Press release
Atmospheric Water Generator (AWG) Market : Key Players – Air2Water, LLC, Aquacello, Ray Agua, Atlantis Solar, SkyH2O, Inc., Sun-To-Water Technologies, LLC, MSP Technology, LLC, and Saisons Technocom Pvt. Ltd.
Atmospheric Water Generator (AWG) Market
Insufficient rainfall, depleting freshwater resources and mounting demand for clean drinking water are the key factors driving global atmospheric water generator market outlook. Atmospheric water generators (AWG) extract water from the atmospheric air and filter it, producing portable, bacteria free water.
In areas where water is polluted or scarce, AWGs can be a reliable source of clean, safe water. The product offers immense potential to expand water availability during contamination events, shortages, and other issues that can interrupt drinking water services. They can also aid in reducing or completely eliminating the need for bottled drinking water for domestic application.
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Increasing product utilization for commercial, residential and industrial applications will foster business growth. Reports suggests that atmospheric water generator market will exceed USD 11 billion in terms of annual valuation by 2026, worldwide.
How will increased demand for wet desiccation contribute towards atmospheric water generator market growth?
Wet desiccation AWG devices are the most feasible water generators and consume less power as compared to cooling condensation based products. These devices use hygroscopic compounds to soak humidity from the atmospheric air and then then separate water from it. Reactive lithium halides, brine and silica gel are some of the hygroscopic compounds used by these devices.
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Extensive research and development spending to develop new hygroscopic compounds for soaking as well as replacing crystalline brine salts is key factor bolstering product demand. Wet desiccation based atmospheric water generator market size is set to grow at 30% CAGR up to 2026.
Why will R&D activities stimulate atmospheric water generator market forecast?
Active involvement of government agencies and private corporations to advance AWGs will favor industry growth. In 2017, U.S. Environment Protection Agency Office of R&D announced a new CRADA (Cooperative Research and Development Agreement) to further advance the science of atmospheric water generator and assess its potential as a water production as well as supply solution.
In particular, EPA signed a Cooperative R&D Agreement with Watergen, a company focused upon developing innovative AWG technology to evaluate their GEN-350 system. The GEN-350 can generate around 600 liters of water per day in humidity conditions and optimal temperature.
Which region is expected to grow as a hotspot for atmospheric water generator industry?
North America is expected to be a key market for atmospheric water generators on account of prevailing water borne diseases in some areas and increasing number of product installations in household and commercial institutions across the region. Presence of key manufacturers engaged in developing and advancing brine solution technology will favor business growth.
Moreover, supportive government regulations including Safe Drinking Water Act formulated by EPA to protect public drinking water will favor the product adoption. North America atmospheric water generator market share is forecast to hit a revenue of USD 510 Million by 2026. The competitive landscape of the industry comprises Key manufacturers including Energy and Water Development Corp, LLC, Drinkable Air, Inc, Eshara Water, Akvo Atmospheric Water Systems Pvt Ltd, Aquacello, Atlantis Solar, and Ray Agua among others.
These firms have been focusing on enhancing their position in the market through various organic and inorganic strategies such mergers, acquisitions, product development, R&D, M&As, and others. For instance, Energy and Water Development Corp, LLC announced sale of their self-adequate energy supply AWG system to a Mexico based company in January 2020. This system will be by utilized by one of the major water players based in Mexico to bottle clean water, which in turn aid the firm to increase its sales in the country.
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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