CNG Dispenser Market Overview:
CNG Dispenser Market share is expected to be valued at a global figure of USD 255.5 million by the end of the forecast period in 2027.
Our Market Overview and Regional Analysis provide an understanding of the industries, companies and products within the market. Our Trends section provides an analysis of how the market is currently performing and looks set to perform in the future. Our Growth Forecast section gives you an idea about how our Market Analysis works, by giving us further details on how we can build our Market Forecast model for a particular domain within this report. Lastly, in our Metrics section we outline important data points relating to each of these sections as well as our current forecasted price range.
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CNG Dispenser Equipment 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.
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.
Segmental Overview
The global CNG dispenser market has been analyzed based on type, distribution, and flow rate.
The types segment of CNG dispensers market is bifurcated into fast filling and time filling. The distribution method of CNG dispensers comprises company-owned & dealer-run, company-owned & company-run, and dealer-owned & dealer-run. The company-owned & company-run segment is projected to account for the largest share owing to the augmented profitability. By the flow rate, the global CNG dispenser market has been divided into up to 50 kg/min, up to 15 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 record the fastest growth rate, owing to the requirement of light-duty vehicles for quick tank refills.
Regional Analysis
Due to the growing number of vehicles running on natural gas, the Asia Pacific region is leading the global CNG dispenser market, as well as the number of refueling stations for these vehicles, and a few other factors. The region's large variety of industries including manufacturing, mining, oil & gas, textiles, and automation is projected to drive the Asia Pacific CNG dispenser industry. Actually Asia Pacific is the main market for CNG dispensers followed by Europe. Rising demand in the CNG vehicle is one of the key critical drivers in this region's CNG dispenser industry. In India, the implementation of strict emission standards to reduce emissions is one of the major factors driving the market growth. India is one of the leading republics on the global market for CNG vehicles, with almost 60,000-70,000 units of CNG vehicles, resulting in increased demand for CNG dispensers. The government had exempted CNG vehicles from the strict regulation to control emissions leading to the growing adoption of CNG-fitted automobiles. In addition, the government is also working to increase the fuel stations that sell natural gas, enabling commuters and private car owners to turn to CNG.
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Competitive Landscape
The key players identified by MRFR in the global CNG dispenser market are Scheidt & Bachmann (US), Bennett (US), Censtar (China), Fortive (US), Dover (US), FTI International (Canada), Compac (US), Kraus (US), Lanfeng (China), Tatsuno (Japan), Sanki (China), Parker (US), Tulsa Gas Technologies (India), WEH (Germany).
