Cooling Condensation Atmospheric Water Generator (AWG) Market

Global Cooling Condensation Atmospheric Water Generator (AWG) Market Size (2024 to 2029)

The Global Cooling Condensation Atmospheric Water Generator (AWG) market is predicted to reach USD 0.41 billion in 2024 and USD 0.81 billion by 2029, growing at a CAGR of 14.5% during the forecast period.

Current Scenario of the Global Cooling Condensation Atmospheric Water Generator (AWG) Market

The device is known as an atmospheric water generator (AWG) that extracts water from humid ambient air. Water vapor can be removed from the air that is below its dew point by condensation, subjecting the air to desiccants or pressurizing the air. An AWG is a device that purifies water such that it may be drunk by humans. Condensation is a common occurrence during the cooling process. Cooling condensation systems function by condensing humid air and lowering the temperature to the point where the water vapor condenses into dew. It has become the most popular system due to its ease of use and great efficiency. It is critical to have a thorough understanding of condensation in order to properly handle it. Cooling Condensation is a fully natural phenomenon, but it may cause catastrophic harm to enclosed equipment if it is not properly managed. AWGs are used to acquire water when clean drinking water is difficult or impossible to obtain since there is almost always a small quantity of water in the air that can be collected from the atmosphere.

MARKET DRIVERS

The Global Cooling Condensation Atmospheric Water Generator (AWG) Market is being driven by rapid urbanization and population expansion. Because of the scarcity of freshwater caused by the drying of lakes and rivers as a consequence of decreased rainfall and high temperatures, the Global Cooling Condensation Atmospheric Water Generator (AWG) Market is expected to grow. As the public becomes more aware of waterborne illnesses and the legislation that governs them, the need for AWGs will increase all over the world. Water safety standards and regulations are being developed, adopted, and effectively implemented by a number of government bodies and international organizations. The Cooling Condensation Atmospheric Water Generator (AWG) market will benefit from rising expenditures in infrastructure expansion and industrial growth, which are expected to enhance freshwater demand for industrial and residential uses. Because of the high-quality water provided by this system, Cooling Condensation Atmospheric Water Generators are gaining popularity in a variety of organizations, including banks, municipal agencies, schools, and hospitals. Agriculture, tourism, construction, and other industries are also driving the market for Cooling Condensation Atmospheric Water generators (AWG).

MARKET RESTRAINTS

The market's growth would be hampered by the high cost of installing a generator and the constant need for power. High power consumption of AWG systems, as well as greenhouse gas emissions that contribute to environmental damage, are some of the market's restraints.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Cooling Condensation Atmospheric Water Generator (AWG) Market By Type

The 100 and 5000-liter-per-day segment is said to be dominant in the Global Cooling Condensation Atmospheric Water Generator (AWG) Market. For as low as eight cents a gallon, the generator-powered system can produce up to 450 gallons of clean water every day. It takes roughly 310 watt-hours of energy to generate a liter of drinking water, which is little more than a quart.

Global Cooling Condensation Atmospheric Water Generator (AWG) Market By Application

The industrial sector is expected to be the largest share of the Global Cooling Condensation Atmospheric Water Generator (AWG) Market. Atmospheric water generation (AWG) is a technique for extracting drinkable water from the atmosphere. This has the potential to increase the availability of water during shortages, pollution incidents, and other problems that might cause drinking water supplies to be disrupted. Natural calamities, such as storms, or public water structural problems, such as pipe corrosion causing pollution concerns, have piqued awareness in AWG technology as a short- and long-term supply option.

REGIONAL ANALYSIS

North America holds a significant amount of share in the global cooling condensation AWG market. the rise of the market is because of rising expenditures on infrastructure expansion and industrial growth, and there is a growing awareness of AWG. Countries like the United States, Canada, and Mexico are helping in the development of the global market.

Europe holds the second-largest share in the global Cooling Condensation Atmospheric Water Generator (AWG) market. The need for Cooling Condensation Atmospheric Water Generator (AWG) business has risen due to agriculture, tourism, construction, etc. industries, and the also the rapid advancement is increasing the demand for AWG in countries like the United Kingdom, Russia, Germany, France, and Italy.

Asia Pacific holds a significantly larger share in the global Cooling Condensation Atmospheric Water Generator (AWG) market. Electric boats are increasing market share. People in nations such As China, Japan, Indonesia, India, and Malaysia are boosting the growth of the market.

KEY MARKET PLAYERS

The key players in the cooling condensation atmospheric water generator (AWG) market are Hendrx Corporation, Ambient Water, Inc., Island Sky Corporation, and WaterMaker (India) Pvt. Ltd, Drinkable Air Inc., Water Technologies International, and Adder Hill.

RECENT HAPPENINGS IN THE MARKET

• In September 2021, Ed Russo, CEO of RussKap Holdings, joyfully announced that the company had received fresh orders for several Atmospheric Water Generators for the home and workplace (AWGs). The US Department of Defense (DoD) acquired these AWGs to deliver high-quality, clean drinking water to various military units around the Pacific.
• In March 2020, the Energy and Resources Institute (TERI) and Maithri Aquatech signed a memorandum of understanding (MOU) to help the Indian government realize its goal of providing universal access to drinking water using an innovative 'Air to Water technology. MEGHDOOT is an Atmospheric Water Generator (AWG) and remineraliser that condenses, gathers, and creates safe drinking water from air moisture. The collaboration by TERI and Maithri will provide proof of the increased acceptance of 'air to water' technology in India.

DETAILED SEGMENTATION OF THE GLOBAL COOLING CONDENSATION ATMOSPHERIC WATER GENERATOR (AWG) MARKET INCLUDED IN THIS REPORT

This research report on the global cooling condensation atmospheric water generator (AWG) market has been segmented and sub-segmented based on type, application, and region.

By Type

• 100 Liters per Day
• 100 and 5000 Liters per Day
• More than 5,000 Liters per Day

By Application

• Residential
• Commercial
• Industrial

By Region

• North America
• Europe 
• Asia Pacific 
• Latin America
• Middle East and Africa