The global Asia Pacific fuel dispenser market size is expected to reach USD 2.25 billion by 2030, registering a CAGR of 7.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The demand for fuel dispenser in Asia Pacific is expected to grow significantly over the forecast period, primarily driven by the increasing demand for vehicles in the region. The developing economies in the region, including China and India, accounted for over 75% of the total market in 2015. The growing demand in China owing to the growing consumer spending capacity as well as robust automotive sales is expected to have a positive impact on the industry growth.
The constant movement of the rural population to urban areas in India is expected to create a need for infrastructural development. The growing disposable incomes of the consumers is expected to drive the demand for vehicles in the country. As a result, the demand for fueling stations and dispensing systems is expected to grow over the next eight years.
Asia Pacific Fuel Dispenser Market Report Highlights
- In 2023, the submersible segment dominated the market and accounted for the largest revenue share of 77.7%, owing to its low maintenance cost, fast fueling, low noise and reliability.
- The Compressed Natural Gas (CNG) segment is expected to witness the fastest CAGR of 7.9% during the forecast period. The key drivers of CNG are low fuel price, higher mileage and eco-friendlier.
- In 2023, China dominated the market, capturing a significant market revenue share 40.10%, owing to the rising number of adoption of vehicles by people and rise in disposable income.
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The positive gross domestic product (GDP) and steady growth in the consumer standards of living is expected to augment the demand for oil & gas and related products, which in turn is expected to aid the industry growth in Asia Pacific. The threat of new entrants is low owing to the presence of established manufacturers in the region.
High capital requirements, coupled with the need for advanced technologies, may restrict the entry of new industry players. Furthermore, the dispensing systems are utilized to distribute fuel to the general population. It is highly flammable and hazardous to the human health and the environment, owing to which several associations have set standards for the manufacturing of dispenser systems.
List of major companies in the Asia Pacific Fuel Dispenser Market
- Gilbarco Inc.
- Dover Fueling Solutions (Wayne Fueling Systems LLC) - (acquired)
- Dover Fueling Solutions (Tokheim) - (acquired)
- Tatsuno Corporation
- Tominaga Mfg. Company
- Scheidt & Bachmann
- Bennett Pump Company
- Beijing Sanki Petroleum Technology Co. Ltd.
We have segmented the Asia Pacific fuel dispenser market on the basis of on product, application and region.
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Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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