What Has Been the Growth of the Gas Station Equipment Market So Far?
The gas station equipment market has seen considerable growth due to a variety of factors.
• The gas station equipment market has grown robustly in recent years. It will rise from $6.72 billion in 2024 to $7.17 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.6%.
This growth is driven by the improvements in service area ventilation systems, government regulations, rising fuel demand, infrastructure investments, and rural electrification projects.
How Will the Gas Station Equipment Market?
The gas station equipment market is expected to maintain its strong growth trajectory in upcoming years.
• The gas station equipment market is projected to grow to $9.17 billion by 2029, at a CAGR of 6.4%.
This growth is driven by the expansion of hydrogen fueling stations, the introduction of multi-fuel dispensers, enhanced safety features, growing convenience store offerings, and the introduction of eco-friendly equipment. Trends in this market include a shift toward electric vehicle charging stations, renewable energy integration, automated fueling systems, contactless payments, and smart tank monitoring systems.
Which Factors Are Boosting Growth In The Gas Station Equipment Market?
The expansion of the travel and tourism sector is expected to boost the gas station equipment market. The travel and tourism industry is growing due to better air travel access, higher consumer demand for travel, and supportive government policies. Gas station equipment is critical in supporting this sector by ensuring reliable fuel supply, customer convenience, and safety, which help provide smooth travel experiences. According to the Australian Bureau of Statistics, domestic tourism spending in Australia increased by $34.9 billion, reaching $124.9 billion in 2022-2023. This expansion is contributing to the growth of the gas station equipment market.
What Key Areas Define The Segmentation Of The Global Gas Station Equipment Market?
The gas station equipment market covered in this report is segmented –
1) By Type: Tanks, Fuel Dispensers, Nozzles, Pump, Hose, Parts
2) By Application: Gasoline, Diesel, Biofuel, Other Applications
3) By End User: Contractors, Dealers, Fleet Owners, Oil And Gas Companies, Retail Service Stations
Subsegments
1) By Tanks: Above-ground Tanks, Underground Tanks
2) By Fuel Dispensers: Single-Product Dispensers, Multi-Product Dispensers, Smart Dispensers
3) By Nozzles: Automatic Nozzles, Manual Nozzles
4) By Pump: Submersible Pumps, Suction Pumps
5) By Hose: Fuel Hoses, Vapor Recovery Hoses
6) By Parts: Valves, Filters, Metering Devices, Other Spare Parts
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Which Emerging Market Trends Are Altering The Gas Station Equipment Industry?
In the gas station equipment market, companies are integrating advanced technologies like AIoT to enhance operational efficiency and customer experience. For example, in May 2024, Beijing Sanki Petroleum Technology Co. introduced the Skyline AIoT fuel dispenser series. This system combines AI cloud management, integrated cloud services, and versatile payment capabilities, offering features like a 43-inch touchscreen and advanced fuel management.
Who Are the Key Players In The Gas Station Equipment Market?
Major companies operating in the gas station equipment market are:
• Dover Corporation
• Gilbarco Inc.
• Franklin Fueling Systems LLC
• MADIC Group
• Censtar Science & Technology Corp. Ltd
• Scheidt & Bachmann GmbH
• Beijing Sanki Petroleum Technology Co. Ltd.
• Mepsan A.S.
• Husky Corporation
• Syntech Systems Inc.
• Piusi S.p.A.
• Bennett Pump Company
• Krampitz Tanksystem GmbH
• TECALEMIT Inc.
• Catlow Inc.
• Tatsuno Corporation
• Blue1 Energy Equipment
• Lumen Instruments
• Zhejiang Datian Machine Co. Ltd.
• ELAFLEX HIBY GmbH & Co.
• Peltek India
• Shenzhen Kaisai Electric Motor Co. Ltd.
• Lanfeng Technology Inc.
• Sanki Technology Co. Ltd.
• NEOTEC
What Is The Most Dominant Region In The Gas Station Equipment Market?
Asia-Pacific was the largest region in the gas station equipment market in 2023. The regions covered in the gas station equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
