MEA Compressed Natural Gas Dispenser Market Size

Statistics for the 2023 & 2024 MEA Compressed Natural Gas Dispenser market size, created by Mordor Intelligence™ Industry Reports. MEA Compressed Natural Gas Dispenser size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of MEA Compressed Natural Gas Dispenser Industry

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MEA Compressed Natural Gas Dispenser Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR > 3.00 %
Market Concentration Medium

Major Players

MEA Compressed Natural Gas Dispenser Market Major Players

*Disclaimer: Major Players sorted in no particular order

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MEA Compressed Natural Gas Dispenser Market Analysis

The Middle East and Africa compressed natural gas (CNG) dispenser market is expected to register a CAGR of over 3% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. Presently the market now reached the pre-pandemic levels.

  • Over the medium term, the Middle East and Africa compressed natural gas dispenser market is expected to include augmented growth due to CNG vehicles' economic and environmental benefits and the growing conversion rate of conventional engines to CNG vehicles.
  • On the other hand, the growing occupancy of electric vehicles in the region is expected to impede the market growth for CNG vehicles and associated infrastructure.
  • Nevertheless, the growing demand for CNG fuelling stations, which is currently less than the requirement for CNG vehicle units in the region, places an opportunity on the CNG dispensers market.
  • Iran is expected to witness significant growth due to the growing CNG vehicles market because of the government's initiatives to promote vehicles.

Middle-East and Africa Compressed Natural Gas Dispenser Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)