Global Fuel Dispenser Market Report by Fuel Type, Dispenser System, Flow Meter, and Region 2023-2028

The global fuel dispenser market size reached US$ 2.8 Billion in 2022. Looking forward, the market is expected to reach US$ 3.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.22% during 2022-2028.

Fuel dispenser refers to the devices used at fuel stations to pump and monitor liquid or gaseous fuel. It is used for dispensing various fuels, such as petrol, diesel, ethanol fuel, kerosene, biofuels and natural gas, into automobiles, aircraft, storage tanks and portable containers. It consists of numerous electronic and mechanical components, including hydraulic, display meters, hoses, pumps, valves and nozzles. The rotary pump in the hydraulic section of the dispenser draws the fuel from the storage tank and a pivot valve ensures that the fuel flows smoothly through the dispenser. It also ensures that the correct amount of fuel is dispensed into the vehicle tank.

Fuel Dispenser Market Trends

Significant growth in the automotive industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, increasing awareness among the masses regarding biofuels is providing a thrust to the market growth. Governments of both developed and developing economies are implementing favorable policies and offering subsidies to promote the utilization of hydrogen and compressed natural gas (CNG)-fueled vehicles. Additionally, various technological advancements, such as the development of electronic embedded dispensing systems, are acting as other growth-inducing factors. Equipment manufacturers are also integrating innovative artificial intelligence (AI), machine learning (ML), cloud and the Internet of Things (IoT)-based platforms to provide smart retail management solutions to consumers. Other factors, including the rising expenditure capacities of the consumers, along with extensive infrastructural developments, are anticipated to drive the market toward growth.

Key Market Segmentation

This research provides an analysis of the key trends in each sub-segment of the global fuel dispenser market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on fuel type, dispenser system and flow meter.

Breakup by Fuel Type:

• Petroleum Fuels
• Compressed Fuels
• Biofuels

Breakup by Dispenser System:

• Submersible
• Suction

Breakup by Flow Meter:

• Mechanical
• Electronics

Breakup by Region:

• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Latin America
• Brazil
• Mexico
• Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being Beijing SANKI Petroleum Technology Co. Ltd, Bennett Pump Company, Censtar Science & Technology Corp. Ltd, Dover Corporation, Fortive Corporation, Korea EnE Co. Ltd, Scheidt & Bachmann GmbH, Tatsuno Corporation, Tominaga Mfg. Company and Zhejiang Lanfeng Machine Co. Ltd.

Key Questions Answered in This Report

1. What was the size of the global fuel dispenser market in 2022?
2. What is the expected growth rate of the global fuel dispenser market during 2023-2028?
3. What has been the impact of COVID-19 on the global fuel dispenser market?
4. What are the key factors driving the global fuel dispenser market?
5. What is the breakup of the global fuel dispenser market based on the fuel type?
6. What is the breakup of the global fuel dispenser market based on the dispenser system?
7. What is the breakup of the global fuel dispenser market based on the flow meter?
8. What are the key regions in the global fuel dispenser market?
9. Who are the key players/companies in the global fuel dispenser market?