Market Analysis —
The impact that CNG has made in the auto industry is truly undeniable, no wonder the CNG dispenser market is gaining so much prominence. CNG dispenser Market is eyeing to capture a whopping 7.70% CAGR during the forecast period (2018-2023). CNG stands for compressed natural gas which has high content and calorific value. CNG causes less pollution and is a smart alternative to the traditional sources of energy that are used in the auto industry. A CNG dispenser is a special fuel dispenser which are installed in filling stations for pumping CNG into cars. Some of the benefits of using CNG include high combustion power, high energy density and high calorific value. CNG dispensers are of two types- fast fill and time fill. The former is ideal for light-duty vehicles such as vans and cars and the latter has been made based on the need.
Some of the market trends and factors in this market as per an analysis conducted by Market Research Future (MRFR) include the increasing need for high performance cars coupled with rapid technological advancements in the automotive sector which is anticipated to fuel the growth of the CNG dispenser market. The growth and development in this market is chiefly driven by the capability of CNG in producing fewer carbon emissions. Also, the economic pricing, optimum energy use and management, ongoing initiatives taken by the government to cut down carbon dioxide emissions and shift from traditional fuel to CNG are the different factors that are likely to drive the growth of the CNG dispenser market.
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Leading players profiled in the CNG dispenser market include
• WEH (Germany)
• Tatsuno (Japan)
• Parker (US)
• Sanki (China)
• Lanfeng (China)
• FTI International (Canada)
• Censtar (China)
• Bennet (US)
• Compac (US)
• Kraus (US)
• Scheidt & Bachmann (US)
• Tulsa Gas Technologies (India)
• Dover (US) and Fortive (US)
Market Research Future report provides a comprehensive segmental analysis of the global CNG dispenser market on the Basis of Type, Flow rate and Distribution.
By Type : Fast Fill, Time Fill.
By Flow Rate : Up to 15 kg/min, Up to 50 kg/min, Up to 100 kg/min.
By Distribution : Company owned & company run, Company owned & dealer run, Dealer owned & dealer run.
Based on region, the global CNG dispenser market covers growth opportunities and latest trends across North America, Asia Pacific, Europe, Middle East & Africa and South America. Of these, Asia Pacific is predicted to see the maximum growth rate in the CNG dispenser market and the factors here can be attributed to ongoing and improved advancements in technology in the automobile sector and also the growing demand for fuel efficient and energy efficient cars. The CNG dispenser market in Europe is predicted to provide some significant opportunities. This region has diverse industry sectors such as petrochemical, manufacturing and automobile that is likely to propel the growth of the market. Moreover, owing to the stringent norms and regulations on environmental policies laid down by the government, a shift has been made from heavyweight cars to gas trucks here. This is another factor that is anticipated to boost the CNG dispenser market growth in this region. On the other hand, North America is anticipated to have a good revenue. The stringent rules laid by the government against carbon dioxide emissions and air pollution along with constant initiatives being taken for replacing traditional fuel vehicles with that of new CNG is expected to boost the CNG dispenser market growth in this region.
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India’s largest city gas retailer, Indraprastha Gas is planning to set up CNG dispensing stations in residential complexes to reduce queues in the CNG pumps. Besides, they have also joined hands with a Dutch company in order to enter into e-vehicle charging to set up charging facilities in their CNG stations.
TABLE OF CONTENTS
1. EXECUTIVE SUMMARY
2. SCOPE OF THE REPORT
2.1. MARKET DEFINITION
2.2. SCOPE OF THE STUDY
2.2.2. RESEARCH OBJECTIVE
2.3. RESEARCH PROCESS
2.3.1. PRIMARY RESEARCH
2.3.2. SECONDARY RESEARCH
2.4. MARKET SIZE ESTIMATION
2.5. FORECAST MODEL
3. MARKET LANDSCAPE
3.1. PORTER’S FIVE FORCES ANALYSIS
3.1.1. THREAT OF NEW ENTRANTS
3.1.2. BARGAINING POWER OF BUYERS
3.1.3. THREAT OF SUBSTITUTES
3.1.4. SEGMENT RIVALRY
3.1.5. BARGAINING POWER OF BUYERS
3.2. VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4. MARKET DYNAMICS
4.2. MARKET DRIVERS
4.3. MARKET RESTRAINTS
4.4. MARKET OPPORTUNITIES
4.5. MARKET TRENDS
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