Fuel Dispenser Market 2016 Share, Trend, Segmentation and Forecast Fuel Dispensers Market - Global Industry Analysis, | Page 2

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Demand for Electronic Flow Meter to Increase Remarkably
The two main types of flow meters available in the global fuel dispenser market are
mechanical flow meter and electronic flow meter. The demand for electronic flow
meter has been higher than the mechanical one, thanks to its accuracy, stability,
and reliability. Analysts expect this demand to increase exponentially at a CAGR of
2.50% between 2016 and 2024, ensuring the dominance of electronic flow meters
on this market in the near future.
Even in terms of volume, electronic flow meters have a greater share in this market,
which is likely to remain high over the forthcoming years, expanding at a CAGR of
2.0% from 2016 to 2024.
Some of the leading fuel dispenser vendors across the world are Zhejiang Lanfeng
Machine Co. Ltd., Wayne Fueling Systems LLC, Tominaga Mfg. Co., Tokheim Group
S.A.S, Tatsuno Corp., Scheidt & Bachmann GmbH, Piusi S.p.A., Neotec, Korea EnE
Co. Ltd., Gilbarco Inc., Bennett Pump Co., and Beijing Sanki Petroleum Technology
Co. Ltd.
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