Global CNG Dispenser Market Forecast to 2026 - A $296.9 Million Opportunity - ResearchAndMarkets.com
The "CNG
Dispenser - Global Market Outlook (2017-2026)" report has been
added to ResearchAndMarkets.com's offering.
According to this report, the Global CNG Dispenser market accounted for
$141 million in 2017 and is expected to reach $296.9 million by 2026
growing at a CAGR of 8.6% during the forecast period.
The low running costs of natural gas vehicles and the emission policies
are driving the market. However, the possible transition to bio fuels is
restraining the market.
The CNG dispenser is a variant in fuel dispensers, where the respective
fuel that is compressed natural gas is pumped into the vehicles. The
demand for CNG dispensers are being increased due to the efficiencies of
CNG i.e. low in pollutants, high in yielding heat content, great
calorific values and being very economical etc. Various type of alloys
are used in manufacturing the dispensing equipment.
Based on flow rate, the up to 100 kg/min segment is estimated to hold
good market share during the forecast period. This type of flow is
suited for light-duty vehicles that require quick filling. For instance,
vehicles such as vans, pickups, and sedans need random refuelling.
Asia Pacific is expected to grow magnificently during the forecast
period. 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.
Flow Rates Covered:
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Up to 100 Kg/Min
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Up to 50 Kg/Min
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Up to 15 Kg/Min
Types Covered:
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Time Filling
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Fast Filling
Distributions Covered:
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Dealer Owned & Dealer Run
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Company Owned & Company Run
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Company Owned & Dealer Run
Applications Covered:
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L-CNG Filling Stations
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Other Applications
Companies Profiled:
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Gilbarco
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Tulsa Gas Technologies
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Tatsuno
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Scheidt & Bachmann
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Sanki
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Fortive
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FTI International
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Korea EnE
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Kraus
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Lanfeng
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Parker
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Censtar
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Compac
-
Dover
-
Piusi
-
Bennett
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Tokhein
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Neotec
-
Wayne
-
Tominaga
For more information about this report visit https://www.researchandmarkets.com/research/xps784/global_cng?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20190118005228/en/
Copyright Business Wire 2019
Source: Business Wire
(January 18, 2019 - 8:19 AM EST)
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