Market Overview:
The global marine actuators and valves market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for maritime transportation, especially in developing countries. Additionally, the increase in seaborne trade is also contributing to the growth of this market. The global marine actuators and valves market by type is segmented into pneumatic actuators, hydraulic actuators, manual actuators, electric actuators, mechanical actuators and hybrid actuation systems. The pneumatic actuation systems segment dominates the global marine actuator and valve market with a share of more than 50%. This can be attributed to their low cost as well as easy installation and maintenance.
Product Definition:
Marine actuators and valves are used to control the movement of water in ships and boats. They are important for controlling the flow of water in order to power the boat or ship, steer it, and maintain its stability.
Pneumatic Actuators:
Pneumatic actuators are used in a wide range of applications including shipbuilding, offshore drilling, pulp and paper processing, mining and civil engineering industries. Increasing demand for energy-efficient systems is expected to drive the global pneumatic actuators market over the forecast period.
The growth factor in marine actuators & valves industry can be attributed to increasing demand from oil & gas sector coupled with stringent government regulations pertaining to emission control standards along with growing environmental concerns globally.
Hydraulic Actuators:
Hydraulic actuators and valves are used in the marine industry for operating equipment such as cranes, hoists, elevators & pumps. The demand for hydraulic actuators and valves is expected to witness significant growth over the forecast period owing to its use in a wide range of applications including shipbuilding industries.
Application Insights:
Passenger ships and ferries was the largest application segment in 2017, accounting for over 40% of the overall market. The growth can be attributed to increasing demand from cruise liners and luxury liner companies. Marine actuators are used in passenger ships and ferries for maneuvering purposes, including turning, going astern or ahead at a desired speed as well as rudder position control while docking or undocking vessels.
Dry cargo vessel is expected to be the fastest-growing application segment during forecast years owing to rising demand from Asia Pacific region where dry bulk carriers operate across various ports on a regular basis. These types of vessels are characterized by large capacity holds that allow them to carry heavy loads even though they are sailing short distances between ports.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing foreign investments coupled with rising industrial activities. China, India, South Korea, Japan are some of the prominent markets in this region.
The growing demand for oil & gas across emerging economies such as China and India is anticipated to drive industry expansion over the next eight years. In addition, factors such as increasing government spending on marine infrastructure development along with rising awareness regarding maritime safety & security are likely to support regional growth during the same period.
Europe was valued at USD X billion in 2017 owing to high product demand from countries including Germany.
Growth Factors:
- Increasing demand for marine actuators and valves in the oil and gas industry as a result of increasing exploration and production activities
- Rising demand from the defense sector for submarine actuators and valves
- Growing popularity of remotely operated vehicles (ROVs) that use marine actuators and valves for various applications such as underwater inspection, salvage operations, etc.
- Increasing investments in maritime infrastructure development projects worldwide
- Proliferation of new technologies such as smart valves that are equipped with sensors to detect various parameters such as pressure, temperature, etc., helping optimize performance of marine actuators and valves
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Actuators and Valves Market Research Report
By Type
Pneumatic Actuators, Hydraulic Actuators, Manual Actuators, Electric Actuators, Mechanical Actuators, Hybrid Actuators, Linear Motion Valves, Rotary Motion Valve, Others
By Application
Passenger Ships and Ferries, Dry Cargo Vessels, Tankers, Dry Bulk Carriers, Special Purpose Vessels, Service Vessels, Fishing Vessels, Off-Shore Vessels, Yachts
By Companies
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.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Marine Actuators and Valves Market Report Segments:
The global Marine Actuators and Valves market is segmented on the basis of:
Types
Pneumatic Actuators, Hydraulic Actuators, Manual Actuators, Electric Actuators, Mechanical Actuators, Hybrid Actuators, Linear Motion Valves, Rotary Motion Valve, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Ships and Ferries, Dry Cargo Vessels, Tankers, Dry Bulk Carriers, Special Purpose Vessels, Service Vessels, Fishing Vessels, Off-Shore Vessels, Yachts
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 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.
Highlights of The Marine Actuators and Valves Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pneumatic Actuators
- Hydraulic Actuators
- Manual Actuators
- Electric Actuators
- Mechanical Actuators
- Hybrid Actuators
- Linear Motion Valves
- Rotary Motion Valve
- Others
- By Application:
- Passenger Ships and Ferries
- Dry Cargo Vessels
- Tankers
- Dry Bulk Carriers
- Special Purpose Vessels
- Service Vessels
- Fishing Vessels
- Off-Shore Vessels
- Yachts
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Marine Actuators and Valves Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Marine actuators and valves are devices that allow a vessel to move through water. Marine actuators are used to open and close ports, adjust the angle of a rudder, or control the speed of a propeller. Valves allow seawater to enter or leave vessels in order to maintain their balance.
Some of the key players operating in the marine actuators and valves market are VK Holding A/S, B¼rkert Fluid Control Systems, Emerson Electric Co., Flowserve Corporation, Honeywell International Inc., KITZ Corporation, Rotork Plc, Schlumberger Limited, Tyco International Ltd., Watts Water Technologies, Inc..
