Atmospheric Water Generator Market to Get an Explosive Growth in Near Future
Updated · Jul 13, 2023
Published Via 11Press : The worldwide Atmospheric Water Generator (AWG) market is continuously changing, and throughout the projected period, it is anticipated to expand quickly at a CAGR of 24.6%. Despite this technology being available for decades to produce water, its use has increased during the past ten years. Government organizations place a lot of emphasis on the issue due to the growing global water shortage and the fact that it is essential for existence.
This is a significant driver driving market expansion throughout the anticipated timeframe. Over two billion people worldwide do not have access to clean water, the World Health Organisation (WHO) said in mid-2018. Additionally, according to WHO, by 2025, more than half of the world’s population would reside in regions with a shortage of freshwater. Human health is negatively impacted by water shortages and the usage of polluted water, and as of 2018, more than 3.4 million people per year perished from illnesses linked to water.
In nations with low and moderate incomes, the situation is far worse. AWG manufacturers have a big market potential to locate their production facilities in places where low water availability has a negative impact on life expectancy.
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|Current Value (2022)||USD 3232.97 M|
|Unit||Value (USD M)|
|Dominating Application % Share||37.5%|
|Key Companies Profiled||Shenzhen FND (China), Air2Water LLC. (US), EcoloBlue Inc. (US), Ambient Water Inc. (US), Drinkable Air Inc. (US), Island Sky Corporation (US), DewPoint Manufacturing (Canada), HENDRX WATER (China), Water-Gen (Israel), GR8 Water, Inc. (US)|
The report offers Major leading Key players:
- HENDRX WATER
- GR8 Water
- Shenzhen FND
- Air2Water LLC.
- Island Sky
- Drinkable Air
- DewPoint Manufacturing
- Ambient Water
- Government and Army
- HTF MI projects that the market for atmospheric water producers will expand at a CAGR of 18.15 percent between 2017 and 2029. Governments all around the world are starting measures to solve the enormous problem of water shortage, which the entire world is presently facing.
- This is mostly responsible for this increase. Over 2 billion people are already consuming water that is hazardous to consume because it is generally polluted with feces, according to a 2018 study by the World Health Organisation (WHO).
- The WHO predicts that by 2025, more than half of the world’s population would live in areas with a shortage of water. Human health is negatively impacted by water shortages and the usage of polluted water, and as of 2018, 3.4 million people per year perished from diseases associated with drinking water.
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Market Growth Drivers:
- The world is currently experiencing a serious water issue, and governments all over the world are launching initiatives to address it. According to research from the World Health Organisation (WHO) from 2018, over 2 billion people are drinking water that is unsafe to drink since it is typically tainted with excrement.
- By 2025, the WHO projects that more than half of the world’s population would reside in regions with water scarcity. Human health is negatively impacted by water shortages and the usage of polluted water, and as of 2018, 3.4 million people per year perished from diseases associated with drinking water. In nations with low and moderate incomes, the situation is far worse.
- The high initial and ongoing costs, which make it expensive for those with lesser incomes, are the main issue impeding the market’s expansion. The largest difficulty is still, of course, excessive energy usage.
- The high cost of AWG severely restricts its home use in nations with developing economies. Growing numbers of suppliers in the supply chain and shifting climatic conditions throughout the world are other factors limiting market growth.
- For instance, water may not be clean enough if AWG is used in locations where energy is generated by coal-fired facilities because it may include concentrations of strontium. Testing the water sample to see if it complies with World Health Organisation (WHO) quality criteria is always preferred.
- An atmospheric water generator (AWG) uses dehumidifier-like technology to draw water from the atmosphere. Condensation is used to remove the water vapor and expose it to the desiccant.
- Water is a necessity for life to live on the globe, yet there is a worldwide water problem that affects countries from South Africa to North America to the Asia Pacific. Over two billion people worldwide lack access to safe water.
- AWG manufacturers have a big market potential to locate their manufacturing facilities in locations where life expectancy is negatively impacted by a lack of water.
- The enormous energy consumption of these gadgets, however, is a significant barrier. Over the projected period, this is anticipated to be resolved as advancements in AWG ensure that its operation is powered by solar panels and onboard power supply systems.
- The chance to condense the 37.5 million to billion gallons of water that make up the atmosphere at any given time and make it suitable for human use is enormous.
- Infrared Atmospheric Water Generator The focused and realistic market research methodology used by HTF MI enables the examination of the relevant market dynamics across several regions. To provide clients and businesses the opportunity to dominate atmospheric water generator market segments and expand in developing countries, our analysts also conduct in-depth analyses of specific geographic regions.
- The examination of the world market for atmospheric water generators also reveals the impact of changing player dynamics on the development of the sector.
- Additionally, in order to gain market share and domination, our market researchers carefully review the products and services offered by numerous businesses competing in the atmospheric water generator market.
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Personalization of the Report
- Technological Innovations and Advances Along with realistic market estimations, HTF MI also provides extensive value-added analyses on these subjects. Atmospheric water generator market maturity indicators, atmospheric water generator market growth drivers and restraints, and a study of entry and exit obstacles for new players in the atmospheric water generator market
- To Seize Vast Market Opportunities Key Business Segments, Market Proposition, and Gap Analysis for the Atmospheric Water Generator Industry: An Objective Analysis of Market Performance Indicators
- The atmospheric water generator analysis clarifies the market’s present position and key components against this challenging background. HTF MI analysts coordinated and carried out surveys of the businesses in the atmospheric water generator industry to put an end to this. The resulting snapshot offers a framework for understanding the causes of and potential paths for the industry’s growth.
- the business of atmospheric water generators’ orientation and growth pattern. Insights are developed through surveys, financial research, and business specialists.
- How can each company in this diverse set of companies navigate the shifting competitive landscape of the market for atmospheric water generators and put a plan in place to retain and strengthen their position so they can take advantage of the most recent addressable opportunity?
Craig Francis (PR & Marketing Manager)
HTF MI Consulting Private Limited
Phone: +1 434 322 0091
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