September 19, 2018 - 8:34 AM EDT
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$225 Million CNG Dispenser Market - Global Forecast to 2023 - ResearchAndMarkets.com

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The "CNG Dispenser Market by Type (Fast Fill and Time Fill), Flow Rate (Up to 15, Up to 50, and Up to 100 Kg/Min), Distribution (Company Owned & Company Run, Company Owned & Dealer Run, and Dealer Owned & Dealer Run), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The CNG dispenser market is projected to reach USD 225.5 million by 2023, at a CAGR of 7.76%, from an estimated USD 155.2 million in 2018, at a CAGR of 7.76%, from 2018 to 2023.

Stringent emission policies in prominent countries and rise in demand for natural gas vehicles are the major drivers that would trigger growth in the CNG dispenser market. Easy transition to biofuels can hinder the growth of the CNG dispenser market.

The fast fill segment is expected to grow at the highest CAGR during the forecast period. The fast fill stations are primarily for light-duty vehicles such as vans, pickups, and sedans, which arrive randomly and need to fill up quickly, and hence is expected to offer a lucrative opportunity for the CNG dispenser market.

The up to 100 kg/min segment is expected to grow at the highest CAGR during the forecast period. The higher flow rate of the dispenser helps fill the tanks faster. The flow rate of the dispenser is configured on the basis of station requirements and the type of vehicles serviced. These factors are likely to boost the demand for the CNG dispenser market.

Asia Pacific is currently the largest market for CNG dispensers, followed by Europe. A wide variety of industries such as manufacturing, mining, oil & gas, textiles, and automation in the region is expected to drive the CNG dispenser market in the Asia Pacific region during the forecast period. China accounted for the largest share of the CNG dispenser market in the Asia Pacific region in 2017. The country showed a significant growth in the number of refueling stations. Moreover, the country has tightened its environmental policy by shifting focus from new heavy-duty vehicles to new gas trucks. Thus, the growing focus on environmental safety will drive the CNG dispenser market in China.

The leading players in the CNG dispenser market include Bennett (US), Censtar (China), Compac (New Zealand), FTI (Canada), Kraus (Canada), Lanfeng (China), Sanki (China), Scheidt & Bachmann (Germany), Tulsa (India), Tatsuno (Japan), Dover (US), Parker (US), and Fortive (US).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 CNG Dispenser Market, By Type

7 CNG Dispenser Market, By Distribution

8 CNG Dispenser Market, By Flow Rate

9 CNG Dispenser Market, By Region

10 Competitive Landscape

11 Company Profiles

  • Bennett
  • Censtar
  • Compac
  • Dover
  • Fortive
  • FTI International
  • Kraus
  • Lanfeng
  • Parker
  • Sanki
  • Scheidt & Bachmann
  • Tatsuno
  • Tulsa Gas Technologies
For more information about this report visit https://www.researchandmarkets.com/research/vr5g7m/225_million_cng?w=4

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Related Topics: Natural Gas


Source: Business Wire (September 19, 2018 - 8:34 AM EDT)

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