Robotic Refueling System Market is expected to grow at a CAGR of 39.1% by 2027 | Scott, KUKA, Fanuc

Robotic Refueling System market report by "The Insight Partners" sheds light on the key drivers and opportunities attributing to market expansion over the analysis period. It also gives in-depth information pertaining to the challenges and threats poised to hinder revenue generation in the forthcoming years. Additionally, the report also provides crucial information regarding leading companies in this business sphere and the trends that are likely to prevail in the near future.

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According to the new research report published by The Insight Partners, titled "Robotic Refueling System Market - Global Analysis and Forecast to 2027", the global robotic refueling system market is expected to reach US$ 194.0 Mn in 2027, registering a CAGR of 39.1% during the forecast period 2019-2027.

A robotic fueling system has the advantage of preventing human contact with potentially dangerous fumes, avoiding driver's exposure to extreme hot or cold temperatures during fueling, and reducing the labor costs associated with full service fueling stations. A robotic fueling system consists of five main subsystems: control system which include user interface, processor, and logic schema; sensor system for vehicle positioning and identification, robotic arm, fuel dispensing nozzle, and the fuel port interface.

The main focus of robotic fuelling is to explore improvements over existing systems (manual) mainly by cost reduction (personnel cost) through automation. Simplification in robotic fueling can be achieved by the redesign of the vehicle positioning and fuel dispensing systems. The global robotic refueling system market has been witnessing robust growth due to factors such as Low cost of operation and flexibility of dispensing different fuels, adoption of this system by the mining industry owing to cost, flexibility, safety and increased productivity of mining operations. No requirement for operators on-site to man fuel stations and refuel vehicles is considered to the major driving factor for the robotic fueling systems remarkable growth rate during the forecast period from 2019 - 2027

Leading Robotic Refueling System market Players: Scott, KUKA, Fanuc, Fuelmatics, Neste, Rotec Engineering, Gazprom Neft, Mine Energy Solutions, Plug Power, Inc., Shaw Development LLC

Considerable acceleration for the demand for robots in various end-user industries owing to the continuing trend toward automation and sustained advanced technical improvements is majorly driving the robotics refueling system market. US is early and major adopter of this service and is still in its growing phase with implementation of several tools, and techniques pertaining to robotic refueling system. The presence of some of the world's largest business firms coupled with huge competition in the region has driven the demands from the end-user industry for adoptions of robotic refueling system services
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Robotic Refueling System Market Insights
Low cost of operation and flexibility of dispensing different fuels is going to act as a catalyst for the robotic refueling system market's growth
For decades, fuel pumps have been operated by humans, thus, raising the total operational cost of managing the store and the pump. An operator has already been assigned for the task of fueling and managing the monetary operations. A robotic fueling station would eliminate the need for a human to potentially dangerous petrochemical fumes, avoiding driver's exposure to extreme cold or hot temperatures during fueling, and reducing the labor costs associated with full-service fueling stations. Additionally, fueling a diesel car with petrol or vice versa has always been the most careless mistake while refueling. Robotic refueling systems eliminate the chances of wrong fuelling accidents as each vehicle would have an RFID tag which would inform the refueling station regarding the type of fuel used such as petrol, diesel, or natural gas.

In recent times, vehicles entering a robotic refueling station are generally controlled by humans. Nonetheless, autonomous driving utilizing prescriptive or predictive analytics would leave human drivers redundant and make driving even more reasonable and safer operations. With the advent of autonomous vehicles, the vehicle would be directed by humans to enter a fuelling station. However, with the addition of artificial intelligence (AI) coupled with autonomous driving will extend beyond independent drive, and it will also aid in autonomous ongoing refueling operations, which will decipher the current issue of manually instructing the car for refueling and negate the need for human intervention. With the advent of level 5 autonomous vehicle coupled with AL, a vehicle on its own can enter a robotic fuel pump for refueling when the fuel level drops below the threshold level.
Additionally, in the mining industry, autonomous trucks can stop at a containerized fuel station for the purpose of refueling without the intervention of human. Additionally, the concept of swarm intelligence (SI) is expected to allow the collaboration of multiple autonomous vehicles in the industry to take collective action of refueling when needed

GLOBAL ROBOTIC REFUELING SYSTEM MARKET SEGMENTATION
Global Robotic Refueling System market - By Component
Hardware
Software
Global Robotic Refueling System Market - By Fuel
Gaseous Fuel
Gasoline
Diesel
Others

Global Robotic Refueling System Market - By Industry Vertical
Aerospace & Defense
Automotive
Construction
Oil & Gas
Mining
Others

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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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