Cng Dispenser Market Size, Share and Global Trend By Technology (Fast fill, Time-fill), By Flow Rate (Up to 15 kg/min, Up to 50 kg/min, Up to 100kg/min), By Ownership (Company Owned and Company Operated, Company Owned and Dealer Operated, Dealer Owned and Dealer Operated) and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
Sustainable development is the primary goal of several countries and global organization like the United Nations. Traditional energy contributes to pollution and increases global warming. Alternative energy sources are essential to achieve sustainable energy goals. Compressed Natural Gas (CNG) is one of the most viable alternatives to traditional fuel energy resources for the automotive industry.
CNG is low in pollutants, high in calorific value and heat yield, economical and available in abundance globally. CNG dispensing systems will be widely used. As a result of the rising popularity of CNG and increasing awareness. For transportation of natural gas within a city, a pipeline is laid from the city gate station where natural gas is pushed at a pressure of 15 bars or even lower.
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To dispense gas to CNG vehicles, there are CNG stations at various locations, where the gas is compressed up to 250 bars initially and then administered to vehicles at a pressure of 200 bars. CNG dispensing system consists of compressors, dispenser, cascade, pipelines, tubing, etc.
Based on technology, the CNG dispenser system market can be segmented into fast fill and time fill. Fleets use Time-fill stations while retail outlets use fast-fill stations. Based on flow rate, CNG dispenser system market is divided into up to 15 kg/min, up to 50 kg/min and up to 100 kg/min. Based on ownership, CNG dispensing stations are divided into company-owned, and company-operated, company-owned and dealer operated, and dealer-owned and dealer operated.
The primary market driver for the global CNG dispenser system market is the increase in demand for the alternate and clean source of energy in automobiles. Also, increasing awareness about decreasing the carbon footprints is even driving the market growth of CNG dispenser system market. Key market restraint for the global CNG dispenser system market is the volatile prices of crude oil. Global trade sanctions and tariff barrier can increase the rates of crude oil and make CNG unaffordable to the common public.
Key Players Covered
Some of the notable companies in the global CNG dispenser market are WEH GmbH, Kraus Global Ltd., FTI International Group Inc., Tatsuno Europe a.s., Wayne Fueling Systems, Gilbarco Veeder-Root, Tokheim, Parker, Tulsa Gas Technologies, Nirmal Industrial Controls Pvt Ltd (NICPL), Hitachi Automotive Systems Measurement, Ltd., Compac Industries, Allport, Greka Engineering, Fornovo Gas Srl and Bennett Pump Company.
SEGMENTATION
SEGMENTATION | DETAILS |
By Technology | · Fast fill · Time-fill |
By Flow Rate | · Up to 15 kg/min · Up to 50 kg/min · Up to 100kg/min |
By Ownership | · Company Owned and Company Operated · Company Owned and Dealer Operated · Dealer Owned and Dealer Operated |
By Geography | · North America (USA and Canada) · Europe (UK, Germany, France, Italy, Spain and Rest of Europe) · Asia Pacific (China, India, Japan, Australia, Southeast Asia and Rest of Asia Pacific) · Latin America (Brazil, Mexico and Rest of Latin America) · Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa) |
Regional Analysis
The global CNG dispenser market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the market leader in the automobile sector. Increase in use of CNG vehicles in the USA can provide steady growth for CNG dispenser systems. The regulatory push towards an alternate source of energy in China and Europe is expected to boost CNG dispenser systems. The increasing popularity of CNG in developing countries like India, Bangladesh due to higher mileage at a lower cost has raised the sale of CNG dispenser systems. Retrofitting of CNG systems in traditional automobiles is also gaining popularity.
Key Industry Developments
- In July 2019, Yantai CIMC Raffles Shipyard (CIMC Raffles) has won a contract from Australia’s Global Energy Ventures (GEV) to build up to eight compressed natural gas (CNG) carriers. The contract includes a definitive order for four CNG Optimum 200 million standard cubic feet ships, as well as an option to construct four further vessels.
- In July 2019, Estonia’s largest compressed natural gas (CNG) filling station with 48 refueling units will be opened on July 2019 in the eastern city of Tartu, to serve the city’s new public transportation fleet of CNG-powered buses. The station is operated by Estonian energy company AS Alexela and will refuel buses of the Go Bus transport company.
- Ongoing
- 2023
- 2019-2022
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