CNG Dispenser Market is expected to grow at a robust CAGR

Global CNG Dispenser Market is expected to grow owing to increasing number of CNG vehicles around the world and various government policies throughout the forecast period.

 

According to TechSci Research report, “CNG Dispenser Market - Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028”, the Global CNG Dispenser Market is expected to register robust growth during the forecast period. The Global CNG Dispenser Market is propelled by several factors, including the surging demand for clean-burning fuel, the increasing adoption of natural gas vehicles (NGVs), and government initiatives to promote the use of natural gas as a transportation fuel. Moreover, the cost advantage of natural gas compared to conventional fuels like gasoline and diesel is bolstering the demand for CNG dispensers. The mounting awareness of environmental concerns and the imperative to reduce greenhouse gas emissions are also contributing to the market's growth, given that CNG is deemed a more environmentally friendly fuel alternative. Lastly, the expanding availability of CNG refueling stations and the advancement of new technologies are expected to further propel the growth of the CNG Dispenser Market.

Certain vehicles and transportation systems are increasingly adopting hybrid fuel systems, capable of utilizing multiple fuels such as CNG, liquefied natural gas (LNG), and gasoline or diesel. CNG dispensers play a vital role in refueling these hybrid vehicles. The utilization of biogas and RNG as sources of CNG is gaining momentum. These fuels, derived from organic waste materials, present a renewable and low-emission alternative to conventional natural gas.

 

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Based on type, Time fill segment is expected to dominate the market during the forecast period. Governments worldwide have embarked on active promotion of CNG as a cleaner transportation fuel. Various incentives, subsidies, and regulatory measures were introduced to stimulate the adoption of CNG-powered vehicles and dispenser infrastructure. CNG dispenser technology underwent significant advancements, leading to the emergence of smart dispensers equipped with digital controls, remote monitoring, and data analytics capabilities. Integration of payment and authentication systems further enhanced user convenience and security. From 2021, there has been a rapid global transition to cleaner transportation fuels, fueled by ambitious sustainability goals set by governments and businesses. This transition has driven the demand for CNG dispensers and infrastructure. CNG dispensers have progressively become more digitized, with data analytics and remote monitoring playing a pivotal role in optimizing dispenser performance and maintenance. Notably, user-friendly interfaces have significantly improved the overall customer experience. Government support for CNG as a sustainable transportation fuel is expected to continue, emphasizing regulatory measures, incentives, and subsidies. The projected growth of the CNG dispenser infrastructure will make CNG more accessible to consumers and fleet operators, facilitated by strategic placement along transportation routes and in urban centers.    

Based on flow rate, Up to 100 kg/min segment is projected to dominate the market throughout the forecast period. The "Up to 100 kg/min" segment in the Global Compressed Natural Gas (CNG) Dispenser Market represents a category of CNG dispensers that have flow rates capable of delivering up to 100 kilograms of CNG per minute. These dispensers cater to a range of applications, including light-duty vehicles and some medium-duty and commercial vehicles. CNG dispensers in this segment are commonly used for refueling passenger cars and light-duty trucks, which have smaller CNG storage tanks and lower fuel consumption rates. In urban areas where pollution and emissions are a concern, there is a growing demand for CNG as a clean transportation fuel. Dispensers with flow rates up to 100 kg/min are suitable for refueling city buses and taxis. Infrastructure development for dispensers in the "Up to 100 kg/min" segment includes the establishment of various station types, such as fast-fill stations for light-duty vehicles and time-fill stations for fleets. Dispensers in this segment incorporate flow control technology to ensure accurate and consistent fueling rates, preventing overfilling and ensuring safe refueling. The adoption of dispensers with flow rates up to 100 kg/min can vary by region, depending on market maturity, government incentives, and the availability of CNG vehicles. One of the primary drivers for CNG adoption is the reduction of greenhouse gas emissions. Dispensers in this segment play a significant role in promoting cleaner transportation options. The adoption of CNG as a transportation fuel is expected to continue growing, particularly in regions with a focus on reducing emissions. This trend will drive the demand for dispensers in this segment.

 

Key market players in the Global CNG Dispenser Market are:-

• Tulsa Gas Technologies India Pvt. Ltd
• Tatsuno Europe AS
• Scheidt & Bachmann Gmbh
• Sanki Industry Group
• FTI International Group Inc.
• Kraus Global Ltd.
• Parker Hannifin Corp
• Censtar Science & Technology Co., Ltd.
• Gilbarco Veeder-Root Company
• Tatsuno Corporation

 

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“Asia-Pacific is expected to be the dominating region during the forecast period. Governments in the region are actively promoting compressed natural gas (CNG) as a cleaner transportation fuel. They provide incentives, subsidies, and regulatory measures to encourage the adoption of CNG-powered vehicles and the development of CNG infrastructure, including dispensers. CNG prices in the region are generally more stable and less prone to fluctuations compared to petroleum-based fuels. This price stability is attractive to businesses aiming to enhance fuel cost predictability.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“CNG Dispenser Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Fast fill and Time fill), By Flow Rate (Up to 15 kg/min, Up to 50 kg/min and Up to 100 kg/min), By Distribution (Company owned & company run, Company owned & dealer run and Dealer owned & dealer run), By Region, Competition 2018-2028,” has evaluated the future growth potential of Global CNG Dispenser Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global CNG Dispenser Market.

 

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