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Compressed Natural Gas Cng Dispenser Market

Compressed Natural Gas (CNG) Dispenser Market Forecasts to 2028 – Global Analysis By Type (Time Filling, Fast Filling), Flow Rate (Up to 100 Kg/Min), Distribution (Dealer Owned & Dealer Run, Company Owned & Company Run) and By Geography

4.0 (55 reviews)
Published: December 2021 ID: SMRC21228
4.0 (55 reviews)
Published: December 2021 ID: SMRC21228

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Compressed Natural Gas (CNG) Dispenser Market is accounted for $152.97 million in 2020 and is expected to reach $445.62 million by 2028 growing at a CAGR of 14.3% during the forecast period. The growing concerns about the environment have led governments of several nations to reduce carbon emission and growth in CNG stations across the globe are the major factors propelling the market growth. However, the possible transition to biofuels is hampering market growth.

The CNG dispenser is a variant in fuel dispensers, where the respective fuel that is compressed natural gas is pumped into the vehicles. The demand for CNG dispensers is being increased due to the efficiencies of CNG i.e. low in pollutants, high in yielding heat content, great calorific values, and being very economical, etc. Various types of alloys are used in manufacturing dispensing equipment.

Based on the flow rate, the up to 100 kg/min segment is estimated to have lucrative growth during the forecast period. This type of flow is suited for light-duty vehicles that require quick filling. By geography, the Asia Pacific is going to have a huge demand during the forecast period due to a broad variety of industries such as manufacturing, oil & gas, textiles, and automation.

Some of the key players profiled in the Compressed Natural Gas (CNG) Dispenser Market include Bennett, Censtar, Compac, Dover, Fortive, FTI International, Gilbarco, Kraus, Lanfeng, Mahanagar, Neotec, Parker, Piusi, Sanki, Scheidt & Bachmann, Tatsuno, Tokhein, Tominaga, Tulsa Gas Technologies, and Wayne.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 152.97 million

Estimated Period:

2020

Compound Annual Growth Rate (CAGR)  from 2020 to 2028:

14.3%

Predicted 2028 Value:

USD 445.62 million

Forecast Years:

2021-2028

Tables, Graphs & Figures

75

Chapters Covered:

Type, Flow Rate, Distribution and Region

Core Drivers and Opportunities:

  • The rising popularity of CNG
  • The strict emission policies and low running costs of natural gas vehicles

Restraining Factors & Market Threats:

  • The possible transition to biofuels


 Types Covered:
• Time Filling
• Fast Filling

Flow Rates Covered:
• Up to 100 Kg/Min
• Up to 50 Kg/Min
• Up to 15 Kg/Min

Distributions Covered:
• Dealer Owned & Dealer Run
• Company Owned & Company Run
• Company Owned & Dealer Run

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Compressed Natural Gas (CNG) Dispenser Market is majorly driven by the low running costs of natural gas vehicles and growth in CNG stations across the globe.

The up to 100 kg/min segment is growing at the highest CAGR due to it being suited for light-duty vehicles that require quick filling.

North America dominated with a significant market share owing to the increasing automobile sector and concerns regarding environmental pollution in U.S. and Canada.

Asia Pacific market is growing at the highest CAGR due to the escalating population and increasing usage of automobiles in India and China.

Key players in Compressed Natural Gas (CNG) Dispenser Market include Bennett, Censtar, Compac, Dover, Fortive, FTI International, Gilbarco, Kraus, Lanfeng, Mahanagar, Neotec, Parker, Piusi, Sanki, Scheidt & Bachmann, Tatsuno, Tokhein, Tominaga, Tulsa Gas Technologies, and Wayne.

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