PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1489954
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1489954
US Atmospheric Water Generator Market is valued at approximately USD 471.15 million in 2023 and is anticipated to grow with a healthy growth rate of more than 11.94% during the forecast period 2024-2032. An Atmospheric Water Generator (AWG) extracts potable water from humid ambient air using methods such as condensation, desiccants, membranes, fog collection, or air pressurization. AWGs are invaluable where potable water access is limited and can operate with varying energy inputs or passively, mimicking natural temperature differences. Biomimicry studies have demonstrated the efficiency of the Stenocara gracilipes beetle in this process.
The robust demand for Atmospheric Water Generator (AWG) units in the industrial sector is due to the product's capability to produce over 75,000 liters of water per day. Additionally, climate change in certain regions of the U.S. has led to droughts, further accentuating the need for such water generation solutions which have bolstered the performance and dependability of the US Atmospheric Water Generator Market.
The assistance provided by the United States Government in the deployment of Atmospheric Water Generators (AWGs) inaccessible areas of the region aims to ensure prompt and sufficient access to potable water and drives the market on a huge scale. Factors such as climate change, insufficient rainfall, rapid urbanization, industrialization, and population growth are contributing significantly to the decline in freshwater resources, thereby driving extensive growth in the US Atmospheric Water Generator Market. Furthermore, governmental investments and strategic business activities, such as partnerships, mergers, and acquisitions by major corporations, complement the growth of the US Atmospheric Water Generator Market. Nevertheless, significant apprehensions surrounding atmospheric water generators include their considerable initial investment and maintenance expenses, which pose notable challenges for residential users. The expansion of the residential segment within the US market from 2022 to 2032 is hindered by consumers' constrained purchasing capacity. Moreover, the elevated installation costs linked with atmospheric water generators further inhibit market growth.