The global fuel dispenser market value reached around USD 2.73 Billion in 2023. The increasing number of vehicles, particularly in emerging economies, significantly boosts demand for fuel dispensers. Additionally, the growing adoption of alternative fuels, such as compressed natural gas (CNG), is driving the installation of specialised dispensers. Companies like Gilbarco Veeder-Root are expanding their product lines to include CNG dispensers. As a result, the industry is expected to grow at a CAGR of 5.70% during the forecast period of 2024-2032 to attain a value of USD 4.50 Billion by 2032. Advancements in smart technologies, including contactless payment systems and IoT integration, is also aiding growth of the market. Wayne Fuelling Systems offers dispensers equipped with digital interfaces that allow for seamless transactions and real-time monitoring, while Bennett Pump Company has introduced dispensers with integrated payment solutions that support mobile wallets.
Base Year
Historical Year
Forecast Year
Value in USD Billion
2024-2032
Fuel Dispenser Market Outlook
*this image is indicative*
The expansion of fuel retailing in both emerging and developed markets is invigorating the industry's growth. As the surging pollution levels are leading to the introduction of various stringent government policies regarding the consumption of fossil fuels, the demand for alternative fuels is on the rise. This, in turn, is increasing the demand for fuel dispensers for alternative and compressed fuels, such as biofuels and compressed natural gas (CNG), which is further bolstering the industry growth. In addition, the growing investments in hydrogen fuel by the leading companies are expected to increase the demand for fuel dispensers, which is estimated to provide further impetus to the growth of the fuel dispenser industry.
The increasing trend of home delivery of fuels owing to the penetration of various start-ups is increasing the demand for fuel dispensers in mobile fuel stations, hence propelling the market growth. For instance, the Ministry of Petroleum and Natural Gas in India envisaged a plan to collaborate with various start-ups to enable door-to-door delivery of high-speed diesel used for both automotive and industrial applications in July 2019. The trend escalated with the surge of the COVID-19 pandemic in 2020, owing to social distancing, stay-at-home orders, and rising safety concerns.
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Adoption of latest technology, increasing research activities for the development of smart fuel dispensers, and emergence of touch-screen devices and mobile apps are the key trends propelling the market growth.
The integration of the latest technologies in fuel dispensers to reduce manual labour and enable automation is propelling the growth of the fuel dispenser market. The deployment of the Internet of Things (IoT) and data analytics in fuel stations owing to the advent of connected vehicles is expected to lead to the development of advanced fuel dispensers, which is projected to propel the market growth. For instance, In February 2021, Dover Fueling Solutions launched the DFS DX™ connected solutions platform. This platform utilises IoT and advanced analytics to enhance customer experience and optimise assets in the fuelling and retail industry. Moreover, Dover Fueling Solutions introduced DX Power™, a solution that integrates EV chargers with the Prizma ecosystem. This integration provides retailers with improved visibility and control while offering customers flexible payment options. Traditionally, EV chargers operated separately from the main point-of-sale systems, but DX Power™ bridges this gap, streamlining operations.
Increasing research activities for the development of smart fuel dispensers that can access the fuelling history of vehicles to provide significant insights into fuel type, requirements, and purchases to consumers is estimated to further invigorate the market growth in the forecast period. For instance, researchers from the Middle East University in Jordan have developed a smart fuel dispenser system that leverages Radio Frequency Identification (RFID) technology and Internet of Things (IoT)-based monitoring. This system automates fuel dispensing, reduces congestion at fuel stations, and offers real-time tracking of fuel transactions for both customers and station operators, which can boost fuel dispenser market value. A study presented at an IEEE conference further offered details of an innovative IoT-enabled smart fuel station management system. This system integrates IoT technology with fuel station infrastructure to enable real-time data acquisition and analysis, enhancing operational efficiency and customer experience.
The integration of contactless payment systems in fuel dispensers is transforming the fuel filling experience. Major fuel retailers are responding to this trend with innovative payment options. For instance, Shell has implemented its Shell Pay at Pump system, which allows customers to pay for fuel directly at the dispenser using their mobile devices. This initiative has been rolled out at over 10,000 Shell stations across the U.S., significantly improving transaction speed and reducing wait times. Another example is the partnership between BP and PayPal, which enables customers to pay via the BPme app. The app has seen over 4 million downloads since its launch, illustrating the growing acceptance of mobile payment solutions among consumers. By using contactless payments, BP has reported a 15% increase in customer satisfaction related to the fueling experience. Additionally, Amazon's "pay by car" initiative, launched in select locations, allows drivers to pay for fuel through their vehicle's infotainment system. This service is currently available at more than 500 gas stations across the U.S.
