Atmospheric Water Generator (AWG) Market Size to Grow by USD 4,878.99 million from 2022 to 2027, Growing adoption of solar AWGs to boost the market growth
NEW YORK, June 2, 2023 /PRNewswire/ -- The global atmospheric water generator (AWG) market size is estimated to increase by USD 4,878.99 million from 2022 to 2027. The market's growth momentum will progress at a CAGR of 21.85% during the forecast period. Growing awareness and adoption of water safety regulations are major drivers impacting the global AWG market growth. AWGs are becoming progressively popular in hot and humid regions because they can eliminate the need for an unpredictable power supply and reduce electricity expenses. Furthermore, solar-powered AWGs are particularly beneficial in remote areas designated for military use, developing countries, off-grid communities, and refugee camps. This may not have a direct connection to a utility electricity supply. For instance, Aldelano, among other manufacturers, has already introduced its solar-powered AWG solutions, such as the Solar WaterMaker, a self-supporting generator powered entirely by solar power. Discover some insights on market size, historic period (2017 to 2021), and Forecast 2023-2027 before buying the full report -Request a sample report
Atmospheric water generator (AWG) market – Vendor AnalysisVendor Landscape - The global atmospheric water generator (AWG) market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer atmospheric water generator (AWG) in the market are AERONERO, AirOWater Private Limited, Akvo Water Systems Pvt. Ltd, Atlantis Solar and Wind LLC, AW International Ltd., Clean Water Generator Pvt Ltd, Drinkable Air Technologies, Energy and Water Development Corp., Fujian Yuxin Electronic Co. Ltd., GENAQ Technologies S.L, KCC Companies, PHILIPPINE GEOGREEN, INC., PlanetsWater Corp., Rayagua, SKYWATER INTERNATIONAL LLC, Wataire Industries Inc., Water Technologies International Inc., Worldwide Water Technologies Inc., Canadian Dew Technologies Inc., and Aldelano Corp. and others.
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Vendor Offerings -
Akvo Water Systems Pvt. Ltd - The company offers atmospheric water generators such as akvo 55k, akvo110k, and akvo water block.
Atlantis Solar and Wind LLC - The company offers atmospheric water generators such as aldelano solar water maker.
AW International Ltd. - The company offers atmospheric water generators such as aswea 20l elite, and atlantis h2o.
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Atmospheric Water Generator (AWG) Market - Segmentation AssessmentSegment OverviewTechnavio has segmented the market based on technology (cooling condensation and wet desiccation), application (residential and non-residential), and geography (APAC, North America, Europe, South America, and Middle East and Africa).
The market share growth by the cooling condensation segment will be significant during the forecast period. Generally, AWGs based on cooling condensation technology are the most used globally because of their simple design. Furthermore, the segment's growth is expected to be further enhanced by technological advancements like IOT and AI. These technologies help in making the AWG energy efficient and improve the hybrid energy sources that power them. Hence, such factors drive the segment growth during the forecast period.
Geography OverviewBy geography, the global atmospheric water generator (AWG) market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global atmospheric water generator (AWG) market.
APAC is estimated to account for 33% of the global market growth. The regional growth can be attributed to the increasing focus of the government on providing a safe living environment and civic infrastructure and the implementation of various government programs. For instance, in Singapore, the government has launched the Sustainable Singapore Blueprint. Such programs may provide opportunities for companies operating in the AWG market to partner with governments in order to expand their operations in the region. This also helps to ensure the availability of drinking water to the masses. Hence, such factors drive regional market growth during the forecast period.
For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a Sample Report
Atmospheric Water Generator (AWG) Market – Market Dynamics
Key Trends -
New technological developments in the AWG market will be an emerging trend impacting the global AWG market growth.
AWG equipment that is built using an electrically improved harvesting system provides better nucleation of moisture contained in the air as well as improves the heat-exchange process during condensation. This results in better yield.
Furthermore, researchers currently focus on improving the efficiency of water generation and reducing the cost of equipment.
Hence, such trends fuel the market growth of AWG during the forecast period.
