CNG Dispenser Market By Share, Size and Forecast 2028

Summary

Report Description

Forecast Period	2024-2028
Market Size (2022)	USD 201.79 million
CAGR (2023-2028)	6.18%
Fastest Growing Segment	Time Fill
Largest Market	Asia Pacific

Market Overview

The Global CNG Dispenser Market was valued at USD 201.79 million in 2022 and is expected to grow at a CAGR of 6.18% during the forecast period. The growing awareness of environmental concerns and the imperative to reduce greenhouse gas emissions is fueling the demand for cleaner-burning fuels like CNG, which is widely acknowledged as an eco-friendlier alternative to conventional gasoline and diesel. The increasing popularity of NGVs, powered by natural gas engines, is bolstering the demand for CNG dispensers. NGVs are recognized for their cost-effectiveness and environmental friendliness compared to vehicles running on traditional fuels. Governments worldwide are actively promoting the use of natural gas as a transportation fuel through incentives and subsidies for NGV owners and operators. This significant support is driving the demand for CNG dispensers.

Key Market Drivers

Growing Demand for Cleaner Transportation Fuels

One of the primary factors driving the global market for Compressed Natural Gas (CNG) dispensers is the growing demand for cleaner transportation fuels. With increasing environmental concerns, there is a heightened emphasis on reducing emissions from the transportation sector, a significant contributor to air pollution and greenhouse gas emissions. CNG is recognized as a cleaner alternative to conventional fossil fuels like gasoline and diesel. Rising awareness of air quality and climate change has prompted governments, businesses, and consumers to prioritize environmental sustainability.

Consequently, there is a strong impetus to transition to fuels with lower emissions. Governments worldwide are implementing stringent emission regulations to address pollution and combat climate change. CNG, as a low-emission fuel, enables vehicle fleets and individual consumers to meet these regulatory requirements.

Public transportation systems, including buses and taxis, are increasingly adopting CNG-powered vehicles. CNG dispensers play a vital role in facilitating refueling at fleet stations as commercial and industrial fleets increasingly convert their vehicles to CNG, aiming to reduce operating costs and minimize their carbon footprint. This conversion drives the demand for CNG dispensers at fleet refueling stations.

Furthermore, CNG is often produced domestically, reducing reliance on imported oil. This aspect of energy security is particularly appealing to countries seeking to decrease their dependence on foreign oil.

Cost Savings and Fuel Price Stability

Another significant driver of the global CNG dispenser market is the potential for cost savings and fuel price stability that CNG offers to consumers and fleet operators. CNG is typically more economical than gasoline or diesel on an energy-equivalent basis. This cost advantage can result in substantial savings for vehicle owners and fleet operators over time. CNG prices are often more stable and less susceptible to price fluctuations compared to petroleum-based fuels. This price stability is appealing to businesses aiming to manage fuel cost predictability.

As the adoption of CNG-powered vehicles and infrastructure expands, economies of scale can further reduce the overall cost of CNG and associated equipment, including dispensers. CNG-powered engines are recognized for their efficiency and durability, leading to lower maintenance costs and extended vehicle lifespans. This efficiency can offset any initial investment in CNG dispensing equipment.

Government Incentives and Support

Government incentives and support programs play a crucial role in propelling the global CNG dispenser market. Governments across different levels acknowledge the environmental and economic advantages of CNG and actively promote its adoption. Financial incentives, tax credits, and grants are offered by many governments to encourage the use of CNG vehicles and infrastructure, effectively offsetting the associated capital costs.

Additionally, governments provide regulatory support by implementing emissions standards favoring CNG and endorsing its application in public transportation fleets. They also establish regulations ensuring the safe operation of CNG infrastructure. Public-private partnerships are often formed to expedite the development of CNG refueling infrastructure, resulting in increased CNG dispenser installations. CNG aligns with green energy and sustainability initiatives promoted worldwide, with policymakers recognizing its role in reducing greenhouse gas emissions and air pollution.

Many countries aim for energy independence and view CNG as a means to decrease reliance on imported oil. Government support for CNG aligns with these strategic objectives. In summary, the expansion of the global CNG dispenser market is driven by the growing demand for cleaner transportation fuels, cost savings, fuel price stability, and government incentives and support. These factors collectively contribute to the widespread adoption of CNG-powered vehicles and the development of CNG infrastructure, making CNG dispensers an indispensable component of the transition to cleaner and more sustainable transportation solutions.

