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Global CNG Dispenser Market Size, Share, Growth: By Type: Time Filling, Fast Filling; By Flow Rate: Up to 15 Kg/Min, Up to 50 Kg/Min, Up to 100 Kg/Min; By Ownership: Company Owned and Company Run, Company Owned and Dealer Run; Regional Analysis; Market Dynamics; Competitive Landscape: Industry Events and Developments; 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
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Flow Rate |
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| Breakup by Ownership |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global CNG Dispenser Market Analysis
8.1 Key Industry Highlights
8.2 Global CNG Dispenser Historical Market (2018-2023)
8.3 Global CNG Dispenser Market Forecast (2024-2032)
8.4 Global CNG Dispenser Market by Type
8.4.1 Time Filling
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Fast Filling
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global CNG Dispenser Market by Flow Rate
8.5.1 Up to 15 Kg/Min
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Up to 50 Kg/Min
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Up to 100 Kg/Min
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global CNG Dispenser Market by Ownership
8.6.1 Company Owned and Company Run
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Company Owned and Dealer Run
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Dealer Owned and Dealer Run
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global CNG Dispenser Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America CNG Dispenser Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe CNG Dispenser Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific CNG Dispenser Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America CNG Dispenser Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa CNG Dispenser Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Compac Industries
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Bennett Pump Company
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Lanfeng Technology Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Scheidt & Bachmann
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 FTI Group Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global CNG Dispenser Market: Key Industry Highlights, 2018 and 2032
2. Global CNG Dispenser Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global CNG Dispenser Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global CNG Dispenser Historical Market: Breakup by Flow Rate (USD Million), 2018-2023
5. Global CNG Dispenser Market Forecast: Breakup by Flow Rate (USD Million), 2024-2032
6. Global CNG Dispenser Historical Market: Breakup by Ownership (USD Million), 2018-2023
7. Global CNG Dispenser Market Forecast: Breakup by Ownership (USD Million), 2024-2032
8. Global CNG Dispenser Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global CNG Dispenser Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America CNG Dispenser Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America CNG Dispenser Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe CNG Dispenser Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe CNG Dispenser Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific CNG Dispenser Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific CNG Dispenser Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America CNG Dispenser Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America CNG Dispenser Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa CNG Dispenser Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa CNG Dispenser Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global CNG Dispenser Market Structure
Key Questions Answered in the Report
In 2023, the global market size approximated a value of nearly USD 219.49 billion.
The market is assessed to grow at a CAGR of 7.2% between 2024 and 2032.
The market is estimated to witness healthy and sustainable growth in the forecast period of 2024-2032 to reach almost USD 410.37 billion by 2032.
The major market drivers influencing growth are the low running cost of natural gas vehicles and rising awareness regarding decreasing carbon footprints.
At a global level, the key market trends include an upsurge in the number of CNG stations across the globe and growing infrastructure for refuelling in emerging economies.
The major regions in the market are North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa.
The various types in the market include time filling and fast filling.
The common flow rates include up to 15 kg/min, up to 50 kg/min, and up to 100 kg/min.
The various ownership models in the market include company owned and company run, company owned and dealer run, and dealer owned and dealer run.
The major players in the market are Compac Industries, Bennett Pump Company, Lanfeng Technology Inc., Scheidt & Bachmann, and FTI Group Inc., among others.
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