According to Stratistics MRC, the Global Compressed Natural Gas (CNG) Dispenser Market is accounted for $152.97 million in 2020 and is expected to reach $445.62 million by 2028 growing at a CAGR of 14.3% during the forecast period. The growing concerns about the environment have led governments of several nations to reduce carbon emission and growth in CNG stations across the globe are the major factors propelling the market growth. However, the possible transition to biofuels is hampering market growth.
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Based on the flow rate, the up to 100 kg/min segment is estimated to have lucrative growth during the forecast period. This type of flow is suited for light-duty vehicles that require quick filling. By geography, the Asia Pacific is going to have a huge demand during the forecast period due to a broad variety of industries such as manufacturing, oil & gas, textiles, and automation.
Some of the key players profiled in the Compressed Natural Gas (CNG) Dispenser Market include Bennett, Censtar, Compac, Dover, Fortive, FTI International, Gilbarco, Kraus, Lanfeng, Mahanagar, Neotec, Parker, Piusi, Sanki, Scheidt & Bachmann, Tatsuno, Tokhein, Tominaga, Tulsa Gas Technologies, and Wayne.
Types Covered:
• Time Filling
• Fast Filling
Flow Rates Covered:
• Up to 100 Kg/Min
• Up to 50 Kg/Min
• Up to 15 Kg/Min
Distributions Covered:
• Dealer Owned & Dealer Run
• Company Owned & Company Run
• Company Owned & Dealer Run
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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