The Europe Robotic Refueling System Market is growing along with the Electronics and Semiconductor industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
Europe Robotic refueling system market in Europe is expected to grow from US$ 3.92 Mn in 2018 to US$ 70.68 Mn by the year 2027 with a CAGR of 37.7% from the year 2019 to 2027.
Robotic refueling is an automated refueling system that uses top-of-the-line vision sensing and detection systems to help guide the nozzle to the truck’s fuel tank. When in place, this system significantly increases on-the-job project flexibility while also solving cost, productivity, and safety challenges.
Robot Refueling is an automatic refueling system that helps guide nozzles to truck fuel tanks using state-of-the-art vision sensing and detection systems. Implementing this system greatly increases the flexibility of the project you are working on, while also addressing cost, productivity, and safety challenges. Parent company SCOTT Technology has developed an innovative robotic refueling system called Robofuel. Robofuel offers the best refueling accuracy and is usually integrated with ABB or KUKA robots for optimal performance. Already used in many refueling sites, it significantly improves truck production times and efficiencies while reducing field costs.
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Robotic refueling system market by component is classified into hardware and software. The robotic refueling system market is led by the hardware component in the current scenario. The hardware segment consists of more components which are much higher in price than the software segment. Thus, hardware held the largest market share in terms of revenue. Hardware also needs replacing in the event of damage or faulty operation. However, the software can be tweaked without incurring much cost.
These factors are expected to offer broad growth opportunities in the Electronics and Semiconductor industry and this is expected to cause the demand for Robotic Refueling System assays in the market.
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Europe Robotic Refueling System – MARKET SEGMENTATION
- Gaseous Fuel
By Industry Vertical
- Aerospace and Defense
- Oil and Gas
- Rest of Europe
- ABB Ltd.
- Fanuc Corporation
- Fuelmatics AB
- Gazprom Neft PJSC
- Kuka AG
- Rotec Engineering
- Scott Technology Limited
- Shaw Development LLC
- Yaskawa Electric Corporation
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