Robotic Refueling System Market : Industry Trends and Technology Update 2030

The robotic refueling system market is expected to grow from USD 25 million in 2019 to USD 2.2 billion by 2030, at a CAGR of 50.0% during forecast period. Growing requirement for low-cost operations in the mining vertical and the need for improved security and safety while fuel dispensation are the key factors driving the growth of the market. One of the major restraints for the growth of the market is the legal and safety regulations. The Increasing adoption of autonomous technology is the key opportunity for the growth of the robotic refueling system market. A major challenge faced by the key players in the market is the replacement of manual caps with automated fuel caps.

Gasoline accounted for the largest share of the robotic refueling system market, by fuel pumped. The rising adoption of autonomous haulage trucks in the mining vertical, where gasoline is used as a primary fuel is expected to drive the market for robotic refueling systems during the forecast period.

Verticals such as mining, automotive, aerospace, military & defense, and warehouse & logistics require robotic refueling systems with a wide range of payload capacity depending upon the type of fuel being pumped and the application of these systems in each region. The rising demand for automation, electric/hybrid vehicles, and cost-effective onsite refueling stations for mining haulage trucks worldwide is the key factor driving the growth of the market for robotic refueling systems with a payload-carrying capacity of 100–150 kg.

Download PDF Brochure @  

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=84037790

Robotic refueling systems are required in the mining and automotive verticals for cost-effective refueling operations and provide safety while refueling. The mining vertical has been increasingly using autonomous systems for improving safety, time efficiency, and cost-effective operations. The adoption of robotic refueling systems in the mining vertical is expected to grow significantly during the forecast period

Europe is expected to account for the largest share of the robotic refueling system market during the forecast period. The presence of major robotic refueling system manufacturers such as Fuelmatics AB (Sweden) and Rotec Engineering (Netherlands), harsh climatic conditions, and an extensive industrial base are the major factors that make Europe a dynamic region for the robotic refueling system market. APAC held the second-largest share in 2018. The high rate of technological developments in the mining, automotive, and aerospace & defense industries is the key factor driving the growth of the market in APAC            

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441