Albany, New York, March 24, 2017: According to the latest study which has been broadcasted to the online repository of Market Research Reports Search Engine (MRRSE), the surge in the number of vehicles has also increased the consumption of fuel. This has led to an increase in the number of fuel stations globally, which has positively impacted the market of fuel dispensers in the past few years and also expected to grow in the coming years as well. By looking to the constant growth, analysts have prepared the latest study on the global market, which is titled as “Fuel Dispensers Market- Global Industry Analysis, Size, Share, Growth, Trends and 2016-2024 Forecast”. Geographically, the report forecasts & analyzes the market of fuel dispensers on the global, regional and country levels. North America, Europe, Asia-Pacific, Latin America and Middle East & Africa (MEA), are the focused regions in the study.
This study is the latest published report prepared by Transparency Market Research (TMR) analysts, with a deep focus on its current market status, previous growth patterns and future growth prospects. As per the research estimation’s, the global market shipment value to cross 295,521 units by the end of 2024. Due to this, it is also expected that the market will grow at a CAGR of 2.40% between 2016 and 2024; by the end of the year 2024, the market’s opportunity is likely to touch US$2.26 billion.
In terms of Geography, China emerged as the leading domestic market in Asia Pacific in 2015 and is expected to maintain its position in the coming years, owing to it being the most prominent producer as well as consumer of fuel dispensers in the world.
A fuel dispenser, also known as petrol or gas pump, is a dispensing tool/gear that is used to pump fuels such as Gasoline, Diesel, CNG, Kerosene, High octane and all the other types of vehicles at the filling stations. Today, the rising need for various types of fuels, like petrol, diesel and CNG is expected to boost the demand for fuel dispensers across the world. In addition to this, technological advancements in fuel dispensers, new discoveries in oil, gas and other fuels and progress in the shale gas industry are anticipated to stimulate the demand for these dispensers substantially over the forecast period.
At first, the study provides a comprehensive view of the fuel dispenser market by dividing it on the basis of type, fuel types, flow meter and geography segments. The report provides a detailed analysis of segments, SWOT Analysis, Trends & Developments and major restraints and challenges within the industry.
Demand for Electronic Flow Meter to Increase Remarkably
The two major types of flow meters available in the global fuel dispenser market are electronic flow meter and mechanical flow meter. The demand for electronic flow meter has been higher than the mechanical one, mainly due to its accuracy, stability and reliability.
On the basis of types of covers:
Moreover, key players profiled in the report includes Piusi S.p.A., Wayne Fueling Systems LLC, Tokheim Group S.A.S, Gilbarco Inc. and others.
Browse Full Global fuel dispenser market Report with TOC:http://www.mrrse.com/fuel-dispenser-market
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