Press release
Marine Actuators And Valves Market Size Projected To Reach $4.68 Billion By 2034 With A Cagr Of 5.2%
Marine Actuators And Valves
What Is the Projected Growth of the Marine Actuators And Valves Market?
The Marine Actuators And Valves Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Marine Actuators And Valves Market?
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What Are the Different Marine Actuators And Valves Market Segments?
The marine actuators and valves market covered in this report is segmented -
1) By Product: Valves, Actuators
2) By Material: Stainless Steel, Aluminum, Alloy-Based, Other Materials
3) By Mechanism: Pneumatic, Hydraulic, Electric, Hybrid, Mechanical, Manual
4) By Application: Defense, Commercial
5) By End User: Original Equipment Manufacturer (OEM), After market
Subsegments:
1) By Valves: Ball Valves, Gate Valves, Globe Valves, Butterfly Valves, Check Valves
2) By Actuators: Electric Actuators, Hydraulic Actuators, Pneumatic Actuators, Manual Actuators
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What Are the Primary Drivers Shaping the Marine Actuators And Valves Market?
The rise in worldwide maritime commerce is projected to fuel the expansion of the marine actuators and valves market. Maritime commerce denotes the conveyance of goods by sea, either between various nations or regions, and includes both the dispatched and received goods. In different types of systems on ships, marine actuators and valves are instrumental in governing the flow pressure of fluids, and in transforming energy into control motion to stop or sustain any object on the ship. For example, as reported by Eurostat, the government agency based in Luxembourg, in July 2024, the gross weight of maritime goods in the European Union surged to 893.97 million tonnes in the second quarter of 2022, a substantial increase from 851.28 million tonnes in the same quarter of the previous year. Hence, the escalating global maritime trade is triggering the growth of the marine actuators and valves market.
Which Companies Are Leading in the Marine Actuators And Valves Market?
Major companies operating in the marine actuators and valves market include 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 Major Trends Shaping the Marine Actuators And Valves Market?
The adoption of new technologies is a notable trend gaining traction in the marine actuators and valves market. Businesses in this sector are embracing cutting-edge technologies to retain their market standing. As an illustration, W&O Supply, a maritime fittings supplier based in the US, introduced a digital marine valve management service in June 2022. This service utilizes radio frequency identification technology (RFID) and aids operators in identifying data regarding the various valves they have onboard, thus preventing any potential operational delays.
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What Are the Top Revenue-Generating Geographies in the Marine Actuators And Valves Market?
Asia-Pacific was the largest region in the marine actuators and valves market in 2024. The regions covered in the marine actuators and valves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Marine Actuators And Valves Market?
2. What is the CAGR expected in the Marine Actuators And Valves Market?
3. What Are the Key Innovations Transforming the Marine Actuators And Valves Industry?
4. Which Region Is Leading the Marine Actuators And Valves Market?
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