Research on Natural Gas Dispenser Market in China, 2014-2018

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Nov 11, 2014, 02:38 ET

LONDON, Nov. 11, 2014 /PRNewswire/ -- In 2013, the market scale of natural gas dispenser reached CNY 800 million in China.

At the beginning of 21st Century, LNG dispensers emerged in China's market. The main products in the market were produced by Canada FTI Group and applied in some of the gas stations in Changsha and Beijing. Latter, some of Chinese CNG dispensers manufacturing enterprises have engaged into the research and development of LNG dispensers.

At present, the LNG dispensers of Chengdu Huaqi Houpu Machine Electricity Technology Co., Ltd., Chongqing Endurance Industry Stock Co. Ltd. occupy more than 90% of total domestic market share; some products have been exported to Pakistan, Indonesia and other Southeast Asian countries. At the same time, due to the high price and backward technology, the market share of imported LNG dispensers has been decreasing year by year.

China has basically established complete technology chain and industry chain of natural gas vehicle industry. Most of the CNG stations, engines, and auto-parts have realized domestication.

Most of China's CNG stations choose to use domestic equipment; purification devices, gas storage devices, compressors and gas dispensers have achieve domestication, and the total market share of domestic equipment has all exceeded 90% and the market share of some products even reached 100%.

Currently, less than 20 enterprises are engaged in the production of CNG dispensers, the products are various and the market concentration ratio is relatively high; the CNG dispensers of Beijing Changkong Hangke Gas Equipment Co., Ltd. (formerly known as Beijing Changkong Machinery), Chengdu Huaqi Houpu Machine Electricity Technology Co., Ltd., and Chongqing Endurance Industry Stock Co. Ltd. (formerly known as Chongqing Silian Oil Gas Equipment Manufacturing Co., Ltd.) occupy about 80% of the market share.

China's CNG vehicles are mainly developed around the gas sources. By the end of Dec. 2013, the CNG vehicle ownership was about 3.235 million sets in China, exceeding Pakistan (2.8 million sets), Argentina (2.28 million sets), and Brazil (1.75 million sets), ranking the second in the world only behind Iran.
In 2013, there were 3732 CNG gas stations in China, the ownership ranked first in the world. By the end of 2013, China had 1844 LNG gas stations put into operation, realizing rapid growth.

In recent years, as natural gas vehicles and gas stations develop continuously in China, In recent years, many enterprises (including Chongqing Silian and Beijing Changkong Machinery) have been carrying out reshuffle and expanding production scale along with the development of natural gas vehicle and gas station. It is estimated that the output value of natural gas station will amount to CNY 900 million in 2014 and reach CNY 2 billion in 2018.

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