Asia Pacific Fuel Dispenser Market Analysis by Type, Application, Sales Channel, & Region, 2024

Felton, Calif., USA, Oct. 06, 2020 — /EPR Network/ —

The global Asia Pacific Fuel Dispenser Market research report provides complete insights on industry scope, global trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready, data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.

Market Overview:

The Asia Pacific fuel dispenser market size is projected to touch USD1.39 billion by the end of 2024, as per the report released by Million Insights. Increasing demand for vehicles coupled with growing per capita income and rapidly growing shale gas industry is predicted to boost the demand for the product over the estimated duration. 

Key Players:

• GilbarcoInc
• Wayne Fueling Systems LLC
• Tokheim
• Tatsuno Corporation
• Scheidt & Bachmann
• Bennett Pump Company 

Request free sample to get a complete analysis of top-performing companies @ https://www.millioninsights.com/industry-reports/asia-pacific-fuel-dispenser-market/request-sample 

Growth Drivers: 

The emerging nations of the region such as India and China occupied more than 75% market share in 2015. The surging demand from China due to increasing purchasing power and higher sales of automotive is anticipated to bode well for the market growth.

The increasing urbanization in India is predicted to create a demand for infrastructural development. The growing per capita income of the customers is anticipated to supplement the demand for personal vehicles. This has resulted in boosting the demand for dispensing systems and fueling stations, thereby, supplementing the market growth.

The continuous economic growth and positive GDP are predicted to boost the demand for oil & gas related products, thereby, it is anticipated to boost the growth of the industry in the Asia Pacific. The threat of entry of new players is minimal due to the operation of established manufacturers in the industry.

Technology Outlook: 

• Submersible
• Suction 

Application Outlook: 

• Petrol/Gasoline
• Diesel
• Compressed Natural Gas (CNG)
• Others 

Regional Insights: 

China is projected to lead the regional market of Asia Pacific, holding more than 50% share in overall revenue in 2015. The increase in the production of dispenser systems due to the rising number of CNG vehicles, is predicted to bode well for the market growth.

China is the leading consumer and producer of fuel dispenser holding more than 45% regional market in 2015. Rising demand for CNG and petrol dispensing systems is predicted to augment the industry growth over the forecast years. The rapid expansion of the automotive industry is also projected to support the industry growth in the coming years.

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