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In 2015, the global market for fuel dispensers stood at US$ bn. Progressing at a CAGR of % between 2016 and 2024, the market’s opportunity is likely to touch US$ bn by the end of 2024. In terms of shipment volume, the worldwide market is estimated
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Electricity is also a concern when using fuel transfer pumps. Even a very small spark is enough to cause a fire, which is evidenced by the 15 to 200 cases of static fires each year when fueling vehicles. While the pump is in operation, be sure not to unplug or plug anything into power sockets.
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This eliminates the problem of drivers waiting in line for a limited number of fuel pumps, minimizes labor and ensures a full fill at up to 3600 psi. A typical LNG station includes LNG storage, a pump/dispenser, and underground piping. The fuel is dispensed as a liquid into vehicle storage tanks similar to conventional liquid fuels.