The global hydrant dispensers market is set to reach a valuation of US$ 172.1 million in 2023 and it is estimated to grow at a CAGR of 5.3% to reach US$ 249.9 million by the end of 2033. The Hydrant Dispensers Market refers to the market for specialized vehicles that are used to transport and dispense aviation fuel to airplanes. These vehicles are designed to be connected directly to an airport's fuel hydrant system, which allows them to refuel airplanes quickly and efficiently.
The market for hydrant dispensers is driven by the increasing demand for air travel and the need for efficient fueling systems at airports. These vehicles are used by airlines, ground handling companies, and airport operators to fuel commercial, military, and general aviation aircraft The market is also driven by technological advancements in hydrant dispenser design, such as the development of more fuel-efficient and environmentally friendly vehicles. Additionally, government regulations and policies aimed at reducing carbon emissions are also driving the demand for more sustainable and efficient fueling systems at airports.
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The market is expected to continue to grow in the coming years due to the increasing demand for air travel and the need for efficient fueling systems at airports. The development of more advanced and sustainable hydrant dispenser technologies is also expected to drive growth in the market.
- 450 GPM to 850 GPM hydrant dispensers are poised to account for 4 out of 10 sales of hydrant dispensers through 2033.
- In terms of propulsion, demand for electrical-powered hydrant dispensers is expected to remain high, accounting for 35% of the total market share.
- The North America hydrant dispensers market is slated to surpass a valuation of US$ 42.6 Mn, with sales growing at a 4% CAGR through 2033.
- The Asia hydrant dispensers market will emerge as a lucrative pocket, expanding at a 6% CAGR throughout the assessment period.
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Key market players are focusing on manufacturing hydrant dispensers for narrow-body aircraft. In addition, targeted acquisitions and strategic partnerships with airlines are contributing to the growth of manufacturers. Less polluting units are what key players are aiming to manufacture in order to grab a greater chunk of the market share.
- For instance, in March 2022, Bangkok Aviation Fuel Services (BAFS) collaborated with the ITTURI group to meet its net zero emission goal. With this collaboration, ITTURI's research and development team along with BAFS' team will work on improving power supplies, and smart solutions for hydrogen-powered vehicles and electric refueling machines.
Key Companies Profiled
- BETA Fueling Systems
- Garsite Progress LLC
- Globe Hi-Fabs LLP
- Holmwood Group
- ITURRI Group
- KAR-KUNZ REFUELING
- LIQUIP VICTORIA
- ROHR Spezialfahrzeuge GmbH