The robotic refueling system typically refers to robotic arms which enable to specify the position and orientation of fuel tank. Furthermore, it offers broad range of attributes that includes; eliminating human intervention, reduced operational costs, scalability, reliability and improved safety. Moreover, the demand for robotic refueling system is likely to improve post COVID-19 on account of increasing safety to remove from public places such as railway station, airport and malls among others. Additionally, the increasing adoption of e-vehicles is also one of the factors fuelling the demand for robotic refueling system.
The global robotic refueling system market is an emerging market and is presumed to grow during the forecast period. The global robotic refueling market was valued USD 23 Billion in 2019 and is presumed to grow at a CAGR 47% during the forecast period. The growth is attributed to rapid surge in globalization and industrialization. Furthermore, broad range of traits offered by robotic refueling system is also one of the factors propelling the market growth.
Moreover, increasing investment in the mining industry also adds to the growth of robotic refueling system market. However, regulatory policies to ensure data safety hinder the market growth.
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Robotic Refueling System Market: Segmentation
By Fuel pumped
By Payload carrying capacity
The Middle East and Africa (MEA)
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