The atmospheric water generator market is segmented into applications like industrial applications and residential applications. Industrial applications segment contributed to greater than 25% of overall demand and is predicted to register more than 25% of CAGR during forecast timeframe. They are mainly used in industries that require water production of more than 20,000 gallons per day. Oil & gas firms of middle east regions are using desalinated water from seas. This method has proved cost efficient in comparison to other oil exploring events taking place near sea shore.
Residential atmospheric water generator market experienced biggest system deployment with total amount of consolidated deployments valued over USD 13 million in 2015. Growing customer consciousness about the technology benefits from these systems are predicted to drive the industry growth in these residential applications.
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The process of water extraction from ambient air does not seem to be contemporary. Back in the days of the yore, water was often condensed from thin air, by means of fog fences, air wells, and dew ponds. Borrowing the proverbial leaf out of these ancient books, major companies have been conceiving novel technologies to generate water from air. The efforts, for most parts, have borne fruit, as depicted by estimates – in 2015, atmospheric water generator market size stood at USD 800 million. This valuation can be credited to the ever-growing population demanding a consistent increase in freshwater supply, which has been depicting a shortage due to rainfall scarcity coupled with rising temperatures. This has gradually led to atmospheric water generator market players pioneering innovative condensing & generation engines for AWGs, to extract water from humid air. It is to be remembered that this technology works best in temperate climates only, in moderate to high humidity. Nonetheless, the technology has been touted to be highly effective, and may combat the problem of water availability in the ensuing years, thereby propelling atmospheric water generator market.
Atmospheric water generator industry 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 market share in the ensuing years.
APAC dominated the global atmospheric water generator market for 2015 with India and China playing a key role in the regional industry growth. Growing commercial & residential expenditure in regions like Indonesia, China and India is predicted to promote the regional demand. Factors like presence of large number of component producers, less production costs and low labor charges are predicted to fuel the industry expansion.
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MEA(Middle East & Africa) atmospheric water generator market share will rise significantly over the forecast timeframe. Deficit of fresh water reserves along with high costs involved in deploying desalination plants is predicted to drive the regional demand. Saudi Arabia market is estimated to grow at a CAGR of 30% over the period of 2016-2024.
Glimpse of Table of Content (ToC)
Chapter 3 Atmospheric Water Generator Market Insights
3.1 Industry segmentation
3.2 Industry Size and forecast, 2013 – 2024
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.4 Technology landscape
3.4.1 Cooling condensation
126.96.36.199 Pressure condensing
188.8.131.52 Refrigeration condensing
184.108.40.206 Combination technique
3.4.2 Wet desiccation
3.5 Regulatory landscape
3.6 Industry Impact forces
3.6.1 Growth drivers
220.127.116.11 Decline in fresh water levels
18.104.22.168 Technological innovation
22.214.171.124 Supportive regulations
3.6.2 Industry pitfalls & challenges
126.96.36.199 High carbon footprint
188.8.131.52 High power requirement
3.7 Growth potential analysis
3.8 Competitive landscape, 2015
3.9 Porter’s analysis
3.10 PESTEL analysis
3.11 Potential market
3.12 Buyer landscape
3.12.1 Potential buyers
3.13 Feasibility analysis
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