Asia Pacific Fuel Dispenser Market Size, Share & Trends Analysis Report By Product (Submersible, Suction), By Application (Petrol, Diesel, Compressed Natural Gas), By Region, And Segment Forecasts, 2024 - 2030

Asia Pacific Fuel Dispenser Market Size, Share & Trends Analysis Report By Product (Submersible, Suction), By Application (Petrol, Diesel, Compressed Natural Gas), By Region, And Segment Forecasts, 2024 - 2030

Asia Pacific Fuel Dispenser Market Growth & Trends

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.

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.

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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