Marine Actuator and Valves Market worth $4.2 billion by 2025 - PowerPoint PPT Presentation

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Marine Actuator and Valves Market worth $4.2 billion by 2025

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The global marine actuators and valves market size is projected to grow from USD 3.2 billion in 2019 to USD 4.2 billion by 2025, at a CAGR of 4.7% from 2019 to 2025. – PowerPoint PPT presentation

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Title: Marine Actuator and Valves Market worth $4.2 billion by 2025


1
Marine Actuator and Valves Market worth 4.2
billion by 2025 According to the research
report "Marine Actuators and Valves Market by
Component, End User (OEM, Aftermarket),
Mechanism (Pneumatic, Hydraulic, Electric,
Mechanical, Hybrid), Application, Product
(Actuators, Valves), Design Characteristics,
Material, and Region - Global Forecast to 2025",
The global marine actuators and valves market
size is projected to grow from USD 3.2 billion
in 2019 to USD 4.2 billion by 2025, at a CAGR of
4.7 from 2019 to 2025. The marine valves market
is projected to grow from USD 1.5 billion in 2019
to USD 2.0 billion by 2025, at a CAGR of 5.0
from 2019 to 2025. The marine actuators market
is projected to grow from USD 1.7 billion in
2019 to USD 2.3 billion by 2025 at a CAGR of
4.6.The growth of the market can be attributed
to increasing seaborne trade, a rise in the
procurement of advanced naval vessels, and
ongoing upgrades to existing systems in developed
countries. Download PDF Brochure https//www.mar
ketsandmarkets.com/pdfdownloadNew.asp?
id206171286 Based on the platform, the
commercial segment is projected to lead the
marine actuators and valves market during the
forecast period. Based on the platform, the
market is projected to be led by the commercial
segment from 2019 to 2025. This segment is
expected to grow during the forecast period due
to a higher demand for voyage travel and seaway
transportation. Countries such as China, Japan,
and South Korea are major manufacturers of
cargos ships and the US is one of the major
manufacturers of motorboats. Marine actuators
and marine valves are the key
2
components of the commercial ships such as bulk
carriers, containers, tankers, general cargo
vessels, cruise ships, and yachts. The fuel and
propulsion systems segment is projected to lead
the marine actuators and valves market from 2019
to 2025. Based on the application, the fuel and
propulsion systems segment is estimated to
account for the largest share of the marine
actuators and valves market during the forecast
period. Growth in this segment can be attributed
to the growing ship manufacturing in Asia
Pacific, which will lead to an increased demand
for marine actuators and marine valves for
various fuel and propulsion systems applications
such as water treatment plant, heat exchangers,
fuel tanks, water separation system, fuel flow
control, boilers, air dampers, steam
superheaters, turbines, condensers, and
generators, among others. Marine valves are
generally offers on/off and flow control
functionalities in different marine applications
which are operated majorly by marine actuators
and some of these marine valves are operated
manually. The OEM segment is projected to lead
the marine actuators and valves market from 2019
to 2025. Based on the end-user, the OEM segment
is estimated to account for the largest share of
the market during the forecast period. Growth in
this segment can be attributed to the demand for
marine actuators and marine valves is directly
proportional to the ship orders and upgrade
request. Increasing demand for commercial
vessels, such as containers, bulk carriers,
tankers, and general carriers across the world,
is leading to increased manufacturing on new
ships, which, in turn, would increase the demand
for marine actuators and marine valves during the
forecast period.
3
A few of the prominent manufacturer of marine
actuators and marine valves for OEM segment
include Moog Inc. (US), AVK Group (Denmark),
Honeywell International Inc. (US), Emerson (US),
Rotork (UK) and Curtis-Wright Corporation (US).
In June 2019, Burkert Fluid Control Systems
optimized the diaphragm contact surface in the
valve seat and at the pressure piece of its
diaphragm valves to enhance its process
reliability and reduction in energy
consumption. Asia Pacific is projected to be a
high growth potential market for marine
actuators and valves during the forecast
period. The marine actuator and valves market in
Asia Pacific is projected to grow at the highest
CAGR during the forecast period. Asia Pacific
has the largest share for commercial ship
manufacturing, followed by Europe and North
America. Increasing demand for commercial
vessels such as containers, bulk carriers,
tankers and general cargo vessels across the
globe is leading to increased manufacturing of
new ships which will result in continuous demand
for marine actuators and marine valves during the
forecast period. According to UNCTAD, China,
South Korea and Japan accounted for the maximum
share for delivering commercial ships such as
containers, bulk carriers, tankers and other
cargo vessels in 2017. Major players in the
marine actuator and marine valves market are
Curtis-Wright (US), Burkert Fluid Control Systems
(Germany), Flowserve Corporation (US), IMI Plc.
(UK), Cameron (US), KITZ Corporation (Japan),
Diakont (US), AUMA Group (Germany), MOOG (US),
AVK Group (Denmark), Emerson Electric Co. (US),
Honeywell (US), Wartsila Corporation (US), and
Rotork (US), among others. Dont miss out on
business opportunities in Marine Actuators and
Valves Market. Speak to our analyst and gain
crucial industry insights that will help your
business grow.
4
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