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Atmospheric Water Generator Market Share, Latest Trends, Growth Status, Top Major Players And Forecast To 2033
Atmospheric Water Generator Market Share
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According to The Business Research Company's, The atmospheric water generator market size has grown rapidly in recent years. It will grow from $3.14 billion in 2023 to $3.67 billion in 2024 at a compound annual growth rate (CAGR) of 17.0%. The growth in the historic period can be attributed to strengthening water infrastructure, increasing demand for potable water and rising urbanization.
The atmospheric water generator market size is expected to see rapid growth in the next few years. It will grow to $6.04 billion in 2028 at a compound annual growth rate (CAGR) of 13.3%. The growth in the forecast period can be attributed to increasing government initiatives, increasing world population, increasing water scarcity and high number of people living in water-stressed countries. Major trends in the forecast period include developing atmospheric rv water generators, developing 4th generation of atmospheric water generators, developing internet of things (iot) integrated atmospheric water generators, focusing on research and developments, focusing product innovation and focusing strategic partnerships.
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Market Drivers and Trends:
The increasing water scarcity will support the growth of the atmospheric water generator market. Water shortage is characterized as a lack of safe water sources or a water deficiency. For example, in February 2022, according to Global Citizen, an Australia-based international education and advocacy organization working to catalyze the movement to end extreme poverty, as Africa's population continues to grow and climate change continues to rob the continent of its finite resources, it is predicted that by 2025, close to 230 million Africans will be facing water scarcity, and up to 460 million will be living in water-stressed areas.
Atmospheric RV water generators are a key trend gaining traction in the atmospheric water generator market. Major companies operating in atmospheric water generators are focusing on atmospheric RV water generators and developing new products to strengthen their position in the market. For example, in 2021, Watergen Ltd, an Israel-based company that develops water-from-air solutions, launched an aftermarket water generator for recreation vehicles and campers. The Watergen ON Board uses air humidity to generate more than 10 gallons of fresh, pure drinking water each day, all without the need for a water supply or water hookup from outside. The device is simply plugged into any 12V power source, including solar panels and batteries.
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Major Key Players of the Market:
Jeld-Wen Inc, Lixil Group, Xingfa Aluminium Holdings Ltd, Ykk Corporation, Fletcher Building Limited, Andersen Corporation, Apogee Enterprises Inc, PGT Inc, Fenesta Building Systems, Bradnam's Windows & Doors, Milux Corp, YKK AP Inc, Lixil Corporation, Tostem Corporation, Geeta Aluminum Co. Pvt Ltd, Sapa Group, Alupure, Alteza, HOMI Aluminium Co Ltd, Qingdao Jiaye Doors And Windows Co. Ltd, SHANGHAI KEDO, Doorwins Aluminium Windows and Doors, Alu-tec Ltd, Daylight Glazing Ltd, AL-PROMT S.R.L, Arcom Glass, ALUMIL Russia, Mi-Soft, Altek LLC, Centra Windows, Ontorio Aluminium and Glass, Aluminium Windows Toronto, Toronto Doors and Windows, Delco Windows and Doors, Aluprof, Olsen Doors and Windows Limited, Hydro, Ply Gem Holdings Inc, Reynaers, Schuco, Klil, Al Kersh Steel Industries LLC, Sahara Aluminium Doors and Metals LLC, Value Star Building Metal Products Manufacturing LLC, Alfaw Aluminium and Glass Works LLC, Sion Aluminium and Glass LLC, Dayal Building Materials Trading LLC, Alutal, Decent Aluminium, Glass Doors, Zealcon, Inso Aluminium Windows and Doors, GO-TO Door and Window, McCoy's Doors & Windows, PT. Indo Illam Indah - Aluminium Sheet Supplier, SSS Group Co, Prime Aluminium Casement Ltd, The Glass Shop, Smart Glass Industries Ltd.
Atmospheric Water Generator Market 2024 Key Insights:
• The atmospheric water generator market size is expected to see rapid growth in the next few years. It will grow to $6.04 billion in 2028 at a compound annual growth rate (CAGR) of 13.3%.
• Rising Water Scarcity Drives Growth In The Atmospheric Water Generator Market
• Atmospheric Rv Water Generators Transform Atmospheric Water Generator Market
• Asia-Pacific was the largest region in the atmospheric water generator market in 2023, and it is also expected to be the fastest-growing region in the forecast period
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