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Atmospheric Water Generator (AWG) Market - Check How Key Trends and Emerging Drivers are shaping this Industry Growth | Watair Inc., Air2Water LLC, Ecoloblue

11-28-2023 02:07 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

Atmospheric Water Generator (AWG) Market - Check How Key Trends

Market Overview:

Atmospheric water generators are equipment that extracts water from humid ambient air. They are being used in various applications such as residential, commercial, industrial and defense areas where fresh water sources are scarce or not available.

Market Dynamics:

The rapidly depleting fresh water resources across the globe due to growing population, urbanization, industrialization and climate change is a major driver driving the growth of the atmospheric water generator market. According to UN estimates, over 1.2 billion people globally lack access to clean drinking water. Agriculture sector consumes around 70% of total fresh water resources. Moreover, urbanization and population growth has mounted pressure on fresh water sources. Additionally, modern lifestyles, rising incomes and changing consumer preferences are encouraging adoption of trendy household appliances including atmospheric water generators in residential sector, thereby supporting market growth over the forecast period.

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Rising Global Temperatures Are Driving the Demand For Atmospheric Water Generators

As global temperatures continue to rise due to climate change, drought conditions are becoming more frequent and severe around the world. Areas that previously received adequate and consistent rainfall are now experiencing prolonged periods without any precipitation. This is causing severe water shortages for both agricultural and domestic use. Atmospheric water generators provide a sustainable solution to this problem by extracting water directly from the air, even in very dry conditions. As droughts become longer and more widespread due to climate change, the demand for AWG technology will continue to increase significantly in the coming years.

Increasing Population Growth Is Fueling the Need For Alternative Water Sources

With the global population expected to reach nearly 10 billion by 2050, the demand for fresh water resources is rising exponentially. Providing clean drinking water to so many people in a sustainable way is one of the greatest challenges of this century. As populations in dry regions continue to swell, conventional water sources will struggle to meet demand. Atmospheric water generators offer a valuable new source of water that is independent of rainfall and groundwater levels. They can produce high volumes of clean drinking water from the air, even in arid locations. This makes them ideally suited to help satisfy the massive increase in global water requirements driven by population growth.

High Capital Costs Pose Financial Barriers for Widespread Adoption

While the technology behind atmospheric water generators has advanced significantly in recent years, their capital costs remain quite high compared to traditional water sources like municipal supplies or groundwater wells. The expensive machinery, energy requirements, and commercial-scale production needs result in AWG systems priced well beyond what many potential customers can afford. This high upfront financial barrier has slowed the adoption of the technology, especially in developing regions and for large-scale agricultural use cases. Widespread proliferation of AWG solutions will depend on achieving further cost reductions to make the systems viable for more budget-constrained applications and locations around the world.

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Renewable Energy Integration Creates New Opportunities for Off-Grid Applications

Atmospheric water generators were initially designed to operate using grid electricity in areas with stable power infrastructure. However, the rise of renewable energy systems has opened up promising new possibilities. By pairing AWG machines with solar, wind, or other independent power sources, off-grid water production becomes feasible even for the most remote locations lacking conventional utilities. This has huge potential in developing countries and isolated communities that currently lack sustainable access to freshwater. With innovative integration of renewable technologies, atmospheric water harvesting could meet critical water needs for millions of people worldwide who live beyond the reach of traditional infrastructure networks.

Growth of Smart Water Monitoring will Drive Adoption of "Smart" Atmospheric Water Generators

There is a growing global focus on implementing smart water infrastructure to more efficiently manage scarce resources. Technologies like advanced metering, leak detection, and remote monitoring allow utilities to precisely track usage, prevent losses, and optimize distribution. Looking ahead, we can expect to see the development of "smart AWG" systems that integrate similar networked intelligence and connectivity. Features like remote operation control, water quality sensing, automated maintenance alerts and usage reporting will give facility managers powerful new tools for overseeing distributed AWG fleets. As smart water solutions become standard around the world, these advanced capabilities will be key drivers of adoption for atmospheric water harvesting technologies seeking to satisfy tomorrow's more data-driven water needs.

The major players operating in the market include:

➱ WaterMicronWorld
➱ Dew Point Manufacturing
➱ Watair Inc.
➱ Ambient Water
➱ Saisons Technocom Pvt. Ltd.
➱ WaterMaker India Pvt. Ltd.
➱ Planets Water
➱ Water Technologies International Inc.
➱ Island Sky Corporation
➱ Fujian Yuxin Electronic Co. Ltd.
➱ Eurosport Active World Corporation Technologies
➱ Atlantis Solar
➱ Air2Water LLC
➱ Konia
➱ Ecoloblue

These companies are focusing on new product development, partnerships, collaborations, and mergers and acquisitions to increase their market share and maintain their position in the market.

Atmospheric Water Generator Market Taxonomy

On the basis of product type, atmospheric water generator is classified into:

◘ Cooling Condensation
◘ Wet Desiccation
◘ Others

On the basis of application, atmospheric water generator is classified into:

◘ Industrial
◘ Commercial
◘ Residential
◘ Others

On the basis of range, atmospheric water generator is classified into:

◘ 20L-80L
◘ 100L-250L
◘ 500L-3000L

Market segment by Region/Country including:

- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Spain etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
- South America (Brazil, Argentina and Colombia etc.)
- Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)

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Frequently Asked Questions (FAQs):

➱ What are the key factors hampering growth of the Atmospheric Water Generator (AWG) market?
➱ What are the major factors driving the global Atmospheric Water Generator (AWG) market growth?
➱ Which is the leading component segment in the Atmospheric Water Generator (AWG) market?
➱ Which are the major players operating in the Atmospheric Water Generator (AWG) market?
➱ Which region will lead the Atmospheric Water Generator (AWG) market?
➱ What will be the CAGR of Atmospheric Water Generator (AWG) market?
➱ What are the drivers of the Atmospheric Water Generator (AWG) market?

Contact Us:

Mr. Shah
US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com

About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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