The Compressed Natural Gas Dispenser Market size was valued at US$ 171.78 million in 2021 and is anticipated to reach US$ 306.2 billion by 2026 and increase at a CAGR of 7.46% during 2021 and 2026.
The global CNG Dispenser Market experiences a faster rate in the coming years due to strict pollution rules insignificant countries, increased demand for natural gas vehicles, and the rising popularity of CNG. The Global CNG Dispenser Market study offers a comprehensive analysis of the industry. The calorific value and content of compressed natural gas (CNG) are both high. It is less polluting when used. It produces heat and is abundantly available throughout the planet. Therefore, it's one of the potential alternatives to the car industry's traditional energy sources. These are the crucial features that further drive the global CNG dispenser market revenue in the upcoming years.
The strict emission policies and low running costs of natural gas vehicles are the essential factors responsible for propelling the global CNG dispenser market growth during the forecast period. A CNG Dispenser is filling equipment installed in a gas station to fill automobiles with compressed natural gas. It can quickly refill cars' empty fuel tanks. As a result, operators turn to natural gas to lessen their environmental imprint and lower fuel costs. CNG Dispensers are divided into two categories: time fill and quick fill. Fast-fill dispensers are appropriate for light-duty vehicles such as automobiles and vans, whereas time-fill dispensers are built on necessity. A CNG dispenser is a unique form of fuel dispenser found at gas stations. It is used to fill automobiles with compressed natural gas (CNG). The world's energy usage is steadily increasing. Therefore, CNG dispensers are in high demand worldwide to meet the increased demand for energy in the automobile industry.
The majority of the global CNG dispenser market's leading companies are engaged in sophisticated research and development operations to create new natural gas extraction and processing methods for use in the automobile sector. This is propelling the market for CNG dispensers. During the projected period, the global CNG dispensers market is expected to be driven by an increase in CNG stations worldwide. In 2019, there were around 32000 natural gas stations worldwide, serving roughly 27 million natural gas vehicles (NGV).Moreover, 80% of the total natural gas stations were CNG, with the remainder being liquefied natural gas (LNG). As a result, the market for CNG dispensers is predicted to grow as the number of CNG stations increases around the world. Thus, it further attributes the global compressed natural gas (CNG) dispenser market growth during 2021-2026.
Compressed Natural Gas Dispenser Market Restraints:
Quick transition to biofuels and increasing production of electric vehicles are the major factors that hamper the global CNG dispenser market growth in the near future. In addition, the market for CNG dispensers is being held back by challenges relating to leaks. A minor leak can sometimes result in a massive fire breakout. Therefore, even if CNG dispensers were commercially viable, the technology would not determine the energy future on its own. In addition, the installation costs of CNG dispensers are very high, which tends to slow down the global CNG dispenser market growth.
On the other hand, compressed natural gas leakage into the environment from well to wheels is a well-known contributor to climate change. Moreover, CNG gas stations have limited availability, and compressed natural gas tank requires ample space and affects the car's performance. In addition, CNG gas can expand under pressure, which has a massive risk of bursting valves. These are some of the primary restraints that are responsible for limiting the global CNG dispenser market further.
Recent Developments in the Global Compressed Natural Gas Dispenser Market:
Compressed Natural Gas 4 America inaugurates a CNG fueling station utilizing Bennett CNG dispensers to provide a fueling experience for the consumers. Moreover, the Bennett CNG dispenser is manufactured on the proven pacific series retail line of fuel dispensers.
Censtar launched a new CS20 series fuel dispenser which comprises of latest electronic technology, and of course, these are safe and stable.
Compac decided to bring world-class fast-fill technology to India. They are working at the forefront of development in India's CNG firms, introducing the four-arm fast-fill dispenser.
Based on type, the fast filling tends to hold the largest global CNG dispenser market share and is yet to continue its stake in the upcoming years. A fast filling system offers speed and safe refueling for several types of equipment. For example, most of the mining vehicles with 150 US gallons required fast filling types. Moreover, fast filling stations are the best choice for retail situations where vehicles can fill up immediately. Fast filling station acquires fuel from local utility lines under low pressure. It further utilizes a compressor to compress the gas under high temperatures. Compressed natural gas is fast filling stations stored in heavy vessels under maximum pressure so that the dispenser can transport it to a vehicle in no time.
Based on distribution, company-owned and company run segment plays a significant role in the global CNG dispenser market. It is because of the cost reductions and difficulty in line due to the operational programs' improvement.
By Flow rate:
Based on flow rate, up to 100kg/min attributes the most enormous global CNG dispenser market growth since the light-duty vehicles need quick tank completion.
