Atmospheric Water Generator Market Demand And Industry Growth Till, 2014 - 2024.

Atmospheric water generator (AWG) is a temperature driven machine that relies on the level of humidity present in the air. The factors that propel the growth of the atmospheric water generator market include increasing demand for product in large scale industries such as oil & gas, paper, and steel, growing urbanization in the nation, changing consumer lifestyle, infrastructural growth in developing countries, and rising industrialization. On the other hand, there are factors that may hamper the growth of the market including high capital cost. Atmospheric water generator industry is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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Atmospheric water generator (AWG) industry could be explored by product type, range, application and geography. The market could be explored by product type as Wet desiccation and Cooling Condensation. The “Cooling condensation AWG” segment led the atmospheric water generator (AWG) market in 2015 and is anticipated to maintain its dominance by 2024. The key factors that may be attributed to the growth of market include technological advancements and low cost. Based on range, the AWG industry could span 100L-250L, 20L-80L, and 500-3000L.

The key applications that could be explored in the AWG market include Commercial, Industrial and Residential. The “Residential” segment led the market of atmospheric water generator in 2015 and is anticipated to maintain its dominance by 2024. The key factors that may be attributed to the growth of market include high product installations in Latin America, increasing demand for pure water mainly in emerging countries including India and China and rising consumer awareness.

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