CNG Dispenser Market, By Technology (Fast fill, Time-fill), By Flow Rate (Up to 15 kg/min, Up to 50 kg/min, and Up to 100kg/min), By Ownership (Company Owned and Company Operated, Company Owned and Dealer Operated, Dealer Owned, Dealer Operated), By Region – Global Analysis Forecast Till 2030

The Global CNG Dispenser Market accounted for US$ 215.14 million in 2020 and is estimated to be US$ 432.15 million by 2030 and is anticipated to register a CAGR of 8.67%.

Many nations and international organisations like the United Nations have sustainable development as their top priority. Traditional energy exacerbates global warming and leads to pollution. To meet the aims of sustainable energy, alternative energy sources are crucial. For the automotive sector, compressed natural gas (CNG) is one of the most practical substitutes for conventional fuel sources. CNG is inexpensive, abundant worldwide, high in calorific value and heat yield, and low in pollutants.

The use of CNG dispensing systems will be widespread because CNG is becoming more and more popular and people are becoming more and more informed. From the city gate station, where natural gas is pumped at a pressure of 15 bars or even lower, a pipeline is installed for the transmission of natural gas within the city.

Market Dynamics

Drivers:

The rise in demand for alternative and clean sources of energy in cars is the main key factor for the worldwide CNG dispenser market. Additionally, rising consumer awareness of the need to reduce carbon footprints is propelling the CNG dispenser market. Crude oil's fluctuating price is a major market limitation for CNG dispenser systems worldwide. A rise in crude oil prices and tariff barriers may make CNG costly for the general public.

Depending on the method of distribution, the CNG dispenser market has been divided into three groups: company owned and company operated, company owned and dealer run, and dealer owned and dealer run. The operational improvement program's ability to reduce cost and complexity will probably boost market demand.

Restraints:

The straightforward switch to biofuels is the main factor impeding the growth of the CNG dispenser business. Significant market players are investing in the production of biofuels, which makes the switch from liquid fuels to biofuels easier than it is with natural gas and restrains the market share growth of natural gas vehicles.

Key players:

• Bennett,

• Censtar,

• Compac,

• FTI International,

• Kraus,

• Lanfeng,

• Sanki,

• Scheidt & Bachmann,

• Tulsa Gas Technologies,

• and Tatsuno.

• And Others

Market Segmentation:

CNG dispenser market, By Type:

• Fast Fill

• Time Fill

CNG dispenser market, By Flow Rate

• up to 15,

• up to 50,

• and up to 100 Kg/Min

CNG dispenser market, By Distribution

• Company Owned & Company Run,

• Company Owned & Dealer Run,

• and Dealer Owned & Dealer Run

CNG dispenser market, By region:

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East & Africa

Regional Analysis:

North America dominates the CNG dispenser market. Increased CNG vehicle usage in the USA may lead to consistent demand for CNG dispenser systems. The regulatory drive towards an alternative energy source in China and Europe is anticipated to increase the use of CNG dispenser systems. The rising demand for CNG dispenser systems is a result of the fuel's rising popularity in emerging nations like Bangladesh and India thanks to its higher mileage at a lower price. It is also becoming more common to retrofit CNG systems into conventional cars.

Scope of the Report:

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