Major challenges -
A major challenge impeding the growth of the global AWG market is the high capital and maintenance costs of AWGs.
Commonly, cost is a key challenge for household consumers, especially in developing countries, where customers are price sensitive.
Furthermore, the upfront cost to purchase and install atmospheric water generators can be prohibitively high, making it difficult for some businesses or individuals to invest in this technology.
Additionally, electricity supply in remote areas is irregular or non-existent.
Hence, such challenges hinder the market growth of AWG during the forecast period.
Drivers, Trends and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!
What are the key data covered in this Atmospheric Water Generator (AWG) Market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the Atmospheric Water Generator (AWG) Market between 2023 and 2027
Precise estimation of the size of the Atmospheric Water Generator (AWG) Market and its contribution to the market with a focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the Atmospheric Water Generator (AWG) Market across APAC, North America, Europe, South America, and Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of Atmospheric Water Generator (AWG) Market vendors
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Atmospheric Water Generator (AWG) Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 21.85%
Market growth 2023-2027
USD 4,878.99 million
YoY growth 2022-2023 (%)
APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution
APAC at 33%
US, Saudi Arabia, China, Japan, and Germany, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
AERONERO, AirOWater Private Limited, Akvo Water Systems Pvt. Ltd, Atlantis Solar and Wind LLC, AW International Ltd., Clean Water Generator Pvt Ltd, Drinkable Air Technologies, Energy and Water Development Corp., Fujian Yuxin Electronic Co. Ltd., GENAQ Technologies S.L, KCC Companies, PHILIPPINE GEOGREEN, INC., PlanetsWater Corp., Rayagua, SKYWATER INTERNATIONAL LLC, Wataire Industries Inc., Water Technologies International Inc., Worldwide Water Technologies Inc., Canadian Dew Technologies Inc., and Aldelano Corp.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.
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Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
4 Historic Market Size
4.1 Global atmospheric water generator (AWG) market 2017 - 2021
4.2 Technology Segment Analysis 2017 - 2021
4.3 Application Segment Analysis 2017 - 2021
4.4 Geography Segment Analysis 2017 - 2021
4.5 Country Segment Analysis 2017 - 2021
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Technology
6.1 Market segments
6.2 Comparison by Technology
6.3 Cooling condensation - Market size and forecast 2022-2027
6.4 Wet desiccation - Market size and forecast 2022-2027
6.5 Market opportunity by Technology
7 Market Segmentation by Application
7.1 Market segments
7.2 Comparison by Application
7.3 Residential - Market size and forecast 2022-2027
7.4 Non-residential - Market size and forecast 2022-2027
7.5 Market opportunity by Application
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 APAC - Market size and forecast 2022-2027
9.4 North America - Market size and forecast 2022-2027
9.5 Europe - Market size and forecast 2022-2027
9.6 South America - Market size and forecast 2022-2027
9.7 Middle East and Africa - Market size and forecast 2022-2027
9.8 US - Market size and forecast 2022-2027
9.9 China - Market size and forecast 2022-2027
9.10 Japan - Market size and forecast 2022-2027
9.11 Germany - Market size and forecast 2022-2027
9.12 Saudi Arabia - Market size and forecast 2022-2027
9.13 Market opportunity by geography
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends
11 Vendor Landscape
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks
12 Vendor Analysis
12.1 Vendors covered
12.2 Market positioning of vendors
12.3 Akvo Water Systems Pvt. Ltd
12.4 Aldelano Corp.
12.5 Atlantis Solar and Wind LLC
12.6 AW International Ltd.
12.7 Canadian Dew Technologies Inc.
12.8 Clean Water Generator Pvt Ltd
12.9 Drinkable Air Technologies
12.10 Energy and Water Development Corp.
12.11 Fujian Yuxin Electronic Co. Ltd.
12.12 GENAQ Technologies S.L
12.13 KCC Companies
12.14 PHILIPPINE GEOGREEN, INC.
12.15 PlanetsWater Corp.
12.16 SKYWATER INTERNATIONAL LLC
12.17 Worldwide Water Technologies Inc.
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations
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