CNG Dispenser Market Worth $225.5 Million by 2023

PUNE, India, September 13, 2018 /PRNewswire/ --

According to a new market research report "CNG Dispenser Market by Type (Fast Fill and Time Fill), Flow Rate (Up to 15, Up to 50, and Up to 100 Kg/Min), Distribution (Company Owned & Company Run, Company Owned & Dealer Run, and Dealer Owned & Dealer Run), and Region - Global Forecast to 2023", published by MarketsandMarkets(TM), the market is projected to reach USD 225.5 million by 2023. The global CNG Dispenser Market is expected to grow from an estimated USD 155.2 million in 2018 to USD 255.5 million by 2023, at a CAGR of 7.76% from 2018 to 2023. The market is set to grow due to stringent emission policies across all countries. Many other countries across the world planned to reduce emissions by a certain level by 2020 at the United Nations Framework Convention on Climate Change held in 2015. New emission policies are likely to get introduced by 2019 or 2020, depending on the largest achievement and are expected to create opportunities for CNG vehicles.

(Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )

For more Insights on this report, Speak to Our Analyst:  

https://www.marketsandmarkets.com/speaktoanalyst.asp?id=47008991 [https://www.marketsandmarkets.com/speaktoanalyst.asp?id=47008991&utm_source=PRnewswires&utm_medium=Referral&utm_campaign=PRnewswire ]

The fast fill segment is expected to hold the largest share of the CNG Dispenser Market, by type, during the forecast period. 

The CNG Dispenser Market has been segmented, by type, into fast fill and time fill. The fast fill segment is expected to be the largest because CNG at fast fill stations is often stored in vessels at high service pressure, which helps in delivering the fuel faster.

Browse in-depth TOC on "CNG Dispenser Market"

62 - Tables 

28 - Figures  

108 - Pages  

https://www.marketsandmarkets.com/Market-Reports/cng-dispenser-market-47008991.html [https://www.marketsandmarkets.com/Market-Reports/cng-dispenser-market-47008991.html?utm_source=PRnewswires&utm_medium=Referral&utm_campaign=PRnewswire ]

Company owned & company run segment is the fastest growing CNG Dispenser Market, by distribution, during the forecast period. 

The CNG Dispenser Market has been segmented, by distribution, into company owned & company run, company owned & dealer run, and dealer owned & dealer run. The company owned & company run segment is estimated to hold the largest share of the market during the forecast period because the operational improvement program reduces the cost and complexity in line. The primary purpose is to focus on the structure and size of the organization.

The 1-100 kg/min segment is expected to dominate the CNG Dispenser Market, by flow rate, in 2018. 

The CNG Dispenser Market has been segmented, by flow rate, into up to 15 kg/min, up to 50 kg/min, and up to 100 kg/min. The up to 100 kg/min segment is estimated to hold the largest market share by 2023. This type of flow is suited for light-duty vehicles that require quick filling. For instance, vehicles such as vans, pickups, and sedans need random refueling.

Asia Pacific is expected to be the leading market for CNG dispenser during the forecast period. 

Asia Pacific is expected to dominate the CNG Dispenser Market during the forecast period. A wide variety of industries such as manufacturing, mining, oil & gas, textiles, and automation in the region is expected to drive the CNG Dispenser Market in the Asia Pacific region during the forecast period.

Bennett (US), Censtar (China), Compac (New Zealand), FTI (Canada), Kraus (Canada), Lanfeng (China), Sanki (China), Scheidt & Bachmann (Germany), Tulsa (India), Tatsuno (Japan), Dover (US), Parker (US), and Fortive (US) dominated the market in 2017.

Request for PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=47008991 [https://www.marketsandmarkets.com/pdfdownload.asp?id=47008991&utm_source=PRnewswires&utm_medium=Referral&utm_campaign=PRnewswire ]

About MarketsandMarkets(TM)  

MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets(TM) for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets(TM) are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets(TM) now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets(TM) is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

        

        Contact: 
        Mr. Shelly Singh 
        MarketsandMarkets(TM) INC. 
        630 Dundee Road 
        Suite 430 
        Northbrook, IL 60062 
        USA: +1-888-600-6441 
        Email: sales@marketsandmarkets.com 

 

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/cng-dispenser-market.asp


    Photo: 
    https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg


SOURCE MarketsandMarkets