Global Robotic Refueling System Market, By Component (Hardware, Software), Fuel Pumped (Gasoline, Natural Gas, Petrochemicals, Others), Payload Carrying Capacity (Up To 50 Kg, 50-100 Kg, 100-150 Kg), End User (Mining, Automotive, Oil and Gas, Aerospace, Military and Defense, Warehouse and Logistics, Marine and Shipping, Construction, Others) – Industry Trends and Forecast to 2029.
Robotic Refueling System Market Analysis and Size
The global robotic refueling system market is expected to witness significant growth during the forecast period. This robotic refueling system is applied in several areas such as army and defense, mining, automotive, aviation, and warehouse and logistics involve robotic refuelling systems with a broad spectrum of payload capability based on the type of fuel being pumped. The rising need for enhanced security and safety and increasing demand for minimum-cost operations in mining are providing further drive to the market growth during the forecast period OF 2022-2029.
Data Bridge Market Research analyses that the robotic refueling system market was valued at USD 25.00 billion million in 2021 and is expected to reach the value of USD 559.81 billion by 2029, at a CAGR of 47.49 % during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Robotic Refueling System Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Component (Hardware, Software), Fuel Pumped (Gasoline, Natural Gas, Petrochemicals, Others), Payload Carrying Capacity (Up To 50 Kg, 50-100 Kg, 100-150 Kg), End User (Mining, Automotive, Oil and Gas, Aerospace, Military and Defense, Warehouse and Logistics, Marine and Shipping, Construction, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Scott (New Zealand)), Fuelmatics AB (Sweden), Rotec Engineering B.V (Netherlands), Neste (Finland), Shaw development LLC (U.S.), PLUG POWER Inc. (U.S.), Aerobotix (U.S.), Airbus (France), Boeing (U.S.), ABB (Switzerland), KUKA AG (Germany), Simon Group Holding [SGH] (US), FANUC Corporation (JAPAN), AUTOFUEL APS (Sweden), TATSUNO Corporation (Japan), Mine Energy Group (Australia), Husky Corporation (U.S.), Green Fueling Inc. (U.S.)
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Market Opportunities
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Market Definition
Robotic refueling is an automated system that uses detection and vision sensing systems to guide the nozzle to the vehicle's fuel tank. This system can remove repetitive strain injuries and exposure of the operation personnel to flammable liquid. This system helps in decreasing the interactions between vehicles and personnel, falling objects, tire burst exposure and collision with other vehicles can be prevented. This system significantly improves the cost, productivity, flexibility of the on-the-job project and safety difficulties when in place.
Global Robotic Refueling System Market Dynamics
Drivers
- Rising adoption of autonomous haulage trucks
The increasing adoption of autonomous haulage trucks in the process of mining where the gasoline is used as a main fuel is anticipated to drive the growth rate of the market for robotic refueling systems during the forecast period.
- Increased safety concerns
The robotic refueling process is fully automated, so due to the safety concerns the end user use this robotic refueling process to eliminate the effect of leakage, incidents and accidents which are expected to acts as a driving factor to the growth of global robotic refueling system market.
Furthermore, the various benefits offered by robotic refueling systems such as low cost of operation and flexibility are some major factors for the market's growth. The enhanced security which has offered by robotic refueling systems while fuel dispensation, industrialization and rapid globalization, high usage of technologies such as IOT, machine learning, and advanced robotics and mounting need for low-cost operations in the mining vertical are also some major factor which is expected to accelerate the growth of the robotic refueling system market during the forecast period of 2022 to 2029.
Opportunity
- Rise in the production of oil and gas
The increase in shale gas production has contributed to the growth of the fuel supply. The strong presence of oil and gas reserves is expected to offer lucrative opportunities to providers and manufacturers of the global robotic refueling system market.
- Surging new product launches
The advanced product launches across the robotic refueling systems is a laser scanner which is used to determine the position of vehicle as opposed to the expensive video imaging equipment designs. Also, fuel dispensing can be improved by a nozzle and less complicated redesign mating process of the fuel nozzle and the fuel port, which decreases many autonomous tasks required to be performed by the robotic arm. There is no need of on-site operators to refuel vehicles and to man fuel stations. This major factor will create immense opportunities for the robotic fueling systems market growth during the forecast period.
Furthermore, increased productivity and high adoption of automation are some major factors which will create many growth opportunities for the robotic refueling system market in the above mentioned forecast period.
Restraints
- Strict rule and regulations associated with robotic refueling system
The strict legal rules and safety regulations for the use of a robotic refueling system and governing policies to ensure the data safety are some major factor which is acting as market restraints in the above mentioned forecasted period.
Furthermore, the replacement of manual with automated fuel caps is acting as a foremost and biggest challenge towards the growth of the robotic refueling system market during the forecast period.of 2022-2029.
This robotic refueling system market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the robotic refueling system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Robotic Refueling System Market
The outbreak of COVID-19 has a substantial impact on the robotic refueling system market for the industrial automation. The widespread of COVID-19 all over the globe has prompted several strategies which has imposed by the governments. These strategies have led to several businesses being shut down temporarily and widespread restrictions on travel and mobility. This pandemic initially direct impact of the shutdowns which has significantly affected the demand for the robotic refueling system globally.
Global Robotic Refueling System Market Scope
The robotic refueling system market is segmented on the basis of component, fuel pumped, payload carrying capacity and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Hardware
- Software
Fuel Pumped
- Gasoline
- Natural Gas
- Petrochemicals
- Others
Payload Carrying Capacity
- Up To 50 Kg
- 50-100 Kg
- 100-150 Kg
End User
- Mining
- Automotive
- Oil and Gas
- Aerospace
- Military and Defense
- Warehouse and Logistics
- Marine and Shipping
- Construction
- Others
Robotic Refueling System Market Regional Analysis/Insights
The robotic refueling system market is analysed and market size insights and trends are provided by country, component, fuel pumped, payload carrying capacity and end user as referenced above.
The countries covered in the robotic refueling system market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the robotic refueling system market due to increasing investments to develop and improve highly developed fuel stations, the presence of major manufacturers , and the number of autonomous vehicles in this region.
North America will continue to project the highest compound annual growth rate during the forecast period of 2022-2029 due to rise in demand for robotic refueling systems in the U.S. and Canada in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Robotic Refueling System Market Share Analysis
The robotic refueling system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to robotic refueling system market.
Some of the major players operating in the robotic refueling system market are:
- Scott (New Zealand)
- Fuelmatics AB (Sweden)
- Rotec Engineering B.V (Netherlands)
- Neste (Finland)
- Shaw development LLC (U.S.)
- PLUG POWER Inc. (U.S.)
- Aerobotix (U.S.)
- Airbus (France)
- Boeing (U.S.)
- ABB (Switzerland)
- KUKA AG (Germany)
- Simon Group Holding [SGH] (U.S.)
- FANUC Corporation (JAPAN)
- AUTOFUEL APS (Sweden)
- TATSUNO Corporation (Japan)
- Mine Energy Group (Australia)
- Husky Corporation (U.S.)
- Green Fueling Inc. (U.S.)
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