CNG Dispenser Market

According to the new market research report “CNG Dispenser Market by Type (Fast Fill and Time Fill), Flow Rate (Up to 15, Up to 50, and Up to 100 Kg/Min), Distribution (Company Owned & Company Run, Company Owned & Dealer Run, and Dealer Owned & Dealer Run), and Region – Global Forecast to 2023″ The CNG dispenser market is projected to reach USD 225.5 million by 2023. The global CNG dispenser market is expected to grow from an estimated USD 155.2 million in 2018 to USD 255.5 million by 2023, at a CAGR of 7.76% from 2018 to 2023. The market is set to grow due to stringent emission policies across all countries. Many other countries across the world planned to reduce emissions by a certain level by 2020 at the United Nations Framework Convention on Climate Change held in 2015. New emission policies are likely to get introduced by 2019 or 2020, depending on the largest achievement and are expected to create opportunities for CNG vehicles.

Browse 62 market data Tables and 28 Figures spread through 108 Pages and in-depth TOC on “CNG Dispenser Market – Global Forecast to 2023”

The fast fill segment is expected to hold the largest share of the CNG dispenser market, by type, during the forecast period.

The CNG dispenser market has been segmented, by type, into fast fill and time fill. The fast fill segment is expected to be the largest because CNG at fast fill stations is often stored in vessels at high service pressure, which helps in delivering the fuel faster.

Company owned & company run segment is the fastest growing CNG dispenser market, by distribution, during the forecast period.

The CNG dispenser market has been segmented, by distribution, into company owned & company run, company owned & dealer run, and dealer owned & dealer run. The company owned & company run segment is estimated to hold the largest share of the market during the forecast period because the operational improvement program reduces the cost and complexity in line. The primary purpose is to focus on the structure and size of the organization.

The 1–100 kg/min segment is expected to dominate the CNG dispenser market, by flow rate, in 2018.

The CNG dispenser market has been segmented, by flow rate, into up to 15 kg/min, up to 50 kg/min, and up to 100 kg/min. The up to 100 kg/min segment is estimated to hold the largest market share by 2023. This type of flow is suited for light-duty vehicles that require quick filling. For instance, vehicles such as vans, pickups, and sedans need random refueling.

Asia Pacific is expected to be the leading market for CNG dispenser during the forecast period.

Asia Pacific is expected to dominate the CNG dispenser market during the forecast period. A wide variety of industries such as manufacturing, mining, oil & gas, textiles, and automation in the region is expected to drive the CNG dispenser market in the Asia Pacific region during the forecast period.

Bennett (US), Censtar (China), Compac (New Zealand), FTI (Canada), Kraus (Canada), Lanfeng (China), Sanki (China), Scheidt & Bachmann (Germany), Tulsa (India), Tatsuno (Japan), Dover (US), Parker (US), and Fortive (US) dominated the market in 2017.

Source: https://express-press-release.net/news/2021/01/06/830775

RSS Latest Press Release

  • Choosing the ‘Bestway’ is the Only Way for All Your Plumbing Needs!
    Forney, TX – Whether it is a leaking tap or the need to urgently clear blocked drains, Bestway Plumbing is the preferred choice for many clients, thanks to their world-class professional services.   Bestway Plumbing has been a central fixture of Forney and the surrounding Dallas County neighborhoods of Heath, Rockwall, Plano, and Frisco since it was […]
  • SharpBunnies Official Website is Now Live, Read Everything About SharpBunnies
    The website of SharpBunnies (NFT) is now live with up-to-date information about the project and other useful details about the project, NFTs, their features and various benefits.Those who are planning to participate in Sharp Bunnies NFT minting are advised to read the details on the website, as we have included many crucial updates as well as a […]
  • European Removal Services – An Experienced Removal Specialist Moves Families and Businesses to and From Europe
    United Kingdom, 14 January 2022: European Removal Services is an experienced removal specialist that moves families and businesses to and from Europe, along with several international destinations. They have more than 30 years of experience in moving families and businesses. They have helped thousands of families and businesses with their removals to Europe and from […]
  • Simply Plumbing & Sewer Offers Comprehensive Solutions to Your Plumbing Issues
    Hempstead, TX – When you have a leak or blocked drains, time is of the essence to achieve a rapid and correct solution. Among the best Cypress plumbers, Simply Plumbing & Sewer is the preferred choice for residential clients because of its exceptional customer service.   Led by its founder Wesley Courville, Simply Plumbing & Sewer […]