The global fuel dispenser market is expected to register a 5.52% CAGR during the forecast period of 2018 to 2023. In 2017, the market was led by North America with a 52.41% share, followed by Europe and Asia-Pacific with shares of 21.08% and 15.12%, respectively. The growth of the global fuel dispenser market can be attributed to the rapid adoption of natural gas vehicles and increasing consumption of petroleum products in emerging economies.
The global fuel dispenser market has been segmented based on product, type, and region. On the basis of product, the general fuel dispenser segment accounted for the largest share of 50.05% of the global fuel dispenser market in 2017. On the basis of type, the submersible segment accounted for the largest share of 56.89% of the global fuel dispenser market in 2017.