Robotic Refueling System Market - Covid 19

Robotic Refueling System Market held a market size of $26 million in 2019
By: Esticast Research
 
LOS ANGELES - Oct. 21, 2020 - PRLog -- Europe is expected to be the leading region in the global robotic refueling system market. The market growth is attributed to the booming oil & gas industry and strong penetration of market players such as Rotec Engineering, KUKA, and Fuelmatics AB. The growing automation in the mining sector in countries like Germany is contributing to the market growth in the region.

OVERVIEW

Robotic refueling system is currently aiding various industries which include road, rail, mining, aviation, excavator replenishment, and drilling. This system does not require a local operator, and supervision is done from the remote operations center. The robotic refueling process is precise and essentially error-free, which saves the risk of manual mistakes. In addition, this system aid in increasing productivity due to its overall faster operation, enhanced fuel turnaround time which facilitates an additional cycle per shift, and increases the use of the truck fleet. The growing trend of automation across various industry verticals is offering a favorable environment for the market. In addition, the increasing need for low-cost operation in the mining sector and the growing requirement of enhanced safety & security during the dispensation of fuel is boosting the market growth. Further, the increasing demand for electric vehicles and alternative fuel in developed nations is expected to support market growth.

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The global robotic refueling system market has been divided into fuel pumped, component, payload carrying capacity, and vertical. The fuel pumped segment has been divided into natural gas, petrochemical, gasoline, and others. The component segment has been divided into software and hardware. The hardware segment has been further sub-segmented into the robotic arm, vehicle positioning system, control system, fuel dispensing system, and others. The payload carrying capacity segment has been divided into 100-150 kg, 50-100 kg, and up to 50 kg. , the vertical segment has been bifurcated into mining, oil & gas, automotive, aerospace, warehouse & logistics, military & defense, construction, marine and shipping, and others.

Prominent companies functioning in the global robot refueling system market include Aerobotix, Scott Technology Ltd, Rotec Engineering B.V, Daihen, Fuelmatics AB, KUKA, Shaw Development LLC, FANUC, Mine Energy Solution Pty, GAZPROMNEFT-AERO, PLUG POWER Inc., ABB Group, and Neste Oyj. The competition in this market is intense owing to the presence of several market players.

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Source:Esticast Research
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