The new report by Expert Market Research titled, ‘Global Robotic Refuelling System Market Outlook, and Forecast 2021-2026’, gives an in-depth analysis of the global robotic refuelling system market, assessing the market based on its segments like components, fuel pumped, payload carrying capacity, verticals and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 33.35 Million
- Forecast CAGR (2021-2026): 45%
- Forecast Market Size (2026): USD 310 Million
During the forecast period, the robotic refuelling system market is expected to be driven by the rising usage of autonomous transport trucks in mining, where gasoline is the primary fuel. The increased demand for automation, electric/hybrid automobiles, and cost-effective on-site refueling stations for mining haulage trucks are the primary elements driving the robotic refuelling system industry development with a payload capacity of 105–155 kg internationally.
Industry Definition and Major Segments
Robotic refueling is an automated refueling system that directs the nozzle into the truck’s gasoline tank using high-end vision sensing and detecting technology. When implemented, this strategy greatly enhances the flexibility of the on-the-job project while simultaneously addressing cost, productivity, and safety concerns.
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Based on components, the market covers:
- Vehicle Positioning System
- Control System
- Robotic Arm
- Fuel Dispensing System
Based on payload carrying capacity, the market is categorised into:
- Up to 50 kg
- 50–100 kg
- 100–150 kg
Based on fuel pumped, the market is divided into:
- Natural Gas
Based on vertical, the market is categorised into:
- Oil & Gas
- Military & Defence
- Warehouse and Logistics
- Marine and Shipping
The major regional markets include:
- North America
- Latin America
- Middle East and Africa
Robotic refuelling systems with a broad range of payload capabilities based on the type of fuel being pumped are used in verticals such as mining, automotive, aviation, army and defense, and warehouse and logistics, and their application in each field is assisting the market expansion. The growing demand for low-cost mining operations, as well as the necessity for increased safety and security, are propelling the industry forward. Fuel dispensing is the primary driver of market expansion. In 2020, it is expected that the market for robotic refuelling systems, which are used to pump gasoline and other fuels, would have the largest share.
Legal and safety restrictions are one of the major roadblocks to industry expansion. The transition from manual to automated gasoline caps is a significant barrier that could stymie industry growth during the projection period.
Key Market Players
The major players in the market are ABB Group Ltd, Scott Technology Ltd, KUKA AG, Rotec Engineering, Fuelmatics, Mine Energy Solution Pty, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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