Robotic Refueling System Market (Fuel Pumped - Gasoline, Natural Gas, Diesel, ATF (Advanced Tactical Fighter), and Others (Hydrogen Fuel Cells, Lithium-ion Batteries, Methanol, Biofuel, and Biodiesels); Payload-carrying Capacity - Up to 50 Kg, and 50 Kg-100 Kg, 100 Kg-150 Kg; End-user Industry - Automobile, Mining, Oil & Gas, Marine & Shipping, Aerospace, Military & Defense, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

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.

Market Insight

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 incorrect action.

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.

Segment Covered

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.

Companies Profiled:

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.

Report Highlights:

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.