Global Robotic Refueling System Market to reach USD 640.72 billion by 2027.
Global Robotic Refueling System Market is valued approximately USD 37.50 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 50.0% over the forecast period 2021-2027. Robotic refueling is an automatic refueling device that directs the injector into the truck's gasoline tank using high-end vision sensing and detecting technology. While in place, this approach greatly enhances the performance of the on-the-job project while also resolving cost, efficiency, and security concerns. Instead of the pricey video imaging technology utilized in previous designs, the advanced product releases across fuelling systems employ a laser scanner to establish the vehicle position. A less difficult and nozzle redesign mating method of the fuel port and the fuel nozzle can improve fuel dispensing by reducing the number of autonomous tasks that the robotic arm must undertake. There is no necessity for operator to be on-site to fill vehicles and man gasoline stations. This is the primary milestone in the development of the robotic fueling systems market throughout the forecast period. For instance, SCOTT Technologies purchased Tansbotics Corporation in 2018. SCOTT Technologies' takeover of the company has authorized it to create advanced robotic alternatives from the ground up utilizing Transbotics Corporation's assets. The need for low-cost operational activities as well as enhanced security and safety during fuel proclamation is also boosting the global robotics refueling system market forward. However, strict legal and safety restrictions for the use of a robotic refueling system, as well as government regulations to assures data protection, will act as market restraints during the forecast timeframe. The replacement of hand - operated fuel caps with automated gasoline caps is the most major hindrance to the development of the robotic refueling system market. Also, the global robotic refueling system market is being driven by rapid globalization and industrial development. Mechanization, IoT, artificial intelligence, and highly developed robotics are expected to drive the growth of the worldwide robotics refueling equipment market.

Europe will monopolies the robotic refueling system market due to rising investment opportunities to enhance and expand highly developed fuel stations, and also an uptick in the level of automated vehicles and the expansion of key manufacturers in the country, while North America is projected to trigger significant growth during the forecast period resulting in an increase in capital investment for robotic refueling systems. During the projected timeline, Asia pacific is anticipated to grow at the fastest CAGR. Rapid technological changes and steadily increasing automated test adaptation in the automotive sector are the primary factors driving overall growth in APAC.

Major market player included in this report are:
Scott Technology
Fuelmatics AB
Rotec Engineering B.V
Neste Oyj
Shaw development LLC
PLUG POWER Inc.
Aerobotix
Airbus S.A.S
The Boeing Company
ABB Group

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Fuel Pumped:
Gasoline
Natural Gas
Petrochemicals
Other
By Payload-carrying Capacity:
Up to 50 kg
50.01-100.00 kg
100.01-150.00 kg
By Vertical:
Mining
Automobile
Oil & Gas
Aerospace
Military & Defense
Warehouse & Logistics
Marine & Shipping
Construction
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Robotic Refueling System Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors