Gas Station Equipment Market Size

The global gas station equipment market size was valued at USD 7.1 billion in 2023 and is anticipated to register a CAGR of over 4.7% between 2024 and 2032, propelled by the increasing demand for sophisticated fueling systems and energy-efficient technologies.

The global emphasis on reducing carbon emissions has led to a substantial increase in the adoption of alternative fuel options, including compressed natural gas (CNG), hydrogen, and electric vehicle (EV) charging stations. This shift in energy preferences is compelling gas station operators to invest in state-of-the-art dispensing equipment, advanced storage solutions, and integrated software systems to address the evolving needs of consumers.

The gas station equipment market is further bolstered by rapid urbanization and the expansion of transportation networks. The surge in population growth and increased vehicle ownership, particularly in developing regions, necessitates the establishment of new fueling infrastructure to meet rising demand. Moreover, the integration of cutting-edge automated payment systems, remote monitoring capabilities, and enhanced customer experience tools is attracting substantial investments from fuel retailers.

The National Association of Convenience Stores (NACS) reports that the number of convenience stores selling motor fuels in the United States increased by 0.2% in 2020, reaching 121,538 stores, underscoring the ongoing growth in fueling infrastructure.