USD 2.50 billion
Report ID:
SQMIG20E2069 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
116
|Figures:
77
Global Atmospheric Water Generator Market size was valued at USD 2.50 billion in 2022 and is poised to grow from USD 2.74 billion in 2023 to USD 5.61 billion by 2031, growing at a CAGR of 9.4% during the forecast period (2024-2031).
The global atmospheric water generator market is experiencing significant growth and development driven by various factors. Atmospheric water generators are innovative devices that extract water vapor from the air and convert it into drinkable water, providing a sustainable solution for water scarcity issues. The rising global population, coupled with increasing water scarcity and the adverse effects of climate change, has created a growing demand for alternative water sources. Atmospheric water generators offer a promising solution by utilizing the abundant moisture present in the atmosphere. Additionally, the advancements in technology and the increasing focus on renewable and sustainable practices have further propelled the market growth. The market is witnessing the emergence of advanced and more efficient atmospheric water generators that can produce larger quantities of clean water. Moreover, the growing awareness regarding the environmental impact of plastic bottles and the need for reducing plastic waste has boosted the adoption of atmospheric water generators as a sustainable and eco-friendly alternative to traditional water sources. The market is witnessing significant investments in research and development activities to enhance the efficiency, scalability, and affordability of atmospheric water generator systems. Geographically, North America hold a significant market share due to the presence of key players and the increasing demand for sustainable water solutions. However, the market is also witnessing substantial growth in Asia Pacific, driven by the rapid industrialization, population growth, and water scarcity issues in the region. Overall, the global market is poised for remarkable expansion in the coming years as governments, industries, and individuals increasingly recognize the importance of sustainable water sources and the potential of atmospheric water generators to address water scarcity challenges.
Global Market Size
USD 2.50 billion
Largest Segment
Cooling condensation
Fastest Growth
Cooling condensation
Growth Rate
9.4% CAGR
To get more reports on the above market click here to Buy The Report
Global Atmospheric Water Generator Market is segmented by type, application, product, end use and region. Based on type, the market is segmented into cooling condensation and wet desiccation. Based on application, the market is segmented into industrial, commercial and residential. Based on product, the market is segmented into below 100 liters per day, 100-500 liters per day and above 500 liters per day. Based on end use, the market is segmented into government and defense, commercial offices, residential buildings, industrial facilities and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis By Type
The dominant segment in the global atmospheric water generator market is the cooling condensation type. Cooling condensation atmospheric water generators utilize refrigeration technology to cool the air, causing water vapor to condense and collect as purified water. This segment holds a significant market share due to its widespread adoption, efficiency, and ability to produce larger quantities of water compared to other types.
The fastest-growing segment in the global atmospheric water generator market is the wet desiccation type. Wet desiccation atmospheric water generators use a desiccant material to absorb moisture from the air, which is then condensed to produce clean drinking water. This segment is experiencing rapid growth primarily due to its energy efficiency, versatility, and suitability for humid climates. Wet desiccation atmospheric water generators are gaining popularity in regions with high humidity levels, such as tropical and coastal areas, where they can effectively extract water from the atmosphere and provide a sustainable water source.
Analysis By Application
The dominant segment in the global atmospheric water generator market is the commercial sector. Commercial applications include offices, hotels, hospitals, educational institutions, and other commercial establishments. The commercial sector holds a significant market share due to the increasing demand for sustainable water sources in various industries. Atmospheric water generators offer a reliable and eco-friendly solution for meeting the water needs of commercial establishments, reducing dependence on traditional water sources and minimizing the environmental impact.
The fastest-growing segment in the global atmospheric water generator market is the residential sector. With the rising awareness about water scarcity and the need for sustainable water solutions, more and more homeowners are turning to atmospheric water generators for their residential water needs. These compact and easy-to-use devices are gaining popularity among households, particularly in regions prone to water scarcity or unreliable water supply. The residential segment is witnessing significant growth as individuals seek to secure a clean and reliable source of drinking water for their homes, ensuring water availability and reducing dependence on external water sources.
To get detailed analysis on other segments, Request For Free Sample Report
North America dominated the global atmospheric water generator market. North America holds a significant market share due to the presence of key players, advanced technological infrastructure, and the increasing adoption of sustainable practices. The region is experiencing a growing demand for alternative water sources, driven by concerns over water scarcity, environmental sustainability, and the need for reliable water supply in various sectors.
The fastest-growing region in the global atmospheric water generator market is Asia Pacific. The Asia Pacific region is witnessing rapid growth due to several factors, including population growth, industrialization, urbanization, and increasing water scarcity issues. Countries such as China, India, and Southeast Asian nations are facing significant challenges related to water scarcity and inadequate access to clean drinking water. As a result, there is a growing emphasis on sustainable water solutions, including atmospheric water generators. The rising awareness, government initiatives, and investments in infrastructure development are driving the market growth in the Asia Pacific region.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Drivers
Increasing water scarcity and the need for sustainable water sources
Restraints
High initial cost of installation and maintenance associated with atmospheric water generator systems
Request Free Customization of this report to help us to meet your business objectives.
The competitive landscape of the global atmospheric water generator market is characterized by intense competition and the presence of several key players. These players focus on research and development activities to enhance the efficiency and scalability of atmospheric water generator systems. Strategic partnerships, collaborations, and mergers and acquisitions are common strategies adopted by companies to expand their market presence. Additionally, companies strive to differentiate their offerings by introducing advanced technologies and innovative features. The market also witnesses the entry of new players, fostering competition and driving innovation further. Overall, the competitive landscape is dynamic, with companies vying for market share and striving to establish themselves as leaders in the atmospheric water generator market.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Atmospheric Water Generator Market analysis, the market is experiencing significant growth driven by the increasing global demand for sustainable water sources. These innovative devices extract water vapor from the air, offering a solution to water scarcity issues. The market is characterized by the dominance of cooling condensation type atmospheric water generators and the rapid growth of the residential sector. North America is the dominant region in the market, while Asia Pacific is witnessing the fastest growth. The market is highly competitive, with companies focusing on research and development to enhance system efficiency. Key drivers include water scarcity concerns, while the high initial cost of installation acts as a restraint. Overall, the market is driven by the need for sustainable water solutions and is poised for remarkable expansion in the coming years.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 2.50 billion |
Market size value in 2031 | USD 5.61 billion |
Growth Rate | 9.4% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Atmospheric Water Generator Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Atmospheric Water Generator Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Atmospheric Water Generator Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Atmospheric Water Generator Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG20E2069
sales@skyquestt.com
USA +1 351-333-4748