Atmospheric Water Generator Market: By Product Type (Cooling Condensation and Wet Desiccation) By Application (Industrial, Commercial, and Residential) and Geography  

Atmospheric Water Generator Market size was valued at USD 2,672.5 million in 2022 which is expected to grow at a CAGR of 9.3% over 2022-2028. Atmospheric water generators (AWG), also called air-to-water systems, can extract water from water vapor or moist air. Classically, a desiccant or refrigerant is used to gain water. These systems are grounded on the laws of latent heat. The rate and amount of production of water are reliant on the relative temperature and humidity of the neighboring air. Therefore, these systems are preferably appropriate for areas with a relative humidity of greater than 30%. The rise in awareness about the severe effects of climate change on the worldwide accessibility of freshwater can lead to the atmospheric water generator market growth. Moreover, fast urbanization and industrialization leading to universal climate change and comfort of operation and high production ratio making suburban application of atmospheric water generators possible are some primary factors that can boost the global atmospheric water generator market. Apart from these, numerous governments around the globe have shown intense attention to starting atmospheric water generation infrastructure for commercial and residential requirements can also accelerate the market in the future. However, some factors such as the presence of utilization of water desalination as a beneficial means of receiving water from the environment and high early investment and high-power usage restrict the use of AWG in numerous residential air purifiers applications which can restrain the growth of the market. the complex mechanism related to wet desiccation AWGs and the absence of shopper awareness about wet desiccation technology can hinder the market growth. Companies should focus on technological advancements that can create an opportunity for the global atmospheric water generator market growth.

Key Developments:

In October 2021, the world’s first onboard atmospheric water generator for RVs and campers was launched by Watergen.