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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

  • ID: 5004022
  • Report
  • February 2020
  • Region: Global
  • 240 Pages
  • Markets and Markets
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The Global Marine Actuator 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%

FEATURED COMPANIES

  • Atlas Marine Valves
  • Emerson
  • Hunt Valve
  • KITZ Corporation
  • Rockwell Automation
  • Schlumberger
  • MORE

Adoption of electric, compact pneumatic, explosion-proof actuators is expected to fuel the growth of the global marine actuator and valves market.

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%. Commercial and naval ship operators are demanding greater levels of efficiency and reliability to enable a reduction in direct and unscheduled operating costs. Various marine valve manufacturers, such as Emerson (US) and Curtis-Wright (US), are designing and manufacturing next-generation rugged marine valves based on the hydraulic, electro-hydraulic, electric and pneumatic mechanism for marine applications. Some of the factors that are expected to fuel the growth of the marine actuators and marine valves industry are modernizing the existing naval fleet and increased ship commercial building activities. However, the marine industry is a highly regulated industry across the globe, mainly due to the risks associated with marine operations that are restraining the market growth.

The HAVC's systems application segment is estimated to grow at the highest CAGR during the forecast period due to the rising demand for full command and control systems.

Based on the application, the market is segmented into fuel and propulsion system, portable water system, ballast and bilge system, fire fighting system, heat, ventilation and air conditioning (HVAC) systems, refrigeration system, and others. The heat, ventilation, and air conditioning (HVAC) systems segment is estimated to grow at the highest CAGR during the forecast period due to the increasing shipbuilding activities in the commercial and defense sectors. Marine valves are the key components of these HVAC systems which are used for flow control functionalities in naval vessels.

The marine actuator product segment is expected to lead the marine actuators and valves market in 2019.

Based on the marine actuator type, the rotary actuator segment is estimated to account for the largest share of the marine actuators market in 2019. The rotary marine actuator types include quarter-turn and mulit-turn marine actuators. These marine actuators are used on different marine vessels such as containers, bulk carriers, container vessels, and naval vessels, among others. Increasing demand for the maintenance, repair, and upgrades will lead to an increased demand for marine actuators components in both commercial and defense platforms.

The aftermarket segment is expected to grow at the highest CAGR during the forecast period

Based on the end-user, the aftermarket segment is estimated to grow at the highest CAGR during the forecast period. These functions involve the integration of marine actuators and marine valves in existing ships during their maintenance, repair, and overhaul. The damaged components of ships, such as equipment or systems, include ballast and bilge systems, fuel and propulsion systems, and refrigeration systems, among others, are sent for MRO services, which also includes upgrading, maintenance, repairs, and refurbishments. Therefore, the timely inspection of marine actuators and marine valves is essential to ensure the effective functioning of ships to prevent the chances of engineering equipment getting damaged. This, in turn, is leading to an increased demand for replacement of marine actuators and marine valves.

Major commercial shipping lines and navies are seeking their ships for refurbishment, and maintenance. For instance, in 2019, the US Navy launched the 30-year maintenance modernization initiative. Under this, the US navy demonstrates maintenance of ships in accordance with the applicable class maintenance plans to allow the Navy to achieve the maximum service life of ships and submarines as well as extend the service lives of select classes of ships to achieve a battle force of 355 vessels.

The Asia Pacific is estimated to account for the majority of the global marine actuators and valves market share in 2019.

The Asia Pacific is expected to lead the global marine actuators and valves market in 2019. China, India, Japan, South Korea, Singapore, Australia, are considered for market analysis in the Asia Pacific region. Major shipbuilding companies headquartered in China and South Korea include China State Shipbuilding Corporation (CSSC), China Shipbuilding Industry Corporation (CSIC), Dalian Shipbuilding Industry Company (DSIC), Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering, Samsung Heavy Industries, and Guangzhou Shipyard International. According to the World Shipbuilding Statistics, 2015, China accounted for 33% of all new commercial shipbuilding orders globally, thereby making it the largest market for marine actuators and marine valves.

