DUBLIN--(BUSINESS WIRE)--The "Robotic Refueling System Market to 2027 - Global Analysis and Forecasts by Component; Fuel; Industry Vertical" report has been added to ResearchAndMarkets.com's offering.
The global robotic refueling system market accounted to US$ 10.2 Mn in 2018 and is expected to grow at a CAGR of 39.1% during the forecast period 2019-2027, to account to US$ 194 Mn by 2027.
Automated/robotic fuelling systems can eliminate operation personnel's exposure to flammable liquid and repetitive strain injuries. As this system helps in reducing interactions between vehicles and personnel, risks such as tire burst exposure, falling objects, and collision with other vehicles can be averted.
Additionally, in the construction industry, refueling cars, trucks, machinery, or other vehicles is a common activity, but it can be an awfully hazardous job if done imperfectly. Not just improper fuelling can cause fires, burns, or explosions, but the diesel or petrol itself is also a hazardous material with the potential for spills and leaks.
The main focus of robotic fuelling is to explore improvements over existing systems (manual) mainly by cost reduction (personnel cost) through automation. Simplification in robotic fueling can be achieved by the redesign of the vehicle positioning and fuel dispensing systems.
The latest refueling systems use a laser scanner to determine the vehicle position as opposed to expensive video imaging equipment used by previous designs. Fuel dispensing can be improved by a nozzle redesign and less complicated mating process of the fuel nozzle and the fuel port, which reduced the number of autonomous tasks that needed to be performed by the robotic arm.
No requirement for operators on-site to man fuel stations and refuel vehicles is considered to the major driving factor for the robotic fueling system market remarkable growth rate during the forecast period from 2019-2027.
Some of the key manufacturers in the robotic refueling system market across the globe include Scott, Fuelmatics, Neste, Rotec Engineering, and Gazprom Neft among others.
North America holds the largest robotic refueling system market share in terms of revenue. The rise in production of shale gas is significantly driving the scope of robotic refueling system in the region. Further, North America has over 14% of the crude oil and 6% of the natural gas reserves in the world. Out of these, the region supplies 23% of the oil and 27% of gas in the world.
Also, the region is the second-largest solar power and wind energy generator and the second-largest supplier of hydropower in the world. The region represents over 22% of the total energy consumed globally. The US and Canada are witnessing exceptional growth in the production of shale reserves, fossil fuel, oil sands, and tight oil. Strong reserve of oil & gas is anticipated to offer tremendous opportunities to both manufacturers and providers in the robotic refueling system market.
Reasons to Buy
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- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
Key Topics Covered
1.1 Scope of The Study
1.2 Report Guidance
1.3 Market Segmentation
1.3.1 Global Robotic Refueling System market - By Component
1.3.2 Global Robotic Refueling System Market - By Fuel
1.3.3 Global Robotic Refueling System Market - By Industry Vertical
1.3.4 Global Robotic Refueling System market - By Geography
2. Key Takeaways
3. Research Methodology
3.2 Secondary Research
3.3 Primary Research
4. Robotic Refueling System Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America - PEST Analysis
4.2.2 Europe - PEST Analysis
4.2.3 Asia-Pacific - PEST Analysis
4.2.4 Middle East & Africa - PEST Analysis
4.2.5 South America- PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Robotic Refueling System Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Low cost of operation and flexibility of dispensing different fuels is going to act as a catalyst for the market's growth
5.1.2 Mining industry to ensure robotic refuelling systems formidable growth rate
5.2 Market Restraints
5.2.1 Security concerns touted as the major restraint of the robotic refuelling market
5.3.1 Safety concerns relating to refuelling of vehicles in construction industry if further going to add new opportunities for robotic fuelling systems in the future
5.3.2 Adoption of automation in marine application is expected to offer future market growth for the robotic fuelling systems
5.4 Future Trends
5.4.1 AI driven autonomous cars/vehicles will change the market scape
5.5 Impact Analysis
6. Robotic Refueling System Market - Global Analysis
6.2 Global Robotic Refueling System Market Revenue And Forecasts To 2027 (US$ Mn)
6.3 Market Positioning - Global Top five Players Ranking
7. Robotic Refueling System Market Analysis - By Component
7.2 Robotic Refueling System Market Breakdown, By Component, 2018 & 2027
8. Robotic Refueling System Market Analysis - By Fuel
8.2 Robotic Refuelling System Market Breakdown, By Fuel, 2018 & 2027
8.3 Gaseous Fuel
9. Robotic Refueling System Market Analysis - By Industry Vertical
9.2 Robotic Refueling System Market Breakdown, By Industry Vertical, 2018 & 2027
9.3 Aerospace and Defence
9.6 Oil & Gas
10. Robotic Refueling System Market - Geographical Analysis
10.2 North America Robotic Refueling System Market Revenue and Forecasts to 2027
10.3 Europe Robotic Refueling System Market Revenue and Forecasts To 2027
10.4 APAC Robotic Refueling System Market Revenue and Forecasts To 2027
10.5 Middle East and Africa Robotic Refueling System Market Revenue and Forecasts To 2027
10.6 South America Robotic Refueling System Market Revenue and Forecasts To 2027
11. Industry Landscape
11.2 Market Initiative
11.3 New Development
12. Company Profiles
12.1 ABB Ltd.
12.2 Fanuc Corporation
12.3 Fuelmatics AB
12.4 Gazprom Neft PJSC
12.5 Kuka AG
12.7 Rotec Engineering
12.8 Scott Technology Limited
12.9 Shaw Development LLC
12.10 Yaskawa Electric Corporation
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