Fuel dispenser market is anticipated to grow at a considerable CAGR of 4.5% during the forecast period. Fuel dispensers are largely used to offer easy access to different kinds of fuels, including diesel, liquefied petroleum gas (LPG), diesel, and compressed hydrogen. In addition to being used at filling stations, fuel dispensers are also used at other locations such as ranches and farms, or airports. The increasing number of national and international transportation activities coupled up with the rapid growth of the automotive industry is expected to boost the usage of fuel dispenser systems. As per the data of Organisation Internationale des Constructeurs d’Automobiles (OICA), all types of vehicle sales reached 44,401,850 units from January-June 2021, globally, which is more than 29% of sales compared to January-June 2020. Additionally, the increasing acceptance of dual-fuel or multi-fuel vehicles is creating several growth opportunities for the global fuel dispensers market. For instance, according to the Director of the National Iranian Oil Refining and Distribution Co. (NIORDC)”s CNG programs, around 132,000 public transport vehicles are going to become dual-fueled across the country by end of 2022.
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Among the fuel type, the CNG sub-segment is expected to witness the fastest growth owing to the growing environmental concerns and favorable government initiatives to achieve carbon-free emissions. Governments of developed and developing countries are implementing favorable policies and proposing subsidies to promote the utilization of compressed natural gas (CNG)-fueled vehicles, which would hold significant growth opportunities for the market. for instance, In 2017, Volkswagen Group, operators of CNG filling stations signed a joint declaration of intent, committing themselves to the extension of CNG mobility. The initiative aims to expedite the extension of the CNG filling station network in Germany to increase it from 900 locations to 2,000 by 2025. This approach is in line with the alternative fuel strategy of the European Union and the announcements made by the Federal Government in its climate protection plan 2050.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Fuel Dispenser Market by Fuel Type
- Petrol/ Gasoline
- Diesel
- Compressed Natural Gas (CNG)
- Biofuel
- Others
Global Fuel Dispenser Market by Dispenser System
- Submersible System
- Suction System
Global Fuel Dispenser Market by Flow Meter
- Mechanical
- Electronic
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Beijing SANKI Petroleum Technology Co., Ltd. (SANKI Industry Group)
- Bennett Pump Co.
- Censtar Science & Technology Corp., Ltd.
- Dover Fueling Solutions
- Europump
- Gilbarco Veeder-Root Ltd.
- KoreaEnE Co, Ltd.
- Lanfeng Technology Inc.
- Piusi S.p.A.
- SCHEIDT & BACHMANN TUBS d.o.o.
- Spyrides SA (NEOTEC)
- Tatsuno Corp.
- Tominaga Co.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Fuel Dispenser market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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