Water scarcity – including availability and distribution, is one of a global challenge that requires immediate attention. A report from Global Market Insights, Inc on Global Atmospheric Water Generator (AWG) Market size indicated that the sector was worth USD 800 million in 2015 and is forecast to exceed USD 8 billion by 2024 driven by technological innovations.
In West Africa, Ghana and Nigeria will have a good prospect in positively influencing the market share growth of atmospheric water generator by residential application in the future as the countries have high investment in the construction sector. Increasing demand for large scale installations across residential buildings will favor the industry growth. From the report, atmospheric water generator market demand from residential is expected to install over 100 thousand units by 2024 and is predicted to gain over 30 per cent from 2016 to 2024. Atmospheric water generator market share from cooling condensation is predicted to growth over 30% from 2016 to 2024. Advancement of technology with growing demand for water from dry zones may further complement the business growth.
Water resource challenges keeps increasing as climate change threatens water availability, alternating rainfall patterns – causing severe floods and droughts across the globe, and diminishing the existence of fresh water bodies and accessibility potable water. More so, the impacts are being quickened with continuous infrastructure development in developing countries which will stimulate global atmospheric water generator market size.
Global Market Insights, Inc conducted the study on key industry insights on Atmospheric Water Generator (AWG) sourced across the globe and spread across 167 pages with 256 market data tables & 11 figures & charts reporting on “Atmospheric Water Generator (AWG) Market Size By Product (Cooling Condensation, Wet Desiccation), By Application (Industrial, Commercial, Residential), Regional Outlook (U.S., Germany, UK, France, Italy, China, India, Indonesia, Malaysia, Thailand, Australia, Brazil, South Africa, Saudi Arabia, UAE), Growth Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2024.”