CNG Dispenser Market
A fuel dispenser is a machine used to pump petroleum, CNG, LPG, etc. Generally, dispensers are found at fuel filling stations. In the modern world, CNG has emerged as the most feasible substitute for conventional energy resources, especially in the automotive sector. Owing to the stringent government rules and regulations against air pollution and carbon dioxide emissions, the use of traditional fuels is diminishing. Additionally, when it comes to abundance and availability, CNG is available across all the regions in the world. There are two types of CNG dispensers—mother station and child station. The mother station is connected to the main pipeline and has high compression capacity. In case of child station, the mobile cascade is used for dispensing CNG.
The CNG dispenser market is experiencing a high growth rate in both the developed and developing countries. The ongoing government initiatives across the globe to reduce carbon dioxide emissions are likely to boost the market's growth and development. There has been a significant shift from traditional fuel to CNG. Automobile companies are investing in their R&D to develop CNG engines for their vehicles, as CNG causes minimal air pollution as compared to conventional fuels, like gasoline. High calorific value, high energy density, and high combustion power are a few advantages of CNG. Furthermore, owing to its abundance and availability, CNG is gaining popularity. However, the rising emergence of biofuels and its popularity might pose a threat to the growth of the market. The increasing demand for energy-efficient fuels is likely to have a positive impact on this market. Additionally, the growing demand for high-performance vehicles due to the rising per capita of people is likely to fuel the expansion of the global CNG dispenser market in the forecast timeframe.
By type, the CNG dispenser market is bifurcated into time fill and fast fill. By distribution, the CNG dispenser market is categorized into company owned and company run, company-owned and dealer run, and dealer own and dealer run. By flow rate, this market is bifurcated into up to 100kg/min, up to 15 kg/min, and up to 50 kg/min.
Asia Pacific is the highest growth rate in the global CNG dispenser market in the forecast timeframe. The growth of this regional market is due to the improved and ongoing technological advancements made in the automobile sector. The increasing demand for the energy-efficient and fuel-efficient vehicles due to the rising per capita income level of people is likely to foster this regional market’s growth. North America is predicted to hold a substantial revenue share in the global CNG dispenser market. The stringent government rules against air pollution and carbon dioxide emissions coupled with the ongoing initiatives to replace traditional old fuel vehicles with new CNG in the region are likely to boost the development of the CNG dispenser market.
Some of the industry players operating in the CNG dispenser market include Compac, Bennett, Kraus, Censtar, FTI, Lanfeng, Sanki, Scheidt& Bachmann, Parker, Tulsa, Tatsuno, Dover, and Fortive.