Global CNG Dispenser Market Overview
As per the report published by Market Research Future
(MRFR), the global CNG dispenser market is poised to attain a substantial
market valuation at a moderate 7.70% CAGR over the review period.
Drivers and Restraints
The CNG
Dispenser Market Manufacturers is touted to witness high growth during
the forecast period owing to the lesser running cost of natural gas vehicles.
Moreover, driven by the operative improvement program for light-duty vehicles
has caused cost decrease, and complexity in line is anticipated to fuel the
growth of the CNG dispenser market over the review period.
Segmental Analysis
The CNG Dispenser Market has been segmented on the
basis of type, distribution, and flow rate.
The types of CNG dispensers available in the market
are namely, fast filling and time filling. The distribution method of CNG
dispensers comprises of company-owned & dealer-run, company-owned &
company-run, and dealer-owned & dealer-run. The company-owned &
company-run segment is estimated to account for the largest share due to the improved
profitability. Based on the flow rate, the global CNG dispenser
market has into up to 15 kg/min, up to 50 kg/min, and up to 100 kg/min. among
these, the up to 100 kg/min segment is projected to dominate the market share
over the review period, and reach the highest growth rate, owing to the necessity
of light-duty vehicles for quick tank refills.
Regional Analysis
Based on the region, the global CNG dispenser manufacturers
market has been segmented into the Asia Pacific, Europe, North America, and the
rest of the world (RoW).
North America is one of the major regional markets in
the global CNG dispenser markets across the globe and is expected to witness
remarkable growth over the review period. This is accredited to the government
measures being undertaken for restricting emission levels in the region,
especially in developed countries such as Canada and the U.S., which have
lucrative automotive markets.
Asia Pacific is one of the most important regional
markets for CNG dispensers is likely to record a significant market share
during the forecast period. Extensive diversity of industry verticals,
including mining, manufacturing, textiles, oil & gas, and automation in the
region, is projected to drive the CNG dispenser market in the Asia Pacific
region. Asia Pacific is presently the primary market for CNG dispensers,
followed by Europe. Growing demand in the CNG vehicle is one of the significant
driving factors in the CNG dispenser market in this region. The rise of strict
emission norms in India to limit pollution is one of the chief driving factors
for market growth over the review period. India is one of the significant
country-wise contributors across the globe, for the global CNG vehicles market
with nearly about 60,000-70,000 units of CNG vehicles, which turns to drive growing
demand for CNG dispenser. The government has taken initiatives in favor of the
growth of the CNG dispensers market by exempting CNG vehicles from the strict
regulatory reforms to control pollution, consequential to the rising adoption
of CNG fitted cars. furthermore, the government is also focusing on the development
of fuel stations selling natural gas, therefore allowing the motorists and
personal car owners to shift to CNG.
Competitive Analysis
The key players of global CNG dispenser market
are Fortive (US), Censtar (China), Dover (US), FTI International (Canada),
Lanfeng (China), Tulsa Gas Technologies (India), Sanki (China), Scheidt &
Bachmann (US), Kraus (US), Compac (US), Bennett (US), Parker (US), Tatsuno
(Japan), WEH (Germany).
Read More: https://blog.naver.com/mrfr123/221643648768
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