Global CNG Dispenser Market Forecast to 2026 - A $296.9 Million Opportunity - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 18, 2019--The “CNG Dispenser - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to this report, the Global CNG Dispenser market accounted for $141 million in 2017 and is expected to reach $296.9 million by 2026 growing at a CAGR of 8.6% during the forecast period.
The low running costs of natural gas vehicles and the emission policies are driving the market. However, the possible transition to bio fuels is restraining the market.
The CNG dispenser is a variant in fuel dispensers, where the respective fuel that is compressed natural gas is pumped into the vehicles. The demand for CNG dispensers are being increased due to the efficiencies of CNG i.e. low in pollutants, high in yielding heat content, great calorific values and being very economical etc. Various type of alloys are used in manufacturing the dispensing equipment.
Based on flow rate, the up to 100 kg/min segment is estimated to hold good market share during the forecast period. 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 refuelling.
Asia Pacific is expected to grow magnificently 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.
Flow Rates Covered:Up to 100 Kg/Min Up to 50 Kg/Min Up to 15 Kg/Min
Types Covered:Time Filling Fast Filling
Distributions Covered:Dealer Owned & Dealer Run Company Owned & Company Run Company Owned & Dealer Run
Applications Covered:L-CNG Filling Stations Other Applications
Companies Profiled:Gilbarco Tulsa Gas Technologies Tatsuno Scheidt & Bachmann Sanki Fortive FTI International Korea EnE Kraus Lanfeng Parker Censtar Compac Dover Piusi Bennett Tokhein Neotec Wayne Tominaga
For more information about this report visit https://www.researchandmarkets.com/research/xps784/global_cng?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190118005228/en/
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Related Topics:Natural Gas
INDUSTRY KEYWORD: ENERGY OIL/GAS
SOURCE: Research and Markets
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PUB: 01/18/2019 08:19 AM/DISC: 01/18/2019 08:19 AM