North America Robotic Refueling System Market Research, Application, Type and Future Growth Scenario
This study offers a comprehensive, 360 degree analysis on the North America Robotic Refueling System Market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global North America Robotic Refueling System Market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Driving factors such as low cost of operation and flexibility of dispensing different fuels anticipated to have a medium impact on the development of robotic refueling system for the next two years, however, in the next five to ten years, this factor is expected to have high impact on the market owing to the advancement of autonomous vehicle. Robotic refueling system in the short term which is of two years is going to have low impact in the market. However, over the next five years with the advent of autonomous mining activities is expected to have medium impact in the robotic refueling system market and its impact is expected to grow over the next ten years. Security concerns is expected to have medium impact in the robotic refueling systems market growth in the short term. However, by mid and high term, its impact is expected to decrease allowing the robotic refueling system market to grow more independently.
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Robotic Refueling System Market - Companies Mentioned
- ABB Ltd.
- Fanuc Corporation
- Fuelmatics AB
- Gazprom Neft PJSC
- Kuka AG
- Neste
- Rotec Engineering
- Scott Technology Limited
- Shaw Development LLC
- Yaskawa Electric Corporation
Robotic refueling system market by industry vertical is classified into aerospace and defense, automotive, construction, oil and gas, mining, and others. Aerospace and defense is the largest industry vertical of robotic refueling system market owing to various numbers of pilot projects in the U.S. and other countries across the globe. Wrong fueling of aircraft has resulted in major accidents in the past all occurred due to human negligence. To reduce such kind of accidents, robotic refueling system projects have been put into place to negate the error of wrong fueling. The automotive industry is the second largest industry vertical for robotic refueling system. The general notion of a robotic refueling system is to provide augmented service through robotics and therefore increasing sales and market shares. Refueling automation will disrupt the idea of refueling forever. It’s cleaner faster and more environmentally friendly.
The US dominated the robotic refueling system market in 2018 and is expected to dominate the market with the highest share in the North America region through the forecast period. The US is an economically advanced country and therefore hosts a continuous improvement in various technologies and infrastructure. As per the America First Energy Plan, the government of the country would be embracing gas and shale oil revolution to bring prosperity and jobs to the majority of Americans. On the other hand, in July 2017, the US Army Aviation and Missile Research, Development and Engineering Center revealed AR3P (Autonomous and Robotic Remote Refueling Point) project.
NORTH AMERICA ROBOTIC REFUELING SYSTEM MARKET SEGMENTATION
By Fuel
- Gaseous Fuel
- Gasoline
- Diesel
- Others
By Component
- Hardware
- Software
By Industry Vertical
- Aerospace and Defense
- Automotive
- Construction
- Oil and Gas
- Mining
- Others
By Country
- US
- Canada
- Mexico
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