AWG growth in 2020 and beyond
About two decades ago, atmospheric water generators (AWGs) first became available for commercial and home use. A simple way to explain these machines is that they convert air to water, but a deeper explanation shows that energy sources, air intake methods, filtration, and more present challenges and complexities to scaling up this incredible technology. To date, these obstacles have prevented AWGs from playing a larger role in combating the global water crisis, but the future of the global AWG market is promising. In fact, the global AWG market has consistently expanded since these machines were introduced, a trend set to continue into the next decade.
How the AWG market looks now
Currently, the global market size for AWGs is 100 million USD. In 2013, the global market size for AWGs was just over 60 million USD, representing a 66.6 percent increase in just six years. The majority of AWG production and research comes from a variety of regions, including the U.S., Mexico, Turkey, and Korea. These reports also indicate Egypt and Israel are also among the world’s leaders in AWG technology and development.
How the AWG market is expected to grow
Recent studies have shown that, between now and 2024, AWGs will experience a 25.6 percent compound annual growth rate (CAGR). This will lead to a global market size of 310 million USD, more than three times the current size. Additionally, the global AWG market’s year-over-year growth rate is estimated to be 22.32 percent, with 35 percent of this growth coming from AWG research and development in China, Korea, Japan, and Australia.
Why the AWG market is expected to grow
Studies describe the AWG market as fragmented, meaning that many companies, rather than just a few, are responsible for the market size of AWGs. Additionally, solar-powered AWGs have become more common, removing a key energy creation and consumption barrier that has prevented AWGs from occupying more space in the water technology market. These AWGs are also growing more common in sun- and heat-heavy areas, such as market-leaders Egypt and Israel, and refugee camps that may not have direct links to existing water infrastructure.
Technologies that could cause the AWG market to grow
Currently, AWGs that generate water via the cooling method rather than wet desiccation comprise 95 percent of the AWG market, since cooling-based AWGs are far more efficient. Scientists are developing technologies that could further increase the efficiency of AWGs, including advanced filtration, sustainable hybrid energy, asphalt solar collection, electrically bolstered harvesting, and advanced oxidation. As long-standing AWG issues with energy, purification, and efficiency are addressed, the AWG market will encounter fewer obstacles to increased market size – and Oxydus is offering an especially radical, technology-driven solution.
How Oxydus AWG factories will impact the AWG market
Among the key findings of recent market share studies are that an increasing number of AWG groups and the wider spread of solar-powered AWGs are increasing the global AWG market size. Oxydus, one of the many groups contributing to the global AWG market size, has devised a radical AWG solution powered entirely by solar energy.
Oxydus conducts AWG in factories controlled to achieve massive volumes of water output. These factories can be built anywhere in the world to generate 10,000 liters of water per day from the air. Whether in heavily populated urban settings or sparsely populated rural areas, Oxydus AWG factories represent the next frontier in AWG technology.
Oxydus AWG factories first take in air from the outside world. This air is then passed through state-of-the-art bag filters that remove environmental pollutants. The purified air is then transported to a chamber where AWG occurs.
In this chamber, temperature and humidity are maintained at levels that result in a maximum volume of water output. Some of this water is reserved for later use in the event of an especially dire water shortage, and the rest of this water is passed through another series of advanced filters to ensure thorough purification. This water is then mineralized according to regional government standards and packaged into biodegradable water bottles for distribution to any communities in need of water.
AWGs will inevitably grow in market size, and Oxydus AWG factories represent the sector’s most forward-thinking solution to the global water crisis. Click here to visit the Oxydus Wefunder page and learn how you can contribute to a permanent infrastructure that could help to provide clean water for all.