Report Id: SNS/EQIP/1182 | May 2022 | Region: Global | 120 Pages
Fuel Dispenser Market Overview:
Fuel Dispenser Market size was valued at USD 2.81 Bn in 2022 and is expected to reach at USD 4.45 Bn by 2030, and grow at a CAGR of 5.9% over the forecast period 2023-2030.
Gasoline dispensers are an important part of the fuel station since they ensure that the proper amount of fuel is delivered to the vehicle. The system is used to fill a vehicle with fuel such as gas, diesel, gasoline, and other types. The system is made up of two parts: one monitor and controls all electrical equipment like meters, displays, and reading sensors, while the other controls all mechanical devices like pumps and valves, motors, and so on. The rising automotive sector is favorably affecting the growth of the fuel dispenser market due to the corresponding need for automobiles and a quick rise in the demand for gas vehicles.
Natural-gas vehicles are gaining popularity.
Increasing Petroleum Product Consumption in Emerging nations.
Reducing the number of fuel stations.
Rising sales of electric vehicles.
Companies may increase their presence by strengthening their distribution systems.
Increased demand for automobiles is expected to boost demand for gasoline dispensers.
Alternate fuel generation.
The cost of oil, gas, and other fuels is increasing.
IMPACT OF COVID-19:
The worldwide demand for different fuels has decreased significantly as a result of the new coronavirus epidemic, which has forced numerous countries into lockdown. Because China is a large importer of oil and gas, the lockout in the first quarter of 2020 is projected to have a significant influence on the growth of the gasoline dispenser market. Furthermore, rigorous transportation and trade restrictions have erected various bottlenecks in the supply chain, resulting in a significant drop in demand for gasoline dispensers in the first half of 2020. Despite the fact that numerous nations have declared a lockdown in order to control the new coronavirus, oil and other fuel alternatives production has remained stable, resulting in a significant gap between supply and demand. In 2020, supply chain bottlenecks are projected to limit market expansion. However, when China's industries reopen, the gap between supply and demand for fuel resources is expected to close, resulting in a significant increase in demand for gasoline dispensers in the future years.
Gasoline type, dispenser system, and flow meter are the three segments that make up the worldwide fuel dispenser market. Petroleum fuels, compressed fuels, biofuels, and others are the different types of fuels. It is divided into submersible and suction systems based on the dispenser system.
Mechanical and electronic flow meters are the two types of flow meters. The petroleum fuels category had the biggest market share by fuel type in 2021 and is predicted to maintain that position throughout the forecast period. The automotive and transportation industries are driving up demand for petroleum fuels including gasoline, diesel, and kerosene. Furthermore, an increase in transportation operations due to the expanding tourist industry in many nations throughout the world is predicted to drive demand for petroleum fuels. Because of features such as rapid fueling, active air removal, safety & convenience of maintenance, easy servicing, and dependability, the submersible segment led the worldwide market in terms of share in 2021. In addition, submersible systems have lower initial maintenance and service costs than other systems, which is projected to drive market expansion throughout the forecast period.
In 2021, the electronics sector remained the biggest market share by a flow meter, owing to an increase in demand for electronic gasoline dispensers due to benefits such as high accuracy, dependability, and performance when compared to mechanical fuel dispensers. Furthermore, technical improvements in fuel dispenser technologies such as online payment, printing, digital measurement, and automated gasoline dispensing systems are expected to propel the electronics fuel dispenser market forward throughout the forecast period.
KEY MARKET SEGMENTS:
By Fuel Type
By Dispenser System
By Flow Meter
Due to high gasoline consumption in the area, Asia Pacific dominated the worldwide fuel dispenser market in 2022. The rise of fueling stations in China is likely to be fueled by rising gasoline consumption and strong car sales. This, in turn, is expected to enhance the Chinese gasoline dispenser market. In India, rural migrants are increasingly migrating to cities in search of better prospects. Consumer disposable income has been increasing in the country. As a result, the demand for automobiles is increasing, as is the need for gas stations and gasoline dispensers.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
The major key players in the market are BENNETT PUMP COMPANY, Censtar Science & Technology Corp., Ltd, Dover Corporation, Gilbarco Inc., KoreaEnE, LanFeng Co.,LTD., Sankipetro, Scheidt & Bachmann Tubs d.o.o. Sva prava pridrÅ¾ana., TATSUNO Corporation, TOMINAGA MFG CO.
|Market Size in 2022||US$ 2.81 Billion|
|Market Size by 2030||US$ 4.45 Billion|
|CAGR||CAGR 5.9% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Fuel Type (Petroleum Fuels, Compressed Fuels, Biofuels, Others)
• by Dispenser System (Submersible and Suction)
• by Flow Meter (Mechanical and Electronics)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||BENNETT PUMP COMPANY, Censtar Science & Technology Corp., Ltd, Dover Corporation, Gilbarco Inc., KoreaEnE, LanFeng Co.,LTD., Sankipetro, Scheidt & Bachmann Tubs d.o.o. Sva prava pridrÅ¾ana., TATSUNO Corporation, TOMINAGA MFG CO.|
|Key Drivers||•Natural-gas vehicles are gaining popularity.
•Increasing Petroleum Product Consumption in Emerging nations.
|Restraints||•Reducing the number of fuel stations.
•Rising sales of electric vehicles.
Frequently Asked Questions (FAQ) :
Ans: - The Fuel Dispenser Market Size was valued at USD2.66 Bn in 2021.
Ans: - Reducing the number of fuel stations and rising sales of electric vehicles.
Ans: - The Asia Pacific area is anticipated to have the greatest market share during the forecast period.
Ans. The primary growth tactics of Fuel Dispenser market participants include merger and acquisition, business expansion, and product launch
Ans: - Key Stakeholders Considered in the study are Raw material vendors, Regulatory authorities, including government agencies and NGOs, Commercial research, and development (R&D) institutions, Importers and exporters, etc.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
188.8.131.52 United Kingdom
184.108.40.206 South Korea
220.127.116.11 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Fuel Dispenser Market Segmentation, by Fuel Type
8.1 Petroleum Fuels
8.2 Compressed Fuels
9. Fuel Dispenser Market Segmentation, by System
10. Fuel Dispenser Market Segmentation, by Meter
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 BENNETT PUMP COMPANY
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Censtar Science & Technology Corp., Ltd
12.3 Dover Corporation
12.4 Gilbarco Inc.
12.6 LanFeng Co.,LTD.
12.8 Scheidt & Bachmann Tubs d.o.o. Sva prava pridrÅ¾ana.
12.9 TATSUNO Corporation
12.10 TOMINAGA MFG CO
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
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