Global Automated Mooring Market was valued US$ xx Bn. in 2019 and the total revenue is expected to grow at 4.02% through 2019 to 2027, reaching US$ xx Bn.
Global Automated Mooring Market
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Automated mooring expands the product transmission operational window through a greater range of berthing and environmental situations, lowers resource and space requirements, improves safety, demands less time to moor vessels and can reduce infrastructure investment to upsurge berthing capacity. Automated mooring system decreases fuel consumption, CO2 emissions, and docking time.
The automated mooring market dynamics are thoroughly studied and explained in the MMR report, which helps to understand emerging market trends, drivers, restraints, opportunities, and challenges at the global and regional level for the automated mooring market. The global market for automated mooring system is largely driven by demand from the oil and gas industry. Growing subsea exploration and production activities in MEA and South America region is further expected to contribute towards the rising demand for the market for automated mooring.
On the other hand, the market for automated mooring is facing certain challenges such as, lack of technical knowledge, crude environment situations under the sea and high investments, which may hinder the growth of the global market, during 2019-2027.
By type, vacuum mooring segment was valued US$ xx Mn. in 2019 and is expected to reach US$ xx Mn. by 2027 at a CAGR of 30% over the forecast period. Vacuum mooring is one of the most widely used mooring types because of its ability to improve safety levels and enhance operational efficiency. It uses vacuum and hydraulic technology to remove mooring lines and upsurge the efficiency of the berthing process. By application, cargo segment is expected to grow at the highest xx% CAGR during forecast period thanks to rising in investments in the marine industry and growing demand for an affordable and efficient mode of transporting goods. The MMR report will provide an accurate prediction of the contribution of the various segments to the growth of the automated mooring market size.
In recent years, major players in the automated mooring market have taken several strategic measures, like facility expansions and partnerships. Trelleborg’s latest invention in automated mooring systems improves berth utilization and provides higher efficiencies in port operations.
In 2019, the total revenue of MacGregor (Cargotec Corporation) was US$ xx Bn. The MacGregor (Cargotec Corporation) has developed the mooring solution that will allow the global first autonomous container ship, Yara Birkeland, to assume mooring operations without human intervention. This inventive and fully electrical system upsurges eco-efficiency and safety compared with predictable mooring operations.
By region, North America accounted for the largest automated mooring market share in 2019, with a market value of US$ xx Mn; the regional market is expected to register a CAGR of 10% during 2019-2027. This is attributed to the growing demand for energy is expected to increase the drilling activities and subsea exploration in forecast period.
Furthermore, Europe is likely to display a significant growth in the automated mooring market during 2019-2027 thanks to the entry of new market players in the EU coupled with rising water exploration investments.
The objective of the report is to present a comprehensive analysis of the Global Automated Mooring Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Automated Mooring Market dynamics, structure by analyzing the market segments and projects the Global Automated Mooring Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Automated Mooring Market make the report investor’s guide.
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Global Automated Mooring Market, By Type
• Vacuum Mooring
• Magnetic Mooring
Global Automated Mooring Market, By Application
Global Automated Mooring Market, By Region
• Asia Pacific
Rest of Asia
• North America
• South America
Rest of South America
• Middle East Africa
Rest of MEA
Key players operating in Global Automated Mooring Market
• Cavotec SA
• Trelleborg Marine and Infrastructure
• TTS Group ASA
• MacGregor (Cargotec Corporation)
• Mampaey Offshore Industries
• ZAD Marine
• Delmar Systems
• Offspring International
• SBM Offshore
• BW Offshore
• Timberland Equipment
• National Oilwell Varco
• Usha Martin
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