CNG Dispenser Market Current Trends, Opportunity, Sales Revenue and Growth by Forecast 2023

Posted September 9, 2019 by DhanashreePawar

CNG dispenser market is Projected to grow at 7.70% CAGR, Global CNG Dispenser Market Segmented by Type, Distribution, and Regions.

CNG Dispenser Market Scenario

CNG dispenser is an alternative to conventional fuel dispenser. It shows the pressure and temperature going into a tank and then displays that how many gasoline gallon equivalants (GGEs) are going into a vehicle. In order to reduce the environmental footprint and decrease the fuel cost, the operators are moving towards natural gas. There are mainly two types of CNG dispenser, mainly, fast fill and time fill. Fast fill dispenser are suitable for light-duty vehicles such as cars and vans, whereas time fill dispensers are designed based on the requirement. All these factors influence the cost of installation of both the types. The global CNG dispenser market is estimated to expand at 7.70% CAGR during the forecast period.

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The growing demand for CNG dispenser is attributed to the low running cost of natural gas vehicles. Moreover, stringent emission policies are also driving the market for CNG dispenser. One of the major restraints of the global CNG dispenser is easy availability and transition to biofuels which can hinder the market for CNG dispenser.

Industry Segmentation

Global CNG dispenser market has been segmented based on type, distribution, flow rate, and region. Based on distribution, the market is classified into company owned & company run, company owned & dealer run, and dealer owned & dealer run.

Based on type, the market is segmented into fast fill and time fill. Fast fill CNG dispenser segment dominates the market as growing natural gas fueled vehicles are driving the growth of the fast fill dispenser market. Whereas, in time fill CNG dispenser, the fleet manager can control when the tank of a vehicle is filled. These dispensers come with advance technology which comes with a control software allowing safe, accurate, temperature compensated fill for every vehicle.

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Regional Outlook

Asia Pacific held the largest market share of the global CNG dispenser market in 2017. It is estimated that Asia-Pacific region would also be the fastest growing market during the forecast period. Moreover, Asia-Pacific holds the largest number of natural gas stations as well as natural gas vehicles (NGVs) 18,509,677 and 18,735 respectively. This would positively impact the growth of CNG dispenser market.

Leading Players

The key players of the global CNG dispenser market are Fortive (US), Dover (US), Tulsa Gas Technologies (India), Scheidt & Bachmann (US), Kraus (US), Compac (US), Bennett (US), Censtar (China), FTI International (Canada), Lanfeng (China), Sanki (China), Parker (US), Tatsuno (Japan), WEH (Germany).

Scope of the Report

This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global CNG dispenser market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing & cost analysis

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Issued By MRFR
Country India
Categories Business , Energy
Tags cng dispenser market , cng dispenser market analysis , cng dispenser market demand , cng dispenser market growth
Last Updated September 9, 2019