MRFR has a newly added “Global CNG Dispenser Market Report” that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, and forecast in the coming years.
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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