Global AWG Market share forecast to grow at over 30% CAGR from 2016 to 2024

Global AWG Market size worth USD 800 million in 2015 and is forecast to exceed USD 8 billion by 2024 driven by technological innovations; according to a new research report by Global Market Insights, Inc.

Depletion of fresh water reserves coupled with growing infrastructure development in developing countries would stimulate global atmospheric water generator market size. Regulatory guidelines towards clean water by agencies such as European Commission and REACH will propel the AWG market business growth in coming year. In the U.S., safe drinking water act was introduced to ensure drinking water quality obtained from aboveground or underground sources.

China is expected to exceed USD 1 billion by 2024. Rising shortage of water supply with uncertain rainfalls will positively encourage the atmospheric water generator industry share growth from 2016 to 2024. Additionally, Presence of enormous manufactures market coupled with ease availability of workforce will further complement the industry outlook in future.

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Atmospheric water generator market share from cooling condensation is predicted to growth over 30% from 2016 to 2024. Advancement of technology with growing demand for water from dry zones may further complement the business growth.

Atmospheric water generator market demand from residential is expected to install over 100 thousand units by 2024 and is predicted to gain over 30% from 2016 to 2024.Growing demand for large scale installations across residential buildings will favor the industry growth. High investment in construction sector mainly from Nigeria and Ghana will positively influence the atmospheric water generator market share growth in future.

Browse key industry insights spread across 167 pages with 256 market data tables & 11 figures & charts from the report, “Atmospheric Water Generator (AWG) Market Size By Product (Cooling Condensation, Wet Desiccation), By Application (Industrial, Commercial, Residential), Regional Outlook (U.S., Germany, UK, France, Italy, China, India, Indonesia, Malaysia, Thailand, Australia, Brazil, South Africa, Saudi Arabia, UAE), Growth Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents.

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Key insights from the report include:
• U.S. atmospheric water generator market share from wet desiccation is set to witness growth over 30% in coming years. This technology uses brine solution which results less energy consumption. Government agencies imposed ban on inhibitors used in brine solution which is expected to be hinder the business growth in future.

• Brazil atmospheric water generator market share from cooling condensation is projected to witness growth over 30% in near future. It includes condenser, evaporators, dehumidifier and other compressor components.

• India is expected to witness substantiate growth over forecast period owing to implementation of various government program including National Rural Drinking Water Program to ensure availability of water supply for drinking purpose.

• France atmospheric water generator industry share demand from commercial applications is set to growth over 20% in coming year. Increasing demand from theatres, hotels, commercial building and army base camps will further augment the business growth from2016 to 2024.

• China atmospheric water generator market was over USD 100 million in 2015 and is expected to witness substantiate growth subject to rapid urbanization coupled with uncertain rainfall in the region.

• Major players in atmospheric water generator market share include Saisons Technocom, Dew Point Manufacturing, Island Sky, Watair, Ecoloblue, Eurosport Active World Corporation, Konia and Atlantis Solar. Small and medium sized enterprisers rely on third party vendors and distribution network to supply products to the customers.

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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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