water services. Climate change exacerbates this problem by altering precipitation patterns and reducing the availability of freshwater resources. The World Bank estimates that by 2025, half of the world’s population will be living in water-stressed areas. For instance, nearly 600 million people in India face high to extreme water stress, according to the NITI Aayog.
In the United States, over 40% of the population relies on groundwater for drinking, which is being depleted faster than it can be replenished, as indicated by the U.S. Geological Survey (USGS). These statistics highlight the urgent need for alternative water sources like atmospheric water generators (AWGs), which can extract water from humid air and provide a reliable supply of potable water, addressing the growing global water scarcity.
However, the Atmospheric Water Generator Market Growth is being constrained by high product costs, particularly in applications for homes and small businesses. A medium sized atmospheric water generator that produces more than 1000l/day cost $30,000 to $50,000. In addition, a consistent supply of electricity must be available for these systems to function effectively.
As a result, the overall cost of the operation goes up. However, it is anticipated that as new technologies are adopted, the price and impact of these limiting factors will decline during the forecast period. Therefore, this is an important factor that is expected to curb the growth of the atmospheric water generator market.
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Atmospheric Water Generator Market Segmental Overview
By Type
- Cooling Condensation
- Wet Desiccation
By Capacity
- Upto 60 litres
- 61-500 litres
- 501-1000 litres
- More than 1000 litres
By Application
- Residential
- Non-Residential
By Region
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, UK, Italy, Spain, Poland, Netherlands, Sweden, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Thailand, Indonesia, Vietnam, Rest of Asia-Pacific)
- LAMEA (Brazil, Argentina, Saudi Arabia, UAE, South Africa, Nigeria, Rest of LAMEA)
Competitive analysis and profiles of the major players in the PLANETSWATER, Ecoloblue, Quench Innovations, SkyWater Air Water Machines, Water Technologies International, Inc., Drinkable Air Technologies, Atlantis Solar, Clean Wave Products, GENAQ, Watergen, Eshara Water, Akvo Atmospheric Water Systems Pvt. Ltd, DewPoint Systems, Mayaqwa, AERONERO, Air 2 Water Solutions, FUJIAN WANJUAN TECHNOLOGY CO.,LTD., are provided in the report. Major players have adopted product launch and acquisition as key developmental strategies to improve the product portfolio of the Atmospheric water generator market.
Recent Development in the Atmospheric water generator Market
- In April 2021, Water Zone, Inc., subsidiary of Water Technologies International, Inc. announced that it has signed an agreement with a manufacturer of a whole house reverse osmosis systems to be sold in a national chain of “Big Box” home improvement stores throughout Florida
- In May 2022, A team of CSIR-IICT scientists, led by Chief Scientist S. Sridhar, recently installed fifteen Atmospheric Water Generator (AWG) units in remote community schools and colleges in Dehradun, Rishikesh, and Tehri districts of Uttarakhand, where groundwater is scarce. The installation includes ten units with a capacity of 60 liters per day and five units with a capacity of 150 liters per day.
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Key Benefits for Stakeholders
- The report provides an extensive analysis of the current and emerging Atmospheric water generator market trends and dynamics.
- In-depth market analysis is conducted by constructing market estimations for the key market segments between 2023 and 2033.
- Extensive analysis of the Atmospheric water generator market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
- The Atmospheric water generator market forecast analysis from 2024 to 2033 is included in the report.
- The key market players within Atmospheric water generator market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the Atmospheric water generator industry.
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