PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1402016
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1402016
LPG Filling Scale Market Forecasts to 2030 - Global Analysis By Type (Semi-Automatic Filling and Automatic Filling), Capacity (Small, Medium and Large), Technology, Application, End User and By Geography
According to Stratistics MRC, the Global LPG Filling Scale Market is growing at a CAGR of 8.0% during the forecast period. LPG (Liquefied Petroleum Gas) filling scale refers to a specialized weighing system designed for the accurate and controlled dispensing of liquefied petroleum gas into containers, cylinders, or tanks. These scales are equipped with automated shut-off systems, preventing overpressure and ensuring compliance with safety regulations. This helps mitigate the risk of accidents during the filling process.
Market Dynamics:
Driver:
Increasing LPG consumption
LPG is a versatile and clean-burning fuel used in various residential, commercial, and industrial applications, which drives the demand for accurate and efficient LPG filling scales. In residential settings, LPG is commonly used for cooking, heating, and water heating purposes. Moreover, as populations grow and urbanization increases, particularly in developing countries, the demand for LPG as a cooking fuel rises. This leads to a higher requirement for LPG filling scales to ensure precise measurement and safe distribution of LPG to households. As a result, increasing LPG consumption is a significant factor propelling market demand.
Restraint:
Safety concerns
Since LPG is a flammable gas, strict safety precautions must be taken at every stage of the supply chain, from manufacturing to final use. The handling, storage, and transportation of LPG involve inherent risks, necessitating adherence to robust safety standards and regulations. The potential for leaks, accidents, or mishandling poses threats to both personnel and the surrounding environment. Hence, safety concerns are a significant restraint, hindering market demand.
Opportunity:
Technological innovations
Continuous improvements in technology are transforming the capabilities of filling scales, enhancing safety, precision, and overall performance. The precision of LPG measurements during the filling process is enhanced by automation features like electronic controls and sophisticated weighing technologies. Innovations in sensor technologies, such as leak detection systems and safety interlocks, enhance the safety standards of LPG filling scales, aligning with stringent regulatory requirements. Additionally, filling scales is now a simpler and user-friendly process due to advancements in user interfaces and human-machine interfaces (HMIs). These technological innovations act as a driver for accelerating market growth.
Threat:
Alternative energy sources
The demand for alternative energy sources, such as electricity, natural gas, or renewable fuels, may have an impact on the growth and adoption of LPG as a fuel source as the global focus turns to sustainable and renewable energy. Moreover, because of its widespread availability and similar characteristics to LPG, natural gas is a direct competitor. Therefore, the competition from alternative energy sources poses a challenge for the LPG filling scale market as it may impact the demand for LPG and the need for filling scales.
COVID-19 Impact
The initial phases of the pandemic saw disruptions in the supply chain, affecting the production and distribution of LPG filling scales. Lockdowns, restrictions on movement, and a decline in industrial activities temporarily slowed the market's momentum. However, the crisis also underscored the importance of reliable and clean energy sources, driving a renewed focus on LPG as a versatile and efficient fuel. Moreover, the shift toward remote work and growing consciousness of environmental sustainability also helped to support LPG's demand as a cleaner substitute.
The automatic filling segment is expected to be the largest during the forecast period
The automatic filling segment is estimated to hold the largest share. With their automated features, these sophisticated filling scales reduce the amount of manual intervention required during the LPG filling process. The automation's features are made to guarantee precise measurements, stop overfilling, and follow strict safety guidelines. Additionally, automated LPG filling scales incorporate advanced weighing technologies, such as load cells, to precisely measure the amount of gas dispensed.
The weighing technology segment is expected to have the highest CAGR during the forecast period
The weighing technology segment is anticipated to have lucrative growth during the forecast period. Weighing technology is a pivotal component in the LPG (liquefied petroleum gas) filling scale, serving as the foundation for accurate and precise measurement during the dispensing of LPG. Advanced weighing technologies, such as load cells, are integrated into filling scales to ensure the exact determination of the weight of LPG being transferred into containers or vehicles. The precision offered by weighing technology is paramount to optimizing the efficiency of LPG distribution, minimizing waste, and enhancing safety.
