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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