Atmospheric Water Generator Market Expected to Secure Notable Revenue Share by 2026

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As per a recent research report by Global Market Insights, Inc., atmospheric water generator market is likely to reach a valuation of $11 billion through 2026.The ever-increasing requirement for freshwater has driven the demand for atmospheric water generators over recent years. Insufficient rainfall due to climate change accompanied by growing temperature globally is increasing the pressure on freshwater resources. As a potential solution, atmospheric water generators are used to provide water, especially during water contamination, shortages, and other issues.

On the geographical front, growing number of product deployment activities across commercial and household institutions is projected to push North America atmospheric water generator market size through 2026. The regional market is mainly led by the U.S. Commercial and household institutions in the country are observing increasing installations of AWG due to growing instances of water-borne diseases.

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With reference to product, wet desiccation-based atmospheric water generator market is projected to expand more than 30% through the study period. The product uses hygroscopic compounds to extract humidity from air and later segregate water from it.

Hygroscopic compounds like brine, reactive lithium halides and silica gel are used in this process. Growing R&D expenditure to build hygroscopic compounds for soaking in order to replace crystalline brine salts should majorly foster product share. In addition, wet desiccation devices use less energy in comparison with the other alternatives available in the market.

Speaking of the application, the industrial sector is projected to grow more than 30% through the forthcoming years. The product has massive application in industry verticals such as paper, steel, and oil and gas. These industries utilize desalinated water for drinking that results in high water cost and loss. Using atmospheric water generators can help industries attain clean and safe water in a cost-effective way. Technological advancements regarding power supply from solar energy in these devices may positively impel market size over the coming years.

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Presence of firms working to develop brine solution technology and new designs is likely to have a positive influence on regional product demand. Suitable regulations including SDWA (Safe Drinking Water Act) are imposed by EPA to safeguard public drinking water. Based on these factors, North America atmospheric water generator industry is projected to grow more than $510 million through 2026.

Acquisitions, investment rounds, and collaborations, and product launch are some of key strategies used by market players in the AWG industry. Citing an instance, in December 2019, Indian startup Maithri Aquatech, launched a range of creative AWGs (Atmospheric Water Generators) to produce fresh water. 

The competitive landscape of the global atmospheric water generator market is inclusive of players such as Element Four Technologies, Inc, EAWC Technologies, Canadian Dew Technologies, Atmospheric Water Solutions, Inc., Eshara Water, Aquacello, Atlantis Solar, Ambient Water Corporation, EcoloBlue, Inc, Akvo Atmospheric Water Systems Pvt Ltd, Ray Agua, Air2Water, and Drinkable Air among others.

Browse key industry insights spread across 250 pages with 137 market data tables and 54 figures & charts from the report, “Atmospheric Water Generator Market Size By Product (Cooling Condensation, Wet Desiccation), By Application (Industrial, Commercial, Residential), Industry Analysis Report, Regional Outlook (U.S., Germany, UK, France, Italy, China, India, Indonesia, Malaysia, Thailand, Australia, Brazil, South Africa, Saudi Arabia, UAE), Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/atmospheric-water-generator-awg-market

About Global Market Insights

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.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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