Region with largest share:
North America commanded the largest market share during the extrapolated period. The industrial sector in the region uses LPG for a variety of purposes, such as machinery fuel, manufacturing processes, and heating. Advanced filling-scale technologies are being invested in this region due to the growing popularity of LPG and the shift towards cleaner energy sources and environmental sustainability. Furthermore, it is expected that advancements in automation, weighing technologies, and data management systems will drive the LPG filling scale market in North America even more.
Region with highest CAGR:
Asia Pacific is expected to witness profitable growth over the projection period. The demand for LPG as a clean and efficient energy source is growing in the region's countries due to a growing population, increased urbanization, and expanding industrialization. The increasing adoption of LPG for various applications, including cooking, heating, and automotive fuel, propels the demand for LPG filling scales. Furthermore, the LPG market is expanding as a result of governments in the Asia-Pacific area pushing LPG as a sustainable substitute for conventional fuels.
Key players in the market:
Some of the key players in the LPG Filling Scale Market include Wenzhou Huiyang Energy Technology, Xiangkang, HongYang Group, Jiangsu Lude, Rice Lake Weighing Systems, Ecotec Energy Equipment, WOBO Industrial Group, Danko Scale, Cavagna Group and Saturn Scale Systems.
Key Developments:
In May 2022, Cavagna Group has acquired an equity interest in Ecomotive Solutions, a company that specialises in alternative fuel engines, with a range of solutions covering everything from light-duty vehicles, professional logistics, and industrial flex-fuel vehicles to the maritime industry and energy production.
Types Covered:
- Semi-Automatic Filling
- Automatic Filling
Capacities Covered:
- Small
- Medium
- Large
Technologies Covered:
- Volumetric Technology
- Weighing Technology
- Other Technologies
Applications Covered:
- Stationary Tank Filling Scales
- Vehicle Refuelling Scales
- Other Applications
End Users Covered:
- Residential
- Industrial
- Commercial
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global LPG Filling Scale Market, By Type
- 5.1 Introduction
- 5.2 Semi-Automatic Filling
- 5.3 Automatic Filling
6 Global LPG Filling Scale Market, By Capacity
- 6.1 Introduction
- 6.2 Small
- 6.3 Medium
- 6.4 Large
7 Global LPG Filling Scale Market, By Technology
- 7.1 Introduction
- 7.2 Volumetric Technology
- 7.3 Weighing Technology
- 7.4 Other Technologies
8 Global LPG Filling Scale Market, By Application
- 8.1 Introduction
- 8.2 Stationary Tank Filling Scales
- 8.3 Vehicle Refueling Scales
- 8.4 Other Applications
9 Global LPG Filling Scale Market, By End User
- 9.1 Introduction
- 9.2 Residential
- 9.3 Industrial
- 9.4 Commercial
10 Global LPG Filling Scale Market, By Geography
- 10.1 Introduction
- 10.2 North America
- 10.2.1 US
- 10.2.2 Canada
- 10.2.3 Mexico
- 10.3 Europe
- 10.3.1 Germany
- 10.3.2 UK
- 10.3.3 Italy
- 10.3.4 France
- 10.3.5 Spain
- 10.3.6 Rest of Europe
- 10.4 Asia Pacific
- 10.4.1 Japan
- 10.4.2 China
- 10.4.3 India
- 10.4.4 Australia
- 10.4.5 New Zealand
- 10.4.6 South Korea
- 10.4.7 Rest of Asia Pacific
- 10.5 South America
- 10.5.1 Argentina
- 10.5.2 Brazil
- 10.5.3 Chile
- 10.5.4 Rest of South America
- 10.6 Middle East & Africa
- 10.6.1 Saudi Arabia
- 10.6.2 UAE
- 10.6.3 Qatar
- 10.6.4 South Africa
- 10.6.5 Rest of Middle East & Africa
11 Key Developments
- 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 11.2 Acquisitions & Mergers
- 11.3 New Product Launch
- 11.4 Expansions
- 11.5 Other Key Strategies
12 Company Profiling
- 12.1 Wenzhou Huiyang Energy Technology
