The robotic refueling system market is expected to grow from USD 25 million in 2019 to USD 2.2 billion by 2030, at a CAGR of 50.0% during forecast period. Increasing requirement for low-cost operations in the mining vertical, and the need to improve security & safety during fuel dispensation are the key factors driving the growth of the market. One of the major restraints for the growth of the market is the legal and safety regulations. The increasing adoption of autonomous technology is one of the important opportunities for the growth of the robotic refueling system market. A challenge faced by the key players in the market is the replacement of manual caps with automated fuel caps.
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Scott Technology Ltd. (New Zealand) is one of the rapidly growing organizations within the market. The company specializes in designing and manufacturing robotics and process machinery and providing automated facility globally. Scott Technology Ltd. has its manufacturing facilities in New Zealand, Australia, the USA, Germany, and China supplying equipment in over 75 countries. It has adopted organic and inorganic growth strategies to become a global enterprise. In 2018, the company announced the acquisition of Alvey Group (Belgium) and Transrobotics Corporation (US). In April 2018, RobotWorx, a division of Scott Technology, expanded its business operation in the Australian robotic market.
Fuelmatics AB (Sweden) is one of the fastest growing organizations in the robotic refueling system market. The company adopted organic growth strategies through the introduction of technologically advanced and innovative product lines. For instance, in June 2018, Fuelmatics received its first order for its Fuelmatics 5000 units from the US-based oil company with a network of fuel stations across various states of the US. The new Fuelmatics 5000 is an improved system with smartphone payment capability, compact design, and higher operating speed. The company has dedicated research and development facilities for designing and developing innovative technologies. The company has offices and operational facilities in Europe and North America.
ROTEC Engineering B.V. (Netherlands) is one of the pioneers in manufacturing robotic refueling systems. It provides a few of the most advanced robotic refueling systems for the mining sector across the world. The company has mainly adopted business strategies such as greater geographic reach and increased industry coverage to expand its business worldwide. It has state-of-the-art innovation centers for the development and designing of technologically advanced and innovative products. The company offers its autonomous systems through ROTEC Special Projects B.V for the agriculture, automotive, and mining verticals.
Robotic Refueling System Market by Fuel Pumped (Gasoline, Natural Gas, Petrochemicals), Payload-carrying Capacity (Up to 50 kg, 50–100 kg, 100–150 kg), Vertical (Automotive, Mining, Oil & Gas, Aerospace,) and Geography - Global forecast 2030
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