Asia Pacific Robotic Refueling System Market

Robotic refueling system market in the Asia Pacific is expected to grow from US$ 1.68 Mn in 2018 to US$ 24.06 Mn by the year 2027 with a CAGR of 36.1% from the year 2019 to 2027.

The mining industry to ensure robotic refueling systems formidable growth rate, which in turn is anticipated to propel the robotic refueling system market. In addition, the flexibility of dispensing different fuels and low cost of operation is going to act as a catalyst for the robotic refueling system market growth. Moreover, the emergence of AI-based autonomous cars is anticipated to offer significant growth opportunities for the robotic refueling system market in the forecast period. For decades, fuel pumps have been operated by humans, thus, raising the total operational cost of managing the store and the pump. An operator has already been assigned for the task of fueling and managing the monetary operations. A robotic fueling station would eliminate the need for a human to potentially dangerous petrochemical fumes, avoiding driver’s exposure to extreme cold or hot temperatures during fueling, and reducing the labor costs associated with full-service fueling stations. Additionally, fueling a diesel car with petrol or vice versa has always been the most careless mistake while refueling. Robotic refueling systems eliminate the chances of wrong fuelling accidents as each vehicle would have an RFID tag which would inform the refueling station regarding the type of fuel used such as petrol, diesel, or natural gas.

Robotic refueling system market by fuel is classified into gaseous fuel, gasoline, diesel, and others. Gasoline segment of robotic refueling system market led the market in 2018 and is expected to continue its dominance during the forecast period. Emission of harmful greenhouse gasses from gasoline engine after combustion, is considered to be the major factor contributing to the unpopularity of gasoline powered vehicles. It is expected that electric vehicle is going to replace much of the gasoline vehicle during the forecast period from 2019 - 2027 Thus, in the near future during the forecast period, it is expected that other clean energy sources such as gaseous fuels and electric is going to substitute for gasoline powered vehicle. However, the application of diesel powered vehicle cannot be replaced by other fuel type owing to a diesel engine’s low power to weight ration and low end torque. Thus all medium and heavy commercial vehicle along with off-highway trucks and machineries are expected to be powered by diesel.

The China dominated the robotic refueling system market in 2018 and is expected to dominate the market with the highest share in the Asia Pacific region through the forecast period. China has increasingly evolved as the second leading crude oil consumer and has ranked fifth in the world in terms of production. The oil & gas market is dominated by the local oil companies that contribute to over 75% of the production. Growing oil & gas industry is expected to increase the adoption of robotic refueling system as it helps the workers to stay far from the stations and reduces human intervention. On the other hand, China aims to be a moderately prosperous society in every aspect, including space technology. Therefore, the country was projected to launch 100 satellites by 2025. For this step, China invested a massive amount in making its own space station by 2022. Such investment by the country towards making the infrastructure fully automated will also require a robotic refueling system. The country projects to be fully developed, rich, and powerful nation by leading in innovation, outer space, and artificial intelligence. The figure given below highlights the revenue share of the Rest of Asia Pacific in the robotic refueling system market in the forecast period:

Rest of Asia Pacific Robotic Refueling System Market Revenue and Forecasts to 2027 (US$ Mn)

Asia Pacific Robotic Refueling System Strategic Insights

Strategic insights for the Asia Pacific Robotic Refueling System provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia Pacific Robotic Refueling System Report Scope

Asia Pacific Robotic Refueling System Regional Insights

The geographic scope of the Asia Pacific Robotic Refueling System refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

ASIA PACIFIC 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

• China
• Japan
• South Korea
• Australia
• India
• Rest of APAC

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