Atmospheric water generators directly produce fresh, drinking water from the humidity in ambient air using condensation process. The machines are becoming increasingly popular as they provide a sustainable solution to the growing need for potable water globally. They offer several advantages over conventional water sources including portability and independence from centralized water infrastructure. The global Atmospheric Water Generator Market is estimated to be valued at US$ 4.06 Bn in 2023 and is expected to exhibit a CAGR of 3.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Rising demand for potable water is the primary growth driver for the atmospheric water generator market. Approximately 1.1 billion people lack access to water and a further 1.6 billion people have only limited access. This dire situation is expected to worsen as freshwater resources shrink due to climate change and rapid urbanization. Atmospheric water generators provide an innovative solution by extracting water directly from humid air and have grown in popularity recently. Their decentralized production of drinking water makes them invaluable in areas with inadequate water infrastructure and scarce natural resources. As the global water crisis intensifies, demand for atmospheric water generators is anticipated to rise steeply over the coming years.
SWOT Analysis
Strength: Atmospheric water generator technology has the potential to provide usable drinking water from humidity in the air, which could address water scarcity problems. It is a decentralized solution that does not depend on existing water infrastructure.
Weakness: The energy requirements for ambient air extraction of water can be high, making the process costly compared to traditional water sources. The quantity of water produced per unit is relatively low.
Opportunity: As climate change exacerbates water scarcity issues globally, atmospheric water generators present an innovative solution. Growing adoption in off-grid and emergency response applications can drive the market.
Threats: Traditional centralized water infrastructure and desalination plants are entrenched solutions that face less challenges. Dependence on air humidity limits the geographical applicability of the technology. Higher production costs pose pricing challenges.
Key Takeaways
The Global Atmospheric Water Generator Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The market is estimated to reach a size of US$ 4.06 Billion in 2023 and projected to grow at a CAGR of 3.8% during the forecast period.
Regional analysis: North America is currently the largest and fastest growing regional market for atmospheric water generators. This is attributed to rising adoption in commercial and residential sectors due to increasing incidences of droughts. Asia Pacific is also expected to offer significant growth opportunities led by countries like China and India where water scarcity is a widespread problem.
Key players: Integra LifeSciences Corporation, AbbVie Inc., Johnson & Johnson, HansBioMed, Becton, Dickinson and Company, Cook Group, Smith & Nephew Plc., Reprise Biomedical, Organogenesis Holdings Inc., Tissue Regenix, LifeNet Health, Zimmer Biomet Holdings, Inc., Stryker Corporation, MiMedx Group, PolyNovo Limited, Fidia Pharma USA Inc., Baxter International Inc., In2Bones Global, BioHorizons, Inc., Harbor MedTech, Inc., MLM Biologics Inc., Geistlich Pharma AG, Olaregen Therapeutix, Inc., EnColl Corporation, Kerecis limited, DSM, ACell Inc., 3M, Cell Constructs I, LLC, Marine Polymer Technologies, Inc. are some of the key players operating in the atmospheric water generator market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.