Market Research Future (MRFR) has published a cooked research report on the “fuel Dispenser Market” that contains information from 2023 to 2032. The Market is estimated to register a CAGR of 5.82% during the forecast period of 2023 to 2032 and projected to grow at USD 3904.14 billion by 2030
MRFR recognizes the following companies as the key players in the Market - Dover Fueling Solutions (US), Bennett Pump Company (US), Petroleum Technology Co., Ltd (China), Gilbarco Inc. (US)
Market Overview
The Global Fuel Dispenser Market size is estimated to grow at a significant CAGR OF 5.82% and projected to grow at USD 3904.14 by 2032.
A fuel Dispenser is an essential device used to dispense or monitor liquid or gaseous fuel in fuel stations. These dispensers are used to pump liquid or gaseous fuels like petrol, diesel, and natural gas into vehicles, storage tanks, aircraft, or portable containers. This system contains several parts like hydraulic, metering, and hose/ nozzle portions. These systems' design and construction depend on various factors like the number of grades, fuel products, the volume of business, and facility size. These dispensers can deliver the fuel coupled with the price of fuel. Apart, these systems can pump an accurate amount of fuel into the tank. In addition to that, gaseous fuel dispensers can refuel hydrogen or syngas-powered vehicles and are used to move gasses from one location to another.
The automotive industry has rapid growth in the developing economies like Europe, Asia-Pacific, and LAMEA is increasing the demand for the fuel that leads to an increase in the demand of the fuel dispenser market in the assessment period. Moreover, growing awareness and adoption of biofuels among consumers around the world is expected to escalate the market growth. A rise in the number of national and international transportation activities and investments in building CNG stations are increasingly enhancing the usage of fuel dispenser systems.
The fuel dispenser market opportunities are planned by the various governments to achieve carbon-free emissions and the deployment of CNG stations in the review period is accelerating the market growth.
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Market Segmentation
Based on the recent information, the fuel dispenser market is analyzed into three segments such as product, type, and application.
· Product Segmentation: By product, the fuel dispenser market is bifurcated into general fuel dispensers and self-service fuel dispensers.
· Type Segmentation: The fuel dispenser market types are categorized into submersible and suction.
· Application Segmentation: The fuel dispenser applications are of various types such as petrol, diesel, biofuel, and others.
Regional Analysis
By the fuel dispenser market share and other aspects, the regional market is classified into four major regions such as Asia-Pacific, Europe, North America, and the rest of the world. Among them, Asia-Pacific is holding the maximum market share due to the rising urbanization which leads to a rise in the demand for passenger vehicles. Emerging countries like India, Japan, and China are booming the automotive industry which propels the growth of the market in this region. China is the largest market for fuel dispensers in this region. The automotive and transportation industry are rising in demand for fuel dispensers.
Key Players
The key competitors of the fuel dispenser market are
· Dover Fueling Solutions (US)
· Bennett Pump Company (US)
· Petroleum Technology Co., Ltd (China)
· Gilbarco Inc. (US)
Industry News
As per the latest updates, the dispenser market forecast states that this market is increasing its demand by introducing innovative technologies, mergers, expansions, and more. Scheldt Bachmann collaborated within touch.com to digitize the fuel retail sites.
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