Atmospheric Water Generator Market Size to Touch USD 6,214.9 Million by 2027: Rising Demand for Potable Water to Propel Growth, says Fortune Business Insights™

Pune, July 27, 2020 (GLOBE NEWSWIRE) — The global atmospheric water generator market is expected to touch USD 6,214.9 million by 2027 on account of the rising demand for potable water and decline in the availability of freshwater. As per a recent report published by Fortune Business Insights titled, “Atmospheric Water Generator Market Size, Share & COVID-19 Impact Analysis, By Product Type (Cooling Condensation and Desiccant Based), By Application (Industrial, Commercial and Household), and Regional Forecast, 2020-2027,” the value of this market was USD 1,940.8 million in 2019 and will rise at a CAGR of 18.1% between 2020 and 2027.https://www.fortunebusinessinsights.com/atmospheric-water-generator-market-103321
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Water-Gen Ltd. (North Carolina, USA)Akvosphere (West Bengal, India)Drinkable Air Technologies (Florida, USA)Eshara Water (Abu Dhabi, UAE)Water Technologies International, Inc. (Florida, USA)Clean Wave Products (USA)Atmospheric Water Generator, LLC (Florida, USA)GENAQ Technologies S.L. (Lucena, Spain)Zhongling Xinquan (Fujian) Air Drinking Water Technology Co., Ltd. (Fujian Province, China)Atlantis Solar (New York, USA)Island Sky Corporation (Florida, USA)WaterMaker India Pvt. Ltd. (Maharashtra, India)Dew Point Manufacturing (British Columbia, Canada)PlanetsWater Ltd. (London, U.K.)Eurosport Active World Corporation (Florida, USA)Others
Highlights of the ReportA comprehensive overview of the atmospheric water generator marketKey drivers, restraints, challenges, and future opportunitiesSignificant industry developments, and current trends of the marketTable of segmentation based on factors such as product type, application, and regionList of players and the major strategies adopted to earn significance in the market competitionDrivers & Restraints-Advent of Smart Technology into Water Generators to Add ImpetusThe rise in industrialization and urbanization have led machines to overpower natural habitat. A decline in freshwater sources has been observed so as to provide more space for new buildings and recreational spaces. The decline in the level of freshwater sources, coupled with the increasing industrialization and urbanization are the key factors promoting the atmospheric water generator market growth. Besides this, the stringent regulations imposed on environment and water safety will also aid in favor of the market. However, the rise in carbon footprint and the high requirement for power generation to suffice to the needs of all residential, commercial, and industrial sectors may pose major challenges to the market in the coming years. Nevertheless, the advent of technological innovations such as smart technology, cooling condensation wet desiccation, and others are likely to help create lucrative growth opportunities to the market in the coming years.Industrial Segment Gained Dominance Owing to High Demand for WaterThe global market for atmospheric water generator is dominated by the industrial section based on segmentation by application with a 74.5% share earned in 2019. The growth of this section is attributed to the large quantity of water used in industries and manufacturing units. Large scale industries are now acquiring economical and sustainable water solutions such as atmospheric water generator to meet the increasing demand for water.Regional Analysis-The Middle East and Africa Dominated Market Owing to Extreme Water ScarcityThe weather conditions in the Middle East and Africa is majorly responsible for scarcity of water. The aforementioned regions are heavily dependent on desalination plants and water bottles to suffice to their daily needs. The use of air to water systems in this region helps this region to produce more potable water more economically. Therefore, this region dominated the market in 2019 and are likely to continue doing so in the coming years as well.Additionally, North America earned 217.8 million in 2019 and Asia Pacific is expected to rise at a CAGR of 21.1% in the forecast period accountable to the increasing water scarcity problems in South-east Asian Nations.Companies Introducing New Products to Earn Lion’s ShareSome of the companies operating in this market are engaging in new product launches and are therefore investing heavily in latest technology. Other vendors are engaging in joint ventures and partnerships to collaboratively earn significant revenues, thereby making a significant remark in the market competition.Significant Industry Developments of the Atmospheric Water Generators Market are:December 2019 – GENAQ Technologies S.L. showcased their air generators in the largest building and construction event called “The Big 5” in the Middle East. It also promoted the S50 generator and provided brief information on air and water technologies.IntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesKey InsightsKey Emerging Trends in Global MarketLatest Technological AdvancementsInsights on Regulatory ScenarioPorters Five Forces AnalysisKey developments: Acquisition, Collaboration, Strategic Partnership, and Joint VentureGlobal Atmospheric Water Generator Market Analysis, Insights and Forecast – By Product Type, 2016-2027Key Findings / SummaryMarket Analysis, Insights and Forecast – By Product TypeCooling CondensationDesiccant BasedGlobal Atmospheric Water Generator Market Analysis, Insights and Forecast – By Application, 2016-2027Key Findings / SummaryMarket Analysis, Insights and Forecast – By ApplicationIndustrialCommercialHouseholdTOC Continued…!!!
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