Automated mooring systems maximize berth utilization and improve port operations efficiency. It increases the operational window for product transfer across a wider variety of berthing and environmental conditions, enhances safety, reduces resource and space requirements, requires less time to moor vessels, and reduces infrastructure investment to boost berthing capacity. The use of an automated mooring system lowers CO2 emissions, fuel consumption, and docking time. It also removes unused berth space between ships and at the quay's terminus.
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Oil and Gas Industry to Drive Global Automated Mooring System Market
The need for automated mooring systems in the global market is mostly driven by the oil and gas industry. Furthermore, rising investments in emerging economies with proven oil and gas reserves are expected to drive up demand for automated mooring systems in the near future. Also, rising subsea exploration and production operations in Latin America, the Middle East, and Africa are expected to add to the expanding demand for automated mooring systems.
Vacuum Mooring Segment to Ensure a Major Share of the Overall Growth for the Automated Mooring System Market
With the increasing demand for efficient and safe operations, the market for automated mooring systems is expanding. The growing preference for technologically advanced solutions to improve drilling capability in both deep and ultra-deep water is expected to drive demand for automated mooring systems. Improved cargo handling operations, reduced waiting time (leading in shorter port stays), and effective terminal use are all benefits of the automated mooring system. Furthermore, the installation of an automated mooring system necessitates the deployment of fewer employees (maximum of 2) in order to ensure seamless operation.
The global automated mooring market is classified into two types: vacuum mooring and magnetic mooring. Due to its capacity to improve operating efficiency and safety, vacuum mooring is one of the most widely utilized mooring systems. It employs hydraulic and vacuum technology to eliminate mooring lines and improve the berthing process' efficiency.
Global Automated Mooring System Market Projected to be Dominated by North America
North America, Latin America, Europe, Japan, Asia Pacific except Japan (APEJ), and the Middle East and Africa make up the global automated mooring system market (MEA). During the forecast period, the Asia Pacific region, led by India and China, is expected to see considerable expansion in the global automated mooring system market. The discovery of oil and gas offshore Australia, in the South China Sea, and elsewhere is expected to increase demand for these automated mooring systems.
Furthermore, North America is expected to dominate the worldwide automated mooring system market. Drilling and subsea exploration are projected to increase in the near future due to increased energy demand. Arrival of new market participants and increasing water exploration investments, are expected cause the European area to grow significantly. Furthermore, due to Africa's liberal regulatory policies, the continent is expected to attract more investment in the near future.
TTS Group ASA, Cavotec SA, MacGregor (Cargotec Corporation), Trelleborg Marine and Infrastructure, and Mampaey Offshore Industries C-Quip are among the leading firms in the global automated mooring market.
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