An Analysis of the Robotic Refueling System Market by Fuel Pumped, Payload-Carrying Capacity, and Vertical
Industry: Semiconductor Electronics
Published Date: June-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 300
Report ID: PMRREP33485
According to Persistence Market Research, robotic refueling systems sales are expected to reach US$ 83.5 million by 2023. A recent report estimates that robotic refueling systems will reach US$ 2.6 billion by 2033, with a 40.8% CAGR.
Robotic refueling systems are continuously evolving as robotics and automation advance. Sensor technologies, navigation autonomy, fueling mechanisms, and integration with other robotic systems have all improved over the past few years. The cost-effectiveness, versatility, and adaptability of robotic refueling systems may increase as the technology matures.
Increasing interest in scientific research-based projects and studies has led to a constant demand for these robots in the marketplace. The increasing use of technologies and the availability of advanced sensors has contributed to the growth of the market.
For instance, limited initial capabilities were demonstrated for the U.S. Army Aviation and Missile Research, Development, and Engineering Center to test that theory. The demonstration introduced the Autonomous & Robotic Remote Refueling Point, or AR3P, developed by the Center's Aviation Development Directorate and Operational Energy Lab. An autonomous robot refueling operation was demonstrated to stakeholders as a proof-of-concept and a potential material set of solutions.
| Report Attributes | Details |
|---|---|
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Robotic Refueling System Projected Market Value (2033) |
US$ 2.6 billion |
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Robotic Refueling System Market CAGR (2023 to 2033) |
40.8% |
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United States Market Size (2033) |
US$ 368.3 million |
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China Market Size (2033) |
US$ 673.6 million |
Persistence Market Research (PMR) estimates robotic refueling system sales will grew by 49.6% between 2018 and 2022. According to analysts, global sales will grow by 40.8% between 2023 and 2033.
There's growing interest in robotic refueling systems for commercial uses such as transportation, mining, agriculture, and construction has seen a rise in recent years. Commercial sectors have begun to use them even though they were originally designed for industrial and military purposes.
Robotic refueling has a global potential, not just limited to specific regions. In the future, the market is expected to experience significant growth worldwide as automation and efficient fueling solutions become more prevalent across industries.
As industries in these regions modernize and automate rapidly, emerging economies present significant opportunities in the future. Diverse industries will benefit from the market's continued growth as it offers numerous benefits, including cost savings, safety, and efficiency. A robotic refueling system can improve efficiency and reduce operational costs in industries where large fleets of vehicles and equipment require regular refueling.
How much Revenue can the Robotic Refueling System Market Generate in North American Region?
Market Share for Robotic Refueling Systems in North America is Expected to Increase
| United States (2023-2033) | Projected Market Value |
|---|---|
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Robotic Refueling System in United States Market Size (2023) |
US$ 13.5 million |
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Robotic Refueling System in United States Market Size (2033) |
US$ 368.3 million |
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Robotic Refueling System in United States Market (CAGR) |
39.2% |
The North American robotic refueling system market is expected to dominate the global market. In 2033, PMR projects the North American robotic refueling system market to reach US$ 634.95 million.
The growth of the IT sector and the adoption of technologies are expected to drive the demand for robotic refueling systems. Over the next few years, the demand for advanced technologies and autonomous vehicles is expected to grow.
The rising demand for space technologies and products will lead to an increase in the number of robots on the market. Robotic refueling systems are growing in popularity in developed countries such as the United States and Canada due to improved infrastructure as well as the need for more efficient and reliable refueling solutions.
Military and defense industries will significantly adapt these robots in the coming years, driving sales in the market. RE2 Robotics has also been awarded contracts by the US Army to develop autonomous ground vehicle refueling (AGVR) prototypes. As a whole, North America has been a key region for the growth and adoption of robotic refuelers in the market
Is the Robotic Refueling System Projected to Grow Significantly in Asia Pacific Region?
Government Initiatives and Programs to Promote Robotic Refueling System Market
| Countries | Details |
|---|---|
| China | US$ 673.6 million |
| Countries | Details |
|---|---|
| China | 42.7% |
| Countries | Details |
|---|---|
| South Korea | US$ 161.9 million |
| Countries | Details |
|---|---|
| South Korea | 41.3% |
Global robotic refueling system sales are expected to be dominated by the Asia Pacific region over the forecast period. Mining and marine & shipping industries have grown substantially in these regions, increasing demand for robotic refueling systems.
