According to Fortune Business Insights The global atmospheric water generators market growth is expected to touch USD 6,214.9 million by 2027 on account of the rising demand for potable water and decline in the availability of freshwater. As per a recent report published by Fortune Business Insights. The value of this market was USD 1,940.8 million and will rise at a CAGR of 18.1% between 2020 and 2027.

The COVID-19 pandemic has left us all devastated. We are at a point of crisis where most businesses are shut temporarily, hampering the overall world economy. Some businesses are barely able to manage meagre revenue by working from homes. We however, soon hope to fight back this pandemic by following the government regulations and measures.

Industrial Segment Gained Dominance Owing to High Demand for Water

The global market for atmospheric water generators is dominated by the industrial section based on segmentation by application with a 74.5% share earned in 2019. The growth of this section is attributed to the large quantity of water used in industries and manufacturing units. Large scale industries are now acquiring economical and sustainable water solutions such as atmospheric water generators to meet the increasing demand for water.

Regional Analysis-

Additionally, North America earned 217.8 million in 2019 and Asia Pacific is expected to rise at a CAGR of 21.1% in the forecast period accountable to the increasing water scarcity problems in South-east Asian Nations.

Information Source:

https://www.fortunebusinessinsights.com/atmospheric-water-generator-market-103321