Atmospheric Water Generator Global Market Report 2024

The atmospheric water generator market size has grown rapidly in recent years. It will grow from $3.14 billion in 2023 to $3.67 billion in 2024 at a compound annual growth rate (CAGR) of 17.0%. During the historical period, growth can be attributed to several factors, including the reinforcement of water infrastructure, a growing need for potable water, and the continuous trend of urbanization.

The atmospheric water generator market size is expected to see rapid growth in the next few years. It will grow to $6.04 billion in 2028 at a compound annual growth rate (CAGR) of 13.3%. Anticipated growth is driven by government initiatives, global population increase, water scarcity, and IoT-integrated atmospheric water generator development. Major trends include advancements in atmospheric water generation tech, R&D focus, product innovation, and strategic partnerships.

The atmospheric water generator market is poised for growth due to the escalating challenge of water scarcity. Water scarcity is characterized by a shortage of safe water sources or an inadequate supply of water. In February 2022, Global Citizen, an Australia-based international education and advocacy organization focused on ending extreme poverty, highlighted that as Africa's population expands and climate change depletes finite resources, an estimated 230 million Africans may face water scarcity by 2025, with up to 460 million residing in water-stressed areas.

The substantial population residing in countries grappling with water stress is anticipated to propel the atmospheric water generator market. Water stress occurs when there is insufficient water, both in quantity and quality, to meet the demands of both the environment and the population. In response to such conditions, atmospheric water generators play a crucial role in converting air moisture into potable water. According to a UN-Water report in 2022, 2.3 billion people inhabit water-stressed countries, with 1.42 billion people, including 450 million children, residing in areas marked by high or extremely high water vulnerability. A staggering 785 million people lack access to basic water services, and reports from the World Health Organization (WHO) indicate that 884 million people lack access to safe drinking water. Consequently, the significant population residing in water-stressed countries is expected to be a driving force for the atmospheric water generator market.

An emerging trend in the atmospheric water generator market is the increasing popularity of atmospheric RV water generators. Leading companies in the atmospheric water generator sector are directing their focus towards the development of atmospheric RV water generators, introducing new products to fortify their market positions. For instance, in 2021, Watergen Ltd., an Israel-based company specializing in water-from-air solutions, launched the Watergen ON Board - an aftermarket water generator tailored for recreational vehicles (RVs) and campers. This innovative device utilizes air humidity to generate over 10 gallons of fresh, pure drinking water daily, without relying on an external water supply or hookup. The Watergen ON Board is easily plugged into any 12V power source, including solar panels and batteries, enhancing its versatility for various applications.

Strategic partnerships represent another significant trend gaining traction in the atmospheric water generator market. Numerous companies within the atmospheric water generator sector are actively engaging in partnerships as a strategic approach to reinforce their market positions. In September 2022, Mullen Automotive Inc., a US-based emerging electric vehicle manufacturer, entered into a partnership with Watergen Inc., an Israel-based developer of atmospheric water generators (AWG). This collaboration aims to equip Mullen's electric vehicle portfolio with Watergen's technology, enabling the production of fresh drinking water from the air for both in-vehicle consumer and commercial applications. Additionally, in May 2022, Watergen partnered with SMV Jaipuria Group, an Indian conglomerate, to introduce its AWG technology across India. As part of this collaboration, a new manufacturing plant is set to be established within one year of operations, further expanding Watergen's presence and impact in the Indian market.

In December 2021, Quench, a US-based provider of bottle-free filtered drinking water solutions promoting health and environmental consciousness, acquired Pure Planet Waters for an undisclosed sum. This acquisition aims to broaden Quench's footprint in emerging markets such as New York. Pure Planet Waters, also based in the US, specializes in point-of-use drinking water systems and ice dispensers.

Major companies operating in the atmospheric water generator market report are Water-Gen Ltd., Akvo Atmospheric Water Systems Pvt. Ltd., Drinkable Air Technologies, SOURCE Global, Ray Agua, Island Sky Corporation, Water Generating Systems LLC, WAIEA Water Solutions, EcoloBlue, Drupps, Watair Inc., WaterMaker India Pvt Ltd., Planets Water, Fujian Yuxin Electronic Co Ltd., Akvosphere, Bestway (Shanghai)Technology Co. Ltd., Guangdong Laswim Water Environment Equipment Co. Ltd., Dew Point Manufacturing, Water Technologies International Inc., Skywater Air Water Machines, Hendrx Water, Energy and Water Development Corp. (Eawc), Genaq Technologies S.L., Air 2 Water Solutions, AeroNero, Tsunami Products Inc., AquaViable Solutions Inc., Canadian Dew Technologies Inc., Green Technology Global Inc., Satus Ager S.A, Tecnoseeds, GlobeNatural, De Alimentos, Adm Do Brasil Ltda, GENAQ, H2O Biofouling Solutions B.V., Eshara Water, Buserve Limited, Aqua Air Africa.

Asia-Pacific was the largest region in the atmospheric water generator market in 2023, and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the atmospheric water generator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the atmospheric water generator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The primary types of AWGs include cooling condensation and wet desiccation. Cooling condensation operates akin to dehumidifiers when air temperature is lowered below the dew point, causing atmospheric water vapor to condense. This condensed water is collected in a chamber for use. AWGs find extensive application in industrial, commercial, and residential settings.

The atmospheric water generator market research report is one of a series of new reports that provides atmospheric water generator market statistics, including atmospheric water generator industry global market size, regional shares, competitors with an atmospheric water generator market share, detailed atmospheric water generator market segments, market trends, and opportunities, and any further data you may need to thrive in the atmospheric water generator industry. This atmospheric water generator market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The atmospheric water generator (AWG) market consists of revenues earned by entities by provide services such as hygroscopy, and solid desiccants. The market value includes the value of related goods sold by the service provider or included within the service offering. The atmospheric water generator market also includes sales of active and passive dew condensers and fuel cells which are used to produce potable water from the surrounding air. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.