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China Fuel Dispenser Market to Grow over USD 750 Million by 2020 on the back of Rising Number of Vehicles: Ken Research

Posted on 07 September 2016 by KenResearch Energy and Utilities ,

China fuel dispenser market has been driven by the rise in the number of vehicles, especially private cars, incline in population and personal disposable income of the people of China and the growth in fuel filling stations to complement the demands from rising vehicles. Additionally, the boom in natural gas vehicles has been influential in the growth of fuel dispenser industry in China.

Development of innovative dispenser technologies has provided impetus to the adoption of automated dispensers. The shifting of market dynamics from traditional fuel dispensers to self operated fuel dispensers has fuelled the adoption of newer dispensing systems in the country.  Since customer retention is the most vital for survival for a filling station, efforts to improve consumer experience had enabled fuel dispensers which allow convenience in payment methods. IC card fuel automation management system has been one of the effective solutions for this. The number of new vehicles registered under the state department has risen remarkably in the last five years. This has directly impacted the growth of fuel stations across the country and subsequently the incline of fuel dispenser industry.

Submersible fuel dispensers don’t have motor system included in their frame and all the dispensers in the filling stations are connected to two submersible pumps on the fuel tank: one for a normal quality while the other for a premium quality fuel. Hence, a fault in the submersible pump will lead to non-functioning of all the dispensers of a particular grade of fuel in the filling station. However, the cost of installation is lesser owing to requirements of lesser number of fuel pumps and less pipe work. Moreover, they have greater efficiency in terms of flow rate and reach over longer distances as compared to suction systems. This has led to an increased demand of submersible pumps in China as compared to the suction pumps.

Owing to higher diesel and petrol consumption in the country than any other fuel, dispensers meant to dispense petrol and diesel contributed for the maximum revenues as of 2015. However, since diesel consumption is not only in the vehicles but also in the industry, the overall number of vehicles demanding diesel are lower as compared to the gasoline vehicles and hence a lower revenue contribution by the diesel dispensers as compared to the gasoline ones.

“New product features in the form of easier payment methods via IC card and other payment gateways have been influential in enabling greater customer satisfaction in developed countries of the US and Europe. Implementation of such systems domestically can aid in reducing the long queues in filling stations and improve the overall customer experience of filling fuels at stations.”, according to the Research Analyst, Ken Research.

The report titled “China Fuel Dispenser Market Forecast to 2020” provides detailed overview on the Fuel Dispenser Market in China and helps readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report is useful for manufacturers, purchasers, oil companies and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.

For more information on the report, refer to below link:

https://www.kenresearch.com/energy-and-utilities/oil/china-fuel-dispenser-market-report/47765-103.html

Companies Covered in the Report

-          Censtar

-          Beijing Sanki

-          Zhejiang Genuine Machine

-          Wenzhou Bluesky Energy

-          Hongyang Group

-          Chongqing Endurance Energy

-          Chengdu Huaqi

 

 

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Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

 

 

...

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Incline in Number of Vehicles and Technological Advancement in the Space to Drive China Fuel Dispenser Market: Ken Research

Posted on 05 December 2016 by KenResearch Energy and Utilities ,

  • Development of innovative dispenser technologies has provided impetus to the adoption of automated dispensers. The shifting of market dynamics from traditional fuel dispensers to self operated fuel dispensers has fuelled the adoption of newer dispensing systems in the country. 
  • Censtar would continue to be the largest company with the highest share in the market revenues especially in the domestic market. The company is expected to increase its production capacity by 15-20% over the next 2 -3 years.

Ken Research announced its latest publication on “China Fuel Dispenser Market Forecast to 2020 - Incline in Number of Vehicles and Technological Advancement to Drive the Market” which provides a comprehensive analysis of the Fuel dispenser market in China. The report covers market size and segmentation of overall fuel dispenser market by technology, applications, regions and design. The report covers detailed profiles of leading players in the space along with the share of major players in domestic market, export market and overall market. The potential and future outlook for fuel dispenser industry has also been discussed in the publication. The report provides detailed analysis of segments, SWOT Analysis, Trends & Developments and major restraints and challenges within the industry. The report also serves as a benchmark for existing players and every new player who wish to capitalize the market potential and investors who are looking forward to venture into the fuel dispenser market in China.

