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. Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19
on CNG Dispenser Market is
included in the present report.
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.
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).
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Covid19 and its impact on various industry verticals and wherever required we
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