Fuel Dispenser Market Size and Forecasted Analysis 2024-2028
Rising demand for petroleum and CNG products, along with the growth of hybrid vehicles, will boost the fuel dispenser market.
TechSci Research forecasts
significant growth in the Global Fuel
Dispenser Market from 2018 to 2028. Increased awareness of biofuels and
supportive government policies are driving market expansion, particularly for
hydrogen and CNG-fueled vehicles.
The automotive industry's
substantial growth worldwide, coupled with increased biofuel awareness,
contributes to market momentum. Governments offer subsidies to promote hydrogen
and CNG vehicle usage. Technological advancements, including electronic dispensing
systems and AI integration, further fuel market growth. Rising consumer
spending and infrastructural developments also play key roles in driving market
growth.
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The global fuel dispenser market is divided by fuel type, dispenser system,
flow meter, application, and region. Fuel types include petroleum, compressed,
biofuels, and others. Dispenser systems are categorized as submersible and
suction, while flow meters are either mechanical or electronic. Applications
cover petrol, diesel, biofuel, and others. Regions encompass Europe, North
America, Asia-Pacific, South America, and the Middle East & Africa.
In 2022, the submersible
dispenser system dominated due to its cost-effectiveness and ease of
maintenance. Petrol was the leading application, driven by increased industrial
and commercial energy demand. The electronic flow meter segment led, benefiting
from reliability and technological advancements such as online payments and
automated systems.
Asia-Pacific led the market in
2022 and is expected to continue dominating, fueled by major customers,
manufacturing advantages, and growth in industrialization and urbanization,
especially in countries like India and China.
Major market players operating in the global fuel
dispenser market are:
· Dover
Fueling Solutions
· Gilbarco
Inc
· Tatsuno
Corporation
· Scheidt
& Bachmann Tubs d.o.o.
· Bennett
Pump Company
· NEOTEC
· Piusi
SpA
· Lanfeng
Technology Inc.
· Tominaga
Mfg Co.
· Censtar
Science & Technology Corp., Ltd.
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"Fuel retailers are adapting to consumer demands by enhancing digital and
physical experiences, moving away from traditional models. Digital advancements
are crucial for market growth. Automated fuel dispensers are gaining
popularity, prompting manufacturers to innovate. With increased use of
conventional and alternative fuels, the market is expected to grow. Karan
Chechi, Research Director at TechSci Research, highlights these trends.
The global Fuel Dispenser
Market, analyzed in TechSci Research's report, forecasts growth from 2018 to
2028. It examines fuel types, dispenser systems, flow meters,
applications, and regional competition. The report aims to offer actionable
market insights, identifying trends, drivers, challenges, and
opportunities."
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