The Global Atmospheric Water Generator (AWG) Market is expected to witness growth at a CAGR of over 20.1% in the forecast period (2016 to 2024). Rising demand for these products across large-scale industries; like oil & gas, steel, and paper should positively impact the industry. Moreover, technological improvements giving high water output also generate more sales.

Declining availability of fresh water resources along with higher infrastructural expenses are said to drive the industry. Prices of machines from different manufacturers vary depending on applications, product efficiency, and quality. Most market products need ample electricity which could be impossible at some places, restraining the growth of this market.

However, technological advancements in AWG products to provide on-board power supply; for example, solar panels can positively influence the industry during the next eight years. Also, several dealers in the supply chain may pose industry challenge, resulting in unwanted hold-ups through manufacturing. Hence, the incorporation of AWGs across the value chain would be the key to market sustenance from 2016 to 2024.

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However, high costs of industry products, along with high energy consumption, limit further penetration, especially in residential applications. Manufacturers will come up with innovative technologies and production methods to lower the overall costs of products to gain attention from residential & commercial users. The atmospheric water generator market is categorized into products, applications, and regions.

Products comprise cooling condensation and wet desiccation. Cooling condensation AWGs are the most commonly utilized. These generators occupied over 95 % of the total shares in 2015. Various technological developments related to lower power consumption & costs are projected to augment segment growth till 2024.