Over the past few years, this region has witnessed rapid economic development as well as the growth of the ship manufacturing sectors, thereby increasing maritime trade. The rise in seaborne trade has subsequently led to an increase in demand for ships that are used to transport manufactured goods to various regions worldwide. Thus, the increase in the number of ships has contributed to the growing demand for marine actuators and marine valves in the Asia Pacific region. The market for marine actuators and marine valves in the defense sector, especially the navy, is projected to increase, owing to the ongoing territorial conflicts in the region.

The break-up of the profiles of primary participants in the Marine actuator and valves market is as follows:

  • By Company Type: Tier 1-35%; Tier 2-45%; and Tier 3-20%
  • By Designation: C Level Executives-35%; Directors-25%; and Others-40%
  • By Region: North America-45%; Europe-20%; Asia Pacific-30%; and the Middle East & Africa, and South America-5%

Major players operating in the marine actuator and valves market are Moog (US), Honeywell (US), Rotork (UK), Emerson (US), Curtiss-Wright Corporation (US), Rockwell Automation (US), Woodward (US), Burkert Fluid Control Systems (Germany), Flowserve Corporation (US), Schlumberger (US), and KITZ Corporation (Japan), among others.

Research Coverage

The study covers the marine actuator and marine valves across various segments and subsegments. It aims at estimating the size and growth potential of this market across different segments based on application, platform, product, component, material, design characteristics, end-user, and region. This study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their product and business offerings, recent developments undertaken by them, and key market strategies adopted by them.

Reasons to Buy this Report

This report is expected to help market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall marine actuator and valves market and its segments. This study is also expected to provide region wise information about the applications, wherein Marine actuator and valves are used. This report aims at helping the stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses and plan suitable go-to-market strategies. This report is also expected to help them understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities influencing the growth of the global marine actuator and valves market.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Atlas Marine Valves
  • Emerson
  • Hunt Valve
  • KITZ Corporation
  • Rockwell Automation
  • Schlumberger
  • MORE

1 Introduction
1.1 Study Objectives
1.2 Market Definition and Scope
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primaries
2.2 Market Definition & Scope
2.2.1 Segment Definition
2.2.1.1 Marine Actuators and Valve Market, By Platform
2.2.1.2 Marine Actuators and Valve Market, By End User
2.2.1.3 Marine Actuators and Valve Market, By Mechanism
2.2.1.4 Marine Actuators and Valve Market, By Type
2.2.1.5 Marine Actuators and Valve Market, By Application
2.2.1.6 Marine Actuators and Valve Market, By Design Characteristics
2.2.1.7 Marine Actuators and Valve Market, By Material
2.2.1.8 Marine Actuators and Valve Market, By Component
2.2.2 Exclusion
2.3 Research Approach and Methodology
2.3.1 Bottom-Up Approach
2.3.1.1 Approach for Marine Actuators and Vales Market
2.3.1.1.1 Approach1: Commercial and Defense OEM Market
2.3.1.1.2 Approach2: Commercial and Defense Aftermarket
2.3.1.1.3 Approach3: Regional Splits
2.3.1.1.4 Pricing Analysis
2.3.2 Top-Down Approach
2.4 Data Triangulation
2.5 Research Assumptions
2.6 Limitations
2.6.1 Executive Summary

3 Premium Insights
3.1 Attractive Opportunities in Marine Actuators and Valve Market
3.2 Marine Actuators and Valve Market, By Product
3.3 Marine Actuators Market, By Type
3.4 Marine Actuators and Valve Market, By Region

4 Market Overview
4.1 Introduction
4.2 Market Dynamics
4.2.1 Drivers
4.2.1.1 Rise in Seaborne Trade Leading to Growing Requirement for Fleet of Merchant Ships
4.2.1.2 Growth of Maritime Tourism Industry
4.2.1.3 Focus of Navies Worldwide to Procure Advanced Vessels
4.2.2 Restraints
4.2.2.1 Formulation and Implementation of Stringent Regulatory Norms That Must be Complied By Valve and Actuator Manufacturers
4.2.3 Opportunities
4.2.3.1 Technological Advances Would Lead to Increased Demand for Actuators for Several Applications in Marine Vessels
4.2.3.2 Introduction of Lightweight and Durable Valves
4.2.3.3 Growth in use of Inland Waterways
4.2.4 Challenges
4.2.4.1 Power Consumption, Noise, and Leakage Issues Associated With Actuators and Valves

