Market Overview:
The global marine valves and actuators market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for marine valves and actuators from various end-use industries, such as passenger ships, fishing boats, pleasure boats, goods transport ships, and others. Additionally, the growing awareness about the benefits of using marine valves and actuators is also contributing to the growth of this market.
Product Definition:
Marine valves and actuators are used to control the flow of water in a ship's engine room. They are important for maintaining the engine's proper function and preventing corrosion.
Marine Valves:
Marine valves are used in the oil & gas industry to control and monitor fluid flow from one place to another. They can be opened or closed by controlling the pressure on the stem, which is operated by a handle or lever. The basic operation of a valve consists of two steps: opening and closing.
Marine Actuators:
The actuators are the mechanical systems that move the valves and perform other functions in ships. They are used to control water flow through pipes or tubes, opening and closing ports, controlling fans, operating machinery & equipment in a ship. The marine actuators market is driven by factors such as increasing demand for oil products along with growing trade of goods between countries which results into increased number of ships across the globe.
Application Insights:
The others application segment includes commercial ships, government ships, and military vessels. The demand for marine valves and actuators is expected to be high in this segment as these vessels are used across various industries including oil & gas, chemical, energy, shipping among others.
Passenger ship application accounted for the largest market share in 2017 owing to the growing tourism industry across various regions coupled with increasing passenger travel by cruise liners is anticipated to drive product demand over the forecast period. In addition, these vessels are used extensively for transatlantic crossings which further drives their usage rate globally. Latin America has been witnessing significant growth in terms of tourist arrivals which is likely to positively influence market growth over the forecast period.
Fishing boats are small coastal fishing craft that operate from shore based piers or jetties at low tide or when weather conditions do not permit operating from shore at all times of year (at least during summer).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the largest shipbuilding hubs, such as China, South Korea, Japan and India. Moreover, countries such as Singapore and Indonesia are also emerging as strong maritime nations with a well-established shipbuilding sector. These factors are anticipated to augment regional growth over the forecast period.
Europe was estimated at USD X million in 2017 owing to high demand from passenger ships application segment mainly driven by Germany and Italy which accounted for around 25% of total demand that year. However, sluggish economic growth along with stringent environmental regulations have hampered industry expansion over recent years; however it has started growing again since 2016 on account of new build vessels being put into service or taken out of drydock for refurbishing/renovation work (Ref: World Shipping Council).
Growth Factors:
- Increasing demand for marine valves and actuators in the oil and gas industry as a result of increasing exploration and production activities
- Rising demand for ball valves in the water management sector due to their ability to handle high pressure and temperature fluctuations
- Growing popularity of electric actuators in the maritime industry as they are energy efficient and offer longer service life than pneumatic actuators
- Proliferation of smart valve technologies that enable real-time monitoring and control of valve operations
- Increasing investments by governments in port infrastructure development projects
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Valves and Actuators Market Research Report
By Type
Marine Valves, Marine Actuators
By Application
Passenger Ships, Fishing Boats, Pleasure Boats, Goods Transport Ships, Others
By Companies
AVK Holding, Burkert Fluid Control Systems, Emerson Electric, Flowserve, Honeywell International, KITZ, Rotork, Schlumberger Limited, Tyco International, Watts Water Technologies, AVK Holding
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
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Marine Valves and Actuators Market Report Segments:
The global Marine Valves and Actuators market is segmented on the basis of:
Types
Marine Valves, Marine Actuators
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, Fishing Boats, Pleasure Boats, Goods Transport Ships, Others
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:
- AVK Holding
- Burkert Fluid Control Systems
- Emerson Electric
- Flowserve
- Honeywell International
- KITZ
- Rotork
- Schlumberger Limited
- Tyco International
- Watts Water Technologies
- AVK Holding
Highlights of The Marine Valves and Actuators 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:
- Marine Valves
- Marine Actuators
- By Application:
- Passenger Ships
- Fishing Boats
- Pleasure Boats
- Goods Transport Ships
- Others
- 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 Valves and Actuators 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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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 valves and actuators are devices used to control the flow of water, oil, gas or other fluid substances in marine vessels.
Some of the major companies in the marine valves and actuators market are AVK Holding, Burkert Fluid Control Systems, Emerson Electric, Flowserve, Honeywell International, KITZ, Rotork, Schlumberger Limited, Tyco International, Watts Water Technologies, AVK Holding.
The marine valves and actuators market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Marine Valves and Actuators 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 Valves and Actuators Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine Valves and Actuators 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 Valves and Actuators 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 Valves and Actuators Market Size & Forecast, 2020-2028
4.5.1 Marine Valves and Actuators Market Size and Y-o-Y Growth
4.5.2 Marine Valves and Actuators Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Marine Valves
5.2.2 Marine Actuators
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Passenger Ships
6.2.2 Fishing Boats
6.2.3 Pleasure Boats
6.2.4 Goods Transport Ships
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine Valves and Actuators 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 Valves and Actuators 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Marine Valves
9.6.2 Marine Actuators
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 Market Size Forecast by Applications
9.10.1 Passenger Ships
9.10.2 Fishing Boats
9.10.3 Pleasure Boats
9.10.4 Goods Transport Ships
9.10.5 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Marine Valves
10.6.2 Marine Actuators
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 Market Size Forecast by Applications
10.10.1 Passenger Ships
10.10.2 Fishing Boats
10.10.3 Pleasure Boats
10.10.4 Goods Transport Ships
10.10.5 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Marine Valves
11.6.2 Marine Actuators
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 Market Size Forecast by Applications
11.10.1 Passenger Ships
11.10.2 Fishing Boats
11.10.3 Pleasure Boats
11.10.4 Goods Transport Ships
11.10.5 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Marine Valves
12.6.2 Marine Actuators
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 Market Size Forecast by Applications
12.10.1 Passenger Ships
12.10.2 Fishing Boats
12.10.3 Pleasure Boats
12.10.4 Goods Transport Ships
12.10.5 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Marine Valves
13.6.2 Marine Actuators
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) Market Size Forecast by Applications
13.10.1 Passenger Ships
13.10.2 Fishing Boats
13.10.3 Pleasure Boats
13.10.4 Goods Transport Ships
13.10.5 Others
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 Valves and Actuators Market: Competitive Dashboard
14.2 Global Marine Valves and Actuators Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AVK Holding
14.3.2 Burkert Fluid Control Systems
14.3.3 Emerson Electric
14.3.4 Flowserve
14.3.5 Honeywell International
14.3.6 KITZ
14.3.7 Rotork
14.3.8 Schlumberger Limited
14.3.9 Tyco International
14.3.10 Watts Water Technologies
14.3.11 AVK Holding