In the Asia Pacific, sales of robotic refueling systems are expected to reach US$ 1,295.4 million by 2033. Emerging markets like Asia-Pacific are expanding their fuel-handling infrastructure, increasing demand for robotic refueling systems.
China and India's growing shipping and logistics industries will result in more demand in the future. In addition, safety concerns of workers and the high demand for mining activities will likely increase demand in the coming years for robotic refueling systems.
Refueling operations are also increasingly being carried out by drones, especially in the aviation industry. Moreover, robotics companies and energy firms are collaborating more frequently in the region, which should fuel the market's growth. Overall, robotic refueling systems are increasingly being adopted and growing in the Asia Pacific region.
How do Robotic Refueling Systems Fuel Pumps Expect to grow in the Future?
The Market for Robotic Refueling Systems is Expected to be Dominated by Gasoline in the Near Future
Based on the robotic refueling system fuel pumped segment is classified into gasoline, natural gas, petrochemicals, and others. Sales of gasoline are expected to increase over the next few years. By 2033, the market is predicted to grow at a CAGR of 40.7%. The increasing number of gasoline platforms and the use of vehicles is expected to increase demand for robotic refueling systems.
Refueling operations in the military can be challenging and risky, especially in remote or hostile environments. Using robotic refueling systems, military vehicles, aircraft, and other equipment can be refueled reliably and efficiently. As a result of the deployment of these systems, logistical capabilities can be enhanced, manpower requirements can be reduced, and operational readiness can be improved.
Fully automated robotic refueling systems are offered by Autofuel and Green Fuel Technologies Corp. Using robots to refuel vehicles eliminates the need for human attendants and reduces fueling time. Asia Pacific gas stations are only beginning to install robotic refueling systems, but more stations are likely to install these systems after testing and commissioning. Though robotic refueling systems are still relatively new, they are a growing trend that is likely to gain traction in the future.
Which Application will drive the Robotic Refueling System Market in the Future?
The Mining Industry will dominate the Market for Robotic Refueling Systems
The mining robotic refueling market is predicted to dominate over the next few years. Mining is expected to grow at a CAGR of 40.6% over the next few years. Future growth of robotic refueling systems will be driven by increased investment in the mining industry.
As autonomous haulage trucks are increasingly adopted, the robotics refueling market has surged. With these systems, mining vehicles such as trucks, excavators, and other heavy equipment can be refueled with less risk, increased productivity, and reduced downtime.
Using a robotic refueling system can greatly increase the efficiency, safety, and speed of the refueling process. A reduction in costs and improved operational efficiency can be achieved through the use of this technique. It is expected that the market for robotic fueling systems will continue to grow as several companies develop systems specifically for mining. For instance, in July 2020, BHP Mitsubishi Alliance (BHA) committed approximately US$ 68 million to autonomous hauling at the Daunia coal mine.
Throughout the years, robotic manufacturers have developed new products as well as incorporated innovations and modified existing products in order to meet the requirements of a variety of applications. As one of their key strategies, robotic refueling system vendors also increase their service centers and develop customer relationships.
| Attribute | Details |
|---|---|
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Forecast Period |
2023 to 2033 |
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Historical Data Available for |
2018 to 2022 |
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Market Analysis |
US$ billion for Value |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Customization & Pricing |
Available upon Request |
By Fuel Pumped:
By Payload-carrying Capacity:
By Frequency:
By Vertical:
By Region:
To know more about delivery timeline for this report Contact Sales
Globally, the robotic refueling system market is expected to reach US$ 55.9 million by 2022.
Revenues from robotic refueling systems are expected to reach US$ 83.5 million by 2023.
By 2033, the robotic refueling system market is expected to generate US$ 2.6 billion in revenue.
The robotic refueling system market is forecast to grow at a CAGR of 40.8% in the coming years.
According to PMR, robotic refueling system sales increased by 49.6% between 2018 and 2022.
The mining industry is projected to grow by 40.6% by 2033.
Over the next few years, Japan's robotic refueling system market is expected to grow at a CAGR of 41%.
