Fuel Dispenser Market

Fuel Dispenser Market: Global Industry Analysis 2015 to 2020 and Opportunity Assessment 2021 to 2027

  • Report ID: BMRC 1577 | Number of pages: 195 | Published Date: May 2021
    Status: Published | Category: Energy And Mining | Delivery Timeline: 48 hrs

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Market Size Forecast Scenarios (Optimistic, Baseline and Pessimistic) 2021-2027

Global Fuel Dispenser Market is valued at USD 2.14 Billion in 2017 and expected to reach USD 3.66 Billion by 2027 with a CAGR of 5.5% over the forecast period.

Fuel Dispenser Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Increasing Number of National and International Activities are anticipated to drive growth Fuel Dispenser Market.

Scope of Global Fuel Dispenser Market Report

Fuel dispensers ensure easy access to diverse kinds of fuels. They are installed at different locations for fuel pumping into storage tanks, vehicles, or portable containers. They ensure the pumping of a precise amount of fuel in the tank. The fuel dispenser construction and design depend on various factors such as size of the facility, fuel type, grade, and others. It also helps to deliver required amount of fuel and simultaneously calculates the price of fuel. The fuel dispensers consist of several components such as nozzle, meter, sensor, and others.

The COVID-19 pandemic led to several ups and downs in the global economy which has affected all the industries all around the globe. The spread of covid-19 led to government-imposed lockdown and stringent laws to prevent the spread of coronavirus which has affected the import and exports activities on a global level. This has also affected the supply and demand for fuel from other countries which is expected to negatively affect the fuel dispenser market.

This market is segmented based on product, type and application. On the basis of product, it is split into General fuel dispenser and self-service fuel dispenser. Based on type it is classified into Submersible and Suction, whereas based on application it is separated into Petrol, Diesel and Biofuel.

Global Fuel Dispenser Market Segmentation:

By Product:

  • General fuel dispenser
  • Self-service fuel dispenser

By Type:

  • Submersible
  • Suction

By Application:

  • Petrol
  • Diesel
  • Biofuel

The regions covered in this Fuel Dispenser Market report are North America, Europe, Asia-Pacific and Rest of the World. On the base of country level, the marketplace is sub divided into U.S., Mexico, Canada, U.K., Germany, France, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

Key Players for Global Fuel Dispenser Market Report:

The key players of the global fuel dispenser market are Gilbarco Inc., Dover Fueling Solutions, Tatsuno Corporation, & Bachmann Tubs d.o.o., Korea EnE Co., Ltd, and Zhejiang Datian Machine Co., Ltd, NEOTEC, LanFeng Co., Ltd, Piusi SpA, Beijing Sanki Petroleum Technology Co., Ltd, Censtar Science & Technology Corp., Ltd, and Tominaga Mfg Co.

Fuel Dispenser

News:

Dover Fueling Solutions (DFS) company Releases Brand-New MagLink LX 4 Console

November 30th, 2020 –DFS Company brings advanced fuel dispensing equipment, electronic systems and payment, fleet systems, automatic tank gauging and wetstock management, is delighted to launch its next generation console, the ProGauge MagLink LX 4.

Increasing Adoption of Dual Fuel or Multi-Fuel Vehicles are the Major Factors Drive the Growth of Global Fuel Dispenser Market

The major factors driving the growth of fuel dispenser market is the rising adoption of Dual Fuel or Multi-Fuel Vehicles which in turn created the demand for Fuel Dispensers. Furthermore, technological advancements in fuel dispensers led to the introduction of technologically progressive fuel dispensers and expected to augment the market growth. Advanced fuel dispensers also helps in attending more vehicles at a time for pumping fuel. It includes a scanner, customer identification keypad, video screen, barcoding, and magnetic card terminal to offer additional dependable and precise metering and refueling. In addition, key players are progressively coming up with improved and advanced products such as customizable dispensers of fuel to improve customer experience. Hence, technologically advanced dispensers are set to drive market growth during the projected time frame.

However, the rising prices of petroleum derived fuel and rising inclination towards natural gas along with the increasing demand for electric vehicles are expected to hamper the market growth. On the other hand, introduction of new products to the market along with innovative technology as well as rising demand for biofuel is expected to create ample opportunities in the fuel dispenser market over the forecast period.

Asia Pacific is expected to Dominate the Global Fuel Dispenser Market

Asia Pacific is expected to develop at a significant rate owing to the increase in automotive industry in the region. This development is attributed to the growing request for natural gas vehicles (NGVs) in this region. Also, emerging economies, such as India and China are focused on the environment to prevent the harmful effects of vehicle emissions. This would also support the demand for fuel dispensers in this province.

North America, on the other hand, is set to continue in the second position in terms of revenue assisted by the rising sale of new vehicles. Also, the increasing number of CNG stations would initiate the demand for fuel dispensers in this region in the upcoming future. Lastly, the European Union is planning to invest around USD 179.17 million to progress new CNG stations in the region.

Report Analysis Details
Historical data 2015 - 2020
Forecast Period 2021 - 2027
Market Size in 2020: USD 2.14 Billion 
Base year considered 2020
Forecast Period CAGR %:

5.50 %

Market Size Expected in 2027: USD 3.66 Billion 
Tables, Charts & Figures: 175
Pages 200
Key Players/Companies Gilbarco Inc., Dover Fueling Solutions, Tatsuno Corporation, & Bachmann Tubs d.o.o., Korea EnE Co., Ltd, and Zhejiang Datian Machine Co., Ltd, NEOTEC, LanFeng Co., Ltd, Piusi SpA, Beijing Sanki Petroleum Technology Co., Ltd, Censtar Science & Technology Corp., Ltd, and Tominaga Mfg Co
Segments Covered By Type, By Application, By Product
Regional Analysis North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits for Global Fuel Dispenser Market Report–

  • Global Fuel Dispenser Market report covers in-depth historical and forecast analysis.
  • Global Fuel Dispenser Market research report provides in detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
  • Global Fuel Dispenser Market report helps to identify opportunities in marketplace.
  • Global Fuel Dispenser Market report covers extensive analysis of emerging trends and competitive landscape.

Fuel Dispenser Market By Regional & Country Level:

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • France
  • Germany
  • Italy

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia

Latin America

  • Brazil
  • Mexico


Frequently Asked Questions (FAQ) :
Asia Pacific is expected to develop at a significant rate owing to the increase in automotive industry in the region. This development is attributed to the growing request for natural gas vehicles (NGVs) in this region
Global Fuel Dispenser Market is valued at USD 2.14 Billion in 2017 and expected to reach USD 3.66 Billion by 2027 with a CAGR of 5.5% over the forecast period.
Gilbarco Inc., Dover Fueling Solutions, Tatsuno Corporation, & Bachmann Tubs d.o.o., Korea EnE Co., Ltd, and Zhejiang Datian Machine Co., Ltd, NEOTEC, LanFeng Co., Ltd, Piusi SpA, Beijing Sanki Petroleum Technology Co., Ltd, Censtar Science & Technology Corp., Ltd, and Tominaga Mfg Co
Increasing Number of National and International Activities are anticipated to drive growth Fuel Dispenser Market



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