South Korea Atmospheric Water Generator Market Size & Outlook
South Korea atmospheric water generator market, 2018-2030 (US$M)
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South Korea atmospheric water generator market highlights
- The South Korea atmospheric water generator market generated a revenue of USD 138.2 million in 2023 and is expected to reach USD 272.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 10.2% from 2024 to 2030.
- In terms of segment, industrial was the largest revenue generating application in 2023.
- Commercial 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 138.2 million |
| Market revenue in 2030 | USD 272.0 million |
| Growth rate | 10.2% (CAGR from 2023 to 2030) |
| Largest segment | Industrial |
| Fastest growing segment | Commercial |
| 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, South Korea accounted for 5.6% 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 Asia Pacific, China atmospheric water generator market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 157.1 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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South Korea 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 69.1% in 2023. Horizon Databook has segmented the South Korea atmospheric water generator market based on industrial, commercial, residential covering the revenue growth of each sub-segment from 2018 to 2030.
According to the International Monetary Fund, the GDP growth of South Korea declined by 0.9% in 2020 in the wake of the COVID-19 pandemic According to the U.S. Department of State, South Korea is an attractive investment destination for foreign players largely because of its political stability, logistics, and information & communications infrastructure.
The U.S.-Korea Free Trade Agreement (KORUS), which came into force in 2019, further improved the investment inflow from the U.S. The water infrastructure in South Korea has been developed with several smart water management plans in place.
However, according to a report from International Water Resources Association (IWRA), people drinking from tap water is day by day decreasing due to distrust of citizens on aging pipelines and the taste. As per OECD, increasing population density and water scarcity, which is highest among OECD countries, is likely to create water crisis in the coming years.
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Our clientele includes a mix of atmospheric water generator market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea atmospheric water generator market , including forecasts for subscribers. This country databook contains high-level insights into South Korea atmospheric water generator market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea atmospheric water generator market size, by application, 2018-2030 (US$M)
South Korea Atmospheric Water Generator Market Outlook Share, 2023 & 2030 (US$M)
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