- 12.2 Xiangkang
- 12.3 HongYang Group
- 12.4 Jiangsu Lude
- 12.5 Rice Lake Weighing Systems
- 12.6 Ecotec Energy Equipment
- 12.7 WOBO Industrial Group
- 12.8 Danko Scale
- 12.9 Cavagna Group
- 12.10 Saturn Scale Systems
List of Tables
- Table 1 Global LPG Filling Scale Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global LPG Filling Scale Market Outlook, By Type (2021-2030) ($MN)
- Table 3 Global LPG Filling Scale Market Outlook, By Semi-Automatic Filling (2021-2030) ($MN)
- Table 4 Global LPG Filling Scale Market Outlook, By Automatic Filling (2021-2030) ($MN)
- Table 5 Global LPG Filling Scale Market Outlook, By Capacity (2021-2030) ($MN)
- Table 6 Global LPG Filling Scale Market Outlook, By Small (2021-2030) ($MN)
- Table 7 Global LPG Filling Scale Market Outlook, By Medium (2021-2030) ($MN)
- Table 8 Global LPG Filling Scale Market Outlook, By Large (2021-2030) ($MN)
- Table 9 Global LPG Filling Scale Market Outlook, By Technology (2021-2030) ($MN)
- Table 10 Global LPG Filling Scale Market Outlook, By Volumetric Technology (2021-2030) ($MN)
- Table 11 Global LPG Filling Scale Market Outlook, By Weighing Technology (2021-2030) ($MN)
- Table 12 Global LPG Filling Scale Market Outlook, By Other Technologies (2021-2030) ($MN)
- Table 13 Global LPG Filling Scale Market Outlook, By Application (2021-2030) ($MN)
- Table 14 Global LPG Filling Scale Market Outlook, By Stationary Tank Filling Scales (2021-2030) ($MN)
- Table 15 Global LPG Filling Scale Market Outlook, By Vehicle Refueling Scales (2021-2030) ($MN)
- Table 16 Global LPG Filling Scale Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 17 Global LPG Filling Scale Market Outlook, By End User (2021-2030) ($MN)
- Table 18 Global LPG Filling Scale Market Outlook, By Residential (2021-2030) ($MN)
- Table 19 Global LPG Filling Scale Market Outlook, By Industrial (2021-2030) ($MN)
- Table 20 Global LPG Filling Scale Market Outlook, By Commercial (2021-2030) ($MN)
- Table 21 North America LPG Filling Scale Market Outlook, By Country (2021-2030) ($MN)
- Table 22 North America LPG Filling Scale Market Outlook, By Type (2021-2030) ($MN)
- Table 23 North America LPG Filling Scale Market Outlook, By Semi-Automatic Filling (2021-2030) ($MN)
- Table 24 North America LPG Filling Scale Market Outlook, By Automatic Filling (2021-2030) ($MN)
- Table 25 North America LPG Filling Scale Market Outlook, By Capacity (2021-2030) ($MN)
- Table 26 North America LPG Filling Scale Market Outlook, By Small (2021-2030) ($MN)
- Table 27 North America LPG Filling Scale Market Outlook, By Medium (2021-2030) ($MN)
- Table 28 North America LPG Filling Scale Market Outlook, By Large (2021-2030) ($MN)
- Table 29 North America LPG Filling Scale Market Outlook, By Technology (2021-2030) ($MN)
- Table 30 North America LPG Filling Scale Market Outlook, By Volumetric Technology (2021-2030) ($MN)
- Table 31 North America LPG Filling Scale Market Outlook, By Weighing Technology (2021-2030) ($MN)
- Table 32 North America LPG Filling Scale Market Outlook, By Other Technologies (2021-2030) ($MN)
- Table 33 North America LPG Filling Scale Market Outlook, By Application (2021-2030) ($MN)
- Table 34 North America LPG Filling Scale Market Outlook, By Stationary Tank Filling Scales (2021-2030) ($MN)
- Table 35 North America LPG Filling Scale Market Outlook, By Vehicle Refueling Scales (2021-2030) ($MN)
- Table 36 North America LPG Filling Scale Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 37 North America LPG Filling Scale Market Outlook, By End User (2021-2030) ($MN)
- Table 38 North America LPG Filling Scale Market Outlook, By Residential (2021-2030) ($MN)
- Table 39 North America LPG Filling Scale Market Outlook, By Industrial (2021-2030) ($MN)
