Global Atmospheric Water Generator Market is Driven by the Growing Adoption of Solar AWGs
Pune, Maharashtra, May 08, 2019 (Wired Release) Prudour Pvt. Ltd. – The atmospheric water generator (AWG) abstracts water from the humidity present in the air through the process of condensation and purifies it. There are two types of atmospheric water generator market: production volume rate below 100 litres per day, and others. By application, the target market is bifurcated into residential, commercial, and others. According to experts from Market.us (Prudour.com), the global Atmospheric Water Generator market was valued US$50.42.1 mn in 2018. Experts project this growth to burgeon at 20.3% CAGR from 2019 to 2028.
A major factor driving the growth of the target market is the growing adoption of solar atmospheric water generator. Solar AWGs installs solar-powered photovoltaic (PV) panels to generate electricity or solar thermal plants use the sun’s rays to produce water. It is witnessing highest growth in hot and humid climate regions to eliminate dependency for power supply and to reduce electricity costs. It is selected for off-grid communities, military use, and refugee camps for the direct connection to the electricity supply. Such factors are expected to drive the demand for solar AWGs over the forecast period.
A recent trend observed in the target market is manufacturers are focusing to improve the efficiency of water generation as well as reduce equipment cost. In addition, government, regulatory bodies, organizations, and several municipal corporations are deploying an atmospheric water generator as it produces pure water and can also be easily transported from one place to another. Whereas, delayed expansion owing to the exorbitant costs of these systems and their high energy consumption, along with the presence of the existing water desalination techniques, may hamper the growth of the target market.
The technological advancement such as electrically improved harvesting, advanced oxidation processes, automatic variable filtration technology, and advanced filtration systems are some of the new technologies that are being integrated into AWG offerings. Moreover, other technologies for inexpensive water collection includes asphalt solar collectors and hybrid AWGs, which are used in hot and humid regions.
Demand for atmospheric water generator is continuously increasing in the Asia Pacific, due to the presence of dynamic industrial sectors, rapid urbanization, and increasing awareness regarding the significance of such devices. Moreover, the rising requirement for sustainable use of the available water resources in countries such as China, Indonesia, and India may have a positive influence on industry growth. Apart from the Asia Pacific, North America and Europe are expected to account for significant market share, owing to increasing awareness about water treatment and stringent regulations such as Clean Water Act (CWA) and Integrated Pollution and Prevention Control (IPPC) regarding wastewater management to promote conservation of resources.
Major players profiled in the report include AT Company, Hendrx, Shenzhen FND, EcoloBlue, Island Sky, Drinkable Air, Aqua Sciences, Dew Point Manufacturing, WaterMaker India, Sky H2O, Watair, Saisons Technocom, and Planets Water. Recently in February 2019, Bharat Electronics Ltd (BEL) has revealed its new product ‘Atmospheric Water Generator’ to meet the increasing demand for potable water across the globe in Aero India Show 2019.