Emerging Water Tech Collaborates with Giants A.O. SMITH & LOWE?S: Water Tech. (OTC: WTII) is about to Hydrate The WorldEmerging Water Tech Co Co...
Published on by Water Network Research, Official research team of The Water Network
Emerging Water Tech Co Collaborates with Giants A.O. SMITH & LOWE’S: Water Technologies Inc. (Stock Symbol: WTII) is about to Hydrate The World
Amid The Global Water Crisis, WTII has been granted many Water Patents and has evolved as a "Pure Water Play"
The global atmospheric water generator market is expected to reach USD 8.9 billion by 2027, expanding at a CAGR of 19.5%. Increasing consumer demand for atmospheric water generator (AWG) in industrial and commercial applications is expected to drive the market. Moreover, depleting freshwater reserves, particularly in Asia Pacific and Latin America region is anticipated to further propel market growth. Furthermore, various characteristics offered by AWGs such as high purity water output, and easy transport are expected to drive their demand in military applications over the forecast period.
Growing demand for AWGs to replace traditional supply units such as water pipelines, especially at industrial and commercial workplaces, is likely to open new avenues for the industry over the forecast period. However, high capital cost and energy consumption associated with the product are expected to hinder the market growth.
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