5 Industry Trends
5.1 Introduction
5.2 Technology Trends
5.2.1 Adoption of Electric Actuators in Marine Vessels and Surface Ships
5.2.2 Development of Actuation Systems for Autonomous Underwater Vehicle (AUV)
5.2.3 Rising Usage of Explosion-Proof Actuators
5.2.4 USE of Advanced Materials
5.3 Marines Actuators and Valves Ecosystem
5.3.1 Prominent Players
5.3.1.1 OEM
5.3.1.2 Aftermarket
5.4 Design Landscape
5.4.1 Component Design
5.4.1.1 Weight
5.4.1.2 Strength
5.4.2 Marine Operations
5.4.2.1 Durability
5.4.2.2 Reparability
5.4.3 Manufacturing
5.4.3.1 Raw Material
5.4.3.2 Reproducibility
5.5 Innovation and Patent Registrations

6 Marine Actuators and Valves Market, By Product
6.1 Introduction
6.2 Marine Valves Market, By Type
6.2.1 Quarter-Turn Valves
6.2.1.1 Ball Valves
6.2.1.1.1 Rising use of Ball Valves in Various Applications Such as Water Treatment Plants, Ballast and Bilge Systems, Fuel Distribution to Drive Market
6.2.1.2 Butterfly Valves
6.2.1.2.1 Growing Adoption of Butterfly Valves in Marine Applications Such as Ballast Systems and Oil Cargo Pumping Systems to Boost Market Growth
6.2.1.3 Plug Valves
6.2.1.3.1 Increasing Concerns for Operational Safety of Ships is Expected to Drive the Market
6.2.1.4 Others
6.2.2 Multi-Turn Valves
6.2.2.1 Globe Valves
6.2.2.1.1 Adoption of Advanced Materials for Globe Valves to Drive Market
6.2.2.2 Gate Valves
6.2.2.2.1 USE of Advanced Materials in Gate Valves to Propel Market Growth
6.2.2.3 Diaphragm Valves
6.2.2.3.1 USE of Lightweight, Compact, and Corrosion-Resistant Materials for Diaphragm Valves to Drive Marine Actuators and Valves Market Growth
6.2.2.4 Others
6.3 Marine Actuator Market, By Type
6.3.1.1 Linear Actuators
6.3.1.1.1 Rod-Type Linear Actuators
6.3.1.1.1.1 Increasing use of Rod-Type Linear Actuators in Ship Structures to Carry Loads
6.3.1.1.2 Screw-Type Linear Actuators
6.3.1.1.2.1 Growing use of the Linear Actuators in the Motorboats
6.3.1.1.3 Belt-Type Linear Actuators
6.3.1.1.3.1 Increasing use of Belt-Type Linear Actuators to Increase Operational Efficiency of Marine Vessel Automation
6.3.1.2 Rotary Actuators
6.3.1.2.1 Quarter-Turn Actuators
6.3.1.2.1.1 Increasing use of Butterfly and Ball Valves to Accelerate Demand for Quarter-Turn Actuators
6.3.1.2.2 Multi-Turn Actuators
6.3.1.2.2.1 Rising use of Multi-Turn Bilge and Crossover Valve Manifolds to Augment Demand for Multi-Turn Actuators

7 Marine Actuators and Valves Market, By Mechanism
7.1 Introduction
7.1.1.1 Pneumatic
7.1.1.1.1 Compact Pneumatic Linear Actuators are Increasingly Being Used in Commercial Shipbuilding Industry
7.1.1.2 Hydraulic
7.1.1.2.1 Hydraulic Actuators are Growingly Being Adopted in Steering Mechanism of Marine Vessels
7.1.1.3 Electric
7.1.1.3.1 Low-Maintenance Marine Actuators and Valves Have Increased Demand in Shipbuilding Industry
7.1.1.4 Mechanical
7.1.1.4.1 Mechanical Actuators Find Applications in Ship Components Such as Drives and Manifolds
7.1.1.5 Manual
7.1.1.5.1 Manual Valves are Deployed in Cargo Vessels, Mainly for Flow Control Applications
7.1.1.6 Hybrid
7.1.1.6.1 Technological Advancements Enable Higher Adoption of Electro-Hydraulic Actuators in Marine Applications

