Overview and Scope
Robotic refueling systems refer to automated systems that refuel vehicles or machinery without human interaction, primarily used in industries where efficiency, safety, and precision are critical. This system comprises robotic arms equipped with specialized tools, sensors, and software algorithms to precisely locate and connect fuel nozzles to vehicles or machinery for proper fueling procedures.
Sizing and Forecast
The robotic refueling system market size has grown exponentially in recent years. It will grow from $0.27 billion in 2023 to $0.41 billion in 2024 at a compound annual growth rate (CAGR) of 51.7%. The growth in the historic period can be attributed to surge in robotics demand, growing demand for automation, increased safety concerns, need for efficient fuel dispensation, increase in service centers by robotic refueling system vendors.
The robotic refueling system market size is expected to see exponential growth in the next few years. It will grow to $2.20 billion in 2028 at a compound annual growth rate (CAGR) of 52.1%. The growth in the forecast period can be attributed to rise in the production of oil and gas, rising need for enhanced security, increasing demand for minimum-cost operations in mining, rising adoption of autonomous haulage trucks, rapid surge in globalization and industrialization. Major trends in the forecast period include adoption of autonomous technology, product innovations, increasing number of strategic collaborations, technological advancements, incorporation of innovations and modifications in existing products by robotic manufacturers.
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Segmentation & Regional Insights
The robotic refueling system market covered in this report is segmented –
1) By Component: Hardware, Software
2) By Fuel Pumped: Gasoline, Natural Gas, Petrochemicals, Other Fuels Pumped
3) By Payload-Carrying Capacity: Up To 50 Kg, 50.01-100.00 Kg, 100.01-150.00 Kg
4) By End User: Automotive, Aerospace, Construction, Marine And Shipping, Mining, Military And Defense, Oil And Gas, Warehouse And Logistics, Other End Users
Top 5 Major Players:
- The Boeing Company
- Airbus S.A.S
- ABB Ltd
- Neste Oyj
- Fanuc Corporation
North America was the largest region in the robotic refueling system market in 2023. The regions covered in the robotic refueling system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increase in oil and gas production is expected to propel the growth of the robotic refueling system market going forward. Oil and gas refer to hydrocarbons, naturally occurring substances in rocks in the earth’s crust. The increase in oil and gas production is driven by technological innovation, market forces, geopolitical dynamics, and regulatory frameworks that shape the global energy landscape. Robotic refueling systems help minimize downtime by streamlining the refueling process, ultimately enhancing overall productivity in oil and gas production. For instance, according to the Energy Information Administration (EIA), a principal agency of the U.S. Federal Statistical System, in 2023, crude oil production in the United States was an average of 12.4 million barrels per day (b/d) and is forecast to increase to 12.8 million b/d in 2024. Therefore, the rise in oil and gas production is driving the growth of the robotic refueling system market.
Key Industry Players
Major companies operating in the robotic refueling system market are The Boeing Company, Airbus S.A.S, ABB Ltd., Neste Oyj, Fanuc Corporation, KUKA AG, Stäubli Ltd., Plug Power Inc., Scott Technology Ltd., Shaw Development LLC, Husky Corporation, Balyo SA, Imenco AS, Gazpromneft-Aero, Orbit Fab Inc., Aerobotix Inc., Tatsuno Corporation, Stratom Inc., Rotec Engineering B.V., Mine Energy Solutions Pty Ltd., Fuelmatics AB, Autofuel AB, Green Fueling Inc., Wilder Systems Inc, Simon Group Holding
The robotic refueling system market report table of contents includes:
1. Executive Summary
2. Robotic Refueling System Market Characteristics
3. Robotic Refueling System Market Trends And Strategies
4. Robotic Refueling System Market – Macro Economic Scenario
5. Global Robotic Refueling System Market Size and Growth
….
32. Global Robotic Refueling System Market Competitive Benchmarking
33. Global Robotic Refueling System Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Robotic Refueling System Market
35. Robotic Refueling System Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Robotic Refueling System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Robotic Refueling System Market, Segmentation By Fuel Pumped, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Robotic Refueling System Market, Segmentation By Payload-Carrying Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…..
Table 75: The Boeing Company Financial Performance
Table 76: Airbus S.A.S Financial Performance
Table 77: ABB Ltd. Financial Performance
Table 78: Neste Oyj Financial Performance
Table 79: Fanuc Corporation Financial Performance
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