Atmospheric Water Generator Market Analysis

Global Atmospheric Water Generator Market Overview

Atmospheric Water Generator Market Size was valued at USD 2,270.38 million in 2022. The Atmospheric Water Generator industry is projected to grow from USD 2,466.54 million in 2023 to USD 5,010.89 million by 2030, exhibiting a compound annual growth rate (CAGR) of 10.40% during the forecast period (2023 - 2030). The primary force behind the growth of the Atmospheric Water Generator market worldwide is the steadily growing need for potable water. AWG provides a great and affordable substitute for bottled water. Compared to bottled water, the price of the atmospheric generated water is 50% less. The air-to-water systems don't require a source of water because ambient water is taken from moist air. Additionally, since these systems don't discharge any effluent, they are environmentally friendly. Furthermore, water consumption has greatly increased all over the world due to rising socioeconomic advancements, population growth, and industrial activities and the prevailing problem of shortage of water along with depleting water reserves is the significant factors driving the growth of the atmospheric water generator market.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Atmospheric Water Generator Market Trends

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  Depleting water reserves will fuel the growth of Atmospheric Water Generator market.

  
  

The increasing problem of depletion of water reserves is one of the major factors driving the growth of the atmospheric water generator market. Water is essential for the reduction of poverty and the growth of the economy. However, economic growth has an impact on water. Finding a balance between water supply and demand is the suggested answer. India had 19 million tube or automated wells by 2000, up from less than a million in 1960. This demonstrates the nation's economic development and the increased irrigation that it brought about, which significantly increased water stress, particularly in Rajasthan and Maharashtra.

Water resources are scarce, and daily water usage is rising. The rate of water withdrawal exceeds the rate of replenishment. According to UNESCO, 20% of the world's groundwater sources have been overused due to inadequate management and improper sustainable water use. 90% of the wastewater produced in developing countries is the result of insufficient wastewater treatment, leakage of chemicals and pesticides into water sources, and heavy crop irrigation. The lack of water has caused people to pay more attention to atmospheric humidity. Throughout the forecast period, this factor is anticipated to boost the market for atmospheric water generators.

Additionally, there will be more water usage in the coming years owing to the rising focus on industrialization, further creating growth opportunities for atmospheric water generator market. Moreover, population growth and depleting water supplies are anticipated to be the major market drivers for atmospheric water generators.

Growing R&D efforts in this area will probably allow generator makers to create models that are more efficient and have less environmental impact. Several manufacturers are integrating on-board power generation equipment, such as wind turbines and solar panels, into their new product development activities. Due to the relatively straightforward manufacturing process, many new producers, such Akvo Atmospheric Water Systems Pvt. Ltd. and Drinkable Air, are focusing solely on producing household AWGs. Additionally, it is anticipated that increased government investments in water infrastructure would increase demand for AWGs in residential applications.

To combat the issue of water reserve depletion, various efforts are being taken for the advancement of AWGs, for instance, to develop the Sola Hydra Cube design for residential and commercial AWGs, World Environmental Solutions Pty Ltd and Net Zero Renewable Energy Inc. inked a contract in February 2022. By manufacturing clean drinking water using renewable energy, the strategic alliance will assist both businesses in gaining a competitive edge in the global market. Additionally, the Central Railway of India announced in March 2022 that water generators will be installed at 14 locations throughout its eight stations in the Mumbai Division, including Sion Kurla, Kalyan, Thane, CSMT, Dader, and others, as part of a non-fair revenue scheme. Such initiatives will positively impact the market of AWGs, in turn flourishing its growth.

Atmospheric Water Generator Market Segment Insights

Atmospheric Water Generator by Product Insights

The Atmospheric Water Generator Market segmentation, based on Product has been segmented as Cooling Condensation and Wet Desiccation. Among these, the Cooling Condensation type is projected to dominate the Atmospheric Water Generator Market revenue through the projected period.  By lowering the air's dew point, the cooling condensation atmospheric water generator produces water. A compressor circulates refrigerant between an evaporator coil and a condenser in an atmospheric water generator (AWG) for cooling, which lowers the air temperature to the dew point and causes water to condense. When compared to other AWG machines, cooling condensation gives a high output. The amount of water created during cooling condensation is influenced by the relative humidity, temperature size, and ambient air temperature. When the relative humidity is greater than 30% and the temperature is above 18.3 degrees Celsius, cooling condensation water atmospheric water generators function effectively.

Figure1: Atmospheric Water Generator Market, by Product Insights, 2022 & 2030 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Atmospheric Water Generator by Application Insights

Based on Application, the Atmospheric Water Generator Market is segmented as Industrial, Commercial and Residential. Out of which the Industrial segment dominated the base year market and is also projected to be holding a dominating share in the forecasted period as well. The 'Industrial' segment, where it is difficult to find clean drinking water, accounted for the largest market share in 2022. The industrial segment is anticipated to expand as a result of inadequate drinking water infrastructure. Atmospheric water generators with high to extremely high output capacities are included in the industrial segment. These are employed in a variety of sectors, such as manufacturing, the beverage industry, bottling operations, and thermal power plants.

