Asia Pacific held a dominant position in the global marine actuators and valves market in 2021
Asia Pacific region dominated the global marine actuators and valves market in 2021, accounting for a 42.1% share in terms of value, followed by North America and Europe respectively.
Asia Pacific region is a leading market in terms of revenue in 2021 and is expected to hold its dominant position over the forecast period. The market growth in these regions is attributed to the growing automotive industry coupled with rising pollution. For instance, marine actuators and valves are majorly used for flow control and on/off operations in applications such as fuel and propulsion systems in Ships, which is expected to drive demand for Marine Actuators and Valves Market over the forecast period.
Marine Actuators And Valves Market Report Snapshots
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients