Global CNG Dispenser Market

CNG Dispenser Market Size, Share, Growth Analysis, By Dispenser Type(Fast-Filling and Time-Filling), By Application(L-CNG Filling Station and Others), By Distribution Channel(Company-Owned & Company-Run, Dealer-Owned & Dealer-Run and Company-Owned & Dealer-Run), By Region - Industry Forecast 2024-2031


Report ID: SQMIG10B2098 | Region: Global | Published Date: May, 2024
Pages: 178 |Tables: 85 |Figures: 70

CNG Dispenser Market Insights

Global CNG Dispenser Market size was valued at USD 262.51 million in 2022 poised to grow from USD 282.46 million in 2023 to USD 507.52 million by 2031, growing at a CAGR of 7.6% in the forecast period (2024-2031).

Compressed natural gas, or CNG, is made up of methane that is produced as biomass breaks down. Due to its high calorific value, it can be used in place of more traditional fuels like petrol, diesel and petrol. Customers can pump petrol into their gasoline tanks using a mechanical equipment called a fuel dispenser, which is located in petrol stations. Additionally, as more people use CNG, there is an increasing global demand for CNG dispensers. The market for CNG dispensers is expanding quickly at the moment since more people are switching from using conventional gasoline to CNG. When opposed to petrol or diesel, compressed natural gas (CNG) produces almost no hazardous emissions into the atmosphere in addition to having a high calorific value.

The main objective of many nations and international organizations, including the United Nations, is sustainable development. Global warming and pollution are exacerbated by traditional energy. Achieving sustainable energy goals requires the use of alternative energy sources. For the automotive sector, compressed natural gas, or CNG, is one of the most practical substitutes for conventional fuel energy sources. CNG is inexpensive, abundant worldwide, high in calorific value and heat yield, and low in pollutants.

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CNG Dispenser Market Segmental Analysis

The global CNG dispenser market is segmented based on dispenser type, application, distribution channel and region. In terms of dispenser type, the market is bifurcated into fast-filling and time-filling. Based on application, the market is divided into L-CNG filling station and others. In terms of distribution channel, the market is grouped into company-owned & company-run, dealer-owned & dealer-run and company-owned & dealer-run. Based on region, the market is segmented into North America, Europe, Asia Pacific, Central & South America and Middle East & Africa.

Analysis by Dispenser Type

As per categorization by dispenser type, the market is classified as fast-filling and time-filling. Among these, fast-filling earned the largest share and continues to dominate the market. The introduction of rapid filling dispenser types is leading to a rise in innovation in the global CNG dispenser market. Quick refueling is made possible by these dispensers, which decrease vehicle downtime and increase operational effectiveness. As fast filling can meet the needs of high-demand scenarios, including fleet operations, where turnaround times are critical, it is now leading the market. This pattern highlights a change in the infrastructure for CNG refueling towards simpler, more effective alternatives.

Due to a number of factors, the time filling dispenser type is anticipated to develop at the fastest rate in the global CNG dispenser market. First of all, time filling dispensers are convenient, especially in places where cars are parked for long stretches of time, such fleet parking lots or public transportation stations. They also support the increasing focus on sustainability since they make it easier to integrate renewable energy sources into the refueling process and improve off-peak energy optimization, which attracts more and more eco-aware customers and businesses.

Analysis by Distribution Channel

There is a discernible shift in the global CNG dispenser market towards dealer-run and company-owned business models, which is indicative of a smart innovation in distribution channels. This method makes use of dealerships' infrastructure and local knowledge while granting corporations direct control over dispenser distribution and service quality. Due to their capacity to guarantee consistent service levels, effective maintenance, and timely customer support—all of which improve overall reliability and customer satisfaction—company-owned and dealer-run installations command the majority of the market.

The global CNG dispenser market is expected to grow rapidly for both dealer-owned and dealer-run business models in addition to company-owned and company-run business models. By combining the operational know-how of dealerships with the interests of dispenser makers, these arrangements create synergies that lead to improved customer service and simpler procedures. Moreover, they provide increased market penetration and flexibility in response to regional preferences and laws. Their increased acceptance and market expansion are fueled by this combination approach, which guarantees thorough coverage, effective maintenance, and customized customer experiences.

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CNG Dispenser Market Regional Insights

Due to the large number of CNG vehicles, especially in the transportation industry, which fuels demand for CNG dispensers, North America leads the global market for CNG dispensers. The adoption of CNG vehicles by the North American transportation sector has led to a significant rise in demand for CNG dispensers. The North American CNG dispenser market has grown significantly as a result of the high demand for CNG dispensers. Numerous CNG vehicles are in use in the US and Canada for a range of purposes, including personal vehicles, delivery vans, and public transportation.

Due to a number of important considerations, Europe stands out as the second-largest region in the global CNG dispenser market. The region's strict emissions laws and steadfast dedication to environmental preservation encourage the use of greener fuel substitutes like compressed natural gas (CNG). Furthermore, market expansion is further supported by significant government assistance and infrastructure development programmes. Demand for CNG dispensers throughout the area is also being driven by Europe's thriving transportation industry and fleet operators' growing knowledge of the financial and environmental advantages of CNG. Additionally, they are using more natural gas as a clean fuel. Furthermore, the European region's fastest-growing CNG dispenser market was the UK, while Germany held the greatest market share.

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CNG Dispenser Market Dynamics

Drivers

Growing Need for Alternative and Clean Fuels

  • Growing public awareness of and concern over environmental pollution and greenhouse gas emissions has led to a strong demand for cleaner fuel options, such as compressed natural gas (CNG). As a cleaner fuel alternative to petrol and diesel, compressed natural gas (CNG) is becoming more and more well-liked due to its reduced emissions of dangerous pollutants. The increasing demand highlights a noteworthy transition towards eco-friendly transportation options, fuelled by increased public awareness of environmental issues.

Policies and Directives from the Government

  • Government regulations, incentives, and policies that promote the use of natural gas and CNG have the potential to significantly increase market share. There are many incentives available to promote the development and adoption of CNG infrastructure. For the development and use of CNG infrastructure, common incentives include tax credits, grants, subsidies, and refunds. Regulations that support cleaner fuel sources and set emissions limits are also common.

Restraints

Restricted Infrastructure for CNG

  • Dispensing infrastructure for CNG is often less accessible as compared to traditional petrol and diesel stations. This could function as a constraint, especially in places with minimal CNG infrastructure. In order to alleviate this restriction and encourage a broader acceptance of CNG as a cleaner fuel for transportation, efforts must be made to develop CNG infrastructure through public subsidies, commercial investments, and stakeholder cooperation.

High Setup Cost at First

  • High initial setup costs It might be costly to install CNG dispensers and the related infrastructure initially. This may discourage petrol station owners and operators who are considering making the move to CNG. Government grants, subsidies, and financing alternatives are a few strategies that could assist ease these financial burdens and encourage more petrol stations to sell CNG, hence promoting the fuel's broader use as a mode of transportation.

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CNG Dispenser Market Competitive Landscape

Prominent industry participants are making significant investments in R&D to broaden their product offerings, hence contributing to the CNG Dispenser Market's continued expansion. In order to increase their market share, market players are also engaging in a range of calculated strategic actions. Notable developments in this regard include the introduction of new products, contracts, mergers and acquisitions, increased investment, and cooperation with other businesses. By investing in research and development operations, major players in the CNG dispenser market, such as Censtar (China), FTI International (Canada), Lanfeng (China), Sanki (China), Parker (US), Tatsuno (Japan), WEH (Germany), and others, are hoping to boost market demand.

Top Player’s Company Profiles

  • Fortive (US)
  • Dover (US)
  • Tulsa Gas Technologies (India)
  • Scheidt & Bachmann (US)
  • Kraus (US)
  • Compac (US)
  • Bennett (US)
  • Censtar (China)
  • FTI International (Canada)
  • Lanfeng (China)
  • Sanki (China)
  • Parker (US)
  • Tatsuno (Japan)
  • WEH (Germany)

Recent Developments

  • In July 2021, A manufacturer of technology and equipment for petrol dispensing, Dover Fueling Solutions unveiled the Tokheim Quantium CNG dispenser. Customers will find it easier to refuel their CNG vehicles with the new dispenser's quicker fill times, improved safety features, and intuitive UI.
  • In September 2021, Gasboy, a well-known manufacturer of fuel dispensers and management systems, including CNG dispensers, has been purchased by the international industrial technology company Fortive Corporation. With the acquisition, Fortive hopes to expand its product line and strengthen its position in the fuel dispenser industry.

CNG Dispenser Key Market Trends

  • Growth for CNG Dispensers Amid Rising Demand for Clean Energy: Growing Demand for Clean and Sustainable Energy is Driving the CNG Dispenser Market CAGR. The demand for sustainable and renewable energy sources is rising, which means that the CNG dispenser industry will probably increase quickly in the next years. Compressed natural gas (CNG) is one clean fuel that is becoming more and more popular as the world becomes more environmentally aware.
  • Surge in Popularity of Natural Gas Vehicles (NGVs), Alongside CNG: NGVs, or natural gas vehicles, are getting more and more well-liked. Cars that run on liquefied natural gas (LNG) or compressed natural gas (CNG) are known as NGVs, and they are becoming more and more popular since they use less fuel, produce less emissions, and operate more quietly. The demand for NGVs is being driven by a number of causes, such as increased environmental concerns, rising fuel prices, and government initiatives to promote the use of clean fuels.

