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Marine Actuator And Valve Market By Actuator Type (Pneumatic Actuatorsm, Hydraulic Actuators, Electric Actuators, Mechanical Actuators, Other) By Valve Type (Linear Valves, Rotary Valves, Other), By Vessel Type (Passenger Ships And Cruise, Cargo Vessels, Tankers, Special Purpose Vessels, Service Vessels, Fishing Vessels, Other), By Country (U.S., Rest Of North America) By Region (U.K., Germany, France, Rest Of Europe) - Growth, Share, Opportunities & Competitive Analysis, 2017 - 2025

Marine actuators and valves are components installed in marine vessels to ensure proper control and operation. Actuators are devices that are used to convert different forms of energy into mechanical motion. These motions are used to actuate different control systems within a marine vessel. Similarly, valves are devices that are used to restrict or regulate the flow of fluid in connection with various operations on a marine vessel. Various control systems of marine vessels, such as navigation systems, safety systems, and auxiliary systems, are operated with the help of actuators and valves. According to the working condition, mode of actuation, and applications, a variety of actuators and valves are available for marine vessels. These components ensure highly precise control over different systems within the marine vessel.

A significant rise in marine transportation has been observed in the past few decades. The consistent rise of cruise ships, ships, and cargo vessels has boosted the overall marine actuators and valves market. Marine vessel manufacturers are coming up with improved designs in order to increase their load-carrying capacity, reduce travel time and cost, and, most importantly, ensure the safety of the passengers and cargo. In order to achieve effective operational efficiency, manufacturers are also turning towards new and improved designs for actuators and valves. Consequently, the demand for marine actuators and valves has been significantly boosted by the rise in demand for new marine vessels.

The report titled "Marine Actuators and Valves Market: Growth, Future Prospects, and Competitive Landscape, 2017–2025" offers strategic insights into the global marine actuators and valves market with a focus on the market's size and estimates for the duration of 2017–2025. The said research study covers an in-depth analysis of multiple market segments based on actuator type, valve type, vessel type, and a cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2015 and 2025. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities.

In order to help strategic decision-makers, the report also includes competitive profiling of the leading marine actuator and valve manufacturers, their strategies, market positioning, and key developments. Some of the major players profiled in the report include AVK Holding A/S, Flowserve Corporation, KITZ Corporation, Honeywell International Inc., Rotork Plc, Watts Water Technologies, Inc., Burkert Fluid Control Systems, AUMA Industry & Marine GmbH, Emerson Electric Co., Lenco Marine, and Bray International.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the marine actuator and valve market
  • Market fullers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2015–2016)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global marine actuator and valve market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

The global marine actuator and valve market are segmented, based on its actuator types, into the following categories:

  • Pneumatic Actuator
  • Hydraulic Actuator
  • Electric Actuator
  • Mechanical Actuator
  • Hybrid Actuator

As of 2016, hydraulic actuators were the largest segment, in terms of revenue, of the overall marine actuator market worldwide. Hydraulic actuators are the most commonly used actuators. These actuators provide a long-term solution with minimal maintenance costs. These actuators are capable of handling extreme loads effectively with the minimum input given to them. In addition, hydraulic actuators can be easily integrated with modern electronics, making them more efficient. With the rise in demand for marine vessels, the hydraulic actuators market is expected to maintain its dominance in the future.

The hybrid actuators segment is expected to drive overall demand for marine actuators. Hybrid actuators are a combination of two types of actuators. These actuators are more efficient when compared to conventional types of actuators. In addition, changes in technology result in a significant decline in hybrid actuators. Consequently, hybrid actuators are expected to demonstrate considerable growth in the following years.

The global marine actuator and valves market is segmented, based on valve types, into the following categories:

  • Linear Valve
  • Rotary Valve
  • Self-Actuated Valve

Depending on the mode of actuation, various valves are used in marine applications. As of 2016, linear valves led the overall marine valves market in terms of revenue. Linear valves are simple in construction and require very little effort to actuate. Linear valves are used in a variety of applications and have higher reliability than other types of marine valves. These valves are more convenient to operate and are therefore preferred over other valves for marine applications. Consequently, the rise in demand for linear valves is expected to continue throughout the forecast period.

The self-actuated valves segment was trailing the linear valves segment in terms of revenue in 2016. Self-actuated valves operate automatically under predefined conditions. To avoid mishaps or accidents, self-actuated valves are used as general safety valves. Once calibrated to the defined working condition, these valves do not require any particular attention for actuation. Fire safety valves, leak detection, and emergency shutoff are just a few of the many applications where self-actuated valves are used extensively. Owing to the aforementioned merits and applications, a consistent rise in the requirement for self-actuated valves is expected during the forecast period.

The global marine actuator and valve market are segmented, based on vessel type, into the following categories:

  • Passenger Ships and Cruise
  • Cargo Vessels
  • Tankers
  • Vessels for Special Purpose
  • Service Vessels
  • Fishing Vessels
  • Offshore Vessels
  • Yachts

Marine actuators and valves have a wide range of applications in various types of vessels. Based on the vessel type segment, cargo ships exhibited strong growth in terms of revenue as of 2016. Marine actuators and valves are used in every type of marine vessel. However, cargo ships and vessels extensively use these actuators and valves for different applications. Perpetually rising trade across the world has boosted the demand for more cargo vessels. Consequently, the demand for marine actuators and valves is also expected to escalate in the following years.

As of 2016, passenger ships and cruises trailed the cargo vessel segment in terms of revenue. Over the last few years, marine transportation has become faster, more affordable, and more comfortable. People's inclination towards marine transport has escalated the number of passenger ships, ferries, and cruises. The rising demand for passenger ships and cruise liners is boosting the demand for marine actuators and valves. Subsequently, the market for marine actuators and valves is expected to remain strong for passenger ships and the cruise segment.

The global marine actuators and valves market has been segmented on the basis of geographical regions, as per the following regions and countries:

  • North America
  • U.S.
  • rest of North America
  • Europe
  • U.K.
  • Germany
  • France
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • India
  • Rest of Asia Pacific
  • Rest of the World (RoW)
  • The Middle East and Africa
  • Latin America

Asia Pacific dominated the overall marine actuators and valves market in terms of revenue as of 2016. The market here is backed by the growing trade in promising economies such as China and India. The shipping industry in the Asia Pacific is dominated by a number of shipping companies and manufacturers. Rising trade and passenger transport have boosted Asia Pacific's overall marine industry. Consequently, the marine actuator and valve market are also expected to maintain its dominance in Asia-Pacific in the following years.

As of 2016, Europe trailed Asia Pacific in the overall marine actuators and valves market. European countries have been dependent on marine transportation for many decades. The majority of global trade is done through marine transportation by European countries. The marine industry is expected to grow further with the rising trade between Asia-Pacific and Latin American countries. Consequently, the marine actuator and valve market are also flourishing at a significant rate in this particular region.

Frequently Asked Questions:

The market for Marine Actuator And Valve Market is expected to reach US$ XX Bn By 2025.

The Marine Actuator And Valve Market is expected to see significant CAGR growth over the coming years, at 5.5%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

KITZ Corporation, Honeywell International Inc., Rotork Plc, Watts Water Technologies, Inc., Burkert Fluid Control Systems, AUMA Industry & Marine GmbH, Emerson Electric Co., Lenco Marine,are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Jun 2017
Category:  Oil & Gas
Report ID:   58522
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
Delivery Time: 24 Hours to 48 Hours   
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