The compatibility of fuel dispensers with alternative fuels is becoming increasingly important as the world shifts towards sustainable energy solutions. Manufacturers are responding by developing dual-fuel dispensers that can handle both traditional fuels and alternative options, leading to fuel dispenser market development. For example, Gilbarco Veeder-Root has introduced dispensers capable of delivering both gasoline and biofuels like ethanol blends (E85). As of 2023, there are approximately 3,500 E85 fuel stations in the U.S., reflecting a growing infrastructure that supports alternative fuel options. Moreover, with the rise of hydrogen fuel cell vehicles, companies like H2 Mobility are installing hydrogen dispensers across Europe. By 2025, H2 Mobility aims to have around 400 hydrogen refuelling stations operational in Germany alone. This expansion supports the increasing number of hydrogen vehicles on the road, which is expected to exceed 1 million units globally by 2030. In addition to hydrogen and biofuels, many traditional fuel retailers are also incorporating electric vehicle (EV) charging stations into their offerings. For instance, Chevron has committed to installing EV chargers at over 100 locations in California by 2025. This move not only addresses the growing demand for EV infrastructure but also positions Chevron as a leader in the transition towards cleaner energy sources.
The emergence of touch-screen devices and mobile apps for personalised engagements for fuelling experience is also leading to advancements in fuel dispensers. For instance, the Wayne Ovation fuel dispenser, equipped with the Anthem UX platform, features a 27-inch touchscreen that modernises the fuelling experience. This system allows retailers to create and update promotions instantly, engage customers with interactive content, and provide contactless payment options, which can boost the demand of fuel dispenser market. The touchscreen capabilities not only improve user interaction but also enable retailers to leverage real-time marketing strategies effectively.
Companies such as Yoshi and FuelBuddy are revolutionising fuel delivery through mobile applications that offer personalised experiences. These apps allow users to track fuel levels, schedule deliveries, and make payments seamlessly from their smartphones. By integrating features like loyalty rewards and location-based offers, these applications enhance customer engagement and convenience.
Moreover, the increasing adoption of innovative advancements such as pump technology is expected to lead to the automation of fuel dispensers, which is anticipated to augment the fuel dispenser market revenue. Modern fuel dispensers are evolving with features like faster fuel flow rates, contactless payment options, and user-friendly interfaces. A survey by Dover Fueling Solutions revealed that consumers prioritise payment security and speed at the pump, with 47% desiring the ability to pre-pay a specific amount and 24% interested in splitting payments across multiple cards.
In addition, the rising deployment of robotics to refuel vehicles automatically while allowing consumers mobile payment options is projected to catalyse market growth. For example, Scott Automation has developed Robofuel, an automated refuelling system that utilises robotic arms to eliminate the manual process of connecting trucks to fuel tanks. This technology enhances operational efficiency by automating the refuelling process, allowing for quicker turnaround times and reduced labour costs.
The increasing adoption of electric vehicles is a major restraint for the fuel dispenser market. As governments worldwide promote EVs to reduce carbon emissions and dependence on fossil fuels, the demand for traditional fuel dispensers is declining. For instance, in Europe, regulations are being implemented to lower carbon emissions from light commercial vehicles, which could further limit the market for petroleum-based fuelling infrastructure and impact fuel dispenser demand forecast.
Stricter government regulations regarding emissions and environmental standards pose challenges for fuel dispenser manufacturers. Compliance with these regulations often necessitates additional investments in technology and infrastructure, which can increase operational costs and slow down market growth. In California, the CARB mandates stringent emissions control measures for fuel dispensing operations. For instance, the installation of vapour recovery systems is required to capture gasoline vapours generated during fuelling, thereby minimising the emission of volatile organic compounds (VOCs).