Development of innovative dispenser technologies has provided impetus to the adoption of automated dispensers. The shifting of market dynamics from traditional fuel dispensers to self operated fuel dispensers has fuelled the adoption of newer dispensing systems in the country. Since customer retention is the most vital for survival for a filling station, efforts to improve consumer experience had enabled fuel dispensers which allow convenience in payment methods.

The fuel dispenser market in China was quite concentrated, as three biggest players occupied around 65% of the domestic market, which included revenues from sale of fuel dispensers in China only. Censtar Science and Technology was the market leader in fuel dispenser industry in China. The company supplied fuel dispensers and its related spare parts to all the leading oil companies of the country including Sinopec, PetroChina, China National Offshore Oil Company (CNOOC) and others.

In terms of export, Wenzhou Bluesky emerged as the market leader. The company exported or sold its products majorly to South Asian and African countries and exported almost 90.0% of its annual production in 2015.

Censtar was by far the market leader in overall fuel dispenser industry which was largely due to its dominance in the domestic market as it supplied fuel dispensers to almost all the leading oil companies operating in the country and had a vast service and distributor network.

 

 

According to the research report, the fuel dispenser market in China is anticipated to grow at a healthy CAGR between 2016 and 2020 to over USD 750 million in 2020. The market share of natural gas dispensers is expected to increase.

“New product features in the form of easier payment methods via IC card and other payment gateways have been influential in enabling greater customer satisfaction in developed countries of the US and Europe. Implementation of such systems domestically can aid in reducing the long queues in filling stations and improve the overall customer experience of filling fuels at stations.”, according to the Research Analyst, Ken Research.

For more information on the report, refer to below link:

https://www.kenresearch.com/energy-and-utilities/oil/china-fuel-dispenser-market-report/47765-103.html

Key Topics Covered in the Report:

  • China Fuel Dispenser Market Introduction and Size
  • China Fuel Dispenser Market Segmentation
    • By Technology (Submersible And Suction), 2015
    • By Application (Petrol, Diesel, Multi-Product, CNG, LNG), 2015
    • By Regions (Shandong, Hebei, Henan, Guangdong, Jiangsu and Others), 2015
    • By Design (Electronic and Mechanical), 2015
    • Cost Break Up of a Fuel Dispenser System by Components (Electrical, Hydraulics, Hose Kits, Valves and Others)
  • Cost Break Up of a Fuel Dispenser System by Components (Electrical, Hydraulics, Hose Kits, Valves and Others)
  • Trends and Developments in China Fuel Dispenser Market
  • Competitive Landscape of Major Players in China Fuel Dispenser Market
  • Market Share of Major Players in China Fuel Dispenser Market
    • Domestic Market
    • Export Market
    • Overall Market
  • Government Policies/Initiatives in Fuel Dispenser Market in China
  • SWOT Analysis for China Fuel Dispenser Market
  • Porter Five Forces Analysis of China Fuel Dispenser Market
  • Trade Scenario in China Fuel Dispenser Market
  • Macroeconomic Factors Affecting China Fuel Dispenser Market
  • China Fuel Dispenser Market Future Outlook and Projections, 2016-2020
  • China Fuel Dispenser Market Cause and Effect Relationship
  • China Fuel Dispenser Market Analyst Recommendation

Key Products Covered in the Report

-          Multi Product Dispensers, Gasoline Dispensers, Diesel Dispensers, Natural gas dispensers, Electrical fuel dispensers, mechanical fuel dispensers, submersible pump, suction pumps

 

Companies Covered in the Report

-          Censtar

-          Beijing Sanki

-          Zhejiang Genuine Machine

-          Wenzhou Bluesky Energy

-          Hongyang Group

-          Chongqing Endurance Energy

-          Chengdu Huaqi

 

 

Related Reports:


India Retail Automation Market Outlook to 2019 - Driven by increase in FDI, Elevated Local Production and Demand from Small-Scale Retailers

Retail Sales by Vending Machines in Asia-Pacific: Market Size, Growth and Forecast to 2020

Retail Sales through Vending Machines in China

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

 

...

Read more…