Liquefied Petroleum Gas (LPG) Dispenser Market Forecasts to 2030 – Global Analysis By Type (Single Hose Dispenser, Dual Hose Dispenser, Multifuel Dispenser, Pump-Centric Dispensers and Other Types), Application (Automotive, Industrial, Residential, Commer

Liquefied Petroleum Gas (LPG) Dispenser Market Forecasts to 2030 – Global Analysis By Type (Single Hose Dispenser, Dual Hose Dispenser, Multifuel Dispenser, Pump-Centric Dispensers and Other Types), Application (Automotive, Industrial, Residential, Commercial and Other Applications) and by Geography

According to Stratistics MRC, the Global Liquefied Petroleum Gas (LPG) Dispenser Market is growing at a CAGR of 7.0% during the forecast period. A liquefied petroleum gas (LPG) dispenser is a specialized piece of equipment used to distribute LPG, a widely used and adaptable fuel for heating, cooking, and automotive applications, in a safe and effective manner. Whether in a home, business, or industrial setting, these dispensers have all the parts needed to precisely measure and dispense LPG to end users.

According to the World LP Gas Association Statistical Review 2008, the fall in auto LPG sales in the country is in sharp contrast to a sustained growth of over 7% in auto LPG, globally, since 2000. The demand for auto gas has grown over 19% in the past four years.

Market Dynamics:

Driver:

Growing adoption of LPG

The LPG Dispenser Market is greatly impacted by the explosion in LPG adoption, which is fueled by the fuel's adaptability and purity. Efficient dispensing solutions are becoming more and more in demand as more homes, businesses, and industries realize the advantages of LPG for industrial processes, heating, and cooking. Additionally, in order to meet the growing demand across a variety of sectors, LPG dispensers are essential to the smooth distribution of this widely used energy source.

Restraint:

Regulatory compliance and safety

The LPG dispenser market is significantly constrained by strict safety regulations and compliance requirements. Increasing production costs are a result of manufacturers having to continually invest in R&D to meet changing safety requirements. Furthermore, maintaining dispenser conformance with various national, international, and local standards complicates the manufacturing process and may present issues with cost- and scalability-effectiveness.

Opportunity:

Growth in the emerging markets

LPG dispensers have a substantial growth opportunity thanks to their deliberate entry into emerging markets. Clean and affordable energy solutions are becoming more and more in demand as urbanization quickens and incomes rise in these markets. Moreover, tailored marketing strategies, knowledge of local energy requirements, and collaboration with important stakeholders to negotiate regulatory environments are all necessary for building a strong presence in emerging economies.

Threat:

Variations in the LPG supply

Vulnerability to changes in the market arises from reliance on a consistent LPG supply. LPG pricing and availability can be affected by supply chain disruptions, natural disasters, and geopolitical tensions. Additionally, establishing robust supply chain networks, forming strategic alliances with dependable suppliers, and making investments in infrastructure for storage and logistics will help businesses reduce this threat and guarantee a steady and consistent supply of LPG.

Covid-19 Impact:

The COVID-19 pandemic caused significant disruptions to the liquefied petroleum gas (LPG) dispenser market. Lockdowns, travel restrictions, and the worldwide economic slump all had a negative impact on demand, particularly in industries like hospitality and transportation. Furthermore, impeding the deployment of LPG dispensers were supply chain disruptions, labor shortages, and construction project delays. In the post-pandemic recovery phase, LPG may see a rise in interest as a dependable and efficient fuel, as the pandemic also highlighted the significance of clean and flexible energy sources.

The Single Hose Dispenser segment is expected to be the largest during the forecast period

The single-hose dispenser segment is anticipated to hold the largest share in the market. Single-hose dispensers are very popular because they are easy to use and reasonably priced. These dispensers offer a simple and effective way to refuel LPG tanks or vehicles, usually catering to single users or smaller applications. Single-hose dispensers are frequently seen in small commercial buildings, residential neighborhoods, and gas stations because of their emphasis on user convenience and simplicity of use. Moreover, they are a mainstay of the LPG dispensing infrastructure because of the demand for a simple and convenient dispensing solution.

The Industrial segment is expected to have the highest CAGR during the forecast period

The liquefied petroleum gas (LPG) dispenser market is expected to have the highest CAGR in the industrial segment. An increase in industrial activity and the growing recognition of LPG as a cleaner and more sustainable fuel than traditional fuels have resulted in a demand for LPG dispensers from the industrial sector. However, these dispensers make efficient refuelling of machinery and vehicles possible and are widely used in manufacturing, processing, and energy-intensive industries.

Region with largest share:

The European region is projected to hold the largest share. A number of factors, such as a well-established infrastructure, regulatory frameworks that support clean energy, and the growing preference for LPG as an environmentally friendly fuel, contribute to the strength of the European market. Moreover, LPG dispensers are becoming more widely used in a variety of applications, from the automotive to the residential and industrial sectors, in European countries, especially those that place a high priority on sustainability and cutting carbon emissions.

Region with highest CAGR:

The Middle East and Africa (MEA) region is projected to have the highest CAGR. LPG dispenser demand has increased in the MEA region, especially in some of the countries that are experiencing economic growth and a growing emphasis on diversifying energy sources. The market is growing in this region due to factors like the government's initiatives supporting clean energy, the expansion of LPG infrastructure, and the versatility of LPG for various applications. Additionally, MEA is positioned as a potential hub for significant growth in the LPG dispenser market due to the growing industrial sector and the push towards cleaner fuels.

Key players in the market

Some of the key players in Liquefied Petroleum Gas (LPG) Dispenser market include Gilbarco Veeder-Root, Dover Fueling Solutions, Wayne Fueling Systems, Tatsuno Corporation, Compac Industries Limited, Sanki Petroleum Equipment Co., Ltd, Tokico System Solutions, Censtar Science & Technology Corp., Ltd., HongYang Group and Scheidt-Bachmann.

Key Developments:

In August 2023, Dover Fueling Solutions, a part of Dover and a leading global provider of advanced customer-focused technologies, services and solutions in the fuel and convenience retail industries, today announced a new partnership with GRUBBRR, a cutting-edge provider of self-ordering technology. The partners will launch a self-ordering solution, DX Market™ powered by GRUBBRR, within the DFS Anthem UX™ platform on the Wayne Ovation® fuel dispenser.

In May 2022, Scheidt & Bachmann Fuel Retail Solutions GmbH (S&B) and Kuwait Petroleum (Q8) have agreed on the rollout of current SIQMA solutions to Q8 filling stations in Belgium and Luxembourg. SIQMA is the product brand for all Scheidt & Bachmann cloud solutions, that improve and innovate the customer journey in fuel retail.

Types Covered:
• Single Hose Dispenser
• Dual Hose Dispenser
• Multifuel Dispenser
• Pump-Centric Dispensers
• Other Types

Applications Covered:
• Automotive
• Industrial
• Residential
• Commercial
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements