Global CNG Dispenser Market Report and Forecast 2024-2032

Global CNG Dispenser Market Outlook

The global CNG dispenser market size attained a value of nearly USD 219.49 billion in 2023. The market is further estimated to grow in the forecast period of 2024-2032 at a CAGR of 7.2% to reach about USD 410.37 billion by 2032.

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North America Accounts for a Significant Share in the Market Growth of CNG Dispenser

North America is holding a significant share in the CNG dispenser market. This is on account of the robust growth of the automobile industry in the region coupled with rising concerns about environmental pollution in countries like the United States and Canada. There is an upsurge in the utilisation of CNG dispensers in the automotive sector, especially in Canada, with the growing use of natural gas in the medium and heavy-duty vehicle transportation. The increased usage is further expected to fuel the market demand in the region.

Meanwhile, the Asia Pacific is likely to be a substantial market during the forecast period. Countries like India and China have registered a rising number of natural gas vehicles coupled with a surging number of refuelling stations, driving market growth. Countries like Japan, South Korea, and Australia have a substantial number of natural gas vehicles, which are likely to propel the market growth in the Asia Pacific region.

CNG Dispenser Market Segmentation

CNG dispensers are a specialised dispenser unit for fuel that pumps and dispenses compressed natural gas or CNG. They are utilised for pumping compatible vehicles with CNG directly from filling stations. They are outfitted with electronic counters that measure the quantity of CNG that has been pumped, and the approximate pumping price. Dispensers for CNG fuel typically come in large sizes with dispensing nozzles that are either one-sided or on both sides.

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By type, the CNG dispenser market is divided into:

• Time Filling

• Fast Filling

Based on flow rate, the market is categorised into:

• Up to 15 Kg/Min

• Up to 50 Kg/Min

• Up to 100 Kg/Min

On the basis of ownership, the market is segmented into:

• Company Owned and Company Run

• Company Owned and Dealer Run 

• Dealer Owned and Dealer Run

The EMR report looks into the regional markets like Latin America, North America, Europe, Asia Pacific, the Middle East, and Africa.

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Low Running Cost of Natural Gas Vehicles to Propel the Market Growth of CNG Dispensers

The CNG dispenser market worldwide is projected to witness growth during the forecast period due to the low running costs associated with natural gas vehicles and stringent emission policies. The surging demand for alternate as well as a clean sources of energy in automobiles is further driving the market growth globally.

The expanding refuelling infrastructure in emerging economies like India and China is expected to provide substantial growth opportunities for the market over the upcoming years. Owing to the higher mileage at a lower cost, the surging popularity of CNG in developing countries has further raised the sale of CNG dispenser systems. However, an easy transition to biofuels is likely to hamper the market growth during the forecast period.

Key Players in the Global Market for CNG Dispenser

The report presents a detailed analysis of the following key players in the global CNG dispenser market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Compac Industries

• Bennett Pump Company 

• Lanfeng Technology Inc.

• Scheidt & Bachmann

• FTI Group Inc.

• Others

The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report