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Key Market Challenges

Infrastructure Development Challenges

One of the key challenges confronting the global market for Compressed Natural Gas (CNG) dispensers is the need for infrastructure development and expansion. The effectiveness of CNG dispensers relies heavily on the presence of a well-established and easily accessible refueling network. The establishment of a CNG refueling infrastructure necessitates a significant initial capital investment. This includes constructing CNG compression stations, installing dispensers, and developing the infrastructure for gas storage. Many potential operators and governments perceive these upfront costs as prohibitive. Obtaining the necessary permits and approvals to establish CNG refueling stations can be a complex and time-consuming process.

Regulatory frameworks vary across regions, making it challenging to navigate these regulations and resulting in delays in infrastructure development. Identifying suitable locations for CNG dispensers and compression stations poses challenges, particularly in urban areas with limited available land. The proximity to CNG supply sources and the target customer base also play a crucial role in the selection of locations. Ensuring a consistent and reliable supply of CNG to refueling stations is of utmost importance.

Transporting CNG from production sources or pipelines to retail stations may require significant logistical coordination, especially in regions with limited pipeline infrastructure. Developing infrastructure without a guaranteed demand for CNG carries inherent risks. Operators must carefully assess the market demand and ensure that the infrastructure they build aligns with that demand.

Consumer Awareness and Vehicle Adoption

One of the key challenges in the global CNG dispenser market is the need to raise consumer awareness and promote the adoption of CNG-powered vehicles.

Many consumers lack knowledge about the advantages of CNG as a transportation fuel, including its environmental benefits and cost savings. To overcome this challenge, effective marketing and educational campaigns are crucial. The availability of CNG-powered vehicles varies by region and vehicle type, which can discourage consumers from considering CNG as a viable option. Additionally, consumers may hesitate to adopt CNG vehicles if they perceive a lack of refueling infrastructure. This perception can hinder infrastructure development due to insufficient demand.

Moreover, the higher upfront purchase cost of CNG-powered vehicles compared to traditional gasoline or diesel vehicles presents a cost barrier. To address this, incentives or subsidies are needed to make CNG vehicles more attractive to consumers. Even when CNG infrastructure is available, it may not be conveniently accessible to all consumers. Therefore, expanding infrastructure and strategically locating CNG stations are necessary to address this issue.

Key Market Trends

Growing Emphasis on Sustainable Transportation

One of the prominent trends in the global Compressed Natural Gas (CNG) dispenser market is the increasing emphasis on sustainable and environmentally friendly transportation solutions. This trend is driven by a growing awareness of the environmental impact of traditional fossil fuels and the need to reduce greenhouse gas emissions. Concerns regarding air quality, urban pollution, and climate change have prompted governments, businesses, and consumers to seek cleaner transportation alternatives.

CNG is recognized as a low-emission fuel that can significantly reduce carbon dioxide (CO2) and other harmful emissions compared to gasoline or diesel. Governments worldwide are actively promoting CNG as a sustainable transportation option, providing incentives such as tax benefits, subsidies, and regulatory measures to encourage the adoption of CNG-powered vehicles and the development of CNG infrastructure, including dispensers. Public transportation agencies are increasingly transitioning their fleets to CNG-powered buses and vehicles. CNG dispensers play a crucial role in supporting the refueling needs of these large fleets, contributing to reduced emissions in urban areas.

Businesses and organizations are aligning their corporate sustainability goals with CNG adoption, converting their vehicle fleets to CNG to demonstrate their commitment to reducing their carbon footprint. To meet the growing demand for CNG, there is a trend toward expanding CNG dispenser infrastructure. New dispensing stations are being established along major transportation routes, highways, and in urban centers to enhance accessibility for consumers and fleet operators.

Technological Advancements and Digitalization

The second prominent trend in the global CNG dispenser market is the rapid pace of technological advancements and the increasing digitization of dispenser systems. These advancements are revolutionizing the user experience, improving efficiency, and facilitating data-driven decision-making. CNG dispensers are evolving to become more intelligent and interconnected. Smart dispensers incorporate digital controls, remote monitoring capabilities, and data analytics. They provide real-time data on fueling transactions, dispenser status, and performance metrics.

Furthermore, advanced payment and authentication systems are being integrated into CNG dispensers. These systems support various payment methods, including contactless payments and mobile apps, enhancing convenience and security for consumers during the fueling process. The utilization of data analytics is expanding in CNG dispenser operations. Operators are leveraging data from dispenser transactions and connected sensors to gain insights into fuel consumption, dispenser utilization, and maintenance requirements.