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“Fuel Dispenser Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Fuel Type
Market Breakup by Dispenser System
Market Breakup by Flow Meter
Market Breakup by Region
Market Insights by Fuel Type
Petroleum fuels, including gasoline, diesel, and jet fuel, dominate the fuel dispenser market share due to their widespread use in transportation, industry, and power generation. This growth is primarily driven by the increasing global energy demand and reliance on petroleum-based products for transportation and industrial applications. Despite the push for renewable energy sources, petroleum fuels remain essential due to their high energy density and established infrastructure. According to a 2023 International Energy Agency (IEA) report, petrol accounted for 44% of total global fuel consumption. In regions like India, the number of petrol-powered vehicles grew by 7% annually, influencing the demand for petrol dispensers.
The demand for compressed natural gas (CNG) dispensers is also rising, particularly in regions with growing environmental regulations and a shift towards cleaner fuels. According to a 2023 Indian Petroleum Ministry report, the number of CNG vehicles in India grew by 12% in 2022, driven by the government’s push to reduce air pollution. The government plans to expand the CNG network by 10% by 2025, boosting CNG fuel dispenser demand.
Biofuels, especially ethanol and biodiesel, are gaining ground as governments push for renewable energy sources. In the U.S., a 2023 Renewable Fuels Standard (RFS) report from the Environmental Protection Agency (EPA) showed that ethanol accounted for approximately 10% of the fuel consumed in the country. Ethanol dispensers are increasingly integrated into fuel stations. Similarly, in Brazil, which is a leader in biofuel production, the National Petroleum Agency (ANP) announced plans to increase the use of biodiesel, further driving demand for biofuel dispensers.
Market Insights by Dispenser System
The submersible system holds a major market share. This dominance is attributed to several advantages, including lower maintenance costs, faster fuelling capabilities, and greater reliability. Submersible pumps are installed directly in underground fuel tanks and utilise an impeller mechanism to transport fuel to dispensers efficiently, which minimises the need for extensive piping and reduces installation costs, contributing to fuel dispenser demand. The submersible system is also expected to witness a significant growth rate due to their advantages in terms of cost-effectiveness and operational efficiency making them the preferred choice for many fuel stations globally.
Market Insights by Flow Meter
The electronic segment holds a major market share due to advancements in technology that enhance the functionality of electronic dispensers, such as digital displays, automated payment systems, and improved measurement accuracy. Mechanical flow meters are considered more traditional and are being phased out in favour of more advanced electronic solutions that offer better performance and user experience. As a result, the trend is shifting toward electronic dispensers.
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Asia Pacific Fuel Dispenser Market Trends
The APAC market growth is driven by increasing vehicle ownership and demand for efficient fuelling solutions. Governments in this region are also promoting cleaner fuels like compressed natural gas (CNG) to combat air pollution, further boosting the need for advanced fuel dispensers capable of handling alternative fuels. The region's focus on improving transportation infrastructure and enhancing customer service through technology integration supports sustained market expansion.
As per the fuel dispenser industry analysis, the Indian government has been proactive in promoting CNG as a cleaner alternative to traditional fuels. The Council for Air Quality Management (CAQM) has released a strategy aimed at significantly reducing air pollution over the next five years.
North America Fuel Dispenser Market Growth
The market in North America is experiencing growth due to several factors, including the increasing number of vehicles and the rising demand for advanced fuel dispensing technologies. The region is projected to maintain a significant market share, driven by the expansion of fuelling infrastructure and innovations in payment systems. Additionally, the push for environmentally friendly solutions and the integration of contactless payment options are enhancing consumer convenience and safety at fuelling stations, which can boost fuel dispenser demand growth. The U.S. Department of Energy's initiatives to promote alternative fuels and improve energy efficiency further support market growth in this region.
Europe Fuel Dispenser Market Dynamics
Europe's market is also witnessing robust growth, primarily due to stringent environmental regulations and a shift towards cleaner fuels. Countries such as Germany and France are leading this trend as they invest heavily in modernising their fuelling infrastructure to comply with EU directives aimed at reducing carbon emissions. For instance, the EU Emissions Trading System (EU ETS) is a cap-and-trade system that aims to reduce greenhouse gas emissions from various sectors, including transportation, which can contribute to fuel dispenser market opportunities. Under this system, fuel suppliers must acquire allowances for the emissions produced from the fuels they sell.
