CNG dispenser Market By Type (Fast Fill and Time Fill), By Flow Rate (Up to 15, Up to 50, and up to 100 Kg/Min), By Distribution (Company Owned & Company Run, Company Owned & Dealer Run, and Dealer Owned & Dealer Run), and By Region (North America, Latin America, Europe, Middle East, Asia Pacific, and Africa) - Trends, Analysis and Forecast till 2030

CNG dispenser Market accounted for USD 203.43 Million in 2020 and is estimated to be USD 427.33 Million by 2030 and is anticipated to register a CAGR of 7.8%.

CNG dispenser is a machine which is used to pump the CNG (Compressed Natural Gas) fuel into vehicles. They are equipped with electronic counters of quantity and price of pumping. The compressor compresses the natural gas into interconnected pressure storage tanks. The actual filling of the vehicle is done using a dispenser or a device that fills the compressed gas from the gas storage tank to pressure vessels in the vehicle. CNG filling station uses horizontal reciprocating (piston) compressor, which is mainly composed of the main compression, anti-explosive electric motor, cooling unit, lubrication unit, and internal connection. Vehicles powered by CNG offer substantial advantages over vehicles powered by gasoline. Historically, CNG has cost significantly less than a gasoline or diesel gallon equivalent at the pump in the SoCal Gas service area.

Rising demand of sustainable gasoline

Increasing number of CNG vehicles as the alternative to conventional vehicle is the major factor driving the growth of the target market. CNG does not emits carbon particles and its eco-friendly energy is another important factor which boost the growth of this particular market. Moreover, stringent government norms of using pollution free fuels are anticipated to propel the growth of the global CNG dispenser. Also, awareness about environment and not uses harmful resources or fuel energy is expected to fuel the growth of the target market.

However, lack of awareness and less average in some of the vehicles are the major restrainers of the market.

CNG dispenser market is segmented based on type, flow rate, distribution and region.

On the basis of type, the global CNG dispenser market is segmented into fast fill and time fill. Based on flow rate, the target market is segmented into up to 15, up to 50, up to 100 kg/min. On the basis of application, the target market is segmented into company owned & company run, company owned & dealer run, and dealer owned & dealer run.

Regional Insights:

The CNG dispenser market accounted for US$ 203.43 million in 2020 and is estimated to be US$ 427.33 million by 2030 and is anticipated to register a CAGR of 7.8%. On region the global CNG dispenser market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific currently dominates the market for CNG dispenser and is expected to continue its strong hold for a few more years owing to increasing use of natural gas vehicles in the countries such as China and India of the region. The markets in North America and Europe are expected to register high growth rate, owing to the low running costs of natural gas vehicles which in turn supporting CNG dispenser and drive growth of the target market in the region, over the forecast period.

CNG Dispenser Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the CNG dispenser market report based on type, flow rate, distribution and region.

CNG Dispenser Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

The key players operating in the global CNG dispenser market includes Bennett, Censtar, Compac, FTI International, Kraus, Lanfeng, Sanki, Scheidt & Bachmann, Tulsa Gas Technologies, and Tatsuno.

Bennett:

Bennett CNG Dispensers are designed to provide customers with a familiar fueling experience by incorporating the same interactive features used on traditional fuels dispensers.

• Bennett
• Censtar
• Compac
•  FTI International
•  Kraus
• Lanfeng
• Sanki
• Scheidt & Bachmann
• Tulsa Gas Technologies
•  Tatsuno