Fuel Dispenser Market Size, Share, Growth Analysis, By Fuel Type(Petrol/Gasoline, Diesel, CNG, Others), By Dispenser System(Systems, Suction Systems), By Flow Meter(Mechanical, Electronic), By Region - Industry Forecast 2024-2031

Fuel Dispenser Market Driver

• Increased adoption of Dual Fuel or Multi-Fuel Vehicles to Accelerate Demand for Fuel Dispensers

In addition to lowering pollutants, dual fuel vehicles improve the thermal efficiency of internal combustion engines. It provides a fix for inefficient engines and reduces emissions from single-fuel vehicles. Dual-fuel vehicles are made to run interchangeably on either 100 % diesel fuel or natural gas with a diesel pilot. People could switch to electric cars and other alternative technologies once petroleum products are depleted. Therefore, the market's expansion during the projection period would be driven by the rising use of dual fuel or multi-fuel cars.

• Rising Fuel Dispenser Technological Advancements to Drive Market Growth

Fuel dispensers with cutting-edge technology would help to accelerate market expansion. More vehicles can be fueled at once thanks to advanced fuel dispensers. To provide more accurate and dependable metering and refilling, it has a scanner, customer identity keypad, video screen, barcoding, and magnetic card terminal. In order to enhance the client experience, major firms are also developing better and more sophisticated goods, such as fuel dispensers that can be customised. Therefore, during the anticipated period, technologically enhanced dispensers are expected to boost market expansion.

Fuel Dispenser Market Restraint

• Growing Adoption of Electric Vehicle to Slow Market Growth

The environmental effects of conventional fuel vehicles and rising gasoline prices have made people more aware of the benefits of switching to electric automobiles. A rule has been established in Europe to reduce carbon emissions from light commercial vehicles by 15% by 2025. Therefore, strict regulatory requirements would constrain market expansion and increase awareness campaigns for embracing electric vehicles.