Predictive analytics can optimize dispenser performance and maintenance schedules. CNG dispenser manufacturers now offer remote monitoring and diagnostic services. These services enable real-time monitoring of dispenser health, facilitating proactive maintenance and minimizing downtime. Finally, dispenser interfaces are becoming more user-friendly, featuring touchscreen displays and intuitive controls. This enhances the overall user experience for both consumers and fleet operators.

Segmental Insights

Type Insights

The Time fill segment holds a significant market share in the Global CNG Dispenser Market. The market expanded its scope through the widespread adoption of Compressed Natural Gas (CNG) across various vehicle types, including public transportation, commercial fleets, and private vehicles.

The bolstered CNG dispenser infrastructure along major transportation routes significantly improved accessibility for consumers and fleet operators. As fuel prices exhibited volatility, consumers and fleet operators displayed increased sensitivity to price. The cost savings and price stability offered by CNG in comparison to gasoline and diesel emerged as pivotal factors driving its adoption.

Ongoing research and development endeavors concentrate on enhancing the efficiency and sustainability of CNG dispenser technology. Innovations in compression technologies and fuel storage systems aim to elevate the overall CNG fueling experience. The exploration of hybrid technologies and the integration of Renewable Natural Gas (RNG) and biogas into the CNG market are expected to gain traction, aligning with broader endeavors to diversify energy sources. CNG dispenser technology is poised for further advancement with a focus on optimizing efficiency, reliability, and user convenience. Digitalization, data analytics, and remote monitoring will continue to wield substantial influence in this domain.

Flow Rate Insights

Up to 100 kg/min segment is expected to dominate the market during the forecast period. Certain medium-duty vehicles, like delivery trucks and vans, can also be refueled using dispensers that have flow rates of up to 100 kg/min, depending on their tank capacity and refueling time. Businesses that operate commercial fleets of delivery trucks, shuttle buses, and service vehicles may consider opting for dispensers in this category to efficiently refuel their vehicles. Strategically locating dispenser stations near depots, transit hubs, or along major transportation routes can cater to the refueling needs of specific vehicle types and fleets.

Many dispensers in this segment are equipped with advanced payment and data management systems to facilitate transactions and provide data on fuel consumption. Regions with strong government support for CNG as an alternative fuel tend to have well-developed infrastructure for dispensers in this segment. In urban areas with air quality concerns, the use of CNG for buses and taxis contributes to improved local air quality and reduced particulate matter emissions.

Both global and local companies participate in this segment, with some manufacturers specializing in CNG dispensing equipment. Ongoing technological advancements, such as digital controls and remote monitoring, will further enhance the efficiency and convenience of using dispensers in this category.

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Regional Insights

The Asia Pacific region is expected to dominate the market during the forecast period. The region plays a crucial role in the global market for Compressed Natural Gas (CNG) dispensers, driven by its substantial energy consumption, environmental concerns, and government initiatives to promote cleaner transportation alternatives. The Asia-Pacific region is characterized by rapid urbanization and industrialization, resulting in increased energy consumption and air pollution. Consequently, addressing environmental concerns and reducing emissions is of utmost importance. Numerous cities in the Asia-Pacific region grapple with severe air quality issues that have detrimental effects on public health and the environment. In this context, CNG is regarded as a cleaner substitute for traditional fossil fuels, presenting a viable solution to improve urban air quality. The Asia-Pacific region has witnessed significant growth in CNG infrastructure, including dispenser stations, to cater to the needs of both public transportation fleets and private vehicles. The cost advantage of CNG, often surpassing that of gasoline or diesel on an energy-equivalent basis, further facilitates its adoption among cost-conscious consumers and fleet operators. Moreover, CNG dispenser technology in the Asia-Pacific region is evolving rapidly, with the emergence of smart dispensers equipped with digital controls, remote monitoring capabilities, and data analytics features, thereby enhancing user convenience and operational efficiency. It is worth noting that the Asia-Pacific region comprises diverse markets at varying stages of CNG adoption, with countries like India and Pakistan experiencing significant growth in CNG infrastructure, while others are still in the early stages of development.

