Press release
Robotic Refueling System Market on Track for Strong Growth, Estimated to Grow at 47.2% CAGR Through 2029
Robotic Refueling System Market
What Is the Expected CAGR for the Robotic Refueling System Market Through 2025?
The market size of the robotic refueling system has seen exponential growth in the past few years. The market is set to expand from $0.41 billion in 2024 to $0.62 billion in 2025, indicating a compound annual growth rate (CAGR) of 50.7%. This significant growth recorded during the historic period can be credited to factors such as a rise in robotics demand, the increasing need for automation, heightened safety issues, the call for effective fuel distribution, and the expansion of service centers by vendors of the robotic refueling system.
What's the Projected Size of the Global Robotic Refueling System Market by 2029?
Anticipated to grow significantly in the coming years, the robotic refueling system market is projected to reach a worth of $2.91 billion by 2029, with a compound annual growth rate (CAGR) of 47.2%. Factors contributing to this expansion during the predictive period include increased oil and gas production, enhanced security requirements, the demand for cost-efficient practices in mining, a rise in the use of autonomous haul trucks, and a swift increase in both globalization and industrialization. Main trends identified in this same forecast period encompass the embrace of autonomous technology, product innovations, a rise in strategic collaborations, technology advancements, and the introduction of innovative changes and updates in existing products by robotic manufacturers.
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Top Growth Drivers in the Robotic Refueling System Industry: What's Accelerating the Market?
The surge in oil and gas output is anticipated to drive the growth of the robotic refueling system market. Oil and gas are naturally occurring hydrocarbons found in rocks within the earth's crust. The rise in production of these commodities is influenced by technological advancements, market dynamics, geopolitical factors, and regulatory policies that mold the global energy scene. Robotic refueling systems contribute to reduced downtime and smoother refueling processes, thereby escalating overall productivity in the oil and gas sector. For example, as per the Energy Information Administration (EIA), a chief agency of the U.S. Federal Statistical System, crude oil production in the United States averaged 12.4 million barrels per day (b/d) in 2023 and is projected to increase to 12.8 million b/d in 2024. Thus, the increased production of oil and gas is spurring the growth of the robotic refueling system market.
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Which Emerging Trends Are Transforming the Robotic Refueling System Market in 2025?
Leading companies in the robotic refueling system market are striving to innovate and create autonomous refueling systems like RAPID, offering customers advanced functionalities. This system facilitates autonomous refueling that eliminates the need for human intervention, allowing vehicles or aircraft to fuel themselves. For instance, Stratom Inc., a renowned U.S. manufacturer of autonomous robotic systems, introduced RAPID in August 2022. This system is tailored for refueling, recharging, and liquid transferring in difficult settings. It is suitable for both autonomous operations and scenarios requiring human interaction. RAPID also facilitates control from a safe distance, removing the necessity for vehicle operators to leave their vehicles during fueling, thereby improving both efficiency and safety.
What Are the Main Segments in the Robotic Refueling System Market?
The robotic refueling systemmarket covered in this report is segmented -
1) By Component: Hardware, Software
2) By Fuel Pumped: Gasoline, Natural Gas, Petrochemicals, Other Fuels Pumped
3) By Payload-Carrying Capacity: Up To 50 Kg, 50.01-100.00 Kg, 100.01-150.00 Kg
4) By End User: Automotive, Aerospace, Construction, Marine And Shipping, Mining, Military And Defense, Oil And Gas, Warehouse And Logistics, Other End Users
Subsegments:
1) By Hardware: Robotic Arms, Fuel Dispensing Units, Sensors And Cameras, Control Systems, Connectors And Valves, Power Supply Units, Structural Components
2) By Software: Control Software, Navigation And Mapping Software, Safety And Monitoring Software, Data Analytics And Reporting Software, Integration Software
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Which Top Companies are Driving Growth in the Robotic Refueling System Market?
Major companies operating in the robotic refueling system market are The Boeing Company, Airbus S.A.S, ABB Ltd., Neste Oyj, Fanuc Corporation, KUKA AG, Stäubli Ltd., Plug Power Inc., Scott Technology Ltd., Shaw Development LLC, Husky Corporation, Balyo SA, Imenco AS, Gazpromneft-Aero, Orbit Fab Inc., Aerobotix Inc., Tatsuno Corporation, Stratom Inc., Rotec Engineering B.V., Mine Energy Solutions Pty Ltd., Fuelmatics AB, Autofuel AB, Green Fueling Inc., Wilder Systems Inc., Simon Group Holding
Which Regions Will Dominate the Robotic Refueling System Market Through 2029?
North America was the largest region in the robotic refueling system market in 2024. The regions covered in the robotic refueling system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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