Global CNG Dispenser Market was valued at US$ 145.80 Mn in 2019 and is expected to reach US$ 280.90 Mn by 2026, at a CAGR of 8.54% during a forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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The CNG dispenser is an alternative in fuel dispensers, where the particular fuel that is compressed natural gas is impelled into the vehicles. The demand for CNG dispensers is increasing owing to their efficiencies includes low pollutants, high resilient heat content, great oily values, and very economical. Numerous type of alloys is used in manufacturing the dispensing equipment. Furthermore, easy conversion to biofuels is limiting the global CNG dispenser market growth.
Many of the vehicle manufacturers launching natural gas vehicles to market and increasing refilling structure are some of the opportunities for the global CNG dispenser market. Furthermore, increasing the manufacturing of electric vehicles is one of the major challenges for the global CNG dispenser market. These stations are largely provided for light-duty vehicles such as vans, pickups, and sedans, which arrive randomly and need to fill up fast.
The fast-fill segment is projected to hold a large share of the CNG dispenser market during the forecast period. The large market share is attributed to fast-fill stations that are regularly stored in containers at high service pressure, which helps in supplying the fuel faster.
A company-owned & company-run segment is expected to dominate the CNG Dispenser Market during the forecast period. The dominant position in the market is attributed to the operative improvement program decreases the cost and complexity in line. The prime purpose is to focus on the construction and size of the organization.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analyzing the market segments by material, type, end-user, and region and, projects the global market size.
Asia Pacific is expected to share a significant share in the global CNG dispenser market during the forecast period. A widespread multiplicity of industries includes manufacturing, mining, oil & gas, textiles, and automation in the region is projected to drive the CNG dispenser market in the Asia Pacific region. Asia Pacific is presently the major market for CNG dispensers, followed by Europe. Increasing demand for the CNG vehicle is one of the major key drivers in the CNG dispenser market in this region. The primer of strict emission norms in India to restrict pollution is one of the chief drivers for market growth. India is one of the main republics for the global CNG vehicles market with nearly about 60,000-70,000 units of CNG vehicles, which turns to drive increasing demand for CNG dispensers.
The government had exempted the CNG vehicles from the stringent regulation to control pollution leading to the rising adoption of CNG fitted cars. Moreover, the government is also working on expanding the fuel stations selling natural gas thus allowing the motorists and private car owners to shift to CNG.
The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global CNG dispenser market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
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Global CNG Dispenser Market, By Type
• Fast fill
• Time fill
Global CNG Dispenser Market, by Distribution
• Company owned & company run
• Company owned & dealer run
• Dealer owned & dealer run
Global CNG Dispenser Market, by Flow Rate
• Up to 15 kg/min
• Up to 50 kg/min
• Up to 100 kg/min
Global CNG Dispenser Market, by Geography
• North America
• Middle East & Africa
• South America
Key Players Operated in the Global CNG Dispenser Market
• Scheidt & Bachmann
• Tulsa Gas Technologies
• FTI International
• Korea EnE
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