8 Marine Actuators and Valves Market, By Component
8.1 Introduction
8.2 Marine Valves Market, By Component
8.2.1 Valve Body
8.2.1.1 Increased Demand for Maintenance and Repair Services for Commercial and Defense Ships
8.2.2 Valve Bonnet
8.2.2.1 High Adoption of Casted and Forged Valve Bonnets in Marine Vessels
8.2.3 Valve Trim
8.2.3.1 Regular Maintenance and Repair Activities Leading to Increased Demand for Valve Trim Components
8.3 Marine Actuators Market, By Component
8.3.1 Cylinders
8.3.1.1 Increased use of Advanced Materials While Manufacturing Cylinders
8.3.2 Drives
8.3.2.1 High Penetration Rate of Drives to Control Motor Speed
8.3.3 Manifolds
8.3.3.1 Technological Advancements in Manifolds Add Extra Protection

9 Marine Actuators and Valves Market, By Design Characteristics
9.1 Introduction
9.2 Marine Valves Market, By Size
9.2.1 Up to 1”
9.2.1.1 Up to 1” Control Valves are Increasingly Being Used in Commercial Vessels
9.2.2 >1” to 4”
9.2.2.1 >1" to 4 Marine Valves are Most Commonly Used Valves in Marine Vessels
9.2.3 >4” to 6”
9.2.3.1 >4"To6" Marine Valves are Used in Medium-Pressure Applications
9.2.4 >6” to 9”
9.2.4.1 >6" to 9" Valves are Increasingly Being Used in Defense Vessels
9.2.5 >9” to 15”
9.2.5.1 >9” to 15” Marine Valves are Widely Used in Oil Tankers
9.2.6 15” and Above
9.2.6.1 >15” Valves are Used in Aircraft Carriers
9.3 Marine Actuators Market, By Thrust
9.3.1 <10 Kn
9.3.2 10 Kn to 100 Kn
9.3.3 >100 Kn
9.4 Marine Actuator Market, By Torque
9.4.1 <10 Knm
9.4.2 10 Knm-100 Knm
9.4.3 >100 Knm

10 Marine Actuators and Valves Market, By Application
10.1 Introduction
10.2 Ballast and Bilge System
10.2.1 Growing Fleet of Cargo Vessels Would Lead to Increased Demand for Marine Actuators and Valves to Deploy in Ballast and Bilge Systems
10.2.2 Ballast Tank
10.2.3 Bilge
10.2.4 Slop Tank
10.3 Fuel and Propulsion System
10.3.1 Growing Shipbuilding Activities in Asia Pacific Increases Demand for Marine Actuators and Valves for Implementation in Fuel and Propulsion Systems
10.3.2 Water Treatment Plant
10.3.3 Heat Exchanger
10.3.4 Fuel Tank
10.3.5 Water Seperation System
10.3.6 Boiler
10.3.7 Air Damper
10.3.8 Superheater
10.3.9 Turbine
10.3.10 Condensor
10.3.11 Generator
10.3.12 Steering
10.4 Liquid Cargo System
10.4.1 Rising Procurement of Tanker Vessels Increases Demand for Marine Actuators and Valves in Liquid Cargo System Applications
10.4.2 Manifold
10.4.3 Cargo Tanks
10.5 Refrigeration Systems
10.5.1 Surging Demand for High-Endurance, Long-Range Advanced Marine Vessels Leading to Increased Demand for Refrigeration Systems to Store Refrigerated Cargo
10.6 Heat, Ventilation, and Air-Conditioning (Hvac) System
10.6.1 Increasing Need for Advanced Marine Actuators and Valves to be Installed in HVAC Systems of Marine Vessels Require
10.7 Fire Fighting System
10.7.1 Rising Fire Safety Issues on Marine Vessels Would Lead to Adoption of Advanced Marine Actuators and Valves
10.8 Portable Water System
10.8.1 Increasing Maritime Tourism Will Lead to Adoption of High-End Marine Actuators and Valves for Safe Operations of Portable Water Systems
10.9 Others

