CNG Dispenser Market accounted for US$ 203.43 million in 2020 and is estimated to be US$ 427.33 million by 2030 and is anticipated to register a CAGR of 7.8%. The calorific value and content of compressed natural gas (CNG) are both high. It is less polluting when used. It produces heat and is abundantly available all throughout the planet. It's one of the potential alternatives to the car industry's traditional energy sources. A CNG dispenser is a unique form of fuel dispenser found at gas stations. It is used to fill automobiles with compressed natural gas (CNG). The world's energy usage is steadily increasing. CNG dispensers are in high demand all over the world to meet the increased demand for energy in the automobile industry.
The report " Global CNG dispenser Market, By Type (Fast Fill and Time Fill), By Flow Rate (Up to 15, Up to 50, and Up to 100 Kg/Min), By Distribution (Company Owned & Company Run, Company Owned & Dealer Run, and Dealer Owned & Dealer Run), and By Region (North America, Latin America, Europe, Middle East, Asia Pacific, and Africa) - Trends, Analysis and Forecast till 2028.’’
Key Highlights:
- In June 2021,In collaboration with Mahanagar Gas, the Uttam Group has introduced 'Ashvath,' an integrated CNG refuelling machine for convenient CNG fuel dispensing into automobiles. Ashvath will begin operations in Mumbai, in collaboration with MGL and other CGD (City Gas Distribution) businesses, and subsequently expand across the country in phases.
- In March 2021,INOXCVA, one of the world's premier cryogenic technology companies, has announced the construction of India's first LNG dispenser. The creation of this LNG Dispenser would be critical in increasing the usage of environmentally clean and sustainable LNG.
Analyst View:
The majority of the market's main companies are engaged in sophisticated research and development operations to create new ways of natural gas extraction and processing for use in the automobile sector. This is propelling the market for CNG dispensers. The market for CNG dispensers is being held back by challenges relating to leaks. A minor leak can sometimes result in a massive fire breakout. Even if CNG dispensers were commercially viable, the technology would not determine the energy future on its own. The market for CNG dispensers is being held back by challenges relating to leaks.
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Key Market Insights from the report:
Global CNG Dispenser Market accounted for US$ 203.43 million in 2020 and is estimated to be US$ 427.33 million by 2030 and is anticipated to register a CAGR of 7.8%. Global CNG dispenser market is segmented into type, flow rate, distribution and region.
- Based on Type, the Global CNG dispenser Market is segmented into Fast Fill and Time Fill.
- Based on Flow Rate, the Global CNG dispenser Market is segmented into Up to 15, Up to 50, and Up to 100 Kg/Min.
- Based on Distribution, the Global CNG dispenser Market is segmented into Company Owned & Company Run, Company Owned & Dealer Run, and Dealer Owned & Dealer Run.
- By Region, the Global CNG dispenser Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.The market in Asia Pacific currently dominates the market for CNG dispenser and is expected to continue its strong hold for a few more years owing to increasing use of natural gas vehicles in the countries such as China and India of the region.
Competitive Landscape & their strategies of Global CNG dispenser Market:
The key players in the global CNG dispenser market includes Bennett, Censtar, Compac, FTI International, Kraus, Lanfeng, Sanki, Scheidt & Bachmann, Tulsa Gas Technologies, and Tatsuno.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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