February 25, 2024

Atmospheric Water Generator Market Growth Accelerated By Increasing Demand For Alternative Freshwater Resources

Atmospheric water generators are equipment that extract freshwater from humid ambient air. They offer various advantages such as providing cleaner drinking water without the need for piping or plumbing infrastructure. With growing freshwater scarcity across the world due to factors like population growth, urbanization, and climate change, the demand for alternative freshwater sources is increasing rapidly.

The global Atmospheric Water Generator Market is estimated to be valued at US$ 4.06 Bn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
Around 1.1 billion people globally lack access to water and as freshwater resources continue to deplete owing to rising temperatures, population growth, and changing rainfall patterns, the need for sustainable and alternative sources of freshwater is growing. Atmospheric water generators provide a decentralized solution to freshwater scarcity as they can be installed at the household, community, or industrial level to produce potable water independent of centralized water infrastructure and distribution networks. This factor is expected to significantly propel the adoption of atmospheric water generator systems over the forecast period.

Segment Analysis
The global atmospheric water generator market is dominated by outdoor atmospheric water generator segment. These outdoor atmospheric water generator systems are generally installed on buildings’ rooftops or outside walls. They utilize the difference between the indoor and outdoor temperature and humidity levels to effectively extract water from the air. They are self-sustaining and require no power or infrastructure except for a solar panel, making them ideal for remote locations with no direct access to drinking water supplies.

Key Takeaways
The global atmospheric water generator market is expected to witness high growth over the forecast period of 2023 to 2030.

Regional analysis shows that the market in the Asia Pacific region leads in terms of size and growth. The high demand in countries like India and China where lack of access to drinking water is still a challenge in many areas drives the demand in the region.

Key players operating in the atmospheric water generator market are Exxon Mobil Corporation, Saudi Basic Industries Corporation, Royal Dutch Shell Plc., China Petroleum & Chemical Corporation, Chevron Phillips Chemical Company LLC, Total S.A., LyondellBasell Industries N.V., National Petrochemical Company, INEOS Group, and Dow Inc. among others. These companies focus on innovations to improve efficiency and lower costs of atmospheric water generators to tap the increasing opportunities.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it