Water Technologies International Inc (WTII)

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The global AWG market is expected to reach USD 4.74 billion by 2024, according to a new report by Grand View Research, Inc. Increasing installations of AWG at commercial places such as banks, educational institutes, and municipal agencies is anticipated to have a positive impact on the industry growth over the next eight years.

Atmospheric water generator requirements for industrial and commercial applications are formulated primarily on the basis of water output. Efforts taken by key manufacturers and research institutes to enhance performance efficiency and reduce power consumption is expected to open new avenues for the product over the forecast period. Capital investment, maintenance cost, and power consumption are the key criteria influencing the buyers, especially from the residential application. As a result, the industry players are expected to invest more on innovation in the existing manufacturing process and technology used for water generation.

The industry is in its nascent stages with a few number of manufacturers. Rising demand for the product, particularly in water deficit regions, is expected to foresee opportunities for new market players. However, a limited number of manufacturers in the market is expected to foresee price wars which are likely to increase industry rivalry over the forecast period. A large number of buyers for AWG are concentrated in Latin America and MEA owing to water scarcity issues in the region.