Atmospheric water generator market demand from residential is expected to install over 100 thousand units by 2024 and is predicted to gain over 30% from 2016 to 2024. Growing demand for large scale installations across residential buildings will favor the industry growth. High investment in construction sector mainly from Nigeria and Ghana will positively influence the atmospheric water generator market share growth in future.
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Atmospheric water generator market share may be constrained on the grounds of high electricity consumption, increasing concern toward GHG emissions and high technology costs. Despite being a rather transformative technology, its deployment may face glitches at certain times. Certain units are likely to require more than 2.5 kWh per liter of power for operation, which may lead to problems in its deployment in areas with high electricity tariffs. Nonetheless, major AWG market giants such as Island Sky Corporation, Saisons Technocom and Watair Inc., Ecoloblue, Atlantis Solar, Fujian Yuxin Electronic, and Konia have been ramping up their efforts to conceptualize innovative technologies that may reduce GHG emissions and associated costs to a great extent, which will gradually catalyze atmospheric water generator industry share in the ensuing years.
The contribution of a regulatory framework toward atmospheric water generator market growth:
The government has mandated a set of stringent regulations to be complied with, with regards to water shortage, which has undoubtedly provided a positive impetus to atmospheric water generator market.
The European Union has enforced the Drinking Water Directive to ensure clean, water supply to the European nations for commercial, residential, and industrial purposes.
The EPA and REACH have also mandated norms with regards to optimized water usage and safe water supply will also act as a catalyst to atmospheric water generator market growth.
The WHO states that around 45% of the global pollution is caused by means of pathogenic microorganisms. In this regard, the U.S. government has launched the Safe Drinking Water Act in a bid to ensure clean water supply to the county’s populace, which will majorly impel atmospheric water generator market.
The SDWA has also been formed to protect the quality of drinking water in the U.S. in order to focus on all the liquids designed for drinking – from above the ground as well as under the ground.
As per analysts, atmospheric water generator market is projected to exceed a stupendous USD 8 billion by 2024, from merely USD 800 million in 2015, thereby enlisting AWG market in the coveted billion-dollar business space. Investors staking their claim in atmospheric water generator market will thus, stand to accrue substantial profits by the end of 2014 and beyond, given the projected pace at which atmospheric water generator market has been evolving.
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A rather succinct insight into the application landscape of atmospheric water generator market:
AWGs find widespread applications across extensive end-use sectors such as construction, manufacturing, paper & pulp, oil & gas, and steel, which will invariably boost atmospheric water generator market from industrial applications. As per estimates, this segment is projected to record a CAGR of 25% over 2016-2024.
Commercial avenues such as office buildings, multiplexes, malls, hotels, and military camps depict an enormous utilization scope for AWGs. Analysts claim France atmospheric water generator market rom commercial applications to grow at a rate of 20% over 2016-2024, given the deployment of AWGs in theaters, malls, commercial properties, and army base camps.
U.S. atmospheric water generator market share from wet desiccation is set to witness growth over 30% in coming years. This technology uses brine solution which results less energy consumption. Government agencies imposed ban on inhibitors used in brine solution which is expected to be hinder the business growth in future.
Brazil atmospheric water generator market share from cooling condensation is projected to witness growth over 30% in near future. It includes condenser, evaporators, dehumidifier and other compressor components.
Table of content for this research report:
Chapter 4 Atmospheric water generator market product insights
4.1 Global atmospheric water generator market volume share by product, 2015 & 2024
4.2 Cooling condensation
4.2.1 Market estimates and forecast, 2013-2024, (Units) (USD Million)
4.2.2 Market estimates and forecast, by region, 2013-2024, (Units) (USD Million)
4.3 Wet Desiccation
4.3.1 Market estimates and forecast, 2013-2024, (Units) (USD Million)
4.3.2 Market estimates and forecast, by region, 2013-2024, (Units) (USD Million)
Chapter 5 Atmospheric water generator market application insights
5.1 Global atmospheric water generator market volume share by application, 2015 & 2024
5.2.1 Market estimates and forecast, 2013-2024, (Units) (USD Million)
5.2.2 Market estimates and forecast, by region, 2013-2024, (Units) (USD Million)
5.3.1 Market estimates and forecast, 2013-2024, (Units) (USD Million)
5.3.2 Market estimates and forecast, by region, 2013-2024, (Units) (USD Million)
5.4.1 Market estimates and forecast, 2013-2024, (Units) (USD Million)
5.4.2 Market estimates and forecast, by region, 2013-2024, (Units) (USD Million)
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The residential sector is one of the most lucrative segments of atmospheric water generator market. In 2015, the segment was reportedly valued at USD 13 million. However, the expanding construction sector, growing population, and the subsequent necessity for housing will necessitate the demand for large-scale AWG installations. On these grounds, AWG market from residential applications has been forecast to register a CAGR of more than 30% over 2016-2024, with a valuation of over 100 thousand units in terms of volume, by 2024.
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