The global AWG market is expected to
reach USD 4.74 billion by 2024, according to a new report by Grand View
Research, Inc. Increasing installations of AWG at commercial places such as
banks, educational institutes, and municipal agencies is anticipated to have a
positive impact on the industry growth over the next eight years.
Atmospheric water generator requirements
for industrial and commercial applications are formulated primarily on the
basis of water output. Efforts taken by key manufacturers and research
institutes to enhance performance efficiency and reduce power consumption is
expected to open new avenues for the product over the forecast period. Capital
investment, maintenance cost, and power consumption are the key criteria
influencing the buyers, especially from the residential application. As a
result, the industry players are expected to invest more on innovation in the
existing manufacturing process and technology used for water generation.
The industry is in its nascent stages with
a few number of manufacturers. Rising demand for the product, particularly in
water deficit regions, is expected to foresee opportunities for new market
players. However, a limited number of manufacturers in the market is expected
to foresee price wars which are likely to increase industry rivalry over the
forecast period. A large number of buyers for AWG are concentrated in Latin
America and MEA owing to water scarcity issues in the region.
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http://www.grandviewresearch.com/industry-analysis/global-atmospheric-water-generator-market
http://www.grandviewresearch.com/industry-analysis/global-atmospheric-water-generator-market
Further key findings from the report suggest:
· Cooling condensation dominated the industry
in 2015 and is expected to grow at a CAGR of 20% from 2016 to 2024. Higher
water output and less complicated mechanism as compared to wet desiccation
technique are expected to be the key factor driving demand for cooling
condensation AWG over the forecast period.
· Residential was the largest application
segment for the product volume in 2015 and accounted for over 50% of the
overall volume share in 2015. However, a significant rise in the number of AWG
installations at industrial workplaces are expected to result in higher growth
rates in this application as compared to its counterparts. Rapid economic and
industrial development in emerging economies such as India, China, Brazil, and
UAE are anticipated to drive growth over the forecast period.
· The Demand for AWG in India was valued at
just under USD 25 million in 2015 and is expected to grow at a CAGR of 20% from
2016 to 2024. Growing urbanization in the country coupled with changing
consumer lifestyle is expected to increase the need for pure water. Unusual
rainfalls and rising occurrence of water drought across various parts of the
country are expected to drive demand for suitable water generation options over
the projected period, which is likely to have a positive impact on the market
growth.
· The key players in the industry are
WaterMicronWorld, Dew Point Manufacturing, Watair Inc., Ambient Water, Dew
Point Manufacturing, Saisons Technocom Pvt. Ltd., WaterMaker India Pvt. Ltd.,
Planets Water, Water Technologies International, Inc., Island Sky Corporation,
Fujian Yuxin Electronic Co., Ltd., Eurosport Active World Corporation
Technologies, Atlantis Solar, Air2Water LLC, Konia and Ecoloblue, Inc.
Grand View Research has segmented the
atmospheric water generator market on the basis of product, application and
region:
Atmospheric Water Generator Market Product
Outlook (Volume, Units; Revenue, USD Million, 2013 - 2024)
·
Cooling condensation
·
Wet desiccation
Atmospheric Water Generator Market
Application Outlook (Volume, Units; Revenue, USD Million, 2013 - 2024)
·
Industrial
·
Commercial
·
Residential
Atmospheric Water Generator Regional
Outlook (Volume, Units; Revenue, USD Million, 2013 - 2024)
·
North America
o
U.S.
·
Europe
o
Germany
·
Asia Pacific
o
China
o
India
·
Latin America
o
Brazil
·
Middle East & Africa
o
UAE
Access
Press Release Of This Research Report by Grand View Research: https://www.grandviewresearch.com/press-release/atmospheric-water-generator-awg-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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