Atmospheric Water Generator Market Share, Demand, Industry Size, Future Growth By 2027

Key Companies Covered are Water-Gen Ltd. (North Carolina, USA), Akvosphere (West Bengal, India), Drinkable Air Technologies (Florida, USA), Eshara Water (Abu Dhabi, UAE), Water Technologies International, Inc. (Florida, USA), Clean Wave Products (USA), Atmospheric Water Generator, LLC (Flo

According to Fortune Business Insights The globalatmospheric water generator market is expected to touch USD 6,214.9 million by 2027 on account of the rising demand for potable water and decline in the availability of freshwater. As per a recent report published by Fortune Business Insights. The value of this market was USD 1,940.8 million and will rise at a CAGR of 18.1% between 2020 and 2027.

Information Source:

https://www.fortunebusinessinsights.com/atmospheric-water-generator-market-103321

Drivers Restraints-

Advent of Smart Technology into Water Generators to Add Impetus

The rise in industrialization and urbanization have led machines to overpower natural habitat. A decline in freshwater sources has been observed so as to provide more space for new buildings and recreational spaces. The decline in the level of freshwater sources, coupled with the increasing industrialization and urbanization are the key factors promoting the atmospheric water generators market growth. Besides this, the stringent regulations imposed on environment and water safety will also aid in favor of the market.

Industrial Segment Gained Dominance Owing to High Demand for Water

The global market for atmospheric water generators is dominated by the industrial section based on segmentation by application with a 74.5% share earned in 2019. The growth of this section is attributed to the large quantity of water used in industries and manufacturing units. Large scale industries are now acquiring economical and sustainable water solutions such as atmospheric water generators to meet the increasing demand for water.

Competitive Landscape-

Companies Introducing New Products to Earn Lions Share

Some of the companies operating in this market are engaging in new product launches and are therefore investing heavily in latest technology. Other vendors are engaging in joint ventures and partnerships to collaboratively earn significant revenues, thereby making a significant remark in the market competition.

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