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

Regional Analysis

North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa

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.