Canada Atmospheric Water Generator Market Size & Outlook
Canada atmospheric water generator market, 2018-2030 (US$M)
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Canada atmospheric water generator market highlights
- The Canada atmospheric water generator market generated a revenue of USD 44.8 million in 2023 and is expected to reach USD 80.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 8.8% from 2024 to 2030.
- In terms of segment, industrial was the largest revenue generating application in 2023.
- Industrial is the most lucrative application segment registering the fastest growth during the forecast period.
Atmospheric water generator market data book summary
| Market revenue in 2023 | USD 44.8 million |
| Market revenue in 2030 | USD 80.6 million |
| Growth rate | 8.8% (CAGR from 2023 to 2030) |
| Largest segment | Industrial |
| Fastest growing segment | Industrial |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Industrial, Commercial, Residential |
| Key market players worldwide | Akvo, Dew Point, Aqua Ray, WaterMaker India, Water Technologies International Inc, SkyWater Technology Inc, Drinkable Air Technologies, Energy And Water Development Corp, WaterGen, Air2Water, Ecoloblue JAPAN |
Other key industry trends
- In terms of revenue, Canada accounted for 1.8% of the global atmospheric water generator market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. atmospheric water generator market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 72.4 million by 2030.
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Atmospheric Water Generator Market Scope
Atmospheric Water Generator Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada atmospheric water generator market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to atmospheric water generator market will help companies and investors design strategic landscapes.
Industrial was the largest segment with a revenue share of 76.12% in 2023. Horizon Databook has segmented the Canada atmospheric water generator market based on industrial, commercial, residential covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Business Development Bank of Canada, the Canadian economy is expected to grow moderately in 2021, with a growth rate of around 4.5% in light of the widespread vaccine deployment.
The reopening of the U.S. economy is anticipated to have a positive impact on the Canadian economy on account of the growing exchange of goods and services among countries. Favorable economic growth is expected to open new avenues for the sales of atmospheric water generators in the country.
Canada has been facing clean water crisis for the past many years. The government of the country announced funding of USD 1.5 billion in December 2020 for tackling the water crisis in Canada. The demand for clean drinking water in the country, coupled with government efforts to provide clean drinking water, is expected to contribute to the growth of atmospheric water generator market in Canada over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada atmospheric water generator market , including forecasts for subscribers. This country databook contains high-level insights into Canada atmospheric water generator market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada atmospheric water generator market size, by application, 2018-2030 (US$M)
Canada Atmospheric Water Generator Market Outlook Share, 2023 & 2030 (US$M)
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