As per the report by Grand View Research Inc., the global Atmospheric Water Generator Market is estimated at USD 8.9billion by 2027. It is expected to develop by a 19.5% CAGR from 2020 to 2027. The method of atmospheric water generation refers to the acquiring water of diverse grades of cleanliness from the environment. Due to the stable drop in the availability of the fresh water, the demand for atmospheric water generation has increased speedily in the previous few years. The atmospheric alterations triggered by the transformation of weather has resulted in rise in the normal temperature across the world. This has caused a drop in the quantity of available fresh water for the human consumption in the industrial plus residential use. The availability of water is estimated to decline gradually in the near future. Increasing alertness, about the bad effects of these issues has assisted in enhancing the global market for the atmospheric water generator.
Growing demand from the consumers for the atmospheric water generator in commercial and industrialized function is estimated to impel the expansion of the market. Additionally, diminishing reserves of the fresh water particularly in Latin America and Asia Pacific is expected to foster the expansion of the market for the atmospheric water generator. Besides variety of characteristics presented by the atmospheric water generator for example, trouble free transfer and the production of extremely clean water, are the factors estimated to push its demand for the use in armed forces, during the period of the forecast.
Increasing demand for the atmospheric water generator to substitute the established units of supply such as the water pipelines particularly at commercial and industrialized places is expected to unlock newfangled opportunity for the industry, during the period of the forecast.
The productivity of the water, presented by the atmospheric water generator, mainly depends on the temperature and the moisture of the nearby surroundings. These have an effect on the functioning effectiveness of the structure. The modernization of the product to decrease the price and enhance its effectiveness are the factors estimated to boost the global market for the atmospheric water generator during the period of the forecast.
On the other hand, greater operational costs along with lofty prices of the equipment have restricted the number of the buyers.
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Further findings from the report suggest:
Energy and Water Development Corporation, (EAWD) sold its self-contained energy providing atmospheric water generator arrangement to a Mexican Company, in January 2020. This company is engaged in the production of bottled water.
Due to the reducing resources of the freshwater along with irregular geological allocations of the resources for the fresh water, plus the infrastructure of insufficient water supply, the demand for the atmospheric water generator in Latin America is expected to observe the development by 17.7% CAGR, in terms of the quantity.
As a result of its high productivity with fewer complexity of the machinery, in contrast with the wet desiccation method, cooling condensation held 98.9% share in 2019.
The demand for the atmospheric water generator in India is expected to arrive at USD302.9million by 2027. The growing industrialized and the construction actions along with the speedy industrialized development within the nation are responsible for this progress.
On account of increasing disposable incomes together with the modernization of the product, the housing application sector is projected to develop by 16.7% CAGR, in terms of the revenue, during the period of the forecast. This is estimated to power the demand for the atmospheric water generator, within the section.
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Some of the companies for Atmospheric Water Generator Market are:
Watergen
Air2Water LLC
Atlantis Solar
Hendrx Water
Sky Water Air Water Machines
Planets Water
Saisons Trade & Industry Private Limited
Akvo Atmospheric Water Systems Pvt. Ltd.
Ecolo Blue, Inc.
GENAQ Technologies S.L.
Energy and Water Development Corp. (EAWC)
Drinkable Air
Water Technologies International, Inc. (WTII)
Water Maker India Pvt. Ltd.
Dew Point Manufacturing
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Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 126 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 4126 analysts and consultants, the company adds 121200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 600 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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