GlobalFuel Dispenser Market was valued US$ XX Bn in 2019 and is expected to reachUS$ XX Bn by 2027, at a CAGR of 5.50 % during a forecast period.
Global Fuel Dispenser Market
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The fuel dispensers are release and monitor liquid orgaseous fuel. In the current market scenario, customers expect brands toacquire superior experience through compelling physical and digitalinteractions at fuel stations. Previously, customers drive to a fuelingstation, pay for dispense fuel, and leave. Currently, this experience hasexceeded its shelf life and they are expecting personalization, speed and alsoa human touch of the bricks-and-mortar experience. The fuel retailers arefocusing on the deployment of the customer’s physical and digital experience,which is expected to increase sales through retention and conversion.The reportstudy has analyzed revenue impact of COVID -19 pandemic on the sales revenue ofmarket leaders, market followers and market disrupters in the report and sameis reflected in our analysis.
Global Fuel Dispenser Market Dynamics:
The fuels retailing industry catching up the significantgrowth with digital trends, and also creating more innovative customerengagement models, which helps to generate maximum revenues by utilizingdigital technologies. An introduction of technologically advanced fueldispensers are expected to drive the growth in the fuel dispenser market. Someof the major features of advanced fuel dispensers like an interactive videoscreen, scanner, customer identification keypad, barcoding, and magnetic cardterminal are introduced in the market. Currently, key players are offeringinnovative fuel dispensers, which have an interactive video screen to entertainthe customers while filling the fuel. They are also focusing on the developmentof products such as customizable fuel dispensers to enhance the customer’sexperience.
However, the rise in penetration of electric vehicles byconsumers to control the pollution is expected to limit the growth in themarket. Furthermore, the high installation cost of innovative fuel dispensers,the lack of proper infrastructure for CNG and electric vehicles in thedeveloping countries across the globe are some of the restraining factors ofthe market growth.
Global Fuel Dispenser Market Segment Insight:
An increase in the use of Compressed Natural Gas (CNG) as asubstitute vehicle fuel creates a requirement for an expansion of the CNG vehiclerefueling infrastructure. Strict emission policies in prominent countries andan increase in demand for natural gas vehicles are the major drivers that areexpected to increase the demand for the CNG dispenser. There are approximately1,200 public and private CNG stations, which are located in the United States.The major automotive OEMs are increasing their focus on NGV design andmanufacturing. For instance, Volkswagen signed the joint declaration to expandthe CNG usage in Europe with a focus on Germany along with the number of CNGfilling stations from 900 to 2000.
The global energy consumption grew considerably in 2018 bythe continuous economic growth and rise in demand for fuel dispensers indeveloping countries like India and China. The Asia Pacific fuel dispensermarket size was estimated at US $ XX Bn in 2019 and is projected to grow at aXX % rate of CAGR during the forecast period. China is the world’s largestenergy consumer. The country has contributed the highest growth in the marketbecause of some of the driving factors like robust industrial demand, and transportationof the fuel consumption encouraged by a growing vehicle fleet. Governments indeveloping countries are providing subsidies to build the natural gas vehiclerefueling infrastructure.
Global Fuel Dispenser Market Competitive Landscape:
Several startups and oil companies like IOC and HPCL arecarrying their mobile fuel delivery on pilot projects across developingcountries like India. Some of the prominent key players like Dover fuelingsolutions, censtar, and Jiangsu Furen Group are constantly developing products,which can offer the latest technology and a wider choice of solutions to thecustomers. For instance, Ehad introduced the new range of fuel dispensers,which includes the products ranging from the singles hose to eight hose fueldispensers, high-speed pumps and a wide range of automatic digital tireinflators.
The objective of the report is to present a comprehensiveanalysis of Global Fuel Dispenser Market including all the stakeholders of theindustry. The past and current status of the industry with forecasted marketsize and trends are presented in the report with the analysis of complicateddata in simple language. The report covers all aspects of the industry with adedicated study of key players that includes market leaders, followers and newentrants by region. PORTER, SVOR, PESTEL analysis with the potential impact ofmicro-economic factors by region on the market are presented in the report.External as well as internal factors that are supposed to affect the businesspositively or negatively have been analysed, which will give a clear futuristicview of the industry to the decision-makers. The report also helps inunderstanding Global Fuel Dispenser Market dynamics, structure by analysing themarket segments and project the Global Fuel Dispenser Market size. Clearrepresentation of competitive analysis of key players by Type, price, financialposition, product portfolio, growth strategies, and regional presence in theGlobal Fuel Dispenser Market make the report investor’s guide.
The Scope of the Report for Global Fuel Dispenser Market:Inquire before buying
Global Fuel Dispenser Market, By Type
• Submersible Systems
• Suction Systems
Global Fuel Dispenser Market, By Flow Meter
• Mechanical
• Electronic
Global Fuel Dispenser Market, By Fuel Type
• Petrol
• Diesel
• CNG
• Compressed Hydrogen
Global Fuel Dispenser Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global Fuel Dispenser Market
• Dover Fueling Solutions
• Censtar
• Jiangsu Furen Group
• Zhejiang Lanfeng Machine Co. Ltd.
• Neotec
• Korea EnE Co. Ltd
• Gilbarco Inc.
• Bennett Pump Co.
• Beijing Sanki Petroleum Technology Co. Ltd.
• Wayne Fueling Systems LLC
• Tominaga Mfg. Co.
• Tokheim Group S.A.S
• Tatsuno Corp.
• Scheidt & Bachmann GmbH
• Piusi S.p.A.
• Sankipetro
• Lumen Instruments
• LanFeng Co., Ltd
• Censtar Science & Technology Corp., Ltd
• Zhejiang Datian Machine Co., Ltd
• SPYRIDIS GROUP
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