Press release
Global Surge in the Marine Actuators And Valves Market - Anticipated Growth from $3.83 billion in 2025 to $4.68 billion in 2029
Global Surge in the Marine Actuators And Valves Market
Current advancements in marine technology drive the global marine actuators and valves market, with a projected market growth trajectory from $3.65 billion in 2024 to $3.83 billion in 2025 at a CAGR of 4.9%. Continued growth to $4.68 billion is projected by 2029, at a CAGR of 5.2%.
What Is The Projected Market Size Of The Global Marine Actuators And Valves Market And Its Growth Rate?
• The market size of marine actuators and valves was $3.65 billion in 2024.
• The market is projected to grow to $3.83 billion by 2025 at a CAGR of 4.9%.
• By 2029, the market size is expected to reach $4.68 billion with a CAGR of 5.2%.
What Is Driving The Growth In The Marine Actuators And Valves Global Market?
The rise in global seaborne trade has significantly contributed to escalating the marine actuators and valves market. As transportation of goods by sea between various countries and regions increases, so does the demand for marine actuators and valves, which are vital for safe and effective operation of vessels. For instance, Eurostat reported that the gross weight of seaborne goods in the European Union reach 893.97 million tonnes in Q2 2022, a significant increase from 851.28 million tonnes in Q2 2021. This rise in global seaborne trade propels the growth of the marine actuators and valves market.
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Who Are the Key Players Driving Marine Actuators And Valves Global Market Report 2025 Growth?
• Honeywell International Inc.
• Rotork plc
• Emerson Electric Co.
• Curtiss-Wright Corporation
• Flowserve Corporation
• KITZ Corporation
• Watts Water Technologies Inc.
• Bürkert Fluid Control Systems
• Schlumberger Limited
• AVK Holding A/S, IMI plc
• Rockwell Automation
• Wärtsilä Oyj Abp
• Bray International Inc.
• AUMA Industry & Marine GmbH
• Moog Inc.
• KSB SE & Co. KGaA
• Bosch Rexroth AG
• Danfoss A/S
• Parker Hannifin Corporation
• Alfa Laval AB
• Weir Group plc
• Eaton Corporation plc
• Spirax-Sarco Engineering plc
• Velan Inc.
• Hitachi Ltd.
• CIRCOR International Inc.
• Samson AG
• ITT Inc.
What Are The Key Trends In The Marine Actuators And Valves Global Market Report 2025?
• Automation and smart technologies
• Fuel efficiency and emission reduction
• LNG-powered vessels
• Digital twins and simulation technologies
• Material innovation and corrosion resistance
What Are The Segments Of The Global Marine Actuators And Valves Market Report 2025?
• By Product: Valves, Actuators
• By Material: Stainless Steel, Aluminum, Alloy-Based, Other Materials
• By Mechanism: Pneumatic, Hydraulic, Electric, Hybrid, Mechanical, Manual
• By Application: Defense, Commercial
• By End User: Original Equipment Manufacturer (OEM), Aftermarket
Which Region Leads The Marine Actuators And Valves Global Market Report 2025?
Asia-Pacific was the largest region in the marine actuators and valves market in 2024. The marine actuators and valves also had a strong presence in Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Marine Actuators And Valves Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Marine Actuators And Valves Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Marine Actuators And Valves Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Marine Actuators And Valves Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Marine Actuators And Valves Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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