Environmental Regulations and Sustainability Initiatives Drive CNG Dispenser Market Expansion, says Market.us

Ketan Mahajan
Ketan Mahajan

Updated · Mar 1, 2023


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CNG at fast-fill stations is regularly stored in traces at a high carrier pressure (4,300 psi) so that the dispenser can shortly deliver it to the vehicle. The dispenser uses a sensor to measure the pressure and the range of gasoline gallon equivalents (GGEs) dispensed into the tank, taking into account the temperature.

Compressed natural gas must be kept in a storage system at a CNG filling station in order to maximize station usage. Two ways for storing natural gas are the buffer and cascade storage systems. CNG is kept in solitary high-pressure tanks during buffer storage.

According to the latest report by Market.us, the CNG Dispenser Market was valued at USD 175.12 Mn in 2023 and is expected to reach USD 320.24 Mn by 2033, at a CAGR of 8.72% during a forecast period.”

CNG Dispenser Market Size

Compressed natural gas (CNG) is dispensed to automobiles or containers using a CNG dispenser. CNG is an alternative fuel that is gaining popularity because of its favorable effects on the environment and the economy. Commonly seen at CNG filling stations, CNG dispensers are made to be secure, dependable, and simple to operate.

Anurag Sharma, a senior research analyst at Market.us, said, “The feeling of CNG vehicles is now faster and more effective thanks to the development of advanced dispensing equipment. The rising environmental regulations and sustainability drives have been driving the CNG dispenser market expansion. Countries all over the world are making various attempts to adopt this dispenser.”  

The most recent CNG dispensers have user-friendly interfaces, improved pressure management systems, and electronic flow meters for quick and simple recharging.

The use of modular design in CNG dispensers is on the rise. With this design, users can alter the dispenser to suit their unique requirements, including the number of hoses, the kind of dispenser, and storage capacity. Particularly for large commercial vehicles, high-pressure dispensers that can fill vehicles with pressures of 5000 psi or more are becoming in popularity. The need for heavy-duty CNG cars, which need greater pressures for effective refilling, is driving this development.

Recent trends in CNG dispensers have included integrated payment systems. These systems eliminate the need for manual transactions by allowing drivers to pay for their CNG filling using credit or debit cards, mobile payments, or other cashless ways

A storage tank, a compressor, a dispenser nozzle, and a control system typically make up a CNG dispenser. CNG is kept at high pressure, typically around 3,600 psi, in a storage tank. The natural gas is compressed before being added to the storage tank. CNG is dispensed into a vehicle or container using a dispenser nozzle. The distribution process is monitored and managed by a control system.

CNG is a cleaner fuel compared to gasoline or diesel, and it emits lower levels of greenhouse gases and pollutants. As a result, environmental concerns have become a key driving factor for the adoption of CNG dispensers. CNG is usually cheaper than traditional gasoline or diesel fuel. This makes it an attractive fuel option for price-conscious consumers. Governments around the world are promoting the use of cleaner fuels and have introduced policies and incentives to encourage the adoption of CNG dispensers.

Natural gas accessibility is crucial for the supply of CNG dispensers. Areas with a lot of natural gas resources are probably to have a lot of CNG dispensers available.

Infrastructure development, including the construction of pipelines and storage facilities, is necessary to supply CNG dispensers. Without sufficient infrastructure, it is difficult to supply CNG to consumers.

The competition among CNG dispenser suppliers may spur innovation and raise product quality, which may lead to a rise in demand.

Dispensers for compressed natural gas, a cleaner and less expensive fuel option, have grown in popularity recently. There are, however, a number of barriers to their general acceptance.

The lack of infrastructure for the transportation and distribution of CNG is one of the main obstacles to the widespread use of CNG dispensers. Customers’ access to CNG is limited since many gas stations lack the tools or room to set up CNG dispensers.

Many gas station operators may find it difficult to install CNG dispensers because it demands substantial infrastructure and equipment expenditure. Small businesses find it challenging to invest in CNG dispensers due to high capital expenditures, which reduces their availability.

CNG safety raises questions, particularly in the event of an accident or fire. Customers and gas station owners may be less reluctant to purchase or utilize CNG dispensers as a result of this, which can be a significant worry.

Ketan Mahajan

Ketan Mahajan

Hey! I am Ketan, working as a DME/SEO having 5+ Years of experience in this field leads to building new strategies and creating better results. I am always ready to contribute knowledge and that sounds more interesting when it comes to positive/negative outcomes.