CNG Dispenser Market predicted to grow at more than 7.88% by 2032
CNG Dispenser Market to grow at 7.88% CAGR by 2032
Pune, India, December, 2018 /MRFR Press Release/- Market Research Future published a half-cooked research report on global CNG dispenser market. The CNG dispenser market is expected to expand at 7.88% CAGR during the period 2024 to 2032.
CNG Dispenser Market Highlights
CNG dispenser is a filling equipment installed in gas station to fill the gas in the vehicles. CNG dispenser is capable of quickly refilling the empty fuel tank of vehicles. 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.
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.
The global CNG dispenser market is expected to grow at 7.88% CAGR during the forecast period.
Asia Pacific is estimated to be the fastest growing market for CNG dispenser.
Region wise, 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.
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of CNG dispenser Market Research Report
Scope of the Report
This report provides an in-depth analysis of the global CNG dispenser market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the CNG dispenser market by its type, power rating, end-user, and by region.
By Type
- Fast Fill
- Time Fill
By Flow Rate
- Up to 15 kg/min
- Up to 50 kg/min
- Up to 100 kg/min
By Distribution
- Company owned & company run
- Company owned & dealer run
- Dealer owned & dealer run
By Regions
- North America
- Asia-Pacific
- Europe
- Middle East & Africa
- South America
Key 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).