CNG Dispenser Market Analysis Of Opportunities Offered By High Growth Economies | Marke... - 0 views
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Almira Coyne on 02 Nov 20The CNG dispenser market is projected to reach USD 225.5 million by 2023. The global CNG dispenser market is expected to grow from an estimated USD 155.2 million in 2018 to USD 255.5 million by 2023, at a CAGR of 7.76% from 2018 to 2023. The market is set to grow due to stringent emission policies across all countries. Many other countries across the world planned to reduce emissions by a certain level by 2020 at the United Nations Framework Convention on Climate Change held in 2015. New emission policies are likely to get introduced by 2019 or 2020, depending on the largest achievement and are expected to create opportunities for CNG vehicles. The fast fill segment is expected to hold the largest share of the CNG dispenser market, by type, during the forecast period. The CNG dispenser market has been segmented, by type, into fast fill and time fill. The fast fill segment is expected to be the largest because CNG at fast fill stations is often stored in vessels at high service pressure, which helps in delivering the fuel faster. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=47008991 Company owned & company run segment is the fastest growing CNG dispenser market, by distribution, during the forecast period. The CNG dispenser market has been segmented, by distribution, into company owned & company run, company owned & dealer run, and dealer owned & dealer run. The company owned & company run segment is estimated to hold the largest share of the market during the forecast period because the operational improvement program reduces the cost and complexity in line. The primary purpose is to focus on the structure and size of the organization.