CNG Dispenser Market Segmental Overview
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.
According to the Market Research Future (MRFR) forecast, over the review period, the global CNG dispenser market size is projected to attain a significant market valuation at a moderate CAGR of 7.70%.
Drivers and Restraints
The stringent emission policies in prominent countries and the rise in demand for natural gas vehicles are the major drivers that are projected to accelerate the growth of the global CNG dispenser market. Factors like the simple transition to biofuels can inhibit the growth of the market for CNG dispensers. Furthermore, increasing refueling infrastructure is likely to build business opportunities in developing countries. Due to its efficiencies, demand for CNG dispensers is growing, including low in contaminants, high in durable heat content, high oily values and quite economical. Numerous types of alloys are used to manufacture the dispensing equipment. In addition, ease of conversion to biofuels is restricting the growth of the global demand for CNG dispenser.
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.
Competitive Landscape
The key players identified by MRFR in the global CNG dispenser market manufacturers 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).
Browse Complete Report @ https://www.marketresearchfuture.com/reports/cng-dispenser-market-7001
Related Reports:-
Global Power tool battery Market Research Report- Forecast till 2027
Global Remote Renewable Management Systems Market Research Report- Forecast till 2027
Global Battery Analyzer Market Research Report- Forecast till 2027
Turbocompressor Market Research Report-Global Forecast till 2027
Industrial Waste Management Market Research Report – Forecast to 2027
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact:
Market Research Future
528, Amanora Chambers, Magarpatta Road, Hadapsar
Pune – 411028, Maharashtra, India
Email: sales@marketresearchfuture.com
Blog:https://www.mrfrblog.com/
