Marine Actuators and Valves Market Report by Product Type (Pneumatic Actuators, Hydraulic Actuators, Manual Actuators, Electric Actuators, Mechanical Actuators, Hybrid Actuators, Linear Motion Valves, Rotary Motion Valve ) by Application /End User (Passenger Ships and Ferries, Dry Cargo Vessels, Tankers, Dry Bulk Carriers, Special Purpose Vessels, Service Vessels, Fishing Vessels, Off-Shore Vessels, Yachts ) by Industry Analysis, Volume, Share, Growth, Challenges, Trends, and Forecast 2018–2026.

The global marine actuators and valves market is valued at USD 2.9 billion in 2016 and is expected to reach USD 4.81 billion by the end of 2026, growing at a CAGR of 5.2% between 2016 and 2026.
 

Marine actuators and valves play a very important role for proper control and smooth operation of the marine vessel as they are the components installed in the marine vessels. Marine actuators and valves are applied for a wide range of operation in the marine vessels. Actuators are used to convert different forms of energy into mechanical motion while valves are used to regulate the flow of fluid related to different operations in the marine vessel. Actuators and valves are used to operate various control systems of marine vessels such as navigation systems, safety systems, and auxiliary systems.
 

Marine transportation has emerged as the popular mode of transportation for international trade as it is cost-effective, more environment friendly as more carbon-efficient and allows transporting materials in bulk as compared to other modes including roads and railways. Thus, marine transportation is used as the most extensively medium for passenger and cargo transport which results in increased demand for cruises, yachts, ships, tankers, fishing vessels and cargo vessels that have boosted the overall marine actuators and valves market.
 

Asia Pacific is the largest marine actuators and valves market followed by North America. Asia Pacific will remain as the fastest growing market in forecast period. New advancements in technology, new specifications, innovative concepts, new applications and upgrading the design of actuators and valves for better performance of the marine vessels are constantly evolving in order to support new needs in marine actuators and valves is boosting this market globally. Recent technological improvements in marine vessel increased load-carrying capacity, reduce traveling time and cost and provide better safety to the passengers and cargo which will in turn boost marine actuators and valves market.
 

Global Marine Actuators and Valves Market: Competitive Analysis

Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global Marine Actuators and Valves Market:
• VK Holding A/S
• Bürkert Fluid Control Systems
• Emerson Electric Co.
• Flowserve Corporation
• Honeywell International Inc.
• KITZ Corporation
• Rotork Plc
• Schlumberger Limited
• Tyco International Ltd.
• Watts Water Technologies, Inc.
 

Geographical analysis of Marine Actuators and Valves Market :

• North America
• Europe
• China
• Japan
• Southeast Asia
• India