Market Drivers

1. Increasing seaborne trade is expected to support growth of the global marine actuators and valves market during the forecast period
2. Rising focus on navies across the globe to purchase advanced vessels is expected to boost the global marine actuators and valves market growth over the forecast period

Market Opportunities

1. Advent of lightweight and durable valves can present significant growth opportunities
2. Development in technologies can provide lucrative business opportunities for market players

Read Report Summary @ https://www.coherentmarketinsights.com/market-insight/marine-actuators-and-valves-market-3724

Key Takeaways

• Asia Pacific holds the dominant position in the global Marine Actuators and Valves market and is expected to witness significant growth over the forecast period 2019-27. This is owing to growing ship manufacturing industry in Asia Pacific region. The material required for shipbuilding is steel and according to CMI analysis, china manufactures about 40% of world's crude steel production. According to same analysis Asia Pacific region accounted for about 60% of ships manufactured around the globe in the year 2017. Owing to all these reasons Asia Pacific is expected to hold the dominant position in the market for the forecast period.

Don't Quarantine Your Research, you keep your social distance and we provide you a social DISCOUNT use QUARANTINEDAYS Code in precise requirement and Get FLAT 1000USD OFF on all CMI reports

Market Overview

Marine valves are used to control, guide, direct, and regulate the flow of different types of liquids, steam, gases, any flowing agent such as mill and grain. Different types of valves are used depending on the customized application. Some of the commonly used valves are gate, globe, angle, butterfly, ball plug valves, etc. These valves are made from bronze, iron, steel, or PVC have the capabilities to high-end pressure and temperature. Furthermore, actuators are attached to valves for monitoring of pressure and flows, where two values are required to match. There are different types of actuators including pneumatic, hydraulic, electrical, mechanical, hybrid, manual actuator, etc.

The global marine actuators and valves market is estimated to account for US$ 3.13 Bn in terms of value in 2019 and is expected to grow at a CAGR of 5.9% during the forecasted period 2019-27.

Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/3724 

Competitive Section

Key companies involved in the global marine actuators and valves market are AVK Holding A/S, KITZ Corporation, Watts Water Technologies, Inc., B�rkert Fluid Control Systems, Tyco International Ltd., Emerson Electric Co, Schlumberger Limited, Shearwater GeoServices Holding AS, �Flowserve Corporation, Rotork Plc, and Honeywell International Inc.

Marine transportation is the most expansively used mode of transportation for goods shipment and passenger transport. Marine valves are mechanical components deployed to moderate, guide, and regulate the flow of numerous types of liquids and gases. Marine valves are available custom-made sizes including gate, angle, butterfly, and ball plug valves. Furthermore, actuators are joined to valves to monitor pressure and flow in applications where measurement of two values is extremely necessary.

The global Marine Actuators and Valves market is estimated to account for US$ 3.13 Bn in terms of value and 64.4 Million units in terms of volume in 2019 and is expected to grow at a CAGR of 5.9 % over the forecasted period 2020-27.

Request for Sample PDF copy @ https://www.coherentmarketinsights.com/insight/request-sample/3724

Market Drivers

1. Increasing seaborne trade is expected to support growth of the global marine actuators and valves market during the forecast period
2. Rising focus on navies across the globe to purchase advanced vessels is expected to boost the global marine actuators and valves market growth over the forecast period

Market Opportunities

1. Advent of lightweight and durable valves can present significant growth opportunities
2. Development in technologies can provide lucrative business opportunities for market players

Read Report Summary @ https://www.coherentmarketinsights.com/market-insight/marine-actuators-and-valves-market-3724

Key Takeaways

• Asia Pacific holds the dominant position in the global Marine Actuators and Valves market and is expected to witness significant growth over the forecast period 2019-27. This is owing to growing ship manufacturing industry in Asia Pacific region. The material required for shipbuilding is steel and according to CMI analysis, china manufactures about 40% of world’s crude steel production. According to same analysis Asia Pacific region accounted for about 60% of ships manufactured around the globe in the year 2017. Owing to all these reasons Asia Pacific is expected to hold the dominant position in the market for the forecast period.

• Among type segment, valves sub segment is expected to dominate the global Marine Actuators and Valves market over the forecasted period 2019-27. This is owing to wide usage of valves in ships for controlling and regulation fluid through pipes. Most commonly used valve in ship is gate valve. Moreover, the valves can operate in both high and low temperatures.
• Among actuators segment hybrid actuators sub segment is expected to create a lucrative opportunity for global Marine Actuators and Valves market as these actuators have simple structure so requires less maintenance and repair process. Moreover Hybrid actuators have high efficiency and reliability. Hybrid actuators are combination of any two types of actuators such as electric and mechanical actuators. Owing to above mentioned reasons the hybrid actuators is expected to dominate the actuators segment over the forecast period.

Marine valves are used to control, guide, direct, and regulate the flow of different types of liquids, steam, gases, any flowing agent such as mill and grain. Different types of valves are used depending on the customized application. Some of the commonly used valves are gate, globe, angle, butterfly, ball plug valves, etc. These valves are made from bronze, iron, steel, or PVC have the capabilities to high-end pressure and temperature. Furthermore, actuators are attached to valves for monitoring of pressure and flows, where two values are required to match. There are different types of actuators including pneumatic, hydraulic, electrical, mechanical, hybrid, manual actuator, etc.

Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/3724

Market Trends

1. Growing preference for electric actuators over hydraulic actuators
Hydraulic actuator is being used for a long time in the marine sector owing to its low cost and high power density. However, these actuators are complex in terms of design that include oil tanks and filters. Moreover, there is a high risk of fluid leakage through it and consumes higher energy and requires timely maintenance. As a result of this, end users are gradually shifting towards an electric actuator system, which consists only of an actuator control and power connection. These actuators are increasingly used in marine sector both for indoor and outdoor purposes.

2. Rising adoption of dry bulk carriers in marine transportation
Dry bulk carriers carry around 100,000 dead-weight tons (dwt) plus of material goods. Such bulk carriage leads to lower transportation costs, making international trade convenient and affordable. Growing global investments and an increase in the transportation of materials such as ore, coal, unpackaged cargo and cement are leading to increased use of dry bulk carriers which in turn, are increasing the total number of valves and actuators that are required for the efficient functioning of carriers. According to UNCTAD, in 2015 bulk carriers accounted for 43.5% share out of the total share for vessel types.