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Allied Market Research

Fuel Dispenser Market: Global Opportunity Analysis and Industry Forecast 2020 - 2027

A06989
Pages: NA
Sep 2020 | 134 Views
 
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A fuel dispenser is a machine at the gas station that is used to pump various fuels such as petrol, diesel, LPG, and kerosene into vehicles. The electronic part of the fuel dispenser is equipped with an embedded system, pumps display, and other units, whereas the mechanical system uses an electric motor, pumping unit, meters, and other mechanical equipment. These are the different systems based on which fuel dispenser functions. Two types of fuel dispensers are available in the market, including suction and submersible. In suction type, the dispenser consists of motor and suction system built in their case so that the dispenser works independently. In submersible type, the dispenser does not consist of motor and suction system so the dispenser cannot work independently. 

Market scope and structure analysis

                Report Metric

                                                 Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast unit

   Value (USD)

  Segments covered

  Type, Flow Meter, Application, and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and Middle East & Africa

  Companies covered

  • Zhejiang Lanfeng Machine Co. Ltd.
  • Wayne Fueling Systems LLC
  • Tominaga Mfg. Co.
  • Tokheim Group S.A.S
  • Tatsuno Corp.
  • Scheidt & Bachmann GmbH
  • Piusi S.p.A.
  • Neotec
  • Korea EnE Co. Ltd.
  • Gilbarco Inc.
  • Bennett Pump Co.
  • Beijing Sanki Petroleum Technology Co. Ltd.

 

 

Global Fuel Dispenser Market, By Type

  • Submersible Systems 
  • Suction Systems 

Global Fuel Dispenser Market, By Flow Meter

  • Mechanical 
  • Electronic 

Global Fuel Dispenser Market, By Application

  • Petrol 
  • Diesel 
  • CNG 
  • Compressed Hydrogen

COVID-19 scenario analysis

The spread of virus has reduced prices of oil drastically. The oil & gas activities are considered under essential services by governments and have been mostly exempt from the lockdown measures. However, due to supply chain disruption and the lack of personnel as they are to be quarantined, the growth of the oil industry is declining. The worldwide lockdown has suspended the travel privileges so the fuel consumption has been reduced. The decline in demand for fuels has reduced the demand for fuel dispenser across the world in the current scenario.

Market scenario analysis

The fuel dispenser market is expected to showcase faster growth during the forecast period. The rapid increase in number of gas stations to meet the fuel demand is the major factor driving the growth of fuel dispenser market. Moreover, rise in preference toward natural gas vehicles and surge in consumption of petroleum products in developing countries are expected to boost the market for fuel dispenser. Furthermore, the demand for various types of fuel is rising rapidly, which increases the demand for fuel dispensers market. Furthermore, innovations and ongoing technological advancements along with expansion of the oil & gas industry are expected to create various opportunities in the fuel dispenser market over the forecast years. In addition, rapid increase in sales of vehicles in the developing countries such as India is contributing toward the expansion of the fuel dispenser market in the coming years. 

Market drivers and trends

The development of the automotive industry, rise in demand for eco-friendly fuels, and increase in need for automobiles, globally are the key factors driving the growth of this market. Moreover, increase in national and international trade is impacting the growth of this market. Moreover, upsurge in demand for vehicles, due to rise in disposable income of consumers and improvement in lifestyle act as key factors driving the growth of this market. 

The installation of an interactive video screen, scanner, customer identification keypad, barcoding, and magnetic card terminal in  advanced fuel dispensers is anticipated to boost their demand, globally. Furthermore, manufacturers are coming up with new products such as customizable fuel dispensers to enhance the customer experience. For instance, Hindustan Petroleum Corporation Limited introduced diesel dispenser HP Fuel Connect in Mumbai for speedy delivery of diesel. It is equipped with safety measures such as pre-check valve, bottom loading jet sensor, high & low sensors, and nozzle boot to ensure safe operations all the time.

Regional insights

The regional analysis of the fuel dispensers market is carried out across North America, Europe, Asia-Pacific, and Latin America & MEA. Asia-Pacific dominated the global fuel dispenser market in response to the expansion of the automotive industry, surge in demand for gas in India, and emerging new players. Technological advancements in the automotive industry and incorporation of new features in the fuel dispenser are anticipated to further contribute toward the growth of the market in this region.  

Key benefits of the report

  • This study presents the analytical depiction of the global fuel dispenser industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global fuel dispenser market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global fuel dispenser market growth scenario.
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years. 
 
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