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At 30% CAGR, Global Atmospheric Water Generator Market to Reach $8.5 Billion by 2024

Global atmospheric water generator (AWG) market to value $8.5 billion by 2024 as a result of its applications in commercial, residential and industrial sectors.Scarcity of fresh water due to exhaustion of water resources like drying of rivers & lakes as a result of less rainfall & high temperatures is expected to boost the demand for Atmospheric Water Generator Market.

This press release was orginally distributed by SBWire

Pune, Maharashtra -- (SBWIRE) -- 01/10/2019 -- Atmospheric water generator (AWG) market size evaluated at over 30.5 thousand units in 2017, is expected to reach 258.56 thousand units by 2024, growing at a CAGR of around 30% over the period of 2018-2024. Lack of availability of fresh water along with infrastructure growth is predicted to increase the need for freshwater for industrial and residential uses. This, in turn, is predicted to boost the demand for atmospheric water generators in coming years. Furthermore, government initiatives at a global level such as Japan's DWQS (Drinking Water Quality Standard), Safe Drinking Water Act in U.S., National Rural Drinking Water Program in India, and European Union's drinking water directive are predicted to fuel the market growth by ensuring availability of pure drinking water.

Graphical Research: "Global Atmospheric Water Generator (AWG) Market Size by Application, By Product, Industry Analysis Report, Regional Outlook (North America, Latin America, Europe, Asia Pacific, Middle East & Africa), Application Development, Price Trend, Competitive Market Share & Forecast, 2018 – 2024"

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However, high power consumption by AWG systems along with greenhouse gas emissions adding to environmental pollution are few of the factors predicted to hinder the market growth over the forecast timeline.

Atmospheric water generator (AWG) market is segmented in terms of products, applications, and regions. The differentiating factor of Atmospheric water generator Market report by Graphical Research when compared with other, similar syndicated research studies includes a 360-degree synopsis of trends for a period of more than 10 years including historic information as well as future outlook. Business focused multiple trends for Atmospheric water generator industry are discussed along with regional trends to offer an overall view of the market.

Wet desiccation AWG market is forecast to grow at a CAGR of around 34.5% over 2018-2024. Wet desiccation AWG market estimated at 600 units in 2017, is predicted to grow substantially at a rate of around 34.5% over the period of 2018-2024 owing to technological innovation resulting in growing demand.

Cooling condensation AWG market, having contributed towards over 95% of the overall demand in 2017, is predicted to witness a noticeable growth over the forecast timeline. Technological innovations contributing to power conservation and effective power production are few of the factors predicted to drive the segment growth.

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Key industry participants include Saisons Technocom Private Limited, Air2Water LLC, Ambient Water, Fujian Yuxin Electronic Equipment Company Limited, and Atlantis Solar Environmental Products.

Segments We Cover:

AWG Market Share by product
Cooling condensation
Wet desiccation

AWG Market Size by application

The above information is provided on a regional basis for the following:
North America
Asia Pacific
Latin America (LATAM)
Middle East & Africa (MEA)
Saudi Arabia
South Africa

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About Graphical Research
Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

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