Pune, India -- (SBWIRE) -- 09/11/2018 -- Rapidly increasing number of refilling stations to cater the fuel demand drives the growth of Fuel dispensers market

Rapidly Increasing number of refilling stations to cater the fuel demand is the primary factor driving the growth of fuel dispenser market worldwide. The growing automotive industry and the increasing demand of automobiles across the world are the key factors driving the growth of fuel dispensers market. In addition, rising disposable income and increasing consumers spending on the automobiles are facilitating the growth of the fuel dispensers market. The demand of various types fuel is rising rapidly that is likely to boost the demand of fuel dispensers market. Moreover, ongoing technological advancements, growing oil and gas industries art the factors projected to create various opportunities in the fuel dispenser market over the forecast years

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Asia Pacific region is the largest and the fastest growing region in the fuel dispenser market.

Asia Pacific region is the largest and the fastest growing region in the fuel dispenser market. Asia Pacific region has the highest number of automobiles. Also, the rapidly increasing population and growing demand of automobiles in the Asia Pacific Region are some of the factors driving the growth of fuel dispenser market in this region.

Gilbarco Veeder-Root Acquired Midco Ltd.

In August 2018, Gilbarco Veeder-Root (GVR) has signed a definitive agreement to acquire the assets of Midco Ltd. Midco Ltd is Headquartered in Mumbai and  designs & manufactures fuel dispensers and related fueling station equipment. According to GVR, Midco has a demonstrated track record of fit-for-purpose engineering products and quality service across India. Midco will integrate with GVR's India operations, led by the current Vivek Bhide, GVR managing director for India.

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The acquisition helps GVR to grow, deregulate and adopt technology to improve efficiency and protect the environment and increase the full breadth of the GVR product portfolio and integrated automated solutions to the market in India.

Report Highlights:

The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global fuel dispensers market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of fuel dispensers market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the fuel dispensers market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the fuel dispensers market to understand the present and future trends in this market and formulate their strategies accordingly.

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