Fuel Dispenser Market

Market Size, Share & COVID-19 Impact Analysis, By Fuel Type (Petrol/Gasoline, Diesel, CNG, and Others), By Dispenser System (Submersible System and Suction System), By Flow Meter (Mechanical and Electronic), and Regional Forecast, 2020-2027

/E//OFuel Dispenser Market Size, Share & COVID-19 Impact Analysis, By Fuel Type (Petrol/Gasoline, Diesel, CNG, and Others), By Dispenser System (Submersible System and Suction System), By Flow Meter (Mechanical and Electronic), and Regional Forecast, 2020-2027

The global fuel dispenser market size was USD 2.54 billion in 2019 and is projected to reach USD 2.97 billion by 2027, exhibiting a CAGR of 5.7% during the forecast period.

Fuel dispensers ensure easy access to different kinds of fuels. They are installed at various locations to pump the fuel into vehicles, storage tanks, or portable containers. They ensure the pumping of an accurate amount of fuel in the tank. The increasing number of national and international transportation activities and the rising investments in building CNG stations are expected to boost the usage of fuel dispenser systems. Growth in the automotive industry with increasing adoption of dual fuel or multi-fuel vehicles and significant developments in dispenser technology are the key factors driving the growth of this market.