Technavio, a tech-focused market research firm, has published a new report on the global fuel dispenser market, which is expected to grow at a CAGR of more than 5% during the forecast period, 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global fuel dispenser market into the following key regions: APAC, Europe, North America, and ROW.
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Top three contributors for the global fuel dispenser market are elaborated below
Fuel dispenser market in North America: The growth of the market in North America is attributable to the need to comply with stringent emission norms and increasing environmental and health concerns in the region. The US and Canada are the key revenue generating countries in the fuel dispenser market in North America.
According to Abhay Sinha, a lead analyst at Technavio, “The automobile market in North America is driven fundamentally by low-interest rates and low gas prices. The consumption of fuel is anticipated to increase with the decline in oil prices.”
Fuel dispenser market in Europe: An increase in disposable incomes, and the resultant rise in the demand for automobiles is the driving force behind the growth of the fuel dispenser market in Europe. The market in this region is expected to undergo a surge in the construction of CNG fuel dispensers until 2021.
Fuel dispenser market in APAC: The market for fuel dispensers in APAC grows in tandem with its flourishing automobile industry. Japan, India, China, and South Korea are the key countries in the region. Strategic initiatives taken by governments of APAC countries to control emissions is also projected to reflect positively on the growth of the market in this region.
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The top leading vendors operating in the global fuel dispenser market are:
- Gilbarco
- Censtar Science & Technology
- Dover
Other prominent vendors in the market include Beijing Sanki Petroleum, Bennett Pump, Chengdu Huaqi Houpu Holding, DEM G. SPYRIDES, Scheidt & Bachmann, Tatsuno, and Zhejiang Datian machin.
A more detailed analysis is available in the Technavio report titled, ‘Global Fuel Dispenser Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Flex Fuel Engine Market 2016-2020
- Global Dual Fuel Engine Market 2016-2020
- Global Fuels Market 2016-2020
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