Marine Actuators and Valves Market (1)

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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), and by Region (North America, Europe,
  Asia Pacific, and Latin America, Middle East
  Africa) - Size, Share, Outlook, and Opportunity
  Analysis, 2019 - 2027

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Market Overview Dynamics

• The global marine actuators and valves market is
  estimated to account for US 3.13 Bn in terms of
  value in 2019 and is expected to grow at a CAGR
  of 5.9 during the forecasted period 2019-27.
• Rapid globalization due to increasing
  international trade is expected to drive growth
  of the global marine actuators and valves market
  during the forecast period

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Figure 1. Analysis By Region
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• Market Dynamics Restraints
• Low energy efficiency of pneumatic actuators is
  expected to hamper the global marine actuators
  and valves market growth over the forecast period
• Presence of stringent regulatory policies are
  expected to restrain growth of the global marine
  actuators and valves market during the forecast
  period

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Market Opportunities

• Increasing investments in the oil and gas sector
  can present lucrative growth opportunities
• High growth in inland waterways is expected to
  provide major business opportunities

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Figure 2. Market Opportunity Analysis
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Figure .3 Market Share
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Market Trends

• Growing preference for electric actuators over
  hydraulic actuators
• Rising adoption of dry bulk carriers in marine
  transportation

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Competitive Section

• Key companies involved 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.

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