Robotic RefuelingSystem Market: Introduction
· Robotic refueling is a system in which a robotic arm is used to refuelthe vehicle. Robotic fueling improves the existing manual systems mainly byreducing the operational cost through automation.
· Robotic fueling can be carried out using redesign fuel dispensingsystems and vehicle fuel tank positioning. These types of fuel systems have ahuge demand globally, as there is an increase in the adoption of autonomoustechnology in the automobile sector. This gives tremendous opportunities forcompanies to invest for advancement of robotic refueling system in the nearfuture.
· The roboticrefueling system market has witnessed robust growth due to factors suchas increased productivity, low operational cost, and ability to dispensedifferent types of fuels with flexibility and safety
Key Drivers andRestraints of Global Robotic Refueling System Market
· Rapid globalization and industrialization are driving the global roboticrefueling system market. Use of technologies, such as automation, IoT, machinelearning, and advanced robotics, are expected to fuel the growth of the globalrobotics refueling systems market.
· Requirement for low cost operations and improved security and safetywhile fuel dispensation are also propelling the growth of the global roboticsrefueling system market. Robotic fueling systems help avoid human contact withpotentially dangerous fumes, drivers’ exposure to extreme hot or coldtemperatures during fueling, and lowers the labor cost associated with fullservice fueling.
· Legal and safety regulations, and manually-operated fuel caps ofexisting cars are expected to restrain the growth of the global roboticsrefueling system market
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Global RoboticRefueling System Market: Segmentation
· The global robotic refueling system market can be segmented based onfuel pumped, payload-carrying capacity, and end user
· In terms of fuel pumped, the global robotic refueling system market canbe segmented into gasoline, natural gas, diesel, ATF, and others (hydrogen fuelcells, lithium-ion batteries, methanol, biofuel, and biodiesels). The gasolinesegment is expected to dominate the global market during forecast period, asthe demand for gasoline vehicles is high from developing and underdevelopedcountries. The others segment is expected to grow at the highest CAGR duringthe forecast period, owing to the rise in demand for zero emission vehicles dueto environmental awareness.
· Based on payload-carrying capacity, the global robotic refueling systemmarket can be divided into up to 50 kg, 50 kg – 100 kg, and 100 kg – 150 kg.The up to 50 kg segment is expected to grow with rise in demand forelectric/hybrid vehicles, as these vehicles require robotic refueling systemswith a payload-carrying capacity of up to 50 kg.
· On the basis of end-user, the global robotic refueling system market canbe classified into mining, automobile, oil & gas, aerospace, marine &shipping, military & defense, and others. The mining & shipping segmentis expected to dominate the global market, as there is a growing demand forlow-cost operations, along with the need for improved security and safety whilefuel dispensation in the mining industry.
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Global RoboticRefueling System Market: Regional Segmentation
· Based on region, the global robotic refueling system market can beclassified into: North America, Asia Pacific, Europe, Latin America, and MiddleEast & Africa
· Europe dominated the global market robotic refueling system market in2018 and is expected to account for the largest share of the robotic refuelingsystem market during the forecast period. This is majorly due to growinginvestments to upgrade and develop advanced fuel stations as well as increasein number autonomous vehicles. Furthermore, Europe has the presence of highestnumber of robotic refueling system manufacturers.
· The global robotic refueling system market in North America is expectedto grow at a high CAGR during the forecast period due to rise in demandfor robotic refueling systems in the U.S. and Canada
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Key Developments
· In February 2018, SCOTT Technologies acquired the Alvey Group. Thisacquisition will allow SCOTT Technologies to use research capabilities of theAlvey Group to enhance the company’s portfolio of robotic refueling systems
· In May 2018, Tansbotics Corporation was acquired by SCOTT Technologies.The acquisition of the company has enabled SCOTT Technologies to produceadvanced robotic solutions from scratch using Transbotics Corporation’sresources
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Key PlayersOperating in Global Robotic Refueling System Market:
· SCOTT Technologies
· PLUG POWER Inc.
· Aerobotix
· The Boeing Company
· ABB Group
· Airbus S.A.S
· KUKA
· Rotec Engineering B.V.
· Aerobotix
· Fuelmatics
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