11 Marine Actuators and Valves Market, By Platform
11.1 Introduction
11.2 Commercial
11.2.1 Passenger Vessels
11.2.1.1 Yachts
11.2.1.1.1 High Demand for Linear Actuators in Yachts
11.2.1.2 Ferries
11.2.1.2.1 Rapid Advancements in Propulsion Technology Would Lead to Increase Need for Retrofitting of Ferries
11.2.1.3 Cruises
11.2.1.3.1 Increased Automation in Cruise Ships Leading to Higher Adoption of Electric and Hybrid Actuators
11.2.2 Cargo Vessels
11.2.2.1 Container Vessels
11.2.2.1.1 Increasing Seaborne Trade Leading to Growing Fleet Size of Container Vessels
11.2.2.2 Bulk Carriers
11.2.2.2.1 Japan and China to Witness Highest Demand for Marine Actuators and Valves
11.2.2.3 Tankers
11.2.2.3.1 Rising Demand for Oil Tankers to Transport Lng Leading to Increased Size of Tankers
11.2.2.4 General Cargo Ships
11.2.2.4.1 Increasing Procurement of Marine Valves and Actuators Owing to Modernization of General Cargo Vessels
11.2.3 Others
11.2.3.1 Fishing Vessels
11.2.3.1.1 Rising Demand for Next-Generation Fishing Vessels to Have Positive Impact on Growth of Marine Actuators and Valves Market
11.2.3.2 Dredgers
11.2.3.2.1 Growing use of Dredgers for Removal of Contamination From Seabed
11.2.3.3 Tugs and Pushing Boats
11.2.3.3.1 Increasing Focus on Development of Advanced Remote Controlled and Autonomous Tugs
11.2.3.4 Research Vessels
11.2.3.4.1 Increasing Demand for Oceanographic Research, Seismic Surveys, Polar Research, Fisheries Research, and Oil Exploration Research Leading to Construction of Research Vessels
11.2.3.5 Motorboats
11.2.3.5.1 US Would be Largest Manufacture of Motorboats
11.2.4 Defense
11.2.4.1 Destroyers
11.2.4.1.1 Increasing Procurement of Destroyers By Countries Such as US and China
11.2.4.2 Frigates
11.2.4.2.1 Rising Demand for Construction and Maintenance of Frigates in Coming Years
11.2.4.3 Corvettes
11.2.4.3.1 Increasing Focus of China on Strengthening Naval Security By Induction of Advanced Corvettes By 2030
11.2.4.4 Submarines
11.2.4.4.1 US, China, and India are Working to Develop Advanced Submarines, Thereby Having High Demand for Marine Actuators and Valves in Coming Years
11.2.4.5 Offshore Support Vessels
11.2.4.5.1 Increased Automation in Offshore Patrol Vessels Leading to Additional Demand for Marine Actuators and Valves
11.2.4.6 Aircraft Carriers
11.2.4.6.1 Countries Such as India, US, and China are Constructing Advanced Aircraft Carriers for Strengthening Their Naval Fleet
11.2.4.7 Amphibious Ships
11.2.4.7.1 US to Operate Largest Fleet of Amphibious Ships
11.2.4.8 Others

12 Marine Actuators and Valves Market, By Material
12.1 Introduction
12.2 Aluminum
12.2.1 Aluminum Actuators and Valves are Increasingly Being Used in Commercial Ships
12.3 Stainless Steel
12.3.1 Stainless Steel Valves and Actuators are in Demand for use in Recreational Boats
12.4 Alloy Based
12.4.1 Brass and Bronze Material-Based Valves and Actuators Find Applications in Commercial Ships
12.5 Others

13 Marine Actuators and Valves Market, By End User
13.1 Introduction
13.2 Original Equipment Manufacturer (OEM)
13.2.1 Increased Manufacturing of Commercial Ships Installed With Advanced Technology-Based Components Boost Growth of OEM Segment
13.3 Aftermarket
13.3.1 Growing Emphasis on Replacement of Aging Systems and Components for Improved Operational Efficiency Drive Market for Aftermarket Segment

