Market Overview:
The global CNG dispenser market is expected to grow from USD 0.13 million in 2022 to USD 0.28 million by 2032, at a CAGR of 9% during the forecast period. This growth can be attributed to the rising demand for natural gas vehicles (NGVs), with growing refueling infrastructure across the countries.
The CNG dispenser market is segmented by type, flow rate, distribution, and region. By type, the market is segmented into fast fill and time fill. The fast fill segment is expected to dominate the market during the forecast period. Fast fill CNG dispensers are capable of filling a vehicle's CNG tank in 3-5 minutes, which is significantly faster than time fill dispensers, which can take up to 15 minutes.
Key Players:
- Fortive (US)
- Dover (US)
- Tulsa Gas Technologies (India)
- Scheidt & Bachmann (US)
- Kraus (US)
- Compac (US)
- Bennett (US)
- Censtar (China)
- FTI International (Canada)
- Lanfeng (China)
- Sanki (China)
- Parker (US)
- Tatsuno (Japan)
- WEH (Germany)
Market Segmentation:
The CNG gadget market has been separated across the globe in light of the kind, application, end client, and area.
By Type
- Quick fill
- Time fill
By Distribution
- Organization claimed and organization run
- Organization possessed and vendor run
- Vendor possessed and seller run
By Flow rate
- Up to 15 kg/min
- Up to 50 kg/min
- Up to 100 kg/min
By Region
- the Asia Pacific
- Europe
- North America
- South America
- Center East and Africa
Regional Analysis
The worldwide CNG container market has been separated across the globe in view of the district into the European locale, North American area, Asia-Pacific district, Latin American district, and the Middle East and African area. The biggest piece of the pie in the worldwide market is held by the North American area, attributable to the rising interest in cars. Likewise, the rising worries connected with the climate are energizing the worldwide market development during the continuous period.
The APAC district is projected to partake in the second-biggest piece of the pie. The development of the vehicle business drives the market interest around here. Additionally, positive development has been seen in the spending limit of individuals.
Industry News:
- Nations having a place with the APAC locale; for example, China and India have a rising number of petroleum gas vehicles and refueling stations. Besides, the CNG gadget market works that are winning in different nations like Australia, Japan, and South Korea have a significant number of gaseous petrol vehicles, which are supposed to drive the CNG distributor market in the Asia Pacific locale during the figure time frame.
- The CNG pump market size is divided internationally, by stream rate, into up to 15 kg/min, up to 50 kg/min, and up to 100 kg/min. The up to 100 kg/min fragment of the worldwide market held the biggest offer in the market in 2017 and is supposed to develop at the quickest CAGR during the continuous period finishing in 2027. The idea of Light-obligation vehicles is pushed, and the market understands the need that requires fast filling. The streaming pace of the CNG container is arranged based on station necessities and the sort of vehicles adjusted.
Related Reports
Global Solar Thermal Collectors Market
Hydrogen Generation Market size