CNG Dispenser Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

As per SkyQuest analysis, Compressed natural gas (CNG) is becoming more and more popular as a cleaner fuel option, indicating a shift towards environmentally friendly transportation. Government policies and incentives are also encouraging the development and uptake of CNG infrastructure, which could lead to a rise in market share. In order to promote wider acceptance of CNG as a cleaner fuel for transportation, efforts must be made to develop CNG infrastructure through public subsidies, private investments, and stakeholder cooperation. This is due to limited accessibility of CNG dispensing infrastructure poses a constraint, especially in areas with minimal CNG infrastructure.

Leading companies in the industry, such as Censtar, FTI International, Lanfeng, Sanki, Parker, Tatsuno, WEH, and others, are driving innovation and market demand in the CNG dispenser market. These companies are investing heavily in R&D to increase their market share and product offerings. They are also taking strategic actions, such as introducing new products, entering into contracts, mergers, acquisitions, and partnerships. The market for CNG dispensers is expanding quickly as the growing need for clean, sustainable energy brought on by growing environmental consciousness. Natural gas vehicles (NGVs) are becoming more and more popular as they use less fuel, which is driving up demand for NGVs.

Report Metric Details
Market size value in 2022 USD 262.51 million
Market size value in 2031 USD 507.52 million
Growth Rate 7.6%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Million
Segments covered
  • Dispenser Type
    • Fast-Filling and Time-Filling
  • Application
    • L-CNG Filling Station and Others
  • Distribution Channel
    • Company-Owned & Company-Run, Dealer-Owned & Dealer-Run and Company-Owned & Dealer-Run
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Fortive (US)
  • Dover (US)
  • Tulsa Gas Technologies (India)
  • Scheidt & Bachmann (US)
  • Kraus (US)
  • Compac (US)
  • Bennett (US)
  • Censtar (China)
  • FTI International (Canada)
  • Lanfeng (China)
  • Sanki (China)
  • Parker (US)
  • Tatsuno (Japan)
  • WEH (Germany)
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on CNG Dispenser Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on CNG Dispenser Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the CNG Dispenser Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the CNG Dispenser Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the CNG Dispenser Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the CNG Dispenser Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

CNG Dispenser Market size was valued at USD 262.51 million in 2022 poised to grow from USD 282.46 million in 2023 to USD 507.52 million by 2031, growing at a CAGR of 7.6% in the forecast period (2024-2031).

Prominent industry participants are making significant investments in R&D to broaden their product offerings, hence contributing to the CNG Dispenser Market's continued expansion. In order to increase their market share, market players are also engaging in a range of calculated strategic actions. Notable developments in this regard include the introduction of new products, contracts, mergers and acquisitions, increased investment, and cooperation with other businesses. By investing in research and development operations, major players in the CNG dispenser market, such as Censtar (China), FTI International (Canada), Lanfeng (China), Sanki (China), Parker (US), Tatsuno (Japan), WEH (Germany), and others, are hoping to boost market demand. 'Fortive (US)', 'Dover (US)', 'Tulsa Gas Technologies (India)', 'Scheidt & Bachmann (US)', 'Kraus (US)', 'Compac (US)', 'Bennett (US)', 'Censtar (China)', 'FTI International (Canada)', 'Lanfeng (China)', 'Sanki (China)', 'Parker (US)', 'Tatsuno (Japan)', 'WEH (Germany)'

Growing public awareness of and concern over environmental pollution and greenhouse gas emissions has led to a strong demand for cleaner fuel options, such as compressed natural gas (CNG). As a cleaner fuel alternative to petrol and diesel, compressed natural gas (CNG) is becoming more and more well-liked due to its reduced emissions of dangerous pollutants. The increasing demand highlights a noteworthy transition towards eco-friendly transportation options, fuelled by increased public awareness of environmental issues.

Growth for CNG Dispensers Amid Rising Demand for Clean Energy: Growing Demand for Clean and Sustainable Energy is Driving the CNG Dispenser Market CAGR. The demand for sustainable and renewable energy sources is rising, which means that the CNG dispenser industry will probably increase quickly in the next years. Compressed natural gas (CNG) is one clean fuel that is becoming more and more popular as the world becomes more environmentally aware.

Due to the large number of CNG vehicles, especially in the transportation industry, which fuels demand for CNG dispensers, North America leads the market for CNG dispensers. The adoption of CNG vehicles by the North American transportation sector has led to a significant rise in demand for CNG dispensers. The North American CNG dispenser market has grown significantly as a result of the high demand for CNG dispensers. Numerous CNG vehicles are in use in the US and Canada for a range of purposes, including personal vehicles, delivery vans, and public transportation.

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