Southeast Asia Compressed Natural Gas Dispenser Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Southeast Asia Compressed Natural Gas Dispenser market is segmented by Geography (Indonesia, Thailand, Vietnam, Malaysia, and the Rest of Southeast Asia). The report offers the market size and forecasts for Southeast Asia's compressed natural gas dispenser market in revenue (USD billion) for all the above segments.

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Southeast Asia Compressed Natural Gas Dispenser Market Size

Southeast Asia Compressed Natural Gas Dispenser Market Summary
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Study Period 2019-2028
Base Year For Estimation 2022
Forecast Data Period 2023 - 2028
Historical Data Period 2018 - 2021
CAGR > 4.00 %
Market Concentration Medium

Major Players

Southeast Asia Compressed Natural Gas Dispenser Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Southeast Asia Compressed Natural Gas Dispenser Market Analysis

Southeast Asia compressed natural gas dispenser market is expected to register a CAGR of over 4% during the forecast period.

  • The market was negatively impacted by COVID-19 in 2020. Presently the market has now reached pre-pandemic levels. Over the medium term, the growing demand for compressed natural gas and increasing investments for the expansion of CNG infrastructure are expected to drive the market's growth.
  • On the other hand, rising alternate fuel sources such as batteries are expected to hamper the growth of Southeast Asia's compressed natural gas dispenser market during the forecast period. Nevertheless, growing emphasis on greener fuels like compressed natural gas, to reduce dependency on petroleum products, to have a low energy cost, and to control the rising air pollution are likely to create lucrative growth opportunities for Southeast Asia's compressed natural gas dispenser market in the forecast period.
  • Malaysia will witness significant demand and likely see the highest CAGR during the forecast period. This growth is attributed to increasing investments and supportive government policies.

Southeast Asia Compressed Natural Gas Dispenser Industry Segmentation

A compressed natural gas (CNG) dispenser is filling equipment established in a gas station to supply automobile gas. It is competent in quickly refilling the empty fuel tank of vehicles. CNG dispenser shows the temperature and pressure going into a tank and then displays how many gasoline gallon equivalents (GGEs) are going into an automobile.

Southeast Asia compressed natural gas dispenser inverters market is segmented by geography. The report covers the market size and forecasts for Southeast Asia's compressed natural gas dispenser market across major countries in the region such as Indonesia, Thailand, Vietnam, Malaysia, and Rest of Southeast Asia. 

For each segment, the market sizing and forecasts have been done based on revenue (USD billion).

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Southeast Asia Compressed Natural Gas Dispenser Market Trends

Increasing Natural Gas Consumption Expected to Drive the Market

  • Countries in the Southeast Asia region are developing and are witnessing increased industrial activities and are emerging as alternative manufacturing hubs for various sectors such as automotive, textile industry, etc., which results in increased economic activity and population.
  • According to BP Statistics, Malaysia had the largest natural gas production capacity of 74.2 billion cubic meters as of 2021, with a growth rate of 8% from the previous year, followed by Thailand, Indonesia, Vietnam, and other South-East Asian countries. Therefore, the region's demand for natural gas is increasing.
  • Compressed natural gas (CNG) vehicles are an alternative to conventional vehicles. The operational cost of the vehicles is comparatively lower than gasoline or diesel vehicles. Moreover, the combustion of natural gas doesn’t emit high carbon particles, making it more eco-friendly.
  • The CNG dispenser market and the CNG vehicle market operate hand in hand, i.e., with the increase in CNG vehicles, there is much possibility for CNG station growth. A CNG station minimum operates two dispenser units; thus, growth in CNG stations is expected to boost the dispenser market.
  • Southeast Asia’s largest consumer of natural gas is Thailand, which consumed nearly 47 billion cubic meters in 2021. Malaysia is the second largest consumer of natural gas, with 41.1 billion cubic meters in the same year.
  • Therefore, with the growing consumption of natural gas and demand for CNG Vehicles, the government’s efforts to curb emissions from vehicles are expected to drive Southeast Asia compressed natural gas dispenser market in the coming years.
Southeast Asia Compressed Natural Gas Dispenser Market: Natural Gas Consumption, in billion cubic metres, Southeast Asia Countries, 2021

