Atmospheric Water Generator Market is set to see healthy CAGR during 2019 to 2026

As per a recent research report by Global Market Insights, Inc., Atmospheric Water Generator Market is estimated to exceed $16 billion through 2026. Rising global population, inadequate water infrastructures, growing incidence of droughts and increasing water prices, have accelerated the requirement atmospheric water generators. Middle East and Africa atmospheric water generator market is projected to witness prominent growth given to declining reserves of potable water and the region’s high atmospheric humidity. High cost for water desalination for application across agricultural and industrial spheres has promoted the use of atmospheric water generators. The medical and health sector also demands safe and sterilized drinking water to prevent water-borne diseases. This may stimulate the adoption of atmospheric water generators in MEA.

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Atmospheric water generators basically work on the principle of water condensation. It extracts water vapor from the air via three steps, which includes cooling the air below dew point, pressurizing the air and exposing it to desiccants. The extracted water is then filtered multiple times to remove unwanted particles so that it could be made ideal for drinking.

Citing market analysis, the atmospheric water generator market is categorized into cooling condensation and wet condensation segments. Of these two, cooling condensation AWG market is expected to witness increased traction owing to its superior functional and cost-effective advantage over wet condensation products. The product is playing a pivotal role in addressing water scarcity issues across the world. Rising concerns like water shortage, inefficient water infrastructures and soaring municipal water costs may augment cooling condensation segment size.

As per application, the global atmospheric water generator market is divided into the residential, industrial and commercial sectors. As per a World Bank report, industrial businesses utilize around 20% of overall water for applications like fabricating, washing, diluting, processing and cooling. Burgeoning demand for water by numerous industries coupled with strict regulatory guidelines regarding water consumption may influence atmospheric water generator sales in the industrial sector.

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In a nutshell, global atmospheric water generators is poised to accrue noteworthy sales from the industrial sector followed by fast growth trajectory in the commercial and residential verticals. Market players operating in this industry meanwhile are being involved in partnerships and collaborations to enhance their technological know-how. Such strategies would help companies develop cutting edge products with lower maintenance, installation cost, and improved production efficiency.

Browse key industry insights spread across 250 pages with 137 market data tables and 54 figures & charts from the report, "Atmospheric Water Generator Market Size By Product (Cooling Condensation, Wet Desiccation), By Application (Industrial, Commercial, Residential), Industry Analysis Report, Regional Outlook (U.S., Germany, UK, France, Italy, China, India, Indonesia, Malaysia, Thailand, Australia, Brazil, South Africa, Saudi Arabia, UAE), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026" in detail along with the table of contents:https://www.gminsights.com/industry-analysis/atmospheric-water-generator-awg-market

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