14 Regional Analysis
14.1 Introduction
14.2 North America
14.2.1.1 US
14.2.1.1.1 Upcoming US Naval Fleet Modernization Program Leading to Increased Demand for Marine Actuators and Valves in Country
14.2.1.2 Canada
14.2.1.2.1 Canada Government's Strategic Decision to Develop Its Own Indigenous Marine Industry Fuels Growth of Marine Actuator and Valve Market in This Country
14.3 Europe
14.3.1.1 UK
14.3.1.1.1 Rising Trend of Maritime Trade in UK Leading to Procurement of Commercial Vessels
14.3.1.2 France
14.3.1.2.1 Increasing Procurement of Auxiliary Tankers and Patrol Boats for France Navy
14.3.1.3 Germany
14.3.1.3.1 Growing Maritime Transportation to Export Good Via Seagoing Vessels to Fuel German Marine Actuator and Valve Market Growth
14.3.1.4 Russia
14.3.1.4.1 Increasing Need to Modernize Naval Fleet and Procurement of New-Generation Naval Vessels to Drive Marine Actuator and Valve Market During Forecast Period
14.3.1.5 Italy
14.3.1.5.1 Italian Naval Fleet Renewal Plan to Propel Marine Actuator and Valve Market
14.3.1.6 Greece
14.3.1.6.1 Ongoing Traditional Shipping and Marine Services in Greece are Anticipated to Drive Greek Marine Actuator and Valve Market
14.3.1.7 Spain
14.3.1.7.1 Ongoing Efforts of Spanish Shipping Companies to Construct Massive Fleet to Surge Demand for Marine Actuator and Valves
14.3.1.8 Rest of Europe
14.4 Asia Pacific
14.4.1.1 China
14.4.1.1.1 Growing Interest in Fishing Activities and Traveling Via Cruise Ships, as Well as Increasing Need for Merchant Ships, to Stimulate Demand for Marine Actuators and Valves in China
14.4.1.2 South Korea
14.4.1.2.1 Increasing Focus on Building Heavy Ships to Boost Demand for Marine Actuators and Valves in South Korea
14.4.1.3 Japan
14.4.1.3.1 Growing Attraction Toward Fishing and Cruising to Bolster Demand for Marine Actuators and Valves in Japan
14.4.1.4 Australia
14.4.1.4.1 Rising Focus of Australian Government on Manufacturing Commercial Vessels to Propel Market for Ship Equipment
14.4.1.5 India
14.4.1.5.1 Increasing Defense Expenditure on Naval Vessels to Accelerate Demand for Marine Actuators and Valves in India in Coming Years
14.4.1.6 Singapore
14.4.1.6.1 Increasing Maritime Trade in the Country Leading to Regular Ship Repair and Maintenance Activities
14.4.1.7 Rest of Asia Pacific
14.5 Middle East
14.5.1.1 Saudi Arabia
14.5.1.1.1 Increasing Need to Retrofit Commercial Vessels in Saudi Arabia
14.5.1.2 United Arab Emirates
14.5.1.2.1 Rising Demand for Container and Tanker Vessels Leading to Heavy Demand for Marine Actuators and Valves
14.5.1.3 Israel
14.5.1.3.1 Rising Dependence on Maritime Trade Led to Increased Demand for Marine Actuator and Valves Market
14.5.1.4 Turkey
14.5.1.4.1 Increasing Contribution of Turkish Shipbuilding Industry in Constructing New Ships and Retrofit Old Ones to Fuel Growth of Turkish Marine Actuator and Valves Market
14.5.1.5 Rest of Middle East
14.5.1.5.1 Growing Focus of Middle Eastern Government on Procurement of Naval Vessels Leading to Higher Demand for Marine Actuator and Valves Market in Country
14.6 Rest of the World (RoW)
14.6.1.1 Latin America
14.6.1.1.1 Brazil is Most Contributing Country in Latin American Marine Valves and Actuators Market
14.6.1.2 Africa
14.6.1.2.1 South Africa is Potential Market for Marine Actuators and Valves

15 Competitive Landscape
15.1 Introduction
15.2 Competitive Leadership Mapping
15.2.1 Visionary Leaders
15.2.2 Innovators
15.2.3 Dynamic Differentiators
15.2.4 Emerging Companies
15.3 Major Players in Marine Actuators and Valve Market
15.4 Competitive Scenario
15.4.1 Product Developments and Expansions
15.4.2 Contracts
15.4.3 Partnerhips, Joint Ventures, and Collaborations
15.4.4 Acquisitions

