Atmospheric Water Generator Market is set to register 30% CAGR through 2026; Global Market Insights Inc.
Atmospheric Water Generator Market is anticipated to witness healthy growth during 2021 to 2027 driven by widely usage in residential, commercial, and industrial applications.
Delaware, United States – July 24, 2021 /MarketersMedia/ —
According to Global Market Insights Inc. report, global atmospheric water generator market revenue is estimated to exceed an annual valuation of US$ 11 billion by 2026. Drinkable Air, Inc, Ray Agua, Air2Water, Atmospheric Water Solutions, Inc., Island Sky Corporation, and Ambient Water Corporation are a few notable AWG manufacturers. These companies, along with a large number of startups, are consistently coming up with novel product innovations. In 2019, an Indian startup had launched a range of innovative atmospheric water generators in its attempt to produce fresh, potable water.
Drastic climate change, rising temperature levels, and inadequate rainfall have led to depleting freshwater resources in many regions. Over the past decade, substantial research and studies have been focused on the development of advanced water generation technologies. One such technology which is increasingly garnering momentum is atmospheric water generator (AWG).
Following are a few major trends reshaping the future of AWG industry –
• Growing utilization across the industrial sector
Atmospheric water generators are widely used in residential, commercial, and industrial applications. Their demand across the industrial sector is slated to grow at a CAGR of 30% through 2026. This can be attributed to prominent use of AWGs across oil and gas, steel, and paper industries.
These industries heavily rely on desalinated water which results in significant water loss and high manufacturing costs. Atmospheric water generators provide clean and safe water in a cost-effective manner. Future AWG trends are anticipated to be focused on technological innovation in terms of power supply and the integration of solar energy to make these solutions sustainable and ecofriendly.
To access a sample copy or view this report in detail along with the table of contents, please click the link below:
https://www.gminsights.com/request-sample/detail/186
• Wet desiccation AWGs to gain momentum
Atmospheric water generators can be broadly classified into wet desiccation and cooling condensation AWGs. The demand for wet desiccation AWGs is projected to grow at a rate of more than 30% during 2020-2026. These AWGs basically make use of hygroscopic compounds, including silica gel, brine, and lithium halides, to soak humidity from the air and then separate water from humid air.
Manufacturers are experimenting with new hygroscopic compounds for soaking to substitute crystalline brine salts and enhance efficiency. One of the best advantages of wet desiccation AWGs over cooling condensation AWGs is that they consume less power.
• Favorable regulations across North America
North America atmospheric water generator market size is estimated to be worth more than US$ 510 million by 2026 end. The regional AWG consumption can be largely associated with growing number of households and commercial facilities across the U.S. in an attempt to prevent waterborne diseases. Several companies in the region are currently focusing on the development of brine solution technology and design modifications.
Moreover, regional governments and regulatory authorities have enforced favorable norms, such as the Safe Drinking Water Act (SDWA) by the U.S. Environmental Protection Agency (EPA), to protect public drinking water.
All in all, atmospheric water generator market is expected to witness notable demand during 2021-2026. This demand will likely be propelled by a pressing need to enhance crop yield, address water shortage issues in agriculture, and ensure proper irrigation. Ongoing technological developments and constant R&D to efforts by manufacturers will complement AWG industry outlook.
About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights Inc.
Address: 4 North Main Street, Selbyville, Delaware 19975 USA
Phone: 1-302-846-7766
Website: https://www.gminsights.com/pressrelease/atmospheric-water-generator-AWG-market
Source: MarketersMedia
Release ID: 89038275
Copyright © 1999-2013 SproutNews.com