The marine actuators and valves market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Marine Actuators and Valves Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Marine Actuators and Valves Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Marine Actuators and Valves Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Marine Actuators and Valves Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Marine Actuators and Valves Market Size & Forecast, 2018-2028 4.5.1 Marine Actuators and Valves Market Size and Y-o-Y Growth 4.5.2 Marine Actuators and Valves Market Absolute $ Opportunity
Chapter 5 Global Marine Actuators and Valves Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Marine Actuators and Valves Market Size Forecast by Type
5.2.1 Pneumatic Actuators
5.2.2 Hydraulic Actuators
5.2.3 Manual Actuators
5.2.4 Electric Actuators
5.2.5 Mechanical Actuators
5.2.6 Hybrid Actuators
5.2.7 Linear Motion Valves
5.2.8 Rotary Motion Valve
5.2.9 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Marine Actuators and Valves Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Marine Actuators and Valves Market Size Forecast by Applications
6.2.1 Passenger Ships and Ferries
6.2.2 Dry Cargo Vessels
6.2.3 Tankers
6.2.4 Dry Bulk Carriers
6.2.5 Special Purpose Vessels
6.2.6 Service Vessels
6.2.7 Fishing Vessels
6.2.8 Off-Shore Vessels
6.2.9 Yachts
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine Actuators and Valves Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Marine Actuators and Valves Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Marine Actuators and Valves Analysis and Forecast
9.1 Introduction
9.2 North America Marine Actuators and Valves Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Marine Actuators and Valves Market Size Forecast by Type
9.6.1 Pneumatic Actuators
9.6.2 Hydraulic Actuators
9.6.3 Manual Actuators
9.6.4 Electric Actuators
9.6.5 Mechanical Actuators
9.6.6 Hybrid Actuators
9.6.7 Linear Motion Valves
9.6.8 Rotary Motion Valve
9.6.9 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Marine Actuators and Valves Market Size Forecast by Applications
9.10.1 Passenger Ships and Ferries
9.10.2 Dry Cargo Vessels
9.10.3 Tankers
9.10.4 Dry Bulk Carriers
9.10.5 Special Purpose Vessels
9.10.6 Service Vessels
9.10.7 Fishing Vessels
9.10.8 Off-Shore Vessels
9.10.9 Yachts
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Marine Actuators and Valves Analysis and Forecast
10.1 Introduction
10.2 Europe Marine Actuators and Valves Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Marine Actuators and Valves Market Size Forecast by Type
10.6.1 Pneumatic Actuators
10.6.2 Hydraulic Actuators
10.6.3 Manual Actuators
10.6.4 Electric Actuators
10.6.5 Mechanical Actuators
10.6.6 Hybrid Actuators
10.6.7 Linear Motion Valves
10.6.8 Rotary Motion Valve
10.6.9 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Marine Actuators and Valves Market Size Forecast by Applications
10.10.1 Passenger Ships and Ferries
10.10.2 Dry Cargo Vessels
10.10.3 Tankers
10.10.4 Dry Bulk Carriers
10.10.5 Special Purpose Vessels
10.10.6 Service Vessels
10.10.7 Fishing Vessels
10.10.8 Off-Shore Vessels
10.10.9 Yachts
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Marine Actuators and Valves Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Marine Actuators and Valves Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Marine Actuators and Valves Market Size Forecast by Type
11.6.1 Pneumatic Actuators
11.6.2 Hydraulic Actuators
11.6.3 Manual Actuators
11.6.4 Electric Actuators
11.6.5 Mechanical Actuators
11.6.6 Hybrid Actuators
11.6.7 Linear Motion Valves
11.6.8 Rotary Motion Valve
11.6.9 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Marine Actuators and Valves Market Size Forecast by Applications
11.10.1 Passenger Ships and Ferries
11.10.2 Dry Cargo Vessels
11.10.3 Tankers
11.10.4 Dry Bulk Carriers
11.10.5 Special Purpose Vessels
11.10.6 Service Vessels
11.10.7 Fishing Vessels
11.10.8 Off-Shore Vessels
11.10.9 Yachts
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Marine Actuators and Valves Analysis and Forecast
12.1 Introduction
12.2 Latin America Marine Actuators and Valves Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Marine Actuators and Valves Market Size Forecast by Type
12.6.1 Pneumatic Actuators
12.6.2 Hydraulic Actuators
12.6.3 Manual Actuators
12.6.4 Electric Actuators
12.6.5 Mechanical Actuators
12.6.6 Hybrid Actuators
12.6.7 Linear Motion Valves
12.6.8 Rotary Motion Valve
12.6.9 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Marine Actuators and Valves Market Size Forecast by Applications
12.10.1 Passenger Ships and Ferries
12.10.2 Dry Cargo Vessels
12.10.3 Tankers
12.10.4 Dry Bulk Carriers
12.10.5 Special Purpose Vessels
12.10.6 Service Vessels
12.10.7 Fishing Vessels
12.10.8 Off-Shore Vessels
12.10.9 Yachts
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Marine Actuators and Valves Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Marine Actuators and Valves Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Marine Actuators and Valves Market Size Forecast by Type
13.6.1 Pneumatic Actuators
13.6.2 Hydraulic Actuators
13.6.3 Manual Actuators
13.6.4 Electric Actuators
13.6.5 Mechanical Actuators
13.6.6 Hybrid Actuators
13.6.7 Linear Motion Valves
13.6.8 Rotary Motion Valve
13.6.9 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Marine Actuators and Valves Market Size Forecast by Applications
13.10.1 Passenger Ships and Ferries
13.10.2 Dry Cargo Vessels
13.10.3 Tankers
13.10.4 Dry Bulk Carriers
13.10.5 Special Purpose Vessels
13.10.6 Service Vessels
13.10.7 Fishing Vessels
13.10.8 Off-Shore Vessels
13.10.9 Yachts
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Marine Actuators and Valves Market: Competitive Dashboard
14.2 Global Marine Actuators and Valves Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 VK Holding A/S
14.3.2 Bürkert Fluid Control Systems
14.3.3 Emerson Electric Co.
14.3.4 Flowserve Corporation
14.3.5 Honeywell International Inc.
14.3.6 KITZ Corporation
14.3.7 Rotork Plc
14.3.8 Schlumberger Limited
14.3.9 Tyco International Ltd.
14.3.10 Watts Water Technologies, Inc.