Robotic Refueling System Market Size, Trends and Growth Analysis by 2027

In 2018, the global market for robotic refueling systems was valued at US$ 10.2 million and is projected to experience a remarkable compound annual growth rate (CAGR) of 39.1% from 2019 to 2027, reaching an estimated US$ 194.0 million by the end of the forecast period.

Robotic and automated fueling systems significantly reduce the risk of personnel being exposed to flammable liquids and help prevent repetitive strain injuries. By minimizing the interactions between vehicles and human operators, these systems mitigate various hazards, including tire bursts, falling objects, and potential collisions with other vehicles. In sectors such as construction, where refueling of cars, trucks, and machinery is routine, the process can be perilous if not executed correctly. Improper fueling can lead to catastrophic incidents such as fires, burns, or explosions, and the fuels themselves?diesel and petrol?are hazardous materials that pose risks of spills and leaks.

The primary objective of robotic fueling systems is to enhance existing manual processes, primarily by reducing costs associated with personnel through automation. Improvements in robotic fueling can be achieved by redesigning vehicle positioning and fuel dispensing mechanisms. Modern refueling systems utilize laser scanners to accurately determine vehicle positioning, replacing the more costly video imaging technologies used in earlier models. Enhancements in fuel dispensing can also be realized through nozzle redesigns and simplifying the connection process between the fuel nozzle and the vehicle's fuel port, which decreases the number of tasks the robotic arm must perform autonomously. The elimination of the need for on-site operators to manage fuel stations and refuel vehicles is a significant factor driving the rapid growth of the robotic fueling system market during the forecast period from 2019 to 2027.

Key players in the global robotic refueling system market include companies such as Scott, Fuelmatics, Neste, Rotec Engineering, and Gazprom Neft, among others. North America currently dominates the market in terms of revenue share. The increasing production of shale gas in the region is a major factor propelling the demand for robotic refueling systems. North America possesses over 14% of the world's crude oil reserves and 6% of its natural gas reserves, supplying approximately 23% of the global oil and 27% of the natural gas. Additionally, the region ranks as the second-largest producer of solar and wind energy and is also a significant supplier of hydropower, accounting for over 22% of the total energy consumption worldwide. The United States and Canada are experiencing substantial growth in the production of shale reserves, fossil fuels, oil sands, and tight oil, which is expected to create significant opportunities for manufacturers and service providers in the robotic refueling system market.

The overall size of the robotic refueling system market has been determined through a combination of primary and secondary research methods. The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data related to the market. This research also includes an overview and forecast of the global robotic refueling system market, segmented by key regions including North America, Europe, Asia-Pacific, and the Rest of the World. Furthermore, primary interviews with industry stakeholders and experts are conducted to validate the data and analysis. Participants in this process typically include industry professionals such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the robotic refueling system sector.