Recent Developments

In July 2021, the Egyptian government acquired 500 CNG dispensers and 200 compressor packages to equip new stations exclusively dedicated to compressed natural gas (CNG) refueling across the country. These equipment were supplied by Galileo Technologies and were installed at service stations operated by NGVC and GASTEC, two partially state-owned natural gas vehicle (NGV) companies.
In July 2021, Mahanagar Gas Ltd (MGL), a Mumbai-based city gas distribution (CGD) company, announced the establishment of 10 mobile refueling units (MRUs) to meet the growing demand for selling compressed natural gas (CNG).
In June 2021, West Bengal Transport Corporation (WBTC) and Bengal Gas Co Ltd (BGCL) signed a memorandum of understanding (MoU) that allows the introduction of compressed natural gas (CNG) as the fuel to operate their diesel bus fleet. The adoption of CNG will provide immunity from rising diesel prices and significantly reduce pollution.
In May 2020, Agility Fuel Solutions (Agility), a leading global provider of clean fuel solutions for medium- and heavy-duty commercial vehicles, expanded its range of fuel capacity options with the introduction of the new fifth-generation ProRail CNG fuel systems. The ProRail offers fuel capacity options ranging from 30-60 diesel gallons equivalent (DGE) and can be configured to meet various fuel capacity requirements by being installed on one or both sides of the vehicle.

Key Market Players

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

By Type

By Flow Rate

By Distribution

By Region

Fast fill
Time fill

Up to 15 kg/min
Up to 50 kg/min
Up to 100 kg/min

Company owned & company run
Company owned & dealer run
Dealer owned & dealer run

North America
Europe
Latin America
Middle East & Africa
Asia Pacific

Report Scope:

In this report, the Global CNG Dispenser Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Global CNG Dispenser Market, By Type:

o Fast fill

o Time fill

Global CNG Dispenser Market, By Flow Rate:

o Up to 15 kg/min

o Up to 50 kg/min

o Up to 100 kg/min

Global CNG Dispenser Market, By Distribution:

o Company owned & company run

o Company owned & dealer run

o Dealer owned & dealer run

Global CNG Dispenser Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ France

§ United Kingdom

§ Italy

§ Germany

§ Spain

o Asia-Pacific

§ China

§ India

§ Japan

§ Australia

§ South Korea

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global CNG Dispenser Market.

Available Customizations:

Global CNG Dispenser Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global CNG Dispenser Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

