Atmospheric Water Generator Market Size, Share & Trends Analysis Report By Product (Cooling Condensation, Wet Desiccation), By Application (Industrial, Commercial, Residential), By Region, And Segment Forecasts, 2024 - 2030

Research Methodology

A three-pronged approach was followed for deducing the atmospheric water generator market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for atmospheric water generator market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of atmospheric water generator market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Atmospheric Water Generator Market Categorization:

The atmospheric water generator market was categorized into three segments, namely product (Cooling condensation, Wet Desiccation), application (Industrial, Commercial, Residential), and region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa).

Segment Market Methodology:

The atmospheric water generator market was segmented into product, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The atmospheric water generator market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into eighteen countries, namely, the U.S.; Canada; Mexico; Germany; France; Italy; Finland; the UK; Turkey; China; India; Japan; Australia; South Korea; Brazil; Argentina; UAE; Saudi Arabia.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Atmospheric water generator market companies & financials:

The atmospheric water generator market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• AKVO ATMOSPHERIC WATER SYSTEMS PVT. LTD. - Akvo Atmospheric Water Systems Pvt. Ltd., a subsidiary of the Trishan Group, is headquartered in Kolkata, India. The company specializes in the design and manufacture of atmospheric water generators (AWGs). These innovative generators are crucial in providing clean and safe drinking water to areas affected by water contamination, scarcity, and inaccessible purified water sources. The company's state-of-the-art manufacturing facility, spanning 10,000 sq. ft., is in Howrah, India. It is here that the complete range of AWGs is meticulously manufactured. Akvo Atmospheric Water Systems is committed to investing significantly in research and development activities to create cutting-edge machines capable of producing water with capacities ranging from 40 liters per day to 1000 liters per day. Furthermore, the company is actively involved in large-scale projects where the generated water from the air can reach impressive volumes, ranging from 5,000 to 80,000 liters per day. This demonstrates Akvo Atmospheric Water Systems' dedication to addressing the pressing issue of water scarcity and contamination on a grand scale.

• DEW POINT MANUFACTURING - Dew Point Manufacturing, established in 2003, is a privately owned organization headquartered in Vancouver, Canada. The company strategically targets regions with a humid and warm climate for its marketing campaigns. These regions primarily include Pacific countries, Southeast Asia, the coastal Middle East & North Africa, Central & South America, and South America. Dew Point Manufacturing specializes in developing and manufacturing air-water generation products for industrial and residential use. Their business model focuses on creating products suitable for various industries, such as mining, oil & gas, hotels & resorts, commercial construction, and military. Notably, all the products offered by the company are certified by FEMA (Federal Emergency Management Agency).

• RAY AGUA - Ray Agua, a corporation owned by private capital, was established in 2004. Its headquarters are situated in Aviles, Asturias, Spain. The company's research and development facilities, offices, and showrooms are exclusively in Spain. Ray Agua distributes its products to regions including Europe, Central and South America, and the Middle East and Africa. The company's research and development efforts have resulted in the creation of two distinct model units, with their applied technology and processes being authorized and patented by both the Spanish Health and Industry authorities and the European Union authorities. Under the brand name AQUAIR, Ray Agua sells atmospheric water generator products. These products are supplied to government offices, international schools, and military establishments.

• WATERMAKER INDIA PVT. LTD. - WaterMaker India Pvt. Ltd., established in 2004 and headquartered in Mumbai, India, specializes in the production and promotion of a diverse range of atmospheric water generators. With a presence in 32 countries worldwide, the company boasts a remarkable fleet of over 3000 operational AWG units. These cutting-edge devices are meticulously designed and developed to cater to various applications, including hospitals, households, hotels, sports clubs, canteens, and factories. WaterMaker India Pvt. Ltd. is actively supplying AWG devices to countries in the Middle East & Africa while also striving to expand its global network to encompass economies in South America and the Asia Pacific region.

