Atmospheric Water Generator (AWG) Market Overview: 2024-2030
Base Year: 2023
Historical Years: 2019-22
Forecast Years: 2024-30
The Atmospheric Water Generator (AWG) Market size is valued at around USD 2.21 billion in 2024 & is estimated to grow at a CAGR of around 8.11% during the forecast period, i.e., 2024-30. Atmospheric Water Generators are an advanced technology that is in its nascent stage and is emerging as one of the potential solutions to mitigate the problem of water scarcity in hot, humid, and arid geographies across the globe. As atmosphere holds roughly 12,900 cubic kilometers of water in it. Also, this water gets readily regenerated due to the evaporation of water from the ocean and the earth. So, to harness this potential, companies across the globe are investing considerably in AWG technologies.
Markntel Advisor’s Atmospheric Water Generator (AWG) Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, Atmospheric Water Generator (AWG) Market drivers, barriers, Atmospheric Water Generator (AWG) Market Trends, and Key Players in Atmospheric Water Generator (AWG) Market.
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Atmospheric Water Generator (AWG) Market Dynamics: 2024-2030
Atmospheric Water Generator (AWG) Market Driver:
Rising Consumption of Clean & Fresh Drinking Water in Water Scarce Regions – The depleting water reserves and freshwater sources in the southern hemisphere are pressing the need for alternate sources of water harnessing. As of 2024, the agriculture sector accounted for 70% of the freshwater usage, industries consume about 19% and domestic usage made up around 11% across the globe. With the rise in urbanization and construction activities, there has been an increase in water demand in countries like India, China, GCC member countries, Indonesia, the Philippines, etc. At the current trend, it is estimated that the water demand will outpace its supply. According to the World Economic Forum, by 2030, the demand for freshwater will exceed its supply by 40%.
According to the World Bank, currently 4.4 billion inhabitants reside in cities. This migratory trend indicates that by 2050, 7 of 10 inhabitants living in cities. This will further increase the burden on the water sources there and deplete them faster. Apart from this, the surge in global temperature will only exacerbate this situation globally. For instance,
The United Nations estimated that with each instance of increase in global average temperature by 1oC (1.8oF), there is a decline of 20% in renewable water resources.
The development of these scenarios will potentially increase the demand for the atmospheric water generator. The device can generate water from the air without an extensive logistical requirement where the water needs to be transported and supplied from a distant place.
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Atmospheric Water Generator (AWG) Market (2024-30): Segmentation Outlook
The market report has segmented the market into the following categories:
- By Technology
- Cooling Condensation- Market Size & Forecast 2019-2030, Units
- Liquid/Wet Desiccant- Market Size & Forecast 2019-2030, Units
- By Application
- Industrial- Market Size & Forecast 2019-2030, Units
- Commercial- Market Size & Forecast 2019-2030, Units
- Residential- Market Size & Forecast 2019-2030, Units
- Government- Market Size & Forecast 2019-2030, Units
- By Type
- Static- Market Size & Forecast 2019-2030, Units
- Mobile- Market Size & Forecast 2019-2030, Units
- By Capacity
- Lower Capacity Models (Upto 50L per day)- Market Size & Forecast 2019-2030, Units
- Medium Capacity Models (From 50L to 500L per day)- Market Size & Forecast 2019-2030, Units
- Higher Capacity Models (More than 500L per day)- Market Size & Forecast 2019-2030, Units
- By Region
- North America
- South America
- Europe
- Middle East and Africa
- Asia-Pacific
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Top Companies Operating in the Atmospheric Water Generator (AWG) Market:
- Akvo Atmospheric Water Systems Pvt. Ltd. (Akvosphere)
- Planets Water
- Islandsky (SkyWater)
- Drinkableair Technologies
- Zhongling Xinquan (Fujian) Air Drinking Water Technology Co., Ltd. (Hendrx)
- GENAQ
- Watergen
- MAYAQWA
- AW International Ltd.
- AirOWater (Dewpoint)
- SkyWell
- WatAir
- Veragon
- WAIEA Water
- Drupps
- MAITHRI Aquatech
- Others
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