Fuel Dispenser Market Size , Share , Trends , Analysis and Forecasts To 2021
Market Research analysts forecast the global fuel dispenser market to grow at a CAGR of 5.36 % during the period 2017-2021 .
The the following companies as the key players in the global fuel dispenser market : Gilbarco , Censtar Science & Technology , and Dover
Other Prominent Vendors in the market are : Beijing Sanki Petroleum , Bennett Pump , Chengdu Huaqi Houpu Holding , DEM G . SPYRIDES , Scheidt & Bachmann , Tatsuno , and Zhejiang Datian machine
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Commenting on the report , an analyst from team said : “ Manufacturers are introducing many advanced fuel dispensers in the market , which are replacing old fuel dispensers . New fuel dispensers have interactive video screen , scanner , customer identification keypad , bar coding , and magnetic card terminal . By using magnetic card terminals that are installed , the staff of the fuel station need not carry credit / debit card machines . Some fuel dispensers have the facility to identify and record the details of customers . Since each customer is given unique identification number ( UIN ), they can keep track of their transactions . Some fuel dispensers also have interactive video screens . Customers can entertain themselves while filling fuel with the help of the interactive video screen installed on the fuel dispensers . Manufacturers are also introducing customized fuel dispensers according to the requirements of the retailers . Thus , many fuel station owners are replacing old fuel dispensers due to the advantages of new advanced fuel dispensers that are available in the market .
According to the report , the increasing disposable income in various regions has led to an increase in the manufacturing of cars , trucks , and other vehicles globally . In Asia , the purchase of new vehicles increased by 21 % in 2015 compared with 2014 . In China , the purchase volumes of new vehicles increased by 32 %. In Western Europe , the volume increased by 13.96 million units in 2015 from 13.2 million units . In 2015 , 17.39 million cars were sold in the US , an increase of 5.77 % compared with 2014 . The increase in the number of vehicles has increased the consumption of fuel . This has led to an increase in the number of fuel stations globally .
Further , the report states that the demand for EVs is increasing globally . Every month , thousands of electric cars are sold . Nearly 6,500 electric cars are sold in the US every month . Tesla , one of the major electric car manufacturers , has already taken orders for more than 370,000 of Model 3 . The increasing demand for petrol and decreasing resources for oil has led many governments to encourage the sales of electric cars by providing incentives and discounts . It is also possible that many governments may forbid the sales of cars that operate on fuels by the end of 2025 .