With 2.5% CAGR, Global Fuel Dispenser Market Size to Surpass USD 2,700 Million by 2026 - Comprehensive Research Report by Facts & Factors

Facts and Factors report "Fuel Dispenser Market By Type (Submersible Systems and Suction Systems), Flow Meter (Mechanical and Electronic) and By Application (Petrol, Diesel, CNG, Biofuel, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020-2026" states that the global Fuel Dispenser Market in 2019 was approximately USD 2,300 Million. The market is expected to grow at a CAGR of 2.5% and is anticipated to reach around USD 2,700 Million by 2026.

𝐑𝐞𝐚𝐝 𝐃𝐞𝐭𝐚𝐢𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧@https://www.fnfresearch.com/fuel-dispenser-market-by-type-submersible-systems-and-545

Fuel dispenser facilitates the refilling of various types of fuels into vehicles. With the help of a fuel dispenser, the fuel is pumped into the vehicle, storage tanks, and portable containers. This dispenser ensures an accurate amount of fuel is pumped. Fuel dispensers are used to petrol, pump gasoline, diesel, ethanol fuel, LPG, CNG, and biofuels like kerosene and biodiesel into vehicles.

The surging automotive industry is one of the key factors driving the global fuel dispenser market. With the growing population across the globe, the number of vehicles is also increasing coupled with the rising disposable income and changing lifestyle of the consumers. In 2018, it has been observed that the automotive industry manufactured around96 a million vehicles including two-wheelers, three-wheelers, passenger vehicles, and commercial vehicles.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚𝐧 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 @https://www.fnfresearch.com/sample/fuel-dispenser-market-by-type-submersible-systems-and-545

Therefore, this is projected to boost the consumption of fuels, thereby, propelling fuel dispenser market growth. Moreover, in the last few years, the travel & tourism industry is growing significantly which has further increased the demand for transportation services. Consequently, this, in turn, has boosted the demand for fuel and thus, fuel stations. However, the growing popularity of electric vehicles is likely to hamper the fuel dispenser market. Conversely, the manufacturers are introducing new advanced fuel dispensers that have a scanner, interactive video screen, customer identification keypad, barcoding, and magnetic card terminal. Hence, this is further predicted to offer huge opportunities for market growth.

Owing to low maintenance cost, low installation cost, and high efficiency submersible systems are widely used types of fuel dispensers as compared to suction systems. In 2019, submersible systems accounted for the largest share of more than 75% of the global fuel dispenser market. Additionally, suction systems are efficient and easy to use but have high installation costs and maintenance costs. Among flow meters, electronic flow meters are widely used owing to their high stability, high accuracy, and reliability. The consumption of petrol is increasing rapidly with the growing number of vehicles such as two-wheeler, three-wheelers, and cars are further estimated to enhance the need for fuel dispensers.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭@https://www.fnfresearch.com/inquiry/fuel-dispenser-market-by-type-submersible-systems-and-545

Some of the major players operating in the global fuel dispenser market are

Gilbarco
Wayne Fueling Systems LLC
Tokhein Group
Tatsuno Corp.
Scheidt& Bachmann GmbH
TominagaMfg
Neotec
Bennett Pump
Piusi S.p.A., and Beijing Sanki Petroleum Technology Co. Ltd.,

This report segments the fuel dispenser market as follows:

Global Fuel Dispenser Market: By Type Segmentation Analysis

Submersible Systems
Suction Systems

Global Fuel Dispenser Market: By Flow Meter Segmentation Analysis

Mechanical
Electronic

Global Fuel Dispenser Market: By Application Segmentation Analysis

Petrol
Diesel
CNG
Biofuel
Others

𝐑𝐞𝐚𝐝 𝐛𝐮𝐲𝐧𝐨𝐰 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧@https://www.fnfresearch.com/buynow/su/fuel-dispenser-market-by-type-submersible-systems-and-545

Global Fuel Dispenser Market: Regional Segmentation Analysis

North America
The U.S.
Canada
Europe
Germany
The UK
France
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of the Middle East & Africa

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