Atmospheric Water Generator Regional Insights

By Region, the study segments the Atmospheric Water Generator market into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia Pacific Atmospheric Water Generator market holds the largest market share and is also anticipated to account for the largest revenue share during the forecast period. This region's market is expanding significantly owing to rapid development and population growth which have resulted in altered lifestyles and increased water use. With decreasing natural water supplies, the demand for AWG is increasing considerably. Also, renewable AWG irrigation systems have been encouraged by consumer preferences for sustainable agriculture. Furthermore, atmospheric water producers offer temperatures and humidity that are ideal for plant growth. The presence of several agrarian economies in this region, including China and India, is projected to increase demand for products. Regional expansion is projected to be fueled by rising investments in tailoring AWG devices to various applications.

Nearly 500 million people in the Asia and Pacific region lack access to at least basic water supplies, and 1.14 billion do not have access to basic sanitation, despite improvements in the water sector over the previous 20 years and this factor will escalate the need for AWGs for addressing the problem of water scarcity in the region.

The world's fastest-growing economy is in the Asia and Pacific region, and the region's water industry has developed significantly during the previous two decades. Global leaders in water technology include Singapore, Japan, and the Republic of Korea. Recycled water may currently supply up to 40% of Singapore's water needs. Successful public-private partnerships have enabled a large portion of Metro Manila, a sprawling city of 12 million people, to have access to drinkable water all the time. In order to combat floods in more than 30 cities, the People's Republic of China is encouraging the growth of "sponge cities," where green infrastructure, such as trees, lakes, and parks, is used to absorb rainfall.

Figure2: Atmospheric Water Generator Market, by Region, 2022 & 2030 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Atmospheric Water Generator Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Atmospheric Water Generator Market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Atmospheric Water Generator Market industry must offer cost-effective products to expand and survive in an increasingly competitive and rising market environment.

The market for Atmospheric Water Generator is recognized as being extremely competitive. Players with access to better technologies can develop unique and innovative products and solutions, which could render the competitors’ offerings obsolete. The competitive environment in the market is likely to intensify further due to technological advancements. Some of the key players operating in the Atmospheric Water Generator Market are Akvo Water Systems Pvt. Ltd, Water Technologies International, Zhongling Xinquan (FUJIAN) Air Drinking Water Technology Co., Ltd, AirOWater, GENAQ Technologies S.L., Watergen, Ray Agua, SkyH2O, Yueqing Kemao Electric Co., Ltd, Dew Point Manufacturing, SkyWater Air Water Machines, Atlantis Solar, SunToWater Technologies LLC, Eshara Water and Canadian Dew Technologies Inc. To increase their global reach and client base, key firms are concentrating on acquisitions and product innovation.

Akvo Water Systems Pvt. Ltd: explores, develops ways to generate water from the atmosphere. Akvo creates water with their proprietary air-to-water technology, which generates an infinite supply of clean drinking water from the moisture in the air. Its Akvo water block is a modular and scalable water supply system that uses Akvo's proprietary ground-breaking air-to-water technology for large water supply needs. It sells its products in India and other countries around the world.

Zhongling Xinquan (FUJIAN) Air Drinking Water Technology Co., Ltd: also known as HENDRX WATER, has been developing filtration technologies for over twenty years. HENDRX WATER has solely focused on providing the best drinking water to its customers. By extracting water from thin air and converting it into pure, healthy drinking water, Hendrx Atmospheric Water Generators (AWG) provide the most cost-effective solution and highest quality products to the global shortage of drinking water. Its multi-patented Air Water Systems and Pure Water Technologies produce fresher, cleaner water than inefficient systems and bottle dispensers.

Key Companies in the Atmospheric Water Generator Market includes

• Akvo Water Systems Pvt. Ltd (India)


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  Water Technologies International (US)


• Zhongling Xinquan (FUJIAN) Air Drinking Water Technology Co. Ltd (China)


• GENAQ Technologies S.L (Spain)


• AirOWater (India)


• Watergen (Isreal)


• Ray Agua (Spain)


• SkyH2O (US)


• Yueqing Kemao Electric Co., Ltd (China)


• Dew Point Manufacturing (Canada)


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  SkyWater Air Water Machines (South Africa)


• Atlantis Solar (US)


• SunToWater Technologies LLC (US)


• Eshara Water (UAE)


• Canadian Dew Technologies Inc. (Canada)

Atmospheric Water Generator Industry Developments

August 2020: AKVO Atmospheric Water Systems Pvt Ltd have introduced the country’s first home model of Atmospheric Water Generator, AKVO Pod, in Hyderabad.

May 2022, Watergen announced its strategic joint venture with SMV Jaipuria Group to bring its global patented technology to India.

June 2021: Watergen Signs Groundbreaking 3-Way Water Research Partnership with UAE and TA University

March 2021: GENAQ Technologies S.L, Inc. has collaborated with kiconex technology for IoT (Internet of Things) solutions. This is a remote control and monitoring system based on cloud storage. Kiconex allow to control all different parameters of our AWG from anywhere.

Atmospheric Water Generator Market Segmentation

Atmospheric Water Generator Product Outlook

• Cooling Condensation


• Wet Desiccation

Atmospheric Water Generator Application Outlook

• Industrial


• Commercial


• Residential

Atmospheric Water Generator Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Mexico
  
  
  
  • Europe
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • India
  
  
  • Japan
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Middle East & Africa
  
  
  
  • Saudi Arabia
  
  
  • UAE
  
  
  • South Africa
  
  
  • Rest of Middle East & Africa
  
  
  
  


• South America
  
  
  
  • Brazil
  
  
  • Argentina
  
  
  • Rest of South America