Rising demand for petroleum and CNG products, along with the growth of hybrid vehicles, will boost the fuel dispenser market.
TechSci Research forecasts significant growth in the Global Fuel Dispenser Market from 2018 to 2028. Increased awareness of biofuels and supportive government policies are driving market expansion, particularly for hydrogen and CNG-fueled vehicles.
The automotive industry’s substantial growth worldwide, coupled with increased biofuel awareness, contributes to market momentum. Governments offer subsidies to promote hydrogen and CNG vehicle usage. Technological advancements, including electronic dispensing systems and AI integration, further fuel market growth. Rising consumer spending and infrastructural developments also play key roles in driving market growth.
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The global fuel dispenser market is divided by fuel type, dispenser system, flow meter, application, and region. Fuel types include petroleum, compressed, biofuels, and others. Dispenser systems are categorized as submersible and suction, while flow meters are either mechanical or electronic. Applications cover petrol, diesel, biofuel, and others. Regions encompass Europe, North America, Asia-Pacific, South America, and the Middle East & Africa.
In 2022, the submersible dispenser system dominated due to its cost-effectiveness and ease of maintenance. Petrol was the leading application, driven by increased industrial and commercial energy demand. The electronic flow meter segment led, benefiting from reliability and technological advancements such as online payments and automated systems.
Asia-Pacific led the market in 2022 and is expected to continue dominating, fueled by major customers, manufacturing advantages, and growth in industrialization and urbanization, especially in countries like India and China.
Major market players operating in the global fuel dispenser market are:
- Dover Fueling Solutions
- Gilbarco Inc
- Tatsuno Corporation
- Scheidt & Bachmann Tubs d.o.o.
- Bennett Pump Company
- NEOTEC
- Piusi SpA
- Lanfeng Technology Inc.
- Tominaga Mfg Co.
- Censtar Science & Technology Corp., Ltd.
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“Fuel retailers are adapting to consumer demands by enhancing digital and physical experiences, moving away from traditional models. Digital advancements are crucial for market growth. Automated fuel dispensers are gaining popularity, prompting manufacturers to innovate. With increased use of conventional and alternative fuels, the market is expected to grow. Karan Chechi, Research Director at TechSci Research, highlights these trends.
The global Fuel Dispenser Market, analyzed in TechSci Research’s report, forecasts growth from 2018 to 2028. It examines fuel types, dispenser systems, flow meters, applications, and regional competition. The report aims to offer actionable market insights, identifying trends, drivers, challenges, and opportunities.”
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