Global Gas Station Equipment Market to Reach $6.8 Billion by 2027
Amid the COVID-19 crisis, the global market for Gas Station Equipment estimated at US$5.3 Billion in the year 2020, is projected to reach a revised size of US$6.8 Billion by 2027, growing at a CAGR of 3.5% over the period 2020-2027.
The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 6.4% CAGR
The Gas Station Equipment market in the U.S. is estimated at US$1.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2027 trailing a CAGR of 6.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 2.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR.We bring years of research experience to this 6th edition of our report. The 137-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Beijing Sanki Petroleum Technology Co., Ltd.
- Bennett Pump Company
- Chengdu Huaqi Houpu Holding Co., Ltd.
- Dem. G. Spyrides S.A.
- Dover Corporation
- Gilbarco Veeder-Root
- Scheidt & Bachmann GmbH
- Wayne Fueling Systems LLC
- Zhejiang Datian machine Co., Ltd.