CNG Dispensers Market

CNG Dispensers Market: Introduction

• Compressed Natural Gas (CNG) has high calorific value and content. Its use causes less pollution. It yields heat and is found in large quantities across the world. It is one of the viable alternatives for the traditional energy sources used in the automotive industry.
• CNG dispenser is a special type of fuel dispenser placed at a filling station. It is used for pumping CNG into vehicles. Global energy consumption is increasing rapidly day by day. Demand for CNG dispensers is rising rapidly all over the globe in order to meet the surging demand for energy in the automotive industry.
• The CNG dispensers market can be segmented based on type, flow rate, and distribution channel. Based on type, the market can be divided into fast-filling and time-filling. Based on flow rate, the market can be segregated into 1–15 kg/min, 16–50 kg/min, and above 50 kg/min. Based on distribution channel, the CNG dispensers market can be classified into company-owned & company-run, dealer-owned & dealer-run, and company-owned & dealer-run.

Key Drivers of CNG Dispensers Market

• Majority of the leading players in the market across the world are engaged in advanced research and development activities to derive new methods of extraction and processing of natural gas for usage in the automotive industry. This is driving the CNG dispensers market. Challenges related to leakages is acting as a major restraint of the CNG dispensers market. A small leakage can, at times, lead to a major fire outbreak. Even as the CNG dispensers are commercially feasible, the technology alone would not determine the energy future.
• Growth in CNG stations across the globe is expected to drive the global CNG dispensers market during forecast period. In 2019, there were nearly 32000 natural gas stations for approximately 27 million natural gas vehicles (NGV) in the world. Out of the total natural gas stations, more than 80% were of CNG, while the rest were of liquefied natural gas (LNG). Thus, rise in number of CNG stations across the globe is expected to boost the CNG dispensers market.

Restraints of CNG Dispensers Market

• Challenges related to leakages is acting as a major restraint of the CNG dispensers market
• The cost of installation of CNG dispensers is high. This is estimated to hamper the global CNG dispensers market

COVID-19 impact on CNG Dispensers Market

• The COVID-19 outbreak is hampering the demand for CNG dispensers. Governments of various countries across the globe have enforced lockdown as measure to curb the spread of the pandemic. This has resulted in the slowdown and halt in manufacturing operations, restrictions on supply and transport, and infrastructure slowdown. These factors are hampering the demand for CNG dispensers.
• Key players operating in the CNG dispensers market are primarily tier I and tier II manufacturers and suppliers. Manufacture and supply chain facilities of these manufacturers are spread across various countries in Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Many of these players have halted their production output over the last few months due to the COVID-19 pandemic. The pandemic has negatively impacted the demand and supply chain of these materials.

North America to Hold Major Share of CNG Dispensers Market

• In terms of geography, North America leads the global CNG dispensers market. This can be ascribed to growth of the automobile sector and concerns regarding environmental pollution in countries such as the U.S and Canada. Rise in usage of CNG dispensers in the automotive sector in Canada is propelling the market in the country. This, demand for CNG dispensers is expected to rise significantly in North America in the near future.
• The CNG dispensers market in countries of Asia Pacific such as India, China, South Korea, and Japan has been expanding, due to rise in population and extensive utilization of automobiles in these countries. China, India, Japan, and Australia are taking efforts for the development of advanced CNG dispensers.
• In Europe, a recent decision taken by the Government of Germany to shift from nuclear power as an energy source is anticipated to increase the investment in renewable energy sources as well as in CNG dispensers in the near future. Subsidies provided by several governments to promote the usage of clean energy are likely to propel the CNG dispensers in the near future.
• Latin America, especially countries such as Brazil and Mexico, are witnessing high investments in CNG dispensers in order to meet the rising demand of the growing population. South Africa is also expected to witness increase in investments in CNG dispensers in the next few years.

Global CNG Dispensers Market Key Players

Major players operating in the CNG dispensers market are adopting various organic and inorganic growth strategies such as joint ventures, mergers & acquisitions, expansion, collaborations, new product launches, strategic alliances, and research and development to increase their regional presence and business operations. Key players operating in the market include:

• Bennett
• Mahanagar
• Compac
• Fortive
• Kraus
• Tulsa Gas Technologies
• Censtar
• FTI
• Lanfeng
• Sanki
• Scheidt & Bachmann
• Tatsuno
• Dover
• Parker

Global CNG Dispensers Market by Type

• Fast-filling
• Time-filling

Global CNG Dispensers Market by Flow Rate

• 1–15 kg/min
• 16–50 kg/min
• Above 50 kg/min

Global CNG Dispensers Market by Distribution Channel

• Company-owned & Company-run
• Dealer-owned & Dealer-run
• Company-owned & Dealer-run

Global CNG Dispensers Market by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia & CIS
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • ASEAN
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa