Market Overview 

According to recent information, the global fuel dispenser market size is estimated to grow at a significant CAGR OF 5.82%.

A fuel Dispenser is an essential device used to dispense or monitor liquid or gaseous fuel in fuel stations. These dispensers are used to pump liquid or gaseous fuels like petrol, diesel, and natural gas into vehicles, storage tanks, aircraft, or portable containers. This system contains several parts like hydraulic, metering, and hose/ nozzle portions. These systems' design and construction depend on various factors like the number of grades, fuel products, the volume of business, and facility size. These dispensers can deliver the fuel coupled with the price of fuel. Apart, these systems can pump an accurate amount of fuel into the tank. In addition to that, gaseous fuel dispensers can refuel hydrogen or syngas-powered vehicles and are used to move gasses from one location to another.

The automotive industry has rapid growth in the developing economies like Europe, Asia-Pacific, and LAMEA is increasing the demand for the fuel that leads to an increase in the demand of the fuel dispenser market in the assessment period. Moreover, growing awareness and adoption of biofuels among consumers around the world is expected to escalate the market growth. A rise in the number of national and international transportation activities and investments in building CNG stations are increasingly enhancing the usage of fuel dispenser systems.

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Market Segmentation 

·       Based on the recent information, the fuel dispenser market is analyzed into three segments such as product, type, and application.

·       Product Segmentation: By product, the fuel dispenser market is bifurcated into general fuel dispensers and self-service fuel dispensers. 

·       Type Segmentation: The fuel dispenser market types are categorized into submersible and suction.

·       Application Segmentation: The fuel dispenser applications are of various types such as petrol, diesel, biofuel, and others. 

Key Players leading the fuel dispenser market include

·       Dover Fueling Solutions (US)

·       Gilbarco Inc. (US), Tatsuno Corporation (Japan)

·       Scheidt & Bachmann Tubs d.o.o. (Croatia)

·       Bennett Pump Company (US)

·       NEOTEC (Greece), Piusi SpA (Italy)

·       LanFeng Co., Ltd (China)

·       Tominaga Mfg Co. (Japan)

·       Censtar Science & Technology Corp., Ltd (China)

·       Beijing Sanki Petroleum Technology Co., Ltd (China)

·       Zhejiang Datian Machine Co., Ltd (China)

·       Korea EnE Co., Ltd (Seoul)

Industry/ Innovation/ Related News

Jan.15, 2021 ---- GoFuel (India), a leading Chennai-based startup, announced the availability of doorstep fuel delivery in the city. The company claims that it is India's first non-OMC branded mobile fuel distributor approved by PESO (Petroleum and Explosives Safety Organisation) – the nodal agency that oversees safety requirements of the explosives and petroleum sectors in the country. 

Oct. 28, 2020 ---- Repos Energy (India), a Ratan Tata-backed startup launched India's first double-dispenser mobile petrol pump – VO Alpha to disrupt the door-to-door diesel delivery sector in the country. The company says that VO Alpha is developed after several months of R&D and hard work. In addition to the double-dispensing unit (DDU), VO Alpha features an IoT controller, an advanced brake interlock system for extra safety, geo-fencing, and fuel sensors.

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