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Global Atmospheric Water Generator (AWG) Market size is projected to touch $9.31 billion mark by end of 2022 and register CAGR of 37.41% during forecast timeframe. Diminishing fresh water accessibility and decreasing water resources along with increasing demand of fresh water for drinking and industrial purpose is predicted to drive industry growth in future.
Per capita water accessibility has fallen substantially during last few years. Growing temperatures and scarce rainfall has resulted in drying of lakes and river fronts causing shortage of water. Further, rising industrialization and infrastructural growth specifically in emerging economies has given rise to water scarcity. All these factors are predicted to drive the industry growth.