CNG dispenser Market

• Rising Demand for Clean and Sustainable Energy Drives Market Growth

Furthermore, government initiatives and legislation encouraging the usage of clean fuels are projected to propel the CNG dispenser market forward. In India, for example, the government has initiated the City Gas Distribution (CGD) project, which seeks to distribute piped natural gas (PNG) and compressed natural gas (CNG) to families and companies across the country.

Moreover, Natural gas vehicles (NGVs) are becoming increasingly popular. NGVs are cars that run on compressed natural gas (CNG) or liquefied natural gas (LNG) and are gaining popularity due to lower emissions, lower fuel costs, and quieter operation.  Several factors are driving the demand for NGVs, including rising fuel prices, growing environmental concerns, and government measures supporting the use of clean fuels. As the demand for NGVs rises, so will the demand for CNG dispensers, which are needed to fill these cars. 

The NGV industry is likely to expand further in the future years, particularly in growing economies such as India and China, where the government is encouraging the use of clean fuels to reduce pollution and reliance on foreign oil. Also, advances in CNG dispenser technology are projected to drive market expansion. New dispensers with improved safety features and faster filling times, for example, are being developed to make CNG refuelling more easy and efficient.

Overall, rising demand for natural gas vehicles is a primary driver of the CNG dispenser market's expansion, which is projected to continue in the coming years.

The Global CNG Dispenser Market Industry is witnessing an increasing demand for clean energy solutions as governments and consumers alike prioritize sustainability. The shift towards compressed natural gas (CNG) as a cleaner alternative to traditional fuels is evident in various regions. For instance, countries like the United States and Germany have implemented policies promoting the use of CNG vehicles. This trend is expected to contribute to the market's growth, with projections indicating a market value of 0.15 USD Billion in 2024 and a potential increase to 0.35 USD Billion by 2035, reflecting a compound annual growth rate (CAGR) of 8.05% from 2025 to 2035.

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America dominates the CNG dispenser market owing to the existence of a significant number of CNG cars, particularly in the transportation sector, which drives demand for CNG dispensers. 

The transportation sector in North America has been actively embracing CNG vehicles, resulting in a large increase in demand for CNG dispensers. The strong demand for CNG dispensers has been a major driver of growth in the North American CNG dispenser market. The United States and Canada have a huge number of CNG vehicles that are utilized for a variety of applications such as public transportation, delivery vehicles, and personal vehicles.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: CNG Dispenser Market Share By Region 2022 (USD Billion)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Europe CNG Dispenser Market accounts for the second-largest market share due to the expanding the use of natural gas as a clean fuel. Further, the German CNG Dispenser Market held the largest market share, and the UK CNG Dispenser Market was the fastest growing market in the European region

The Asia-Pacific CNG Dispenser Market is expected to grow at the fastest CAGR from 2023 to 2032. This is Because of the growing demand for natural gas as a clean fuel, as well as the existence of a large number of CNG vehicles. Moreover, China’s CNG Dispenser Market held the largest market share, and the Indian CNG Dispenser Market was the fastest growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the  CNG Dispenser Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate,  CNG Dispenserindustry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the  CNG Dispenser industry to benefit clients and increase the market sector. In recent years, the  CNG Dispenser industry has offered some of the most significant advantages to medicine. Major players in the  CNG Dispenser Market, including Censtar (China), FTI International (Canada), Lanfeng (China), Sanki (China), Parker (US), Tatsuno (Japan), WEH (Germany) and others, are attempting to increase market demand by investing in research and development operations.

Bennett Pump Company is a prominent maker of retail and commercial fuel dispensers and components. The company's products include traditional and alternative gasoline dispensers, payment systems, and control systems. Bennett Pump Company has a strong position in the CNG dispenser industry, offering a variety of dispensers designed to fulfill the needs of fleet operators and other enterprises who require quick and efficient vehicle refuelling. 

The company has a good reputation in the industry for its creative products and attention to quality. Bennett Pump Company is likely to expand more in the coming years as the market for fuel dispensers and related components grows. In 2021, Bennett Pump Company, a prominent player in the gasoline dispenser business, has announced the release of a new CNG dispenser with faster fill times and enhanced safety measures.

Gilbarco Inc., often known as Gilbarco Veeder-Root, is a manufacturer of fuel dispensers, point-of-sale systems, payment systems, forecourt merchandising, and support services. The company is a subsidiary of Vontier, with headquarters in Greensboro, North Carolina, in the United States. 

It employs around 4,000 people worldwide, with offices in North and South America, Europe, Asia, the Pacific Rim, Australia, the Middle East, and Africa for sales, production, research, and development. In 2020, Gilbarco Veeder-Root, a prominent maker of fuel dispensers, has announced the release of their Encore CNG dispenser, which has a stylish design and improved safety features.