• PLANETSWATER - PlanetsWater, a company based in the Isle of Man, UK, serves as the headquarters for the manufacturing and distribution of residential, commercial, and industrial atmospheric water generators. These generators are designed to produce hot and cold drinking water completely free from contaminants, viruses, and bacteria. Additionally, they are equipped with water storage tanks and function as air purifiers and dehumidifiers for the surrounding environment. With a focus on business expansion, PlanetsWater collaborates closely with its distributors. The company offers a master distributor license, which provides distributors with access to products at discounted prices. Furthermore, distributors have the opportunity to sell distributorships to third parties in different regions. To reach customers worldwide, PlanetsWater operates an online store where its products are available for purchase.

• WATER TECHNOLOGIES INTERNATIONAL, INC. (WTII) - Water Technologies International, Inc. (WTII) was initially established as Cypress International, Inc. in 1998 in Delaware, United States. In 2005, WTII merged with Latitude Industries, Inc., an organization based in Florida, and began operating under the name Latitude Industries, Inc. after relocating to Florida. However, in 2011, the company underwent a name change and became Water Technologies International, Inc. WTII functions as a holding company and oversees the production and distribution of a diverse range of products through its subsidiaries, which include GR8 Water, Inc., Aqua Pure International, Water Technologies International, LLC, and Water Zone, Inc. The company primarily focuses on the design, development, and distribution of Atmospheric Water Generators (AWGs) and associated products through its subsidiaries. GR8 Water, Inc., a subsidiary of WTII, manufactures AWG devices with varying capacities to cater to applications such as residential homes, offices, hospitals, schools, military and police facilities, and orphanages. These AWG generators have been installed in more than 24 countries worldwide.

• SKYWATER AIR WATER MACHINES - SkyWater Air Water Machines was founded in 2004 and has its headquarters in Los Angeles, United States. The company specializes in the production, development, and design of atmospheric water generators (AWGs). Its primary focus is supplying AWG devices to many customers worldwide. The company's AWGs are equipped with a unique patented system that efficiently converts air into water, making it adaptable to different climatic conditions. With a diverse range of specifications, the company offers AWG devices that can generate varying quantities of water to meet the specific needs of various applications.

• DRINKABLE AIR - Drinkable Air, a privately owned organization established in 2010, is headquartered in Fort Lauderdale, U.S. The company specializes in the production and promotion of different types of atmospheric water generators. As of May 2021, Drinkable Air serves customers worldwide, particularly emphasizing on economies in North Africa, the Middle East, and the Asia Pacific region. The AWG models, such as C3 and C8, incorporate a series of filters that purify the water and enrich it with essential minerals like magnesium, calcium, and carbonates. This mineral infusion helps maintain a healthy pH level in the water produced. Moreover, these products are compatible with various power sources, including solar, wind, solar-wind hybrid, and diesel generators. They are suitable for multiple applications, such as government facilities, hotels, hospitals, schools, offices, and residential households.

• HENDRX WATER - Hendrx Water, founded in 1993 and based in Fuzhou, China, specializes in the production and distribution of filtration products, water coolers, and water purifiers. The company has played a pioneering role in the mass production of atmospheric water generators and has a strong global presence in 65 countries. Its product range includes air-water coolers, water purifiers, commercial air water generators, filters, and parts. Hendrx Water is committed to investing significantly in marketing, manufacturing, and developing Filtration and RO Water Purification appliances and atmospheric water generators (AWGs). These AWGs offer cost-effective solutions for extracting water from the air and converting it into pure drinking water, effectively addressing the global drinking water shortage.

• ENERGY AND WATER DEVELOPMENT CORP. (EAWC) - EAWC, also known as Energy and Water Development Corp., was established in 2000 and has its headquarters in Miami, United States. The primary focus of this company is to provide green-tech energy solutions that cater to extreme environments, specifically in terms of energy and water delivery. Additionally, EAWC offers various services, including maintenance, construction, design, and specialized consulting, to multiple entities such as non-government organizations, government bodies, and private companies. The company's expertise lies in purifying and producing clean drinking water and generating energy through waste-to-energy processes. EAWC is dedicated to integrating different technologies to ensure a strong financial position, immediate returns on investments, and long-term sustainability throughout the projects.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Atmospheric Water Generator Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2023, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Atmospheric Water Generator Market Report Assumptions:

• The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.