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Atmospheric Water Generator Market Dynamics | Trend Analysis | Forecast To 2024
by rahulkumar38471 · December 6, 2018
Global Atmospheric Water Generator (AWG) Market size is anticipated to reach USD 4.74 billion by 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 Cheap Jake Layman Jersey , paper, and steel, growing urbanization in the nation, changing consumer lifestyle, infrastructural growth in developing countries Cheap Shabazz Napier Jersey , 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.
Atmospheric water generator (AWG) industry could be explored by product type, range Cheap Kevin Garnett Jersey , application and geography. The market could be explored by product type as Wet desiccation and Cooling Condensation. The 鈥淐ooling condensation AWG鈥?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.
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The key applications that could be explored in the AWG market include Commercial, Industrial and Residential. The 鈥淩esidential鈥?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 Cheap Jeff Teague Jersey , increasing demand for pure water mainly in emerging countries including India and China and rising consumer awareness.
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