At 5.5% CAGR, the market size for fuel dispensers is expected to reach
LONDON, UK, 25 May 2021 (GLOBE NEWSWIRE) – The global demand for the fuel dispenser market in terms of revenue has been estimated at USD 2.14 billion and is expected to reach USD 3.66 billion by 2027, with a CAGR of 5.5% from 2021 to 2027. The global fuel dispenser market is expected to grow at a significant growth rate due to number of determining factors. The increase in the number of domestic and international business is expected to drive the growth of the fuel dispenser market.
Get a sample copy of this Premium Report @ https://brandessenceresearch.com/requestSample/PostId/1577
Fuel dispensers ensure easy access to various types of fuels. They are installed in different places for pumping fuel into storage tanks, vehicles or portable containers. They pump a precise amount of fuel into the tank. The construction and design of the fuel dispenser depends on various factors such as the size of the installation, the type of fuel, the quality and others. It also helps to deliver the required amount of fuel and simultaneously calculates the price of fuel. Fuel dispensers consist of several components such as nozzle, meter, sensor and others.
The growing adoption of bi-fuel or multi-fuel vehicles is the primary growth driver of the global fuel dispenser market
The major factors driving the growth of the fuel dispenser market are the increasing adoption of dual fuel or multi-fuel vehicles which in turn have created the demand for fuel dispensers. Additionally, technological advancements in fuel dispensers have led to the introduction of technologically advanced fuel dispensers and are expected to increase the market growth. Advanced fuel dispensers also help assist more vehicles to pump fuel at a time. It includes a scanner, customer identification keypad, video display, barcode and magnetic card terminal to provide reliable and accurate additional counting and refueling. In addition, the major players are gradually offering improved and advanced products such as customizable fuel dispensers to enhance the customer experience. Hence, the technologically advanced distributors are expected to drive the market growth during the forecast period.
However, the rising prices of petroleum-derived fuel and the increasing trend towards natural gas as well as the growing demand for electric vehicles are expected to hamper the growth of the market. On the other hand, the introduction of new products in the market along with the innovative technology as well as the growing demand for biofuel are expected to create plenty of opportunities in the fuel dispenser market during the forecast period.
Get the methodology of this report @ https://brandessenceresearch.com/requestMethodology/PostId/1577
Top Companies in the Fuel Dispenser Market: Gilbarco Inc., Dover Fueling Solutions, Tatsuno Corporation and Bachmann Tubs doo, 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. News: Dover Fueling Solutions (DFS) Company Launches All New MagLink LX 4 Console
November 30, 2020 – DFS Company offers advanced fuel dispensing equipment, electronic and payment systems, fleet systems, automatic tank gauging and wet inventory management, is delighted to launch its next generation console, the ProGauge MagLink LX 4.
Asia-Pacific is expected to dominate the global fuel dispenser market
Asia-Pacific is expected to grow at a significant rate due to the increase in the auto industry in the region. This development is attributed to the growing demand for natural gas vehicles (NGV) in this region. In addition, emerging economies, such as India and China, are focusing on the environment to prevent the harmful effects of vehicle emissions. This would also support the demand for fuel distributors in this province.
North America, on the other hand, is expected to remain in second place in terms of revenue thanks to higher sales of new vehicles. In addition, the increasing number of CNG stations would trigger the demand for fuel dispensers in this region in the near future. Finally, the European Union plans to invest around USD 179.17 million to advance new CNG stations in the region.
The COVID-19 pandemic has led to several ups and downs in the global economy that have affected all industries around the world. The spread of covid-19 has led to a government-imposed lockdown and strict laws to prevent the spread of the coronavirus which has affected import and export business globally. It has also affected the supply and demand for fuel from other countries which is expected to negatively impact the fuel dispenser market.
This market is segmented on the basis of product, type and application. Based on the product, it is divided into general fuel dispenser and self-service fuel dispenser. Based on the type, it is classified into submersible and suction, while depending on the application, it is separated into gasoline, diesel and biofuel.
Segmentation of the global fuel dispenser market:
- General fuel dispenser
- Self-service fuel dispenser
Key Benefits of the Global Fuel Dispensers Market Report –
- The Global Fuel Dispensers Market report covers in-depth historical and forecasting analysis.
- Global Fuel Dispensers Market Research Report provides detailed information regarding market introduction, market summary, global market revenue (USD Revenue), market drivers, market restraints, market opportunities, competitive analysis, regional level and national.
- The Global Fuel Dispenser Market report helps in identifying opportunities in the market.
- The Global Fuel Dispenser Market report covers an in-depth analysis of the emerging trends and competitive landscape.
Fuel Dispensers Market by Regional and National Level:
- South East Asia
Want to get the full report? Here is how you can access:
- Join other customers who receive this report, along with thousands of other fuel dispenser forecasts, briefings, charts and research reports delivered to their inbox. >> Register now
Key trend reports before and after the impact of Covid-19:
Automotive Fuel Tanks Market By fuel tank type (plastic, steel, aluminum), by capacity type (70 L), by vehicle type (passenger cars, heavy trucks, buses and coaches, commercial vehicles), industry analysis, trends and forecast 2027
Alternative fuels and hybrid vehicles market Global Business Analysis 2020 and Industry Snapshot to 2025
Zero Energy Home Market: Global Industry Analysis 2015 to 2020 and Assessment of Opportunities 2021 to 2027
Global EOR Surfactant Market Industry Analysis 2015 to 2020 and assessment of opportunities 2021 to 2027
The Brandessence Market Research publishes market research reports and business information produced by highly trained and experienced industry analysts. The Brand Essence Market Research report will be best suited for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs and directors, governments, agencies, organizations and doctoral students. Students. We have a delivery center in Pune, India and our sales office is in London.