Marine valves are mechanical component that is used to control, regulate, direct, and guide the flow of various types of liquids such as steam, gases, liquids, and any flowing agents such as grain and mill. Some of the commonly used valves are gate, globe, angle, butterfly, ball plug valves, etc. These valves are made from bronze, iron, steel, or PVC and have the capabilities to high-end pressure and temperature. Moreover, the actuator is attached to valves for monitoring pressure and flows, where two values are required to match.
The global marine actuators and valves market is estimated to account for US$ 5,710 Mn in terms of value by the end of 2030.
Market Dynamics
Rapid globalization due to increasing international trade is expected to drive the market during the forecasted period 2019-27. This is owing to rapid globalization in the last 50 years has led to increasing in international trade and culture exchange. Shipping has now become the most favored mode of transportation, owing to its low-cost and carbon efficiency as compared to other modes of transportation. As a result of this, the total number of dry cargo vessels, tankers, bulk carriers, and service vessels has increased significantly, which has played a crucial role in seaborne trade. For Instance, According to the United Nations Conference on Trade and Development (UNCTAD), around 80% of global trade by volume and 70% by value is carried by sea. According to the same source, the global commercial fleet comprised around 90,000 vessels in 2015. Moreover, the high demand for technologically advanced valves in the marine sector is also the major factor driving the global marine actuator and valves market.
Key features of the study:
- This report provides an in-depth analysis of the global marine actuators and valves market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
- It elucidates potential revenue opportunities across different segments and explains an attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
- It profiles leading players in the global marine actuators and valves market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered in the global marine actuators and valves market are AVK Holding A/S, KITZ Corporation, Watts Water Technologies, Inc., Bürkert Fluid Control Systems, Tyco International Ltd., Emerson Electric Co, Schlumberger Limited, Shearwater GeoServices Holding AS, Flowserve Corporation, Rotork Plc., and Honeywell International Inc..
- The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
- Insights from this report would allow marketers and management authorities of companies to make an informed decisions regarding future product launches, technology upgradation, market expansion, and marketing tactics
- The global marine actuators and valves market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global marine actuators and valves market.
Detailed Segmentation
- Global Marine Actuators and Valves Market, By Type:
- Global Marine Actuators and Valves Market, By Actuator:
- Pneumatic Actuators
- Hydraulic Actuators
- Manual Actuators
- Electric Actuators
- Mechanical Actuators
- Hybrid Actuators
- Global Marine Actuators and Valves Market, By Valve:
- Linear Motion Valves
- Rotary Motion Valve
- Specialty Valve
- Self-Actuated Valve
- Global Marine Actuators and Valves Market, By Vessel Type:
- Passenger Ships And Ferries
- Dry Cargo Vessels
- Tankers
- Dry Bulk Carriers
- Special Purpose Vessels
- Service Vessels
- Fishing Vessels
- Off-Shore Vessels
- Yachts
- Others
- Global Marine Actuators and Valves Market, By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Company Profiles
- AVK Holding A/S*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- KITZ Corporation
- Watts Water Technologies, Inc.
- Bürkert Fluid Control Systems
- Tyco International Ltd.
- Emerson Electric Co
- Schlumberger Limited
- Shearwater GeoServices Holding AS
- Flowserve Corporation
- Rotork Plc.
- Honeywell International Inc.
“*” marked represents similar segmentation in other categories in the respective section.
