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Atmospheric Water Generator Market to Hit $6,214.9 Million by 2027: Rising Demand for Sustainable Water is Boosting Market

July 27, 2020 | Chemicals & Materials

The global atmospheric water generator market size is projected to hit USD 6,214.9 million by 2027 accountable to the increasing shortage of potable water worldwide. The growing population and the need to suffice to their needs for food and water are creating immense growth opportunities for industries such as this. A Fortune Business Insights report titled, “Atmospheric Water Generator Market Size, Share & COVID-19 Impact Analysis, By Product Type (Cooling Condensation and Desiccant Based), By Application (Industrial, Commercial and Household), and Regional Forecast, 2020-2027,” estimates that this market value stood at USD 1,940.8 million in 2019 and is likely to grow at 18.1% CAGR during the forecast period, 2020 to 2027.


New Marketing Strategy Adopted by GENAQ to Attract High Revenue


GENAQ and KEYTER entered the building and construction show in Dubai exhibition between 25th to 28th November 2019. Here, Genaq provided water to “The Big 5” Event wherein the S50 air to water generator was used. The Big 5 is the most influential construction and building show of the Middle East since 1979. This event helped to spread awareness about the availability of this new water generator and its advantages.


This event launched thousands of products, educated and propelled companies to collaborate, and successfully marketed their product range, especially the S50 air to water generators at the Big 5. This will help increase demand all over the Middle East market. Such initiatives taken by companies in collaborations are expected to aid in expansion of the market for atmospheric water generator in the coming years.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/atmospheric-water-generator-market-103321


Rise in Urbanization and Industrialization Activities to Propel Growth


The increasing population and the rising need for sufficing to potable water needs stands as the key factors boosting the global atmospheric water generator market growth. Besides this, the rise in industrialization and urbanization activities are also increasing the demand for water, thereby augmenting growth. Furthermore, the increases cases of water scarcity in underdeveloped and developing nations are likely to boost the market in the near future as well.


On the contrary, the high cost of production and the continuous need for electricity to provide power to various residential, commercial, and industrial sectors may hamper the market. Nevertheless, the advent of air to water generators and rising scarcity of water in regions with extreme weather conditions are likely to create lucrative opportunities to the market in the coming years.


Players focusing on Product Launched to Gain Momentum in Market


Major players at the air to water systems market are focusing on the development and launch of new products with innovative technologies to gain a significant position in the market. The others are engaging in creating awareness about the benefit of their products and are therefore investing heavily on marketing and advertising strategies. Some other players are engaging in consumer interaction strategies to gain feedback from consumers and accordingly invest in innovations to stand out in the market competition.


Major Industry Developments of Atmospheric Water Generator Market include:



  • February 2019 – New static and mobile versions were launched by Bharat Electronics Limited with the capacity of producing 30,100, 500, and 1000 liters of water on a daily basis.


List of Significant Players in the Market include:



  • Drinkable Air Technologies (Florida, USA)

  • Clean Wave Products (USA)

  • Zhongling Xinquan (Fujian) Air Drinking Water Technology Co., Ltd. (Fujian Province, China)

  • WaterMaker India Pvt. Ltd. (Maharashtra, India)

  • Eurosport Active World Corporation (Florida, USA)

  • Akvosphere (West Bengal, India)

  • Water Technologies International, Inc. (Florida, USA)

  • GENAQ Technologies S.L. (Lucena, Spain)

  • Island Sky Corporation (Florida, USA)

  • PlanetsWater Ltd. (London, U.K.)

  • Water-Gen Ltd. (North Carolina, USA)

  • Eshara Water (Abu Dhabi, UAE)

  • Atmospheric Water Generator, LLC (Florida, USA)

  • Atlantis Solar (New York, USA)

  • Dew Point Manufacturing (British Columbia, Canada)

  • Others


Further Report Findings



  • The Middle East and Africa emerged dominant in 2019. However, North America generated a revenue of USD 217.8 million in 2019 and is likely to witness a steady growth in the coming years. Furthermore, Asia Pacific is expected to rise at a CAGR of 21.1% and register the fastest growth in the forecast period on account of rising cases of water scarcity especially in countries of the South-east Asian region.

  • With respect to segmentation by application, the industrial segment earned the largest market share on account of high demand for water from the manufacturing companies.


The Global Market for Atmospheric Water Generator is categorized into:








































 ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Million)



Segmentation



By Product Type



  • Cooling Condensation

  • Desiccant Based



By Application



  • Industrial

  • Commercial

  • Household



By Region



  • North America (the U.S, and Canada)

  • Europe (Germany, U.K., Russia and the Rest of Europe)

  • Asia Pacific (China, India, ASEAN, and the Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and the Rest of Latin America)

  • The Middle East & Africa (GCC, the Rest of the Middle East and Africa)


Global Atmospheric Water Generator Market
  • PDF
  • 2019
  • 2016-2018
  • 100

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

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