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Fuel Dispenser Market

Fuel Dispenser Market Size, Share & Segmentation by Fuel Type (Petroleum Fuels, Compressed Fuels, Biofuels, Others), by Dispenser System (Submersible and Suction), by Flow Meter (Mechanical and Electronics), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/EQIP/1182 | May 2022 | Region: Global | 120 Pages

Fuel Dispenser Market Overview:

Fuel Dispenser Market size was valued at USD 2.66 Bn in 2021 and is expected to reach at USD 3.98 Bn by 2028, and grow at a CAGR of 5.9% over the forecast period 2022-2028.

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.

Fuel Dispenser Market Revenue Graph

MARKET DYNAMICS:

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.

OPPORTUNITY:

  • 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.

CHALLENGES:

  • 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.

MARKET ESTIMATION:

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

  • Petroleum Fuels

  • Compressed Fuels

  • Biofuels

  • Others

By Dispenser System

  • Submersible

  • Suction

By Flow Meter

  • Mechanical

  • Electronics

Fuel Dispenser Market Segment Chart

REGIONAL ANALYSIS:

Due to high gasoline consumption in the area, Asia Pacific dominated the worldwide fuel dispenser market in 2021. 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.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The 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

KEY PLAYERS:

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 pridržana., TATSUNO Corporation, TOMINAGA MFG CO.

 

Fuel Dispenser Market Report Scope
Report Attributes Details
Market Size in 2021 US$ 2.66  Billion
Market Size by 2028 US$ 3.98 Billion
CAGR CAGR 5.9% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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 pridržana., 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. Introduction

1.1 Market Definition 

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges 

 

4. Impact Analysis

    1. COVID 19 Impact Analysis

4.2 Impact of the Ukraine- Russia war

 

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

8.3 Biofuels

8.4 Others

 

9. Fuel Dispenser Market Segmentation, by System

9.1 Submersible

9.2 Suction

 

10. Fuel Dispenser Market Segmentation, by Meter

10.1 Mechanical

10.2 Electronics

 

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12. Company Profiles

12.1 BENNETT PUMP COMPANY

12.1.1 Financial

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.

12.5 KoreaEnE

12.6 LanFeng Co.,LTD.

12.7 Sankipetro

12.8 Scheidt & Bachmann Tubs d.o.o. Sva prava pridržana.

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

 

14. Conclusion

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Secondary Research

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