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PEI identified these growth opportunities for the petroleum equipment industry:
- Energy conservation and regulatory compliance
- Loyalty program and EMV equipment, back office software and POS
- Car washes, fixtures, LED lighting, security systems, liquid-handlingequipment, lifts, lube equipment and DEF systems
- LNG, CNG, E15, E85, E25, electric, hydrogen fuel cells and bio-fuels
- Government fuel incentive programs
- Increased demand from commercial, industrial and governmental sectors
- Growth of regional high-volume retailers (HVRs), big-box retailers and progressive C-stores
- Vapor recovery decommissioning
- At-dispenser media and lottery
- Fuel quality testing
- Changing onerous state regulations
- Privatization of state-run oil companies in international markets
- The co-optimization of Fuels and Engines initiative
