Demand for CNG dispensers expected to show a rapid growth due to surging demand for energy in automotive industry

TMR has published a new report on CNG Dispensers Market which gives detailed insight into the market size, trend, present opportunities and key-players.

CNG is an abbreviation of compressed natural gas. CNG has high calorific value and content. Its use causes less pollution. It yields heat and it is found in large quantities across the world. It is one of the viable alternatives for the traditional energy sources used in the automotive industry. A CNG dispenser is a special type of fuel dispenser placed at a filling station. It is used for pumping CNG into vehicles. Global energy consumption is increasing rapidly day by day. Demand for CNG dispensers is rising rapidly all over the globe in order to meet the surging demand for energy in the automotive industry.Get a PDF Brochure Detailing about the current size & value of the market with all other necessary information at https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=53262
CNG Dispensers Market: Key Segments
The CNG dispensers market can be segmented based on type, flow rate, and distribution channel. Based on type, the market can be segmented into fast-filling and time-filling. Based on flow rate, the market can be divided into 1–15 kg/min, 16–50 kg/min, and above 50 kg/min. Based on distribution channel, the CNG dispensers market can be classified into company-owned & company-run, dealer-owned & dealer-run, and company-owned & dealer-run. A majority of the leading players across the world are engaged in advanced research and development activities to derive new methods for extraction and processing of natural gas for use in the automotive industry. This factor is driving the CNG dispensers market. Challenges related to leakages is acting as a major restraint of the CNG dispensers market. A small leakage can, at times, lead to a major fire outbreak that should be handled carefully. Even as the CNG dispensers are commercially feasible, the technology alone would not determine the energy future. The cost of installation of CNG dispensers is high. Thus, it is likely that new and advanced technologies of CNG dispensers are emerging and approaches will be required to achieve economic feasibility.
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