Latin America Atmospheric Water Generator Market Size & Outlook
Latin America atmospheric water generator market, 2018-2030 (US$M)
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Latin America atmospheric water generator market highlights
- The Latin America atmospheric water generator market generated a revenue of USD 456.1 million in 2023.
- The market is expected to grow at a CAGR of 9% from 2024 to 2030.
- In terms of segment, residential was the largest revenue generating application in 2023.
- Commercial is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 456.1 million |
| Market revenue in 2030 | USD 833.9 million |
| Growth rate | 9% (CAGR from 2023 to 2030) |
| Largest segment | Residential |
| Fastest growing segment | Commercial |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 18.6% of the global atmospheric water generator market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,722.4 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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Latin America 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.
Residential was the largest segment with a revenue share of 57.95% in 2023. Horizon Databook has segmented the Latin America atmospheric water generator market based on industrial, commercial, residential covering the revenue growth of each sub-segment from 2018 to 2030.
Central & South America has one-third of the global freshwater resources, amounting to over 22,929 cubic meters per person per year. However, these resources are unequally distributed across the region, wherein few areas have in abundance and few in deficit. The lack of infrastructure is responsible for the wastage of 40% of drinking water before it reaches consumers.
The depletion of freshwater resources coupled with consecutive years of drought in the Central & South America is expected to propel the demand for atmospheric water generators over the forecast period.
Cooling condensation atmospheric water generator (AWG) dominated the market owing to higher water generation output compared to wet desiccation AWG. Using liquid brine in place of crystalline brine owing to improved output efficiency is expected to augment the wet desiccation AWG market growth over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America atmospheric water generator market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America atmospheric water generator market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America atmospheric water generator market size, by country, 2018-2030 (US$M)
Latin America Atmospheric Water Generator Market Outlook Share, 2023 & 2030 (US$M)
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