Atmospheric water generators are devices used for extracting water from humid ambient air. It involves different technologies such as cooling condensation and wet desiccants for water collection. The growing equipment captures atmospheric moisture and condenses it into clean drinking water for various end use applications. It finds usage in residential, commercial, and industrial sectors. Residential atmospheric water generators are portable devices used for producing drinking water at homes. The commercial generators are installed in hotels, restaurants, hospitals, and offices to provide potable water access for large number of users. Large-scale industrial water generators are employed across oil & gas, chemical, and food processing industries to meet their non-potable and coolant water needs.

The global Atmospheric Water Generator Market is estimated to be valued at US$ 4.06 Bn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics

The growing demand for clean drinking water across the globe is fueling the demand for atmospheric water generators. According to the UN report, over 1.1 billion people globally lack access to water and around 2.7 billion find water scarce for at least one month of the year. Water scarcity due to depleting groundwater levels is a major concern in African and Middle Eastern countries. Atmospheric water generators address this issue by producing potable water from atmospheric moisture. Also, ease of installation and minimal energy requirements make atmospheric water generators viable source of water accessible even in remote regions. This wide applicability and easy adoption is driving the market growth. Further, frequent drought conditions due to climatic changes, development of arid regions, and growing urbanization has increased the requirement for alternate water sources. This has boosted the installation of atmospheric water generator equipment globally.

Segment Analysis
The atmospheric water generator market can be segmented based on harvesting technique, end use and geography. Based on harvesting technique, the market is bifurcated into cooling condensation and wet desiccation. The cooling condensation segment dominates the market with a share of more than 70% as it requires less energy consumption and has easy maintenance. Based on end use, the market is categorized into industrial, commercial and residential. The industrial segment dominates the market owing to increasing demand for potable water in various industries.

PEST Analysis
Political: Stringent regulations regarding water treatment and usage have encouraged use of atmospheric water generators. Various government initiatives for providing safe drinking water have boosted market growth.
Economic: Growing industrialization and urbanization in developing countries have increased demand for water. Rising income levels have also augmented demand for advanced water treatment solutions like atmospheric water generators.
Social: Increasing awareness about clean water and sanitation has stimulated adoption of atmospheric water generators. Growing concerns over depleting freshwater resources is another key factor driving their installation.
Technological: Technological advancements have enhanced efficiency and lowered operating costs of atmospheric water generators. Introduction of solar-powered systems has further fuelled their uptake.

Key Takeaways
The Global Atmospheric Water Generator Market Size is expected to witness high growth.
Regional Analysis: North America dominates the market owing to strong presence of key players and rising installations across industrial, commercial and residential sectors in the US and Canada. The Asia Pacific market is anticipated to grow at the fastest rate during the forecast period with China, India and Southeast Asian countries presenting lucrative opportunities.
Key players operating in the atmospheric water generator market are Exxon Mobil Corporation, Saudi Basic Industries Corporation, Royal Dutch Shell Plc., China Petroleum & Chemical Corporation, Chevron Phillips Chemical Company LLC, Total S.A., LyondellBasell Industries N.V., National Petrochemical Company, INEOS Group, and Dow Inc. among others. Technological advancements and growing investments by these players are expected to drive the market.

For more Insights, Read –
https://www.dailyprbulletin.com/atmospheric-water-generator-market-size-market-share-analysis/
 
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