- Table 40 North America LPG Filling Scale Market Outlook, By Commercial (2021-2030) ($MN)
- Table 41 Europe LPG Filling Scale Market Outlook, By Country (2021-2030) ($MN)
- Table 42 Europe LPG Filling Scale Market Outlook, By Type (2021-2030) ($MN)
- Table 43 Europe LPG Filling Scale Market Outlook, By Semi-Automatic Filling (2021-2030) ($MN)
- Table 44 Europe LPG Filling Scale Market Outlook, By Automatic Filling (2021-2030) ($MN)
- Table 45 Europe LPG Filling Scale Market Outlook, By Capacity (2021-2030) ($MN)
- Table 46 Europe LPG Filling Scale Market Outlook, By Small (2021-2030) ($MN)
- Table 47 Europe LPG Filling Scale Market Outlook, By Medium (2021-2030) ($MN)
- Table 48 Europe LPG Filling Scale Market Outlook, By Large (2021-2030) ($MN)
- Table 49 Europe LPG Filling Scale Market Outlook, By Technology (2021-2030) ($MN)
- Table 50 Europe LPG Filling Scale Market Outlook, By Volumetric Technology (2021-2030) ($MN)
- Table 51 Europe LPG Filling Scale Market Outlook, By Weighing Technology (2021-2030) ($MN)
- Table 52 Europe LPG Filling Scale Market Outlook, By Other Technologies (2021-2030) ($MN)
- Table 53 Europe LPG Filling Scale Market Outlook, By Application (2021-2030) ($MN)
- Table 54 Europe LPG Filling Scale Market Outlook, By Stationary Tank Filling Scales (2021-2030) ($MN)
- Table 55 Europe LPG Filling Scale Market Outlook, By Vehicle Refueling Scales (2021-2030) ($MN)
- Table 56 Europe LPG Filling Scale Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 57 Europe LPG Filling Scale Market Outlook, By End User (2021-2030) ($MN)
- Table 58 Europe LPG Filling Scale Market Outlook, By Residential (2021-2030) ($MN)
- Table 59 Europe LPG Filling Scale Market Outlook, By Industrial (2021-2030) ($MN)
- Table 60 Europe LPG Filling Scale Market Outlook, By Commercial (2021-2030) ($MN)
- Table 61 Asia Pacific LPG Filling Scale Market Outlook, By Country (2021-2030) ($MN)
- Table 62 Asia Pacific LPG Filling Scale Market Outlook, By Type (2021-2030) ($MN)
- Table 63 Asia Pacific LPG Filling Scale Market Outlook, By Semi-Automatic Filling (2021-2030) ($MN)
- Table 64 Asia Pacific LPG Filling Scale Market Outlook, By Automatic Filling (2021-2030) ($MN)
- Table 65 Asia Pacific LPG Filling Scale Market Outlook, By Capacity (2021-2030) ($MN)
- Table 66 Asia Pacific LPG Filling Scale Market Outlook, By Small (2021-2030) ($MN)
- Table 67 Asia Pacific LPG Filling Scale Market Outlook, By Medium (2021-2030) ($MN)
- Table 68 Asia Pacific LPG Filling Scale Market Outlook, By Large (2021-2030) ($MN)
- Table 69 Asia Pacific LPG Filling Scale Market Outlook, By Technology (2021-2030) ($MN)
- Table 70 Asia Pacific LPG Filling Scale Market Outlook, By Volumetric Technology (2021-2030) ($MN)
- Table 71 Asia Pacific LPG Filling Scale Market Outlook, By Weighing Technology (2021-2030) ($MN)
- Table 72 Asia Pacific LPG Filling Scale Market Outlook, By Other Technologies (2021-2030) ($MN)
- Table 73 Asia Pacific LPG Filling Scale Market Outlook, By Application (2021-2030) ($MN)
- Table 74 Asia Pacific LPG Filling Scale Market Outlook, By Stationary Tank Filling Scales (2021-2030) ($MN)
- Table 75 Asia Pacific LPG Filling Scale Market Outlook, By Vehicle Refueling Scales (2021-2030) ($MN)
- Table 76 Asia Pacific LPG Filling Scale Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 77 Asia Pacific LPG Filling Scale Market Outlook, By End User (2021-2030) ($MN)
- Table 78 Asia Pacific LPG Filling Scale Market Outlook, By Residential (2021-2030) ($MN)
- Table 79 Asia Pacific LPG Filling Scale Market Outlook, By Industrial (2021-2030) ($MN)
- Table 80 Asia Pacific LPG Filling Scale Market Outlook, By Commercial (2021-2030) ($MN)
- Table 81 South America LPG Filling Scale Market Outlook, By Country (2021-2030) ($MN)
- Table 82 South America LPG Filling Scale Market Outlook, By Type (2021-2030) ($MN)