Global Compressed Natural Gas Dispenser Market Regional Analysis:
The Global Compressed, Natural Gas Dispenser Market Report, includes the segmentation of Regions:
North America attributes the largest global CNG dispenser market owing to the increasing automobile sector and concerns regarding environmental pollution in U.S. and Canada. Moreover, Canada tends to be the dominator in the global CNG dispenser market. It is due to the increasing usage of CNG dispensers in the automotive sector, which further propels market growth.
Asia Pacific is estimated to grow with the highest CAGR in the global CNG dispenser market due to the escalating population and increasing usage of automobiles in India, China, Japan, and Australia.
Latin America is also expected to witness significant global CNG dispenser market revenue due to the increasing population and rising investments in CNG dispensers.
In Europe, the German government's recent decision to move away from nuclear power as an energy source is expected to boost investment in renewable energy sources and CNG dispensers in the near future. In addition, several governments' subsidies to encourage the use of renewable energy are likely to boost CNG dispensers in the near future.
Middle East and Africa
The COVID-19 epidemic is hampering demand for CNG dispensers. Lockdown has been imposed by governments worldwide as a precautionary step to prevent the outbreak from spreading. As a result, production operations have slowed or stopped, supply and transportation constraints have been imposed, and infrastructure has slowed. As a result, the demand for CNG dispensers is being hampered by these factors. Moreover, Tier 1 and 2 manufacturers and suppliers are the leading players in the CNG dispensers market. These companies' manufacturing and supply chain sites are distributed in Asia Pacific, Europe, North America, Latin America, the Middle East, and Africa. However, due to the COVID-19 epidemic, many players have reduced their production output in recent months. In addition, the corona crisis has had a negative influence on the demand for these commodities and the supply chain.
The companies covered in the report include:
Scheidt & Bachmann
Tulsa Gas Technologies
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Compressed Natural Gas (CNG) Dispenser Market , By Type
6.1.1 Time filling
6.1.2 Fast filling
6.1.3 Market Size Estimations & Forecasts (2021-2026)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Compressed Natural Gas (CNG) Dispenser Market , By Distribution
6.2.1 Company-owned and company run
6.2.2 company-owned and dealer run
6.2.3 dealer-owned and dealer run
6.2.4 Market Size Estimations & Forecasts (2021-2026)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Compressed Natural Gas (CNG) Dispenser Market , By Flow rate
6.3.1 Up to 15kg/Min
6.3.2 Up to 50kg/min
6.3.3 Up to 100kg/min
6.3.4 Market Size Estimations & Forecasts (2021-2026)
6.3.5 Y-o-Y Growth Rate Analysis
6.3.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2021 - 2026)
7.2.1 By Country
7.2.2 By Type
7.2.3 By Distribution
7.2.4 By Flow rate
7.3.1 By Country
184.108.40.206 Rest of Europe
7.3.2 By Type
7.3.3 By Distribution
7.3.4 By Flow rate
7.4 Asia Pacific
7.4.1 By Country
220.127.116.11 South Korea
18.104.22.168 South East Asia
22.214.171.124 Australia & NZ
126.96.36.199 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Distribution
7.4.4 By Flow rate
7.5 Latin America
7.5.1 By Country
188.8.131.52 Rest of Latin America
7.5.2 By Type
7.5.3 By Distribution
7.5.4 By Flow rate
7.6 Middle East and Africa
7.6.1 By Country
184.108.40.206 Middle East
7.6.2 By Type
7.6.3 By Distribution
7.6.4 By Flow rate
8. Key Player Analysis
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.4 FTI International
8.8 Scheidt & Bachmann
8.9 Tulsa Gas Technologies
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Global Compressed Natural Gas Dispenser Market By Region, From 2021-2026 ( USD Billion )
Global Compressed Natural Gas Dispenser Market By Type, From 2021-2026 ( USD Billion )
Global Time filling Market By Region, From 2021-2026 ( USD Billion )
Global Fast filling Market By Region, From 2021-2026 ( USD Billion )
Global Compressed Natural Gas Dispenser Market By Distribution, From 2021-2026 ( USD Billion )
Global Company-owned and company run Market By Region, From 2021-2026 ( USD Billion )
Global company-owned and dealer run Market By Region, From 2021-2026 ( USD Billion )
Global dealer-owned and dealer run Market By Region, From 2021-2026 ( USD Billion )
Global Compressed Natural Gas Dispenser Market By Flow rate , From 2021-2026 ( USD Billion )
Global Up to 15kg/Min Market By Region, From 2021-2026 ( USD Billion )
Global Up to 50kg/min Market By Region, From 2021-2026 ( USD Billion )
Global Up to 100kg/min Market By Region, From 2021-2026 ( USD Billion )