Fuel Dispensers Market
America , Europe , and other regions are also expected to witness stable growth in the years to come , states the research report .
Increasing Number of Vehicles to Reflect Positively on Demand for Fuel Dispensers
“ The increasing need for various types of fuels , such as petrol , diesel , and CNG is expected to boost the demand for fuel dispensers across the world ,” says a TMR analyst . The significant upswing in the number of vehicles on road , boosted by the surge in the disposable income of consumers , resulting in the changing standard of their living , has driven the requirement for fuels , reflecting greatly on the sales of fuel dispensers .
In addition to this , new discoveries in oil , gas and other fuels , progress in the shale gas industry , and the technological advancements in fuel dispensers are anticipated to stimulate the demand for these dispensers substantially over the forecast period . However , the increasing uptake of electric vehicles by consumers in order to control the pollution , may restrict the market ’ s growth in the near future , reports the study .
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The study presented here is based on a report by Transparency Market Research ( TMR ) titled “ Fuel Dispensers Market - Global Industry Analysis , Size , Share , Growth , Trends , and Forecast , 2016 2024 .”
The global fuel dispensers market has been segmented as follows :
By Type -Submersible System -Suction System
By Flow Meter -Mechanical -Electronic
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