Press release
Fuel Dispenser Market Expanding at a CAGR of 4%
In terms of value, the global fuel dispenser market is expected to reach ~US$ 2 Bn by 2030, expanding at a CAGR of ~4% during the forecast period. Based on volume, the global fuel dispenser market is estimated to reach 662,058 units by 2030, expanding at a CAGR of ~4% during the forecast period. In terms of type, the submersible system segment holds leading share of the global fuel dispenser market, submersible systems are cheaper and easily available vis-ร -vis suction systems.
๐๐๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ -https://www.transparencymarketresearch.com/fuel-dispenser-market.html
Their maintenance cost is also lower than that of suction systems. The submersible system segment is expected to create an incremental opportunity of US$ 473.16 Mn between 2020 and 2030. Based on flow meter segment, the electronic flow meter held larger share of the global fuel dispenser market in 2019. The segment is likely to expand at a CAGR of 4.50% during the forecast period. In terms of fuel type, the petrol/gasoline segment accounted for major share of the global fuel dispenser market in 2019.
The fuel dispenser market in Asia Pacific is estimated to expand at a substantial pace during the forecast period, owing to the rise in standard of living of the people, increase in disposable income of consumers, and growth in population in the region.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=12305
๐๐๐ฒ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐จ๐ ๐ ๐ฎ๐๐ฅ ๐๐ข๐ฌ๐ฉ๐๐ง๐ฌ๐๐ซ ๐๐๐ซ๐ค๐๐ญ
The increase in the adoption of dual fuel and multi-fuel vehicles is expected to drive the global fuel dispenser market during the forecast period. The shifting trend from single fuel to dual fuel or multi-fuel vehicles in developing countries is boosting the demand for vehicle fuel stations. Furthermore, increase in disposable income has led to a rise in vehicle ownership. This is propelling the demand for fuel dispensers across the globe. The rise in sale of natural gas vehicles (NGVs) is estimated to propel the global fuel dispensers market. The demand for gasoline-based products is expected to rise significantly during the forecast period. This is projected to create lucrative opportunities for the global fuel dispenser market. Moreover, increase in government initiatives and policies such as trade liberalization programs is also likely to propel the demand for fuel dispensers in the near future.
๐๐ฌ๐ข๐ ๐๐๐๐ข๐๐ข๐ ๐๐๐๐๐ซ๐ฌ ๐๐ฎ๐๐ซ๐๐ญ๐ข๐ฏ๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ญ๐จ ๐ ๐ฎ๐๐ฅ ๐๐ข๐ฌ๐ฉ๐๐ง๐ฌ๐๐ซ ๐๐๐ซ๐ค๐๐ญ
Asia Pacific dominated the global fuel dispenser market in 2019, owing to the significant demand for fuel in the region. The development of supportive infrastructure, such as refueling stations, and rise in demand for automobiles are expected to drive the fuel dispenser market in the region during the forecast period. The growth in penetration of the fuel dispenser technology in major countries such as China, Japan, and India is also projected to boost the fuel dispenser market in the region during the forecast period.
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=12305
๐๐๐ฃ๐จ๐ซ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐ ๐ฎ๐๐ฅ ๐๐ข๐ฌ๐ฉ๐๐ง๐ฌ๐๐ซ ๐๐๐ซ๐ค๐๐ญ
In June 2019, Dover Fueling Solutions (DFS), a part of Dover that is engaged in delivering advanced fuel dispensing equipment, announced the launch of its new Tokheim Quantium 510M fuel dispenser series. This range of fuel dispensers is the next generation of the acclaimed Quantium fuel dispenser family. In December 2019, the Massachusetts Bay Transportation Authority (MBTA) announced approval of a new contract with Scheidt & Bachmann to extend the life of the existing fare management system and incorporate new customer-oriented improvements through a series of upgrades.
The new contract is part of the MBTA's transformation strategy developed for a new fare management system that will be introduced in phases and with additional opportunities for public feedback.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐จ๐ง ๐๐๐ง๐๐ฌ๐๐๐ฉ๐ ๐จ๐ ๐ ๐ฎ๐๐ฅ ๐๐ข๐ฌ๐ฉ๐๐ง๐ฌ๐๐ซ ๐๐๐ซ๐ค๐๐ญ
The market dynamics are dependent on long-term contracts, goodwill of companies, and product portfolio. Local manufacturers with integrated operations possess competitive advantages due to the easy access to low-cost raw materials and protection from volatility in prices of raw materials.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=12305
Key players operating in the global fuel dispenser market are Beijing Sanki Petroleum Technology Co. Ltd., Bennett Pump Company Gilbarco Inc., Korea EnE Co. Ltd., Neotec, Piusi S.p.A., Scheidt & Bachmann GmbH, Tatsuno Corporation, Tokheim Group S.A.S, Tominaga Mfg. Co., Wayne Fueling Systems LLC, and Zhejiang Lanfeng Machine Co. Ltd.
๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants.
The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ
Rohit Bhisey
Transparency Market Research Inc.
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