| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| CAGR | 3.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
CNG Dispenser Market Analysis
The Compressed Natural Gas Dispenser Market is expected to register a CAGR of greater than 3.5% during the forecast period.
- With increasing carbon footprint, governments across the globe are concentrating more on greener fuels like compressed natural gas, to reduce dependency on petroleum products, to have a low energy cost, and to control the rising air pollution, with increasing vehicles. For instance, Europe is estimated to have a CAGR growth of 20% by 2030 in CNG vehicles count. Thus, factors such as supportive government initiatives, along with the rising population of vehicles across the globe to accelerate natural gas applications, are expected to create a significant opportunity for the CNG dispenser market to grow in the near future.
- The Asia Pacific is dominating the CNG dispenser market with the highest number of CNG fuel stations and CNG vehicle presence. By the end of 2018, China has nearly 10 million CNG vehicles, with 9000 fuel stations, and is expected to increase to around 20,000 by 2025.
CNG Dispenser Market Trends
Increasing Number of CNG Vehicles to Drive the Market
- CNG vehicles are the alternative to conventional vehicles. The operational cost of the vehicles is comparatively lower than gasoline or diesel vehicles. Moreover, the combustion of natural gas doesn't emit high carbon particles, making its more eco-friendly.
- CNG dispenser market and CNG vehicle market operate hand to hand i.e., with the increase in CNG vehicle, there is much possibility in CNG station growth. A CNG station minimum operates two dispenser units; thus, growth in CNG stations is expected to boost the dispenser market.
- During 2018, the India CNG vehicle population grew by nearly 27% Y-O-Y, with CNG station Y-O-Y growth of almost 9%. With the growth of CNG consumption, several private companies are participating in the bidding process to install CNG stations.
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Asia-Pacific is Dominating the Market
- With around 19 million natural gas vehicles, the Asia-Pacific region has the highest number of natural gas fuel stations in 2018. The region's natural gas stations count nearly 60% of the total natural gas stations of the world. Out of the total, around 97% of the Asia-Pacific's natural gas stations offer CNG, indicating a large CNG dispenser market in the region.
- China and India are the prominent country within the region that have the highest number of CNG stations. China CNG station market is co-operatively covered by its state-owned companies, private and foreign companies, while in India, CNG stations are majorly operated by government entities.
- During 2018, there are around 101,000 gas stations in China, with China Petrochemical Corporation, China National Petroleum Corporation, Sinochem Corporation, China National Offshore Oil Corporation, and BP (China) Holdings Limited as the major gas station operator.
- India, on the other hand, has around 1900 CNG station in 2018, that is mostly operated by government entities like Indraprastha Gas Ltd., Mahanagar Gas Ltd, and GAIL Gas Ltd. It is expected that with the push of the Indian government to increase natural gas infrastructure, the CNG refueling station is expected to grow to 15,000 by 2030.
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CNG Dispenser Industry Overview
The Compressed Natural Gas (CNG) dispenser market is fragmented. Some of the key players in the market include Greka Engineering, Gilbarco Veeder Root, Tulsa Gas Technologies India Pvt. Ltd, Tatsuno Europe AS, Scheidt & Bachmann Gmbh, and Sanki Industry Group.
CNG Dispenser Market Leaders
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Greka Engineering
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Gilbarco Veeder Root
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Tulsa Gas Technologies India Pvt. Ltd
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Tatsuno Europe AS
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Scheidt & Bachmann Gmbh
- *Disclaimer: Major Players sorted in no particular order
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CNG Dispenser Industry Segmentation
The compressed natural gas (CNG) dispenser market report include:
| Geography | North America |
| Europe | |
| Asia-Pacific | |
| South America | |
| Middle-East and Africa |
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CNG Dispenser Market Research FAQs
What is the current Compressed Natural Gas (CNG) Dispenser Market size?
The Compressed Natural Gas (CNG) Dispenser Market is projected to register a CAGR of greater than 3.5% during the forecast period (2025-2030)
Who are the key players in Compressed Natural Gas (CNG) Dispenser Market?
Greka Engineering, Gilbarco Veeder Root, Tulsa Gas Technologies India Pvt. Ltd, Tatsuno Europe AS and Scheidt & Bachmann Gmbh are the major companies operating in the Compressed Natural Gas (CNG) Dispenser Market.
Which is the fastest growing region in Compressed Natural Gas (CNG) Dispenser Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Compressed Natural Gas (CNG) Dispenser Market?
In 2025, the Asia Pacific accounts for the largest market share in Compressed Natural Gas (CNG) Dispenser Market.
What years does this Compressed Natural Gas (CNG) Dispenser Market cover?
The report covers the Compressed Natural Gas (CNG) Dispenser Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Compressed Natural Gas (CNG) Dispenser Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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CNG Dispenser Industry Report
Statistics for the 2025 Compressed Natural Gas (CNG) Dispenser market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Compressed Natural Gas (CNG) Dispenser analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
