14th February 2020 – According to new research study available with Million Insights, market
report on Atmospheric Water Generator is foretold to provide a
robust support for industry players to lay a solid foundation for their
business growth. It includes a comprehensive evaluation of the market’s growth
status and risk. In addition, it provides detail market variables, trends, key
opportunities, new entrants & competitors.
Global Atmospheric Water Generator (AWG)
Market size is anticipated to reach USD 4.74 billion by 2024. Atmospheric water
generator (AWG) is a temperature driven machine that relies on the level of
humidity present in the air. The factors that propel the growth of the
atmospheric water generator market include increasing demand for product in
large scale industries such as oil & gas, paper, and steel, growing
urbanization in the nation, changing consumer lifestyle, infrastructural growth
in developing countries, and rising industrialization. On the other hand, there
are factors that may hamper the growth of the market including high capital
cost. Atmospheric water generator industry is anticipated to grow at a
significant CAGR in the upcoming period as the scope, product types, and its
applications are increasing across the globe.
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a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/atmospheric-water-generator-awg-market/request-sample
Atmospheric water generator (AWG)
industry could be explored by product type, range, application and geography.
The market could be explored by product type as Wet desiccation and Cooling
Condensation. The “Cooling condensation AWG” segment led the atmospheric water
generator (AWG) market in 2015 and is anticipated to maintain its dominance by
2024. The key factors that may be attributed to the growth of market include
technological advancements and low cost. Based on range, the AWG industry could
span 100L-250L, 20L-80L, and 500-3000L.
The key applications that could be
explored in the AWG market include Commercial, Industrial and Residential. The
“Residential” segment led the market of atmospheric water generator in 2015 and
is anticipated to maintain its dominance by 2024. The key factors that may be
attributed to the growth of market include high product installations in Latin
America, increasing demand for pure water mainly in emerging countries
including India and China and rising consumer awareness.
APAC accounted for the major market
share of the atmospheric water generator (AWG) in 2016 and will continue to
lead in the forecast period. The factors that could be attributed to the growth
include growing commercial & residential spending in regions like China,
India, and Indonesia, low production costs, presence of large number of component
producers, and low labor charges. APAC is likely to be followed by MEA (Middle
East & Africa) region in the forecast period.
Some of the key players that fuel the
growth of the atmospheric water generator industry comprise Dew Point
Manufacturing, WaterMicronWorld, Watair Inc., Dew Point Manufacturing, Ambient
Water, Water Maker India Pvt. Ltd., SaisonsTechnocom Pvt. Ltd., Planets Water,
Island Sky Corporation, Water Technologies International, Inc., Eurosport
Active World Corporation Technologies, Ecoloblue, Inc., Fujian Yuxin Electronic
Co., Ltd., Atlantis Solar, Konia, and Air2Water LLC. The leading companies are
taking up partnerships, mergers and acquisitions, and joint ventures in order
to boost the inorganic growth of the industry.
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