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The global atmospheric water generator market size was valued at USD 1,940.8 million in 2019 and is projected to reach USD 6,214.9 million by 2027, exhibiting a CAGR of 18.1% during the forecast period.
Atmospheric water generators (AWG), also known as air to water systems, are capable of extracting water from the moist air or water vapor. Typically, a refrigerant or desiccant is used to obtain water. These systems are based on the principle of latent heat. The amount and rate of water production is dependent on the relative humidity and temperature of the surrounding air. Therefore, these systems are ideally suitable for regions with a relative humidity of more than 30%.
With the continuously increasing demand for potable water, atmospheric water generators are expected to play important role in water-stressed regions during the forecast period. AWG offers an excellent and economical alternative to bottled water. The cost of the produced water is 50% less than that of bottled water. As ambient water is extracted from moist air, the air-to-water systems don’t require any water source. Moreover, these systems are compatible with the environment as they don’t expel any wastewater.
COVID-19 has Significantly Impacted AWG Production and Supply Chains
Due to the outbreak of COVID-19, various governments across each impacted country have declared lockdown to combat this pandemic. Countries such as China, the U.S., EU, which are considered as a hub for the global supply chain have been severely hit by COVID-19. The imposition of the lockdown period has resulted in supply chain disruption, further impacting the market demand for AWG. Owing to the shortage of manpower, most of the manufacturers halted their production. This in turn significantly impacted the demand for AWG in the first quarter. Moreover, postponing pre-decided orders, and payment delays in shipped orders have significantly affected the working capital management. However, with lockdown lifting, operations are expected to resume in the aforementioned regions.
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Implementation of Smart Technologies is Creating Positive Environment for growth of Market
Leading AWG manufacturers are incorporating the latest electronic devices to make their products more user-friendly. The implementation of smart Internet of Things based technologies allows the user to control the device parameters easily and to track down device performance over a period of time. Also, the use of solar panels to fulfill energy requirements is offering a completely green solution for water purification.
Increasing Water Scarcity Further Propels Demand for AWS, Augmenting Growth
With increasing industrialization activities, growing population and rising socio-economic developments, the consumption of water has been increased dramatically around the world. According to the United Nations World Water Development Report 2019, water consumption is expected to increase by 20 to 30% as compared to current water use. Such factors are responsible for unnecessary stress on freshwater resources. According to the World Health Organization, by 2050, more than half of the world population is projected to reside in water-stressed areas. Air to water is a proven technology to extract water from humid air. Therefore, these systems are widely installed as a parallel source for clean water. Hence, with the increase in water demand and scarcity, the demand for AWG’s is increasing.
High Product Cost and Continuous Need for Electricity - key Challenges
High product cost is restraining the growth of AWG market especially in household and light commercial applications. Moreover, these systems consume a significant amount of electricity and require continuous supply to operate efficiently. This in turn, increases the overall cost of the operation. However, with the implementation of the latest technologies, the cost and impact of these restraining factors is expected to become low during the forecast period.
Cooling Condensation Segment Held Largest Share In The Global Market
Among product types, cooling condensation technology is highly adopted in the manufacturing of atmospheric water generators. In this product type, the refrigerant is circulated to cool the air temperature below the dew point. Then, the condensate is collected in a holding tank and further purified & filtered to reduce the risk of virus, bacteria, and other contaminants. These systems are more economical in high temperature and high moisture conditions. Moreover, the cooling condensation AWG’s are easy to install and maintain. Therefore, these systems are gaining more popularity in industrial, commercial, and household applications.
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Industrial Segment to Lead Market During The Forecast Period
Among applications, the industrial or large capacity segment contributed the largest atmospheric water generator market share in the global market in 2019. Manufacturing industries consume a large quantity of water, which, in turn, puts the burden on the existing surface & groundwater resources. According to the UN Water report, industries accounted for over 19% share in global water consumption and this share is expected to increase by 2030. Therefore, large-scale industries are adopting sustainable and economical water solutions such as AWG to meet water requirements.
North America Atmospheric Water Generator Market Size, 2019 (USD Million)
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Middle East & Africa accounted for the largest market share in 2019. Over the years, the Middle East and African countries have been facing water scarcity due to extreme weather conditions. These regions are heavily dependent on water bottles & desalination plants to meet their daily water requirements. Air to water system provides a more economical way to produce potable water. Hence, these systems are rapidly adopted in the region. Additionally, GCC is a key contributor to the growth of the market and is expected to maintain its leading position during the forecast period.
Asia Pacific is anticipated to register a high CAGR of 21.1% during the forecast period. This is because the South East Asian countries are the prime consumers of the atmospheric water generator, followed by China. Owing to the fastest increasing water scarcity in Southeast Asian countries, these generators are gaining popularity for producing water. Moreover, in Asia Pacific potable water is not sufficiently distributed as compared to its growing population. Such factors are expected to create lucrative opportunities for the AWG market in the Asia Pacific.
Leading Players Are Introducing New Products to Extend their Product Offerings.
Leading market players are engaged in launching and marketing their products in water technology conferences globally. These conferences provide a valuable platform to companies and consumers for understanding the latest technological advancements in the water industry. For instance, GENAQ Technologies S.L., the Spanish air to water systems manufacturer is continuously engaged in representing its products in such conferences. In 2019, the company attended Web Summit in Lisbon. GENAQ interacted with investors, distributors and consumers around the world to maintain a strong foothold in the market competition.
Local AWG manufacturers are collaborating with distributors to expand their market reach and to increase market revenues. Companies are creating awareness about the benefits and future need of air-to-water systems in regions with water scarcity issues through water campaigns. They are continuously engaged with consumers to improve the performance of their existing air-to-water models. Moreover, few companies are launching new air to water products to withstand the growing market competition.
An Infographic Representation of Atmospheric Water Generator Market
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The global atmospheric water generator market research report provides both qualitative & quantitative insights of the atmospheric water generator across the world. Quantitative insights include the global market size in terms of value (USD Million) across each segment, sub-segment and region profiled in the scope of study. Also, it provides market share analysis and growth rates of segment, sub-segment and key counties across each region. Qualitative insight covers the elaborative analysis of market drivers, restraints, global industry growth opportunities, key trends related to the market. The competitive landscape section covers detailed company profiles of the key players operating in the global market.
Value (USD Million)
By Product Type
Fortune Business Insights estimated that the atmospheric water generator market size was valued at USD 1,940.8 million in 2019 and is projected to reach USD 6,214.9 million by 2027.
The market is expected to rise at a CAGR of 18.1% during the forecast period.
Cooling condensation segment is expected to lead the market during the forecast period.
Rising demand for potable water and multiple advantages of AWG’s are driving the market
Middle East & Africa held the highest market share in 2019.
Key players operating in the market include Drinkable Air Technologies, Water Technologies International, Inc., Atmospheric Water Generator, LLC, Zhongling Xinquan (Fujian) Air Drinking Water Technology Co., Ltd., Island Sky Corporation, Dew Point Manufacturing, Eurosport Active World Corporation, Water-Gen Ltd., Planets Water, WaterMaker India Pvt. Ltd., Atlantis Solar, GENAQ, Clean Wave Products, Eshara Water, and Akvosphere among others.
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