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Fuel Cell Market size worth $25.5bn by 2024
Atmospheric Water Generator Market size to grow at 37.4% CAGR
during next seven years: Global Market Insights Inc.
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Atmospheric water generator (AWG) market size is forecast to be worth USD 9.3 billion by
2022, at a growing CAGR of 37.4% from 2015 to 2022, according to new study based
report by Global Market Inisghts. The report provides in-depth analysis of the AWG market
including restraints, drivers, opportunities, challenges and key trends influencing the
market.
Rising awareness of adverse effects climate change on fresh water, depleting water
resources, declining availability of fresh water and increasing infrastructure development is
anticipated to propel demand for fresh water for residential and industrial purposes.
Changing consumer trends with preference to residential generators over filters owing to
the availability of clean drinking water is likely to further the market growth.
Residential atmospheric water generator market share is expected to persist its
dominance in application segment. Industrial applications are anticipated to observe
growth and attain high gains at a projected CAGR of more than 37% over the next 7
years.
Key Insights from Atmospheric Water Generator Market:
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In spite of the domination of cooling condensation systems in the global AWG
market, the wet desiccation segment is likely to witness growth in the near future
owing to high power consumption of cooling condensation systems .
Investments in R&D to develop clean and low cost technology is lileky to provide
highly lucrative research opportunities for participants in the AWG market. Wet
desiccation machine segment is forecast to witness significant growth with over 40%
CAGR during the projected time frame.
Continued...
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Europe AWG market size, by product, 2012 - 2022 (Units)
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Generator Market @ https://goo.gl/1x3QOg
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Application Analysis
Residential atmospheric water generator market witnessed largest installation of these systems with
total number of consolidated installations crossing 10,000 units in 2014. Increasing consumer
awareness regarding the technology befits from these systems are likely to drive atmospheric water
generator market growth in residential applications.
Regional Analysis
Asia Pacific, driven by India and China atmospheric water generator market size, was the dominant
region valuation of over USD 400 million in 2014. Increasing residential & commercial spending in
regions such as China, India and Indonesia is likely to drive regional demand. Middle East & Africa
(MEA) atmospheric water generator market share accounted for more than 27% of the total demand in
2014 and is likely to witness highest gains at a CAGR of over 38% up to 2022.
Competitive Market Share
The global atmospheric water generator market share is characterized by numerous component
suppliers responsible for supplying parts for manufacturing atmospheric water generator. These
manufacturers source parts including water level indicators, temperature and pressure sensors,
condensers, evaporators and compressors. Companies such as Watair Inc., Planet Water and Dew
point and are engaged in atmospheric water generator manufacturing.
360° Analysis
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