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Fuel Dispenser Market

Fuel Dispenser Market Size, Share & Trends Analysis Report

Fuel Dispenser Market Size Share Companies & Trends Analysis Report By Product (General Fuel Dispenser, Self-Service Fuel Dispenser), By Type(Submersible, Suction), By Application (Petrol, Diesel, Biofuel), Based On Region And Segment Forecasts 2022 - 2028

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Published
Report ID : BMRC 1577
Number of pages : 300
Published Date : Dec 2022
Category : Energy And Mining
Delivery Timeline : 48 hrs
PricingPricing

Fuel Dispenser Market is valued at USD 2.63 Billion in 2021 and expected to reach USD 3.8 Billion by 2028 with a CAGR of 5.4% over the forecast period. 

Overview

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.

Industry Insights

  • The Global Fuel Dispenser Market was valued at USD 2.63 Billion in 2021
  • It is anticipated to reach USD 3.8 Billion by 2028
  • A CAGR of 5.4% is anticipated over the forecast period

Key Players:

Some of the key players for global fuel dispenser market are

  • Gilbarco Inc.
  • Dover Fueling Solutions
  • Tatsuno Corporation
  • Bachmann Tubs d.o.o.
  • Korea EnE Co. Ltd
  • Zhejiang Datian Machine Co. Ltd
  • NEOTEC
  • LanFeng Co. Ltd
  • Piusi SpA
  • Beijing Sanki Petroleum Technology Co. Ltd
  • Censtar Science & Technology Corp. Ltd
  • Tominaga Mfg Co
  • Bennett Pump Company
  • Dover Corporation
  • Fortive Corporation
  • Scheidt & Bachmann GmbH
  • Tominaga Mfg
  • Others

Segmentation Analysis

By Product:

  • General fuel dispenser
  • Self-service fuel dispenser

By Type:

The global dispenser system market was dominated by the submersible segment, due to its advantages such as fast fueling, active air elimination, safety & ease of maintenance, simple servicing, and reliability. Furthermore, the lower initial maintenance and service costs associated with submersible systems compared to other systems is expected to drive market growth over the forecast period.

By Application:

The biofuel segment is expected to register the highest growth. This is attributed to the increasing awareness regarding the use of biofuels in order to reduce carbon emissions from the transportation sector. In addition, support from governments of various countries in the form of subsidies and tax incentives for the production and usage of biofuels is projected to further drive the segment growth.

The electronics segment held the largest market share of the fuel dispenser market, due to the increasing demand for electronic fuel dispensers. These are favored for their high accuracy, reliability, and performance, compared to mechanical fuel dispensers. Moreover, technological developments such as online payment, printing, digital measurement, and automated fuel dispensing systems are likely to drive the growth of the electronics fuel dispenser market in the forecast period.

By Region:

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Sweden
  • Netherland
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe

Asia-Pacific

  • South Korea
  • Japan
  • China
  • India
  • Australia
  • Philippines
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Rest Of APAC

Latin America

  • Mexico
  • Colombia
  • Brazil
  • Argentina
  • Peru
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest Of MEA

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.

Covid-19 Impact

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.

Market Drivers

Increasing Adoption of Dual Fuel or Multi-Fuel Vehicles

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 help 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.

Rising prices of petroleum-derived fuel to hamper the market

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.

Opportunities

Emergence of new R&D and technological advancements to create opportunities

Furthermore, the adoption of automated and smart technologies, such as automated tank gauging systems and smart pumps, is likely to reduce the need for manual intervention and consequently, improve the efficiency of fuel dispensers. Additionally, the surge in the demand for automated fuel dispensers is expected to drive the adoption of cloud platforms, embedded electronic dispensing systems, and many more digital technologies, to enable a seamless consumer experience.

Recent Developments

  • In 2022, Kuwait Petroleum North West Europe and Scheidt & Bachmann GmbH entered into an agreement to bring SIQMA innovations to Belgium and Luxembourg.
  • In 2022, the Shopping Centre Parque Ademuz in Valencia had a parking management system installed by Scheidt & Bachmann GmbH in its Commercial Area annex.
  • In 2022, Worldline and Scheidt & Bachmann GmbH will come together to provide European fuel retailers with a comprehensive payment solution for customers at petrol stations. This new fuel solution will enable customers to have a streamlined and convenient payment experience.
  • On November 30th, 2020 DFS Company bought advanced fuel dispensing equipment, electronic systems and payment, fleet systems, automatic tank gauging and wet stock management, is delighted to launch its next generation console, the ProGauge MagLink LX 4.
Report Analysis Details
Historical data 2018 - 2021
Forecast Period 2022 - 2028
Market Size in 2021: USD 2.63 Billion 
Base year considered 2021
Forecast Period CAGR %:

5.4%

Market Size Expected in 2028: USD 3.8 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, Tominaga Mfg Co, Bennett Pump Company,  Dover Corporation, Fortive Corporation, Scheidt & Bachmann GmbH, Tominaga Mfg, others.
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
SUMMARY
VishalSawant
Vishal Sawant
Business Development
vishal@brandessenceresearch.com
+91 8830 254 358
Book Appointment
Book 15 min Free Analyst Call
Segmentation
Segments

By Product:

  • General fuel dispenser
  • Self-service fuel dispenser

By Type:

  • Submersible
  • Suction

By Application:

  • Petrol
  • Diesel
  • Biofuel
Country
Regions and Country

North America

  • U.S.
    U.S.
  • Canada
    Canada

Europe

  • Germany
    Germany
  • France
    France
  • U.K.
    U.K.
  • Italy
    Italy
  • Spain
    Spain
  • Sweden
    Sweden
  • Netherlands
    Netherlands
  • Turkey
    Turkey
  • Switzerland
    Switzerland
  • Belgium
    Belgium
  • Rest of Europe

Asia-Pacific

  • South Korea
    South Korea
  • Japan
    Japan
  • China
    China
  • India
    India
  • Australia
    Australia
  • Philippines
    Philippines
  • Singapore
    Singapore
  • Malaysia
    Malaysia
  • Thailand
    Thailand
  • Indonesia
    Indonesia
  • Rest of APAC

Latin America

  • Mexico
    Mexico
  • Colombia
    Colombia
  • Brazil
    Brazil
  • Argentina
    Argentina
  • Peru
    Peru
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
    Saudi Arabia
  • UAE
    UAE
  • Egypt
    Egypt
  • South Africa
    South Africa
  • Rest of MEA
Company
Key Players
  • Gilbarco Inc.
  • Dover Fueling Solutions
  • Tatsuno Corporation
  • Bachmann Tubs d.o.o.
  • Korea EnE Co. Ltd
  • Zhejiang Datian Machine Co. Ltd
  • NEOTEC
  • LanFeng Co. Ltd
  • Piusi SpA
  • Beijing Sanki Petroleum Technology Co. Ltd
  • Censtar Science & Technology Corp. Ltd
  • Tominaga Mfg Co
  • Bennett Pump Company
  • Dover Corporation
  • Fortive Corporation
  • Scheidt & Bachmann GmbH
  • Tominaga Mfg
  • others

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