- Table 83 South America LPG Filling Scale Market Outlook, By Semi-Automatic Filling (2021-2030) ($MN)
- Table 84 South America LPG Filling Scale Market Outlook, By Automatic Filling (2021-2030) ($MN)
- Table 85 South America LPG Filling Scale Market Outlook, By Capacity (2021-2030) ($MN)
- Table 86 South America LPG Filling Scale Market Outlook, By Small (2021-2030) ($MN)
- Table 87 South America LPG Filling Scale Market Outlook, By Medium (2021-2030) ($MN)
- Table 88 South America LPG Filling Scale Market Outlook, By Large (2021-2030) ($MN)
- Table 89 South America LPG Filling Scale Market Outlook, By Technology (2021-2030) ($MN)
- Table 90 South America LPG Filling Scale Market Outlook, By Volumetric Technology (2021-2030) ($MN)
- Table 91 South America LPG Filling Scale Market Outlook, By Weighing Technology (2021-2030) ($MN)
- Table 92 South America LPG Filling Scale Market Outlook, By Other Technologies (2021-2030) ($MN)
- Table 93 South America LPG Filling Scale Market Outlook, By Application (2021-2030) ($MN)
- Table 94 South America LPG Filling Scale Market Outlook, By Stationary Tank Filling Scales (2021-2030) ($MN)
- Table 95 South America LPG Filling Scale Market Outlook, By Vehicle Refueling Scales (2021-2030) ($MN)
- Table 96 South America LPG Filling Scale Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 97 South America LPG Filling Scale Market Outlook, By End User (2021-2030) ($MN)
- Table 98 South America LPG Filling Scale Market Outlook, By Residential (2021-2030) ($MN)
- Table 99 South America LPG Filling Scale Market Outlook, By Industrial (2021-2030) ($MN)
- Table 100 South America LPG Filling Scale Market Outlook, By Commercial (2021-2030) ($MN)
- Table 101 Middle East & Africa LPG Filling Scale Market Outlook, By Country (2021-2030) ($MN)
- Table 102 Middle East & Africa LPG Filling Scale Market Outlook, By Type (2021-2030) ($MN)
- Table 103 Middle East & Africa LPG Filling Scale Market Outlook, By Semi-Automatic Filling (2021-2030) ($MN)
- Table 104 Middle East & Africa LPG Filling Scale Market Outlook, By Automatic Filling (2021-2030) ($MN)
- Table 105 Middle East & Africa LPG Filling Scale Market Outlook, By Capacity (2021-2030) ($MN)
- Table 106 Middle East & Africa LPG Filling Scale Market Outlook, By Small (2021-2030) ($MN)
- Table 107 Middle East & Africa LPG Filling Scale Market Outlook, By Medium (2021-2030) ($MN)
- Table 108 Middle East & Africa LPG Filling Scale Market Outlook, By Large (2021-2030) ($MN)
- Table 109 Middle East & Africa LPG Filling Scale Market Outlook, By Technology (2021-2030) ($MN)
- Table 110 Middle East & Africa LPG Filling Scale Market Outlook, By Volumetric Technology (2021-2030) ($MN)
- Table 111 Middle East & Africa LPG Filling Scale Market Outlook, By Weighing Technology (2021-2030) ($MN)
- Table 112 Middle East & Africa LPG Filling Scale Market Outlook, By Other Technologies (2021-2030) ($MN)
- Table 113 Middle East & Africa LPG Filling Scale Market Outlook, By Application (2021-2030) ($MN)
- Table 114 Middle East & Africa LPG Filling Scale Market Outlook, By Stationary Tank Filling Scales (2021-2030) ($MN)
- Table 115 Middle East & Africa LPG Filling Scale Market Outlook, By Vehicle Refueling Scales (2021-2030) ($MN)
- Table 116 Middle East & Africa LPG Filling Scale Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 117 Middle East & Africa LPG Filling Scale Market Outlook, By End User (2021-2030) ($MN)
- Table 118 Middle East & Africa LPG Filling Scale Market Outlook, By Residential (2021-2030) ($MN)
- Table 119 Middle East & Africa LPG Filling Scale Market Outlook, By Industrial (2021-2030) ($MN)
- Table 120 Middle East & Africa LPG Filling Scale Market Outlook, By Commercial (2021-2030) ($MN)