Malaysia to Witness Significant Growth

  • Malaysia’s energy industry is a significant growth sector for the economy. The government has focused on amplifying hydrocarbon production through soaring investment in the upstream industry and exploration as a significant driver of economic growth. But implementing this strategy has become ever more challenging because production has declined due to a lack of developed new fields.
  • In 2021, natural gas consumption in Malaysia amounted to 41.1 billion cubic meters. Natural gas consumption slightly increased from 38.3 billion cubic meters in the previous year. Compressed natural gas (CNG) is an environment-friendly alternative to automotive fuel. Cleaner fuel plays a vital role in significantly reducing vehicular greenhouse gas emissions and environmental pollution.
  • In March 2022, Gas Malaysia Bhd partnered with Kulim Greenergy Sdn Bhd to produce compressed bio-methane (Bio-CNG) to be injected into Gas Malaysia's natural gas distribution system network.
  • Therefore, Southeast Asia is expected to witness significant growth in the compressed natural gas dispenser market with various government initiatives during the forecast period.
Southeast Asia Compressed Natural Gas Dispenser Market: Natural Gas Consumption, in billion cubic metres, Malaysia, 2017-2021

Southeast Asia Compressed Natural Gas Dispenser Industry Overview

The Southeast Asia compressed natural gas dispenser market is moderately fragmented in nature. Some of the major players in the market (in no particular order) include Parker Hannifin Corp., FTI International Group Inc., ComTech Energy, Censtar Science & Technology Co., Ltd., and Scheidt & Bachmann Gmbh., among others.

Southeast Asia Compressed Natural Gas Dispenser Market Leaders

  1. Parker Hannifin Corp

  2. FTI International Group Inc.

  3. Censtar Science & Technology Co., Ltd.

  4. Scheidt & Bachmann Gmbh

  5. ComTech Energy

*Disclaimer: Major Players sorted in no particular order

Southeast Asia Compressed Natural Gas Dispenser Market Concentration

Southeast Asia Compressed Natural Gas Dispenser Market News

Recent Developments will be provided in the final report.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

  2. 2. EXECUTIVE SUMMARY

  3. 3. RESEARCH METHODOLOGY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast in USD billion, till 2028

    3. 4.3 Recent Trends and Developments

    4. 4.4 Government Policies and Regulations

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

      2. 4.5.2 Restraints

    6. 4.6 Supply Chain Analysis

    7. 4.7 Porter's Five Forces Analysis

      1. 4.7.1 Bargaining Power of Suppliers

      2. 4.7.2 Bargaining Power of Consumers

      3. 4.7.3 Threat of New Entrants

      4. 4.7.4 Threat of Substitute Products and Services

      5. 4.7.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION - BY GEOGRAPHY

    1. 5.1 Thailand

    2. 5.2 Singapore

    3. 5.3 Indonesia

    4. 5.4 Malaysia

    5. 5.5 Rest of Southeast Asia

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Parker Hannifin Corp

      2. 6.3.2 FTI International Group Inc.

      3. 6.3.3 ComTech Energy

      4. 6.3.4 Censtar Science & Technology Co., Ltd.

      5. 6.3.5 Scheidt & Bachmann Gmbh

      6. 6.3.6 Gilbarco Inc.

      7. 6.3.7 Greka Engineering

      8. 6.3.8 Tatsuno Europe AS

      9. 6.3.9 Sanki Industry Group

      10. 6.3.10 TGT Fuel Technologies India Pvt. Ltd.

    4. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Frequently Asked Questions

The Southeast Asia Compressed Natural Gas Dispenser Market is projected to register a CAGR of greater than 4% during the forecast period (2023-2028).

Parker Hannifin Corp, FTI International Group Inc., Censtar Science & Technology Co., Ltd., Scheidt & Bachmann Gmbh and ComTech Energy are the major companies operating in the Southeast Asia Compressed Natural Gas Dispenser Market.

Southeast Asia Compressed Natural Gas Dispenser Industry Report

Statistics for the 2023 Southeast Asia Compressed Natural Gas Dispenser market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Southeast Asia Compressed Natural Gas Dispenser analysis includes a market forecast outlook to for 2023 to 2028) and historical overview. Get a sample of this industry analysis as a free report PDF download.

Southeast Asia Compressed Natural Gas Dispenser Report Snapshots

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