The European Union's push for sustainable energy solutions, including the expansion of electric vehicle (EV) charging stations alongside traditional fuel dispensers, is driving innovation in the sector.
Middle East and Africa Fuel Dispenser Market Outlook
Countries such as Saudi Arabia and the UAE are expanding their fuelling infrastructure to accommodate rising vehicle numbers and improve service delivery at gas stations. For instance, the Abu Dhabi National Oil Company (ADNOC) has launched a pilot project introducing robotic fuelling arms at gas stations that can impact fuel dispenser market dynamics and trends. This technology aims to improve customer experience by reducing wait times and enhancing service efficiency.
The MEA region's market is also benefiting from government initiatives aimed at enhancing energy efficiency and promoting cleaner fuels, such as CNG and hydrogen. As urbanisation continues across Africa, there is a growing need for reliable fuelling solutions that can support economic development.
Latin America Fuel Dispenser Market Drivers
In Latin America, the market is growing due to rising investments in infrastructure development and an increasing focus on modernising fuelling stations. The region's market is expected to benefit from government initiatives aimed at improving energy access and promoting sustainable fuel alternatives. As countries like Brazil and Mexico enhance their fuelling infrastructure, the demand for modern fuel dispensers equipped with advanced technologies is on the rise, further increasing fuel dispenser industry revenue. For instance, Brazil's commitment to expanding its biofuels industry is likely to drive the adoption of specialised dispensers for ethanol and biodiesel blends.
Startups in the market are leveraging innovative technologies to enhance the efficiency and accessibility of fuel delivery systems. For instance, some of these startups in fuel dispenser market offer on-demand fuel delivery services, ensuring customers receive pure fuel at market prices directly at their location. This model addresses convenience and safety concerns associated with traditional fuelling methods.
FuelBuddy
It is an innovative startup founded in 2016 by Gautam Malhotra, Adnan Kidwai, and Divij Talwar, focusing on revolutionising the fuel delivery experience in India. The company provides an app-based platform that allows customers to order diesel directly to their doorstep, eliminating the need to visit traditional petrol pumps. FuelBuddy leverages advanced technology to streamline the fuel delivery process, offering features such as real-time tracking and transparent pricing.
Yoshi
Yoshi is a Silicon Valley-based startup that provides on-demand fuel delivery services, primarily targeting businesses and individual consumers. Founded in 2015, Yoshi aims to alleviate the hassle of refuelling by allowing users to schedule fuel deliveries at their convenience. The service operates through a subscription model, where users pay a monthly fee for access to fuel delivery services.
The report presents a detailed analysis of the following key players in the global fuel dispenser market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions. Key players are focusing on innovations such as contactless payment systems, remote monitoring, and compatibility with alternative fuels to enhance user experience and operational efficiency. They are expanding their product lines to include clean-fuelling dispensers for LNG, hydrogen, and CNG, reflecting a commitment to sustainability and the growing demand for alternative energy sources.
Bennett Pump Company, founded in 1918, is a leading manufacturer of retail and commercial fuel dispensers and components. The company focuses on innovation and technology to improve the fuelling experience, offering a range of products including hydraulic power units and various types of fuel dispensers.
Censtar Science & Technology Corp., established in 1992, is a prominent provider of equipment solutions and ma...
Dover is recognised for its diverse range of industrial products and services, which cater to various markets ...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other major players in the market are Fortive Corporation and Korea EnE Co., Ltd., among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market reached an approximate value of USD 2.73 Billion.
The market is assessed to grow at a CAGR of 5.70% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 4.50 Billion by 2032.
The market is being driven by the expansion of fuel retailers and the rising demand for energy in both developing and developed countries.
The key trends of the market include the integration of latest technologies into fuel dispensers, emergence of touch-screen devices and mobile apps, and the development of smart fuel dispensers.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The dominant fuel types in the market are petroleum fuels, compressed fuels, and biofuels, among others.
The leading dispenser systems of fuel dispenser are submersible system and suction system.
The significant flow meters in the market are mechanical and electronics.
The key players in the global fuel dispenser market are Bennett Pump Company, Censtar Science & Technology Corp., Ltd., Dover Corporation, Fortive Corporation, and Korea EnE Co., Ltd., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Fuel Type |
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| Breakup by Dispenser System |
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| Breakup by Flow Meter |
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| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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