Reports
Global Fuel Dispenser Market Share, Analysis, Forecast: By Fuel Type: Petroleum Fuels, Compressed Fuels, Biofuels, Others; By Dispenser System: Submersible System, Suction System; By Flow Meter: Mechanical, Electronics; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Fuel Dispenser Market Outlook
The global fuel dispenser market attained a value of about USD 2.73 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 5.7% to reach nearly USD 4.52 billion by 2032.
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Rising Popularity of Alternative Fuels and the Expansion of Fuel Retailing Boosting the Growth of the Fuel Dispenser Industry
The expansion of fuel retailing in both emerging and developed markets is invigorating the industry growth. As the surging pollution levels are leading to the introduction of various stringent governments policies regarding the consumption of fossil fuels, the demand for alternative fuels is on the rise. This, in turn, is increasing the demand for fuel dispensers for alternative and compressed fuels, such as biofuels and compressed natural gas (CNG), which is further bolstering the industry growth. In addition, the growing investments in hydrogen fuel by the leading companies are expected to increase the demand for fuel dispensers, which is estimated to provide further impetus to the market growth. The increasing trend of home delivery of fuels owing to the penetration of various start-ups is increasing the demand for fuel dispensers in mobile fuel stations, hence propelling the market growth. For instance, the Ministry of Petroleum and Natural Gas in India envisaged a plan to collaborate with various start-ups to enable door-to-door delivery of high-speed diesel used for both automotive and industrial applications in July 2019. The trend escalated with the surge of the COVID-19 pandemic in 2020, owing to social distancing, stay-at-home orders, and rising safety concerns.
Fuel Dispenser: Market Segmentation
A fuel dispenser, variously known as a browser, petrol pump, or gas pump, is a machine that is typically located at fuel stations and is deployed to pump various fuels, such as gasoline, diesel, petrol, ethanol fuel, compressed natural gas (CNG), and biofuels, among others.
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The major fuel types of fuel dispenser are:
- Petroleum Fuels
- Compressed Fuels
- Biofuels
- Others
By dispenser system, the market is bifurcated into:
- Submersible System
- Suction System
The market can be broadly categorised on the basis of its flow meter into:
- Mechanical
- Electronics
The EMR report looks into the regional markets of fuel dispenser like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Technological Advancements and Rapid Digitisation of Fuel Dispenser to Bolster the Market Growth
The integration of the latest technologies in fuel dispensers to reduce manual labour and enable automation is propelling the market growth. The deployment of the Internet of things (IoT) and data analytics in fuel stations owing to the advent of connected vehicles is expected to lead to the development of advanced fuel dispensers, which is projected to propel the market growth. The emergence of touch-screen devices and mobile apps for personalised engagements for fuelling experience is also leading to advancements in fuel dispensers. Moreover, the increasing adoption of innovative advancements such as pump technology is expected to lead to the automation of fuel dispensers, which is anticipated to augment the industry growth. In addition, the rising deployment of robotics to refuel vehicles automatically while allowing consumers mobile payment options is projected to catalyse the industry growth. Increasing research activities for the development of smart fuel dispensers that can access the fuelling history of vehicles to provide significant insights of fuel type, requirements, and purchases to consumers is estimated to further invigorate the market growth in the forecast period.
Key Industry Players in the Global Fuel Dispenser Market
The report presents a detailed analysis of the following key players in the global fuel dispenser market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Bennett Pump Company
- Censtar Science & Technology Corp., Ltd.
- Dover Corporation
- Fortive Corporation
- Korea EnE Co., Ltd.
- Others
The comprehensive report looks into the macro and micro aspects of the industry. 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.
| 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- Fuel Type, Dispenser System, Flow Meter, Region |
| Breakup by Fuel Type | Petroleum Fuels, Compressed Fuels, Biofuels, Others |
| Breakup by Dispenser System | Submersible System, Suction System |
| Breakup by Flow Meter | Mechanical, Electronics |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Bennett Pump Company, Censtar Science & Technology Corp., Ltd., Dover Corporation, Fortive Corporation, Korea EnE Co., Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Fuel Dispenser Market Analysis
8.1 Key Industry Highlights
8.2 Global Fuel Dispenser Historical Market (2018-2023)
8.3 Global Fuel Dispenser Market Forecast (2024-2032)
8.4 Global Fuel Dispenser Market by Fuel Type
8.4.1 Petroleum Fuels
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Compressed Fuels
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Biofuels
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Fuel Dispenser Market by Dispenser System
8.5.1 Submersible System
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Suction System
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Fuel Dispenser Market by Flow Meter
8.6.1 Mechanical
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Electronics
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Fuel 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 Fuel 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 Fuel 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 Fuel 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 Fuel 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 Fuel 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 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Bennett Pump Company
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Censtar Science & Technology Corp., Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Dover Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Fortive Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Korea EnE Co., Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operations Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Materials
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investments
List of Key Figures and Tables
1. Global Fuel Dispenser Market: Key Industry Highlights, 2018 and 2032
2. Global Fuel Dispenser Historical Market: Breakup by Fuel Type (USD Billion), 2018-2023
3. Global Fuel Dispenser Market Forecast: Breakup by Fuel Type (USD Billion), 2024-2032
4. Global Fuel Dispenser Historical Market: Breakup by Dispenser System (USD Billion), 2018-2023
5. Global Fuel Dispenser Market Forecast: Breakup by Dispenser System (USD Billion), 2024-2032
6. Global Fuel Dispenser Historical Market: Breakup by Flow Meter (USD Billion), 2018-2023
7. Global Fuel Dispenser Market Forecast: Breakup by Flow Meter (USD Billion), 2024-2032
8. Global Fuel Dispenser Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Fuel Dispenser Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Fuel Dispenser Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Fuel Dispenser Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Fuel Dispenser Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Fuel Dispenser Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Fuel Dispenser Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Fuel Dispenser Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Fuel Dispenser Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Fuel Dispenser Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Fuel Dispenser Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Fuel Dispenser Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Fuel Dispenser Market Structure
Key Questions Answered in the Report
In 2023, the market attained a value of approximately USD 2.73 billion.
The market is projected to grow at a CAGR of 5.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 4.52 billion by 2032.
The market is being driven by the expansion of fuel retailers and the rising demand for energy in both developing and developed countries.
The key trends of the market include the integration of latest technologies into fuel dispensers, emergence of touch-screen devices and mobile apps, and the development of smart fuel dispensers.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The dominant fuel types in the market are petroleum fuels, compressed fuels, and biofuels, among others.
The leading dispenser systems of fuel dispenser are submersible system and suction system.
The significant flow meters in the market are mechanical and electronics.
The key players in the global fuel dispenser market are Bennett Pump Company, Censtar Science & Technology Corp., Ltd., Dover Corporation, Fortive Corporation, and Korea EnE Co., Ltd., among others.
Analyst Review
The global fuel dispenser market attained a value of nearly USD 2.73 billion in 2023, driven by the expansion of fuel retailers. Aided by the integration of the latest technologies in fuel dispenser, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5.7%. The market is projected to reach about USD 4.52 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on fuel type, the fuel dispenser industry can be segmented into petroleum fuels, compressed fuels, and biofuels, among others. On the basis of dispenser system, the industry is divided into submersible system and suction system. By flow meter, the industry is bifurcated into mechanical and electronics. The major regional markets for fuel dispenser are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Bennett Pump Company, Censtar Science & Technology Corp., Ltd., Dover Corporation, Fortive Corporation, and Korea EnE Co., Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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