Market Size of Europe Compressed Natural Gas Dispenser Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 3.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Compressed Natural Gas Dispenser Market Analysis
Europe compressed natural gas dispenser Market is anticipated to register a CAGR of over 3% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Presently the market now reached the pre-pandemic levels.
- Over the medium term, an increasing number of CNG vehicles around Europe and various government policies are focused on including more CNG stations. It is to stabilize and reduce the carbon footprint of vehicles to drive the compressor natural gas dispenser market.
- On the other hand, the need for proper natural gas infrastructures, such as pipeline inaccessibility to certain areas and rising alternate fuel sources such as batteries, is expected to act as restraints for the market to grow during the forecasting period.
- Nevertheless, the CNG vehicle count in Europe is expected to increase by 20% by 2030. As a result, factors such as government initiatives to support natural gas applications and an increasing population of vehicles across the region are expected to create a significant opportunity for the market for CNG dispensers in the coming years.
- Italy is dominating the CNG dispenser market with the highest number of CNG fuel stations and CNG vehicle presence.
Europe Compressed Natural Gas Dispenser Industry Segmentation
Generally, dispensers are machines or containers designed to release a specific amount of their contents, typically liquids or powders/fine granular materials. CNG stations differ from petrol or diesel stations because they do not come in one size fits all configurations. The right pressure and storage must be calculated for a retail application or an entire fleet of vehicles.
Europe compressed natural gas dispenser market is segmented by dispenser type and geography. By dispenser type, the market is segmented into fast-fill and time-fill. The report also covers the market size and forecasts for the compressed natural gas dispenser market across major regional countries. Each segment's market sizing and forecasts are based on revenue (USD billion).
| Dispenser Type | |
| Fast-fill | |
| Time-fill |
| Geography | |
| Italy | |
| Germany | |
| Spain | |
| France | |
| Rest of Europe |
Europe Compressed Natural Gas Dispenser Market Size Summary
The Europe compressed natural gas (CNG) dispenser market is poised for steady growth, driven by an increasing adoption of CNG vehicles and supportive government policies aimed at reducing carbon emissions. The market has rebounded to pre-pandemic levels after the setbacks caused by COVID-19. The expansion of CNG infrastructure, including the establishment of more refueling stations, is crucial to accommodate the growing number of CNG vehicles across Europe. However, challenges such as inadequate natural gas infrastructure and the rise of alternative fuel sources like electric batteries may hinder market growth. Despite these challenges, the market is expected to benefit from government initiatives promoting natural gas applications and the anticipated increase in CNG vehicle populations, particularly in countries like Italy, which leads in CNG station and vehicle presence.
The market landscape is moderately fragmented, with key players such as Gilbarco Inc., Tatsuno Europe AS, and Parker Hannifin Corp actively participating. The fast-fill segment is expected to see increased demand due to its suitability for retail situations where quick refueling is essential. Italy's CNG market is notably robust, with significant investments in refueling infrastructure and a growing number of CNG vehicles. Initiatives like the supply of natural gas buses to public transport companies further bolster the market's prospects. Recent developments, such as the opening of new CNG and LNG service stations in Spain and the establishment of biomethane refueling stations in the UK, highlight the ongoing efforts to expand the CNG network and meet the rising demand for cleaner fuel alternatives.
Europe Compressed Natural Gas Dispenser Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2028
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitutes Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Dispenser Type
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2.1.1 Fast-fill
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2.1.2 Time-fill
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2.2 Geography
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2.2.1 Italy
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2.2.2 Germany
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2.2.3 Spain
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2.2.4 France
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2.2.5 Rest of Europe
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Europe Compressed Natural Gas Dispenser Market Size FAQs
What is the current Europe Compressed Natural Gas Dispenser Market size?
The Europe Compressed Natural Gas Dispenser Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Europe Compressed Natural Gas Dispenser Market?
Gilbarco Inc, Tatsuno Europe AS, Parker Hannifin Corp, Cetil Dispensing Technology, S.L and Sherex Europe ApS are the major companies operating in the Europe Compressed Natural Gas Dispenser Market.