4. Voice of Customers

5. Global CNG Dispenser Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Type (Fast fill and Time fill)

5.2.2. By Flow Rate (Up to 15 kg/min, Up to 50 kg/min and Up to 100 kg/min)

5.2.3. By Distribution (Company owned & company run, Company owned & dealer run and Dealer owned & dealer run)

5.2.4. By Region

5.3. By Company (2022)

5.4. Market Map

6. North America CNG Dispenser Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Type

6.2.2. By Flow Rate

6.2.3. By Distribution

6.2.4. By Country

6.3. North America: Country Analysis

6.3.1. United States CNG Dispenser Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Type

6.3.1.2.2. By Flow Rate

6.3.1.2.3. By Distribution

6.3.2. Canada CNG Dispenser Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Type

6.3.2.2.2. By Flow Rate

6.3.2.2.3. By Distribution

6.3.3. Mexico CNG Dispenser Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Type

6.3.3.2.2. By Flow Rate

6.3.3.2.3. By Distribution

7. Asia-Pacific CNG Dispenser Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Type

7.2.2. By Flow Rate

7.2.3. By Distribution

7.2.4. By Country

7.3. Asia-Pacific: Country Analysis

7.3.1. China CNG Dispenser Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Type

7.3.1.2.2. By Flow Rate

7.3.1.2.3. By Distribution

7.3.2. India CNG Dispenser Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Type

7.3.2.2.2. By Distribution

7.3.3. Japan CNG Dispenser Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Type

7.3.3.2.2. By Flow Rate

7.3.3.2.3. By Distribution

7.3.4. South Korea CNG Dispenser Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Type

7.3.4.2.2. By Flow Rate

7.3.4.2.3. By Distribution

7.3.5. Australia CNG Dispenser Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Type

7.3.5.2.2. By Flow Rate

7.3.5.2.3. By Distribution

8. Europe CNG Dispenser Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Type

8.2.2. By Flow Rate

8.2.3. By Distribution

8.2.4. By Country

8.3. Europe: Country Analysis

8.3.1. Germany CNG Dispenser Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Type

8.3.1.2.2. By Flow Rate

8.3.1.2.3. By Distribution

8.3.2. United Kingdom CNG Dispenser Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Type

8.3.2.2.2. By Flow Rate

8.3.2.2.3. By Distribution

8.3.3. France CNG Dispenser Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Type

8.3.3.2.2. By Flow Rate

8.3.3.2.3. By Distribution

8.3.4. Italy CNG Dispenser Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Type

8.3.4.2.2. By Flow Rate

8.3.4.2.3. By Distribution

8.3.5. Spain CNG Dispenser Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Type

8.3.5.2.2. By Flow Rate

8.3.5.2.3. By Distribution

9. South America CNG Dispenser Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Type

9.2.2. By Flow Rate

9.2.3. By Distribution

9.2.4. By Country

9.3. South America: Country Analysis

9.3.1. Brazil CNG Dispenser Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Type

9.3.1.2.2. By Flow Rate

9.3.1.2.3. By Distribution

9.3.2. Argentina CNG Dispenser Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Type

9.3.2.2.2. By Flow Rate

9.3.2.2.3. By Distribution

9.3.3. Colombia CNG Dispenser Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Type

9.3.3.2.2. By Flow Rate

9.3.3.2.3. By Distribution

10. Middle East & Africa CNG Dispenser Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Type

10.2.2. By Flow Rate

10.2.3. By Distribution

10.2.4. By Country

10.3. Middle East & Africa: Country Analysis

10.3.1. Saudi Arabia CNG Dispenser Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Type

10.3.1.2.2. By Flow Rate

10.3.1.2.3. By Distribution

10.3.2. South Africa CNG Dispenser Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Type

10.3.2.2.2. By Flow Rate

10.3.2.2.3. By Distribution

10.3.3. UAE CNG Dispenser Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Type

10.3.3.2.2. By Flow Rate

10.3.3.2.3. By Distribution

11. Market Dynamics

11.1. Drivers

11.2. Challenge

12. Market Trends & Developments

13. Company Profiles

13.1. Tulsa Gas Technologies India Pvt. Ltd

13.1.1. Business Overview

13.1.2. Key Revenue and Financials

13.1.3. Recent Developments

13.1.4. Key Personnel

13.1.5. Key Product/Services

13.2. Tatsuno Europe AS

13.2.1. Business Overview

13.2.2. Key Revenue and Financials

13.2.3. Recent Developments

13.2.4. Key Personnel

13.2.5. Key Product/Services

13.3. Scheidt & Bachmann Gmbh

13.3.1. Business Overview

13.3.2. Key Revenue and Financials

13.3.3. Recent Developments

13.3.4. Key Personnel

13.3.5. Key Product/Services

13.4. Sanki Industry Group

13.4.1. Business Overview

13.4.2. Key Revenue and Financials

13.4.3. Recent Developments

13.4.4. Key Personnel

13.4.5. Key Product/Services

13.5. FTI International Group Inc.

13.5.1. Business Overview

13.5.2. Key Revenue and Financials

13.5.3. Recent Developments

13.5.4. Key Personnel

13.5.5. Key Product/Services

13.6. Kraus Global Ltd.

13.6.1. Business Overview

13.6.2. Key Revenue and Financials

13.6.3. Recent Developments

13.6.4. Key Personnel

13.6.5. Key Product/Services

13.7. Parker Hannifin Corp

13.7.1. Business Overview

13.7.2. Key Revenue and Financials

13.7.3. Recent Developments

13.7.4. Key Personnel

13.7.5. Key Product/Services

13.8. Censtar Science & Technology Co., Ltd.

13.8.1. Business Overview

13.8.2. Key Revenue and Financials

13.8.3. Recent Developments

13.8.4. Key Personnel

13.8.5. Key Product/Services

13.9. Gilbarco Veeder-Root Company

13.9.1. Business Overview

13.9.2. Key Revenue and Financials

13.9.3. Recent Developments

13.9.4. Key Personnel

13.9.5. Key Product/Services

13.10. Tatsuno Corporation

13.10.1. Business Overview

13.10.2. Key Revenue and Financials

13.10.3. Recent Developments

13.10.4. Key Personnel

13.10.5. Key Product/Services

14. Strategic Recommendations

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Figures and Tables

Frequently asked questions

What was the market size of the Global CNG Dispenser Market in 2022?

The market size of the Global CNG Dispenser Market was USD 201.79 million in 2022.

Which was the dominant segment in the Global CNG Dispenser Market in 2022?

Up to 100 kg/min segment was the dominant segment in the Global CNG Dispenser Market in 2022. Certain medium-duty vehicles, like delivery trucks and vans, can also be refueled using dispensers that have flow rates of up to 100 kg/min, depending on their tank capacity and refueling time. Businesses that operate commercial fleets of delivery trucks, shuttle buses, and service vehicles may consider opting for dispensers in this category to efficiently refuel their vehicles.

What are the challenges in the Global CNG Dispenser Market?

Infrastructure Development Challenges is one of the challenges of Global CNG Dispenser Market.

What are the major drivers for the Global CNG Dispenser Market?

Growing Demand for Cleaner Transportation Fuels is one of the major driver of Global CNG Dispenser Market.

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Parvati Sharma

Account Manager BD

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Press Release

CNG Dispenser Market is expected to grow at a robust CAGR

Nov, 2023

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.

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