Atmospheric Water Generator Market to Reach $10.8 billion, Globally, by 2033 at 14.8% CAGR: Allied Market Research

Increasing water scarcity, various government-led initiatives, and rising awareness and environmental concerns drive the growth of the global atmospheric water generator market.

/EIN News/ -- Wilmington, Delaware, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, "Atmospheric Water Generator Market by Type (Cooling Condensation and Wet Desiccation), Capacity (Up to 60 liters, 61-500 liters, 501-1000 liters, and More than 1000 liters), and Application (Residential and Non-Residential): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the atmospheric water generator market was valued at $2.7 billion in 2023 and is estimated to reach $10.8 billion by 2033, growing at a CAGR of 14.8% from 2024 to 2033. 

Prime determinants of growth 

Increase in water scarcity, various government-led initiatives, and rise in awareness and environmental concerns drive the growth of the global atmospheric water generator market. However, the market also faces restraints due to high humidity requirements, high initial and operational costs, and continuous need for electricity to perform operations. Despite these challenges, the atmospheric water generator market continues to evolve, driven by innovation and a growing emphasis on sustainability. 

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Report coverage & details: 

Report Coverage	Details
Forecast Period	2024–2033
Base Year	2023
Market Size in 2023	$2.7 billion
Market Size in 2033	$10.8 billion
CAGR	14.8%
No. of Pages in Report	245
Segments Covered	Type, Capacity, Application, and Region.
Drivers	Increase in Water Scarcity  Government-Led Initiatives  Rise in Awareness and Environmental Concerns
Opportunities	Technical Advancements
Restraints	High humidity requirements  High initial and operational cost and continuous need for electricity to perform operation

 
The cooling condensation segment to maintain its leadership status throughout the forecast period 

By type, the cooling condensation segment held the highest market share in 2023, accounting for nine-tenths of the global atmospheric water generator market revenue, and is estimated to maintain its leadership status throughout the forecast period. Cooling condensation is a process used in atmospheric water generators (AWGs) to extract water from the air. It involves cooling humid air to below its dew point, causing the water vapor to condense into liquid water. Cooling condensation is one of the most common and efficient techniques employed in AWGs to produce potable water from atmospheric humidity. On the other hand, the wet desiccation segment is projected to manifest the highest CAGR of 16.0% from 2024 to 2033. Wet desiccation is the process of water generation which uses a concentrated brine solution to adsorb the water from humid air. The water is extracted by heating slightly the desiccant followed by cooling to condense the water. 
 
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The 61-500 liters segment to maintain its leadership status throughout the forecast period 

By capacity, the 61-500 liters segment held the highest market share in 2023, accounting for more than one-third of the global atmospheric water generator market and is estimated to maintain its leadership status throughout the forecast period. These 61-500 liters AWGs are commonly installed in small residential communities as well as in institutional and commercial locations such as schools, hospitals, malls, and others. However, the up to 60 liters segment is projected to manifest the highest CAGR of 16.3% from 2024 to 2033. Atmospheric water generators (AWG) with a capacity less than 60 liters are primarily demanded by homes or small offices. In addition, portable atmospheric water generators are also bought by a considerable number of consumers to harvest water from the atmosphere, especially when they are traveling. 

The non-residential segment to maintain its lead position during the forecast period 

By application, the non-residential segment accounted for the largest share in 2023, contributing to more than nine-tenths of the global atmospheric water generator market revenue, and is projected to maintain its lead position during the forecast period. The non-residential applications of the atmospheric water generator to produce fresh potable water in commercial spaces including industrial buildings. However, the residential segment is expected to portray the largest CAGR of 17.3% from 2024 to 2033. Residential applications of the atmospheric water generator are to produce clean and pure water in residential buildings such as apartments, houses, villas, bungalows, and others. Commonly, AWGs having capacity 60 liters and less are primarily used for residential applications owing to less consumers of water in domestic settings. 

Asia-Pacific to maintain its dominance by 2033 

By region, Asia-Pacific held the highest market share in terms of revenue in 2023, accounting for more than one-third of the atmospheric water generator market revenue, and is expected to dominate the market during the forecast period. Moreover, the LAMEA region is expected to witness the fastest CAGR of 16.9% from 2024 to 2033. Asia-Pacific and LAMEA regions have experienced a shortage of fresh drinkable water, which eventually drives the market for atmospheric water generators. 

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Leading Market Players: - 

• 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. 

The report provides a detailed analysis of these key players in the global atmospheric water generator market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.  

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