Press release
Future of the Atmospheric Water Generator Market: Trends, Innovations, and Key Forecasts Through 2034
Atmospheric Water Generator
What Is the Expected CAGR for the Atmospheric Water Generator Market Through 2025?
In recent times, the atmospheric water generator market has seen a swift expansion. The size of the market is projected to increase from $3.84 billion in 2024 to $4.42 billion in 2025, with a compound annual growth rate (CAGR) of 15.3%. Factors like the enhancement of water infrastructure, growing need for drinkable water, and escalation in urbanization have contributed to its growth during the historic period.
What's the Projected Size of the Global Atmospheric Water Generator Market by 2029?
The market for atmospheric water generators is anticipated to expand significantly in the coming years, predicting to reach a value of $7.41 billion in 2029, with a compound annual growth rate (CAGR) of 13.8%. This expected growth during the forecast period can be attributed to several factors such as enhanced government initiatives, rising global population, increasing water scarcity, and the large population residing in regions facing water stress. There will be a trend in the forecasted period towards creating atmospheric RV water generators, pursuing 4th generation atmospheric water generators, formulating Internet of Things (IoT) integrated atmospheric water generators, focusing on research and development activities, product innovation, and building strategic partnerships.
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Top Growth Drivers in the Atmospheric Water Generator Industry: What's Accelerating the Market?
The atmospheric water generator market will be propelled by the intensifying water scarcity. The absence of reliable water sources or a water deficiency defines water scarcity. To illustrate, Global Citizen, an international education and advocacy organization situated in Australia, aimed at accelerating the move to eradicate extreme poverty, stated in February 2022, that as Africa's population expands and climate change persistently depletes its limited resources, it is anticipated that roughly 230 million Africans will experience water scarcity by 2025, while as many as 460 million will dwell in areas stressed by water shortage.
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What Trends Will Shape the Atmospheric Water Generator Market Through 2029 and Beyond?
The atmospheric water generator market is seeing a trend of key participants developing innovative solutions, such as portable atmospheric water generators, to increase access and sustainability of water supply for those interested in mobile and off-grid living. A portable atmospheric water generator operates by drawing moisture from the air and transforming it into liquid water through a cooling mechanism. To illustrate, in January 2023, Airiver, a company based in the U.S. that is proficient in the creation and production of portable atmospheric water generators, introduced its new product. The generator aims to supply environmentally neutral and readily available clean water for off-grid communities, people living in remote areas, and those who are environmentally aware. Capable of yielding up to 30 liters of mineralized water daily utilizing sophisticated filtration and energy-efficient technology, the company's goal is to meet the challenge of worldwide water scarcity. It is specifically targeting implementation in underserviced regions such as Chile, Brazil, and Mexico.
What Are the Main Segments in the Atmospheric Water Generator Market?
The atmospheric water generator market covered in this report is segmented -
1) By Type: Cooling Condensation, Wet Desiccation
2) By Application: Industrial, Commercial, Residential
Subsegments:
1) By Cooling Condensation: Mechanical Cooling Systems, Thermoelectric Cooling Systems, Wet Desiccation
2) By Wet Desiccation: Desiccant-Based Systems, Solar-Powered Desiccation Systems
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Which Top Companies are Driving Growth in the Atmospheric Water Generator Market?
Major companies operating in the atmospheric water generator market include Water-Gen Ltd., Akvo Atmospheric Water Systems Pvt. Ltd., Drinkable Air Technologies, SOURCE Global, Ray Agua, Island Sky Corporation, Water Generating Systems LLC, WAIEA Water Solutions, EcoloBlue, Drupps, Watair Inc, WaterMaker India Pvt Ltd, Planets Water, Fujian Yuxin Electronic Co Ltd, Akvosphere, Bestway (Shanghai)Technology Co. Ltd, Guangdong Laswim Water Environment Equipment Co. Ltd, Dew Point Manufacturing, Water Technologies International Inc, Skywater Air Water Machines, Hendrx Water, Energy and Water Development Corp. (Eawc), Genaq Technologies S.L., Air 2 Water Solutions, AeroNero, Tsunami Products Inc, AquaViable Solutions Inc, Canadian Dew Technologies Inc, Green Technology Global Inc, Satus Ager S.A, Tecnoseeds, GlobeNatural, De Alimentos, Adm Do Brasil Ltda, GENAQ, H2O Biofouling Solutions B.V., Eshara Water, Buserve Limited, Aqua Air Africa.
Which Regions Will Dominate the Atmospheric Water Generator Market Through 2029?
Asia-Pacific was the largest region in the atmospheric water generator market in 2024, and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the atmospheric water generator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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