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Fuel Dispensers Market Size, Share and Global Trend By Fuel (Petrol, Diesel, CNG), By Dispenser Systems (Submersible Systems, Suction Systems), By Flow Meter (Mechanical, Electronic) and By Geography Forecast till 2026

Region : Global | Report ID: FBI100431 | Status : Ongoing

 

KEY MARKET INSIGHTS

Fuel dispensers ensure easy access to different kinds of fuels. Fuel dispensers are installed at various locations to pump the fuel into the vehicle, storage tank, or portable containers. Fuel dispensers ensure pumping of the accurate amount of fuel in the tank. New advancements in fuel dispensers help in attending more number of vehicles at a time for fuel pumping.


On the basis of fuel, fuel dispensers can be segmented into petrol, diesel, CNG, and others. The change towards cleaner fuels like is likely to boost CNG dispensers growth in the coming time. On the basis of dispenser systems, fuel dispensers can be segmented into submersible and suction systems. Submersible systems have a low cost of maintenance, low installation cost, and high efficiency as compared to suction systems which makes them more preferable.


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On the basis of flow meter, fuel dispensers can be segmented into mechanical and electronic flow meters. Electronic flow meters have high accuracy, high stability and are more reliable as compared to mechanical flow meters.


The major market driver for the global fuel dispensers market is the increasing adoption of dual fuel or multi-fuel vehicles. Majority of the lower segment customers prefer dual fuel vehicle in order to have economies in long-distance travel. The shifting trend has increased the demand for fuel dispenser which can dispense multiple types of fuel at the same time.


Key market restraint for the global fuel dispenser market is the rising demand for electric vehicles which eliminates the use of fuels. The high cost of Installation and maintenance of the fuel dispensers can also act as a restraint for fuel dispensers market.


KEY PLAYERS COVERED


Some of the notable companies in the fuel dispenser market are Gilbarco, Wayne Fuelling Systems, LLC, Tatsuno Corporation, Tokheim, Censtar Science and Technology Corporation, Zhejiang Datian Machine Co.,Ltd, Bennett Pump, Dover Fueling Solutions, Scheidt and Bachmann, Neotec, Beijing Sanki Petroleum Technology Co.,Ltd., Shenzhen Kaisai Electric Motor Co., Ltd., Piusi S.p.A., and LanFeng Co.,LTD.


SEGMENTATION


























 SEGMENTATION



 DETAILS



By Fuel



·      Petrol


·      Diesel


·      CNG


·      Others



By Dispenser Systems



·      Submersible Systems


·      Suction Systems



By Flow Meter



·      Mechanical


·      Electronic



By Geography



·      North America (USA, Canada)


·      Europe (UK, Germany, France, Italy, Spain, Russia 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 fuel dispensers market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In North America, the USA drives the market and it is the largest market in the region. In Europe, Germany, United Kingdom, France, and Spain have well-established fuel dispenser market. The Asia Pacific region holds the highest potential for fuel dispensers market in the coming years. China has been the leader in the domestic market with being a prominent producer and consumer of fuel dispensers.


KEY INDUSTRY DEVELOPMENTS



  • In September 2018, Oil companies across India started upgrading their fuel dispensers to display three-digit rates. This step came in as the fuel prices were hitting the hundred mark and old dispensers could only display 2 digits before the decimal.

  • In January 2019, Indian oil announced to set up 27000 new fuel stations across India, inviting applications from entrepreneurs. Contracts that were awarded to them from Saudi Aramco for conventional projects in shallow water offshore Saudi Arabia which include oil production dock manifolds and subsea pipelines.

  • In June 2018, Gilbarco Veeder-Root acquired Midco ltd. Midco designs and manufactures fuel dispensers and equipment related to the fuelling station.


Fuel Dispensers Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2019
  • 2016-2018

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