A recent report published by
Infinium Global Research on robotic refueling system market provides in-depth
analysis of segments and sub-segments in the global as well as regional robotic
refueling system market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional robotic refueling
system market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of the global
robotic refueling system market. According to the report, the global robotic
refueling system market is projected to grow at a CAGR of 45.6% over the
forecast period of 2019-2025.
Robotic refueling system market is
an efficient and time-saving refueling system used for the prevention from
explosion and robbery cases happen in the petrol station. It is a system that
utilizes a positioning robot arm that is allowed to move using its search head
and extendable nozzle toward the fueling spot of the car. This system provides
an accurate fueling position due to the addition of the distance sensor and a
weight sensor to locate the actual location of the vehicle. This system is
fast, accurate, safe and simple in order to allow car users having friendlier
car fueling. Additionally, a number of heavy vehicle users nowadays have
knowledge and exposure to the proper way of fueling up the vehicle. This will
then lead to some safety problems such as explosion and get burn due to some
The requirement to dispense different
types of fuels with flexibility and safety is the major driving factor for the
robotic refueling system market. The robotic refueling system includes a
movable fuel dispenser having search head and extendible nozzle. It is a highly
safe system as the operator does not have to deal directly with exposure to
flammable liquid, worry about collisions, or any environmental contamination.
It is cost-efficient as no local operator is required during refueling allowing
supervision to be carried out from a remote operations center. The productivity
also will be exponentially increase owing to overall faster operation.
Furthermore, increasing the requirement for low-cost operations in the mining
vertical is also driving the market growth. The current mining refueling
process faces several challenges and risks to workers on a daily basis. The
trucks require a lot of time driving to manual, supervised refueling stations.
This is a dull, timely task that must be managed on-site and ultimately causes
lost production abilities as fuel farms are often located off the circuit,
outside the mine site. However, stringent legal and safety regulations for the
use of a robotic refueling system are restraining the growth of the market.
Moreover, increasing the adoption of autonomous technology in the automotive
industry is expected to provide growth opportunities to market players.
Geographically, Europe dominates
the global robotic refueling system market. The factors such as widespread
industrial base in the region and the presence of major robotic refueling
system manufacturers are driving the market growth. The European Union is among
the world's biggest producers of motor vehicles and the sector represents the
largest private investor in research and development (R&D). The rapid
progress made in areas such as artificial intelligence, machine learning, and
deep neural networks is fueling the market growth in Europe. Fuelmatics AB is
one of the fastest-growing organizations in Europe's robotic refueling system
market. Fuelmatics mostly adopted organic growth strategies through the
introduction of technologically advanced and innovative product lines.
The report on global robotic
refueling system market covers segments such as fuel pumped, payload-carrying
capacity, and end-user industry. On the basis of fuel pumped, the sub-markets
include gasoline, natural gas, Diesel, ATF (advanced tactical fighter), and
others (hydrogen fuel cells, lithium-ion batteries, methanol, biofuel, and
biodiesels). On the basis of payload-carrying capacity, the sub-markets include
up to 50 kg, and 50 kg-100 kg, 100 Kg-150 Kg. On the basis of end-user
industry, the sub-markets include automobile, mining, Oil & Gas, marine
& shipping, aerospace, military & defense, and others.
The report provides profiles of
the companies in the market such as Aerobotix, SCOTT Technologies, PLUG POWER Inc., Airbus
S.A.S, The Boeing Company, ABB Group, Fuelmatics, KUKA, Rotec Engineering B.V.,
Neste Oyj, and other companies.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO analysis
of robotic refueling system market. Moreover, the study highlights current
market trends and provides forecast from 2019-2025. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.