MARINE ACTUATORS AND VALVES MARKET ANALYSIS

Marine Actuators And Valves Market, By Type (Actuators and Valves) By Actuator (Pneumatic Actuators, Hydraulic Actuators, Manual Actuators, Electric Actuators, Mechanical Actuators and Hybrid Actuators), By Valves (Linear Motion Valves, Rotary Motion Valve, Specialty Valve and Self-Actuated Valve) 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 and Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Jan 2023
Code : CMI3724
Pages :130
Formats :
Excel and PDF
Industry : Consumer Electronics

Marine Actuators And Valves MarketSize and Trends

The global marine actuators and valves market is estimated to account for US$ 3,380 Mn in terms of value in 2021 and is expected to grow at a CAGR of 6.2% during the forecasted period 2022-30.

Figure 1: Global Marine Actuators and Valves Market Share (%), By Region, 2021

The global marine actuators and valves market was valued at US$ 3,380 Mn in 2021 and is expected to reach US$ 5,710 Mn by 2030, growing at a CAGR of 6.2% between 2022 and 2030.

Market- Trends

In December 2020, Rotork Plc. a provider of mission-critical flow control and instrumentation solutions, introduced an upgradation of the PAX Actuator by including an AC power variant of the PAX1 linear actuator which is a low-voltage, flexible actuator that is used in the remote explosion-proof location.

Figure 2: Global Marine Actuators and Valves Market (US$ Mn) Analysis and Forecast, 2022 - 2030