Atmospheric water generators use condensation to extract moisture from humid ambient air and produce clean drinking water. They utilize various technologies such as cooling condensation or wet desiccants to collect atmospheric moisture and purify it to make it potable. Atmospheric water generators provide a sustainable solution to areas facing water scarcity by generating fresh water from the air. They are increasingly being used in homes, offices, military sites, commercial spaces and developing regions where clean water availability is limited.
The global Atmospheric Water Generator Market is estimated to be valued at US$ 4.06 billion 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:
One of the key trends gaining traction in the atmospheric water generator market is the introduction of innovative technologies that improve efficiency and yield. Manufacturers are focusing on developing advanced systems that can extract higher quantities of water using minimum energy. For instance, companies are coming up with solutions powered by renewable energy like solar to offer environment-friendly water production. Furthermore, compact and portable atmospheric water generators are gaining popularity for use in off-grid and disaster relief operations. Light-weight machines designed for easy transportation are helping meet emergency water needs in remote and crisis-hit areas. Growing interest in eco-friendly and self-sufficient water solutions from industrial, commercial and residential sectors will continue driving innovations in atmospheric water generation globally.
Porter’s Analysis
Threat of new entrants: Moderate threat as high capital requirements for infrastructure, R&D and brand building put up barriers for new players.
Bargaining power of buyers: Moderate as customers can opt for substitutes however Atmospheric Water Generator offer unique value of extracting water from air.
Bargaining power of suppliers: Low since raw materials are commonly available and suppliers face threats from integrated manufacturers.
Threat of new substitutes: Moderate threat as other sources of water like water treatment plants, bottled water offer alternatives but Atmospheric Water Generator extracts water from unlimited air source.
Competitive rivalry: Intense competition due to increasing number of providers offering differentiated products based on technology, capacity and design.
Key Takeaways
The Global Atmospheric Water Generator Market Growth is expected to witness high. The market size for 2023 is US$ 4.06 Bn and is forecast to reach US$ 6.74 Bn by 2030, growing at a CAGR of 6.2% during the forecast period.
Regional analysis – Asia Pacific region currently dominates the Atmospheric Water Generator market and is expected to grow at the fastest pace during the forecast period. Rising awareness about water scarcity along with favorable government policies propel the adoption of Atmospheric Water Generators in countries like India and China.
Key players – 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. The players focus on enhancing their product portfolios through technological advancements.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it