16 Company Profiles
16.1 MOOG
16.2 Honeywell International Inc.
16.3 Rotork
16.4 Emerson
16.5 Curtiss-Wright Corporation
16.6 Other Major Players
16.7 Bürkert Fluid Control Systems
16.8 Flowserve Corporation
16.9 IMI PLC.
16.10 Schlumberger
16.11 KITZ Corporation
16.12 Diakont
16.13 Ultra Motion
16.14 AVK Group
16.15 Hunt Valve
16.16 Woodward
16.17 AUMA Riester GmbH & Co. Kg
16.18 Rockwell Automation
16.19 Wärtsilä Corporation
16.20 Samson Group
16.21 Atlas Marine Valves
16.22 Other Major Players
16.22.1 Johnson Valves
16.22.2 Meson Group
16.22.3 Hawa Valves

17 Appendix
17.1 Discussion Guide
17.2 Knowledge Store: Subscription Portal
17.3 Available Customisation
17.4 Related Reports
17.5 Author Details

List of Tables
Table 1 USD Exchange Rates
Table 2 Total Cruise Passenger Growth in 2018
Table 3 Naval Ship Procurement Plan of US - 2019
Table 4 Innovation and Patent Registration, July 2014
Table 5 Marine Actuators Market, By Product, 2017-2025 (USD Million)
Table 6 Quarter-Turn Marine Valves Market, By Type, 2017-2025 (USD Million)
Table 7 Multi-Turn Marine Valves Market, By Type, 2017-2025 (USD Million)
Table 8 Marine Actuators Market, By Type, 2017-2025 (USD Million)
Table 9 Marine Linear Actuators Market, By Type, 2017-2025 (USD Million)
Table 10 Marine Rotary Actuators Market, By Type, 2017-2025 (USD Million)
Table 11 Marine Actuators and Valves, By Mechanism, 2017-2025 (USD Million)
Table 12 Marine Actuators and Valves, By Component, 2017-2025 (USD Million)
Table 13 Marine Valves Market, By Component, 2017-2025 (USD Million)
Table 14 Marine Actuators Market, By Component, 2017-2025 (USD Million)
Table 15 Marine Valves Market, By Type, 2019-2025 (USD Million)
Table 16 Marine Actuators Market, By Thrust, 2019-2025 (USD Million)
Table 17 Marine Actuators Market, By Torque, 2019-2025 (USD Million)
Table 18 Marine Actuator and Valves Market, By Application, 2017-2025 (USD Million)
Table 19 Marine Actuators and Valves, By Platform, 2017-2025 (USD Million)
Table 20 Marine Actuators and Valves for Passenger Vessels, By Ship Type, 2017-2025 (USD Million)
Table 21 Marine Actuators and Valves for Cargo Vessels, By Ship Type, 2017-2025 (USD Million)
Table 22 Marine Actuators and Valves for Other Ships, By Type, 2017-2025 (USD Million)
Table 23 Marine Actuators and Valves for Defense Platform, By Ship Type, 2017-2025 (USD Million)
Table 24 Marine Actuators and Valves, By Material, 2017-2025 (USD Million)
Table 25 Marine Actuators and Valves, By End User, 2019-2025 (USD Million)
Table 26 World Fleet, By Principal Vessel Type, 2017-2018 (Thousands of Deadweight Tons)
Table 27 Age Distribution of World Merchant Fleet, By Vessel Type, 2018
Table 28 Marine Actuators and Valves, By Region, 2017-2025 (USD Million)
Table 29 Marine Actuators Market in North America, By End User, 2017-2025 (USD Million)
Table 30 Marine Actuators Market in North America, By Mechanism, 2017-2025 (USD Million)
Table 31 Marine Actuators Market in North America, By Product, 2017-2025 (USD Million)
Table 32 Marine Actuators Market in North America, By Valve Type, 2017-2025 (USD Million)
Table 33 Marine Actuators Market in North America, By Actuator Type, 2017-2025 (USD Million)
Table 34 Marine Actuators Market in North America, By Platform, 2017-2025 (USD Million)
Table 35 Marine Actuators Market in North America, By