Global CNG Dispenser Market Overview:
According
to the report by Market Research Future (MRFR), the global CNG
Dispenser Market is poised to acquire a substantial market valuation at
a moderate 7.70% CAGR over the review period.
Segmental Analysis
The
global market for CNG dispenser has been segmented on the basis of type,
distribution, and flow rate.
The
types of CNG dispensers available in the market are fast filling and time
filling. The distribution method of CNG dispensers includes company-owned &
company-run, company-owned & dealer-run, and dealer-owned & dealer-run.
The company-owned & company-run segment is estimated to account for the
largest share owing to the increased profitability. Based on the
flow rate, the global CNG dispenser market has been segmented into up to 50
kg/min, up to 15 kg/min, and up to 100 kg/min. The up to 100 kg/min segment is
predicted to lead the market share over the review period, and record the
highest growth rate, owing to the requirement of light-duty vehicles for quick
tank refills. Moreover, owing to the operational improvement program for light-duty
vehicles has resulted in cost reduction, and complexity in line is expected to
fuel the growth of the CNG dispenser market.
Regional Analysis
On
the basis of region, the global CNG dispenser market has been segmented into
the Europe, Asia Pacific, 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 likely to witness remarkable growth over the
review period. This is attributed to the government measures being undertaken
for curbing emission levels in the region, especially in developed countries
such as Canada, and the U.S., which established automotive markets.
Asia
Pacific is one of the most important regional markets for CNG dispensers is
expected to record a significant market share during the forecast period. Extensive
diversity of industry verticals, including manufacturing, mining, oil &
gas, textiles, 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. Increasing demand in the CNG
vehicle is one of the significant critical drivers in the CNG dispenser market
in this region. The primer of strict emission norms in India to restrict
pollution is one of the chief drivers for market growth. 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
increasing 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, resulting in the growing
adoption of CNG fitted cars. furthermore, the government is also focusing on the
expansion of fuel stations selling natural gas, therefore allowing the
motorists and personal car owners to shift to CNG.
Competitive Landscape
The major market players identified by
MRFR in the global CNG dispenser market are Bennett (US), Censtar
(China), Dover (US), FTI International (Canada), Fortive (US), Compac (US),
Kraus (US), Lanfeng (China), Sanki (China), Parker (US), Scheidt & Bachmann
(US), Tatsuno (Japan), Tulsa Gas Technologies (India), WEH (Germany).
Industry News
July 2019: GAIL Gas Ltd., a subsidiary of GAIL
(India) Ltd., strengthened CNG
infrastructure (cascades, compressors, dispensers, and others) in several
districts in India, with the focus on Jharkhand and Karnataka districts.
June 2019: Tatsuno Europe, a leading global
manufacturer, of fuel dispensers and other related solutions under Tatsuno
Corporation, commenced production of fuel dispensers in the newly renovated
factory set up in Blansko, Czech Republic. The factory was under renovation to
incorporate advancements as the organization’s initiative to meet growing
consumer expectations.
About Market Research Future:
At Market Research Future (MRFR), we enable our
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