Fuel Dispensers Market Projected to Reach US$ 2,262.9 Mn by 2024: Transparency Market Research

Transparency Market Research has published a new report titled “Fuel Dispensers Market for Petrol, Diesel, CNG, Compressed Hydrogen and Other Fuel Types – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016–2024.” According to the report, the global fuel dispensers market was valued at US$ 1,835.5 Mn in 2015 and is likely to reach US$ 2,262.9 Mn by 2024, expanding at a CAGR of 2.4% between 2016 and 2024.

Asia Pacific accounted for more than 45% share of the global fuel dispensers market in 2015. Increasing urbanization along with infrastructural developments and new discoveries regarding oil & gas and other fuels, and shale gas boom has been prominent factors driving the fuel dispensers market in the region. North America combined with Europe held substantial market share of the total fuel dispensers market in 2015. The fuel dispensers market in these regions is anticipated to exhibit stable growth during the forecast period.

Browse the Full Report At : http://www.transparencymarketresearch.com/fuel-dispenser-market.html

In terms of country, China constituted significant share of the global fuel dispensers market in 2015. Dispensing various fuel types such as petrol, diesel, CNG and others have been the primary applications of fuel dispensers. Fuel dispensers are mainly of two types suction fuel dispensers and submersible fuel dispensers. These are the different systems based on which fuel dispenser works. In suction type, the dispenser consists of motor and suction system included in their case so that the dispenser works independently. In submersible type, the dispenser do not consist of motor and suction system included in their case so the dispenser cannot work independently.

Consumption of fuel dispensers was high in China in Asia Pacific in 2015. China was the major producer and consumer of fuel dispensers in the world in 2015. Rising population and increasing urbanization along with infrastructural developments were the major factors driving the market in the region. India and ASEAN are anticipated to provide substantial growth opportunities for the fuel dispensers market in the next few years. Countries such as India, Japan, and China account for significant consumption of fuel dispensers in Asia Pacific. North America followed Europe and Asia Pacific in terms of consumption of fuel dispensers in 2015. It constituted more than 13% of the total fuel dispenser’s market share in the world. The fuel dispensers market in Europe is anticipated to expand at a sluggish growth rate during the forecast period.

Latin America is projected to be a beneficial market for fuel dispensers by 2024, as it is a growing region. Expansion of automobile industries in the region is projected to propel the demand for fuel dispensers in Latin America during the forecast period.

Major companies operating in the market includes Tokheim Group S.A.S, Piusi S.p.A., Wayne Fueling Systems LLC, Gilbarco Inc. and others.

The fuel dispensers market has been divided into the following segments:

Fuel Dispensers Market – Type Analysis

  • Submersible System
  • Suction System

Fuel Dispensers Market – Flow Meter Analysis

  • Mechanical
  • Electronic

Fuel Dispensers Market – Fuel Type Analysis

  • Petrol
  • Diesel
  • CNG
  • Compressed Hydrogen
  • Others

Fuel Dispensers Market – Region Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Egypt
    • South Africa
    • Rest of Middle East & Africa

Get Sample Of This Research Report : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=12305

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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