Market Size of MEA 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 |
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MEA Compressed Natural Gas Dispenser Market Analysis
The Middle East and Africa compressed natural gas (CNG) dispenser market is expected 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, the Middle East and Africa compressed natural gas dispenser market is expected to include augmented growth due to CNG vehicles' economic and environmental benefits and the growing conversion rate of conventional engines to CNG vehicles.
- On the other hand, the growing occupancy of electric vehicles in the region is expected to impede the market growth for CNG vehicles and associated infrastructure.
- Nevertheless, the growing demand for CNG fuelling stations, which is currently less than the requirement for CNG vehicle units in the region, places an opportunity on the CNG dispensers market.
- Iran is expected to witness significant growth due to the growing CNG vehicles market because of the government's initiatives to promote vehicles.
MEA Compressed Natural Gas Dispenser Industry Segmentation
CNG dispensers are used to fill compressed natural gas into vehicles. These fuelling equipment are installed at the petrol pumps. The Middle East and Africa CNG dispenser market is segmented by geography. The report also covers the market size and forecasts for the Middle East and Africa Compressed Natural Gas Dispenser market across major countries. The market sizing and forecasts for each segment are based on revenue (in USD billion).
| Geography | |
| United Arab Emirates | |
| Saudi Arabia | |
| Egypt | |
| Tanzania | |
| Rest of Middle-East and Africa |
MEA Compressed Natural Gas Dispenser Market Size Summary
The Middle East and Africa compressed natural gas (CNG) dispenser market is poised for steady growth, driven by the economic and environmental advantages of CNG vehicles and the increasing conversion of conventional engines to CNG. Despite the initial setback due to the COVID-19 pandemic, the market has rebounded to pre-pandemic levels and is expected to expand further. The region's abundant natural gas reserves, particularly in countries like Iran, UAE, Turkey, and Egypt, support this growth. However, the rising adoption of electric vehicles poses a challenge to the CNG market's expansion. Nonetheless, the demand for CNG fueling stations, which currently lags behind the number of CNG vehicles, presents a significant opportunity for the CNG dispenser market.
Iran is anticipated to experience substantial growth in its CNG dispenser market, bolstered by government initiatives and the country's robust natural gas production. The Iranian government's efforts to promote CNG vehicles, including plans to manufacture and convert a large number of vehicles to CNG, are expected to significantly boost the market. Similarly, Egypt's investment in CNG infrastructure and vehicle conversion programs underscores the region's commitment to expanding its CNG market. The CNG dispenser market in the Middle East and Africa is moderately fragmented, with key players like FTI Group Ltd., Galileo Technologies SA, and Dover Fuelling Solutions contributing to technological advancements and market development.
MEA 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 Geography
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2.1.1 United Arab Emirates
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2.1.2 Saudi Arabia
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2.1.3 Egypt
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2.1.4 Tanzania
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2.1.5 Rest of Middle-East and Africa
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MEA Compressed Natural Gas Dispenser Market Size FAQs
What is the current MEA Compressed Natural Gas Dispenser Market size?
The MEA 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 MEA Compressed Natural Gas Dispenser Market?
FTI Group Ltd., Galileo Technologies SA, Pars Compressor , Dover Fuelling Solutions and Compressor Sazi Tabriz are the major companies operating in the MEA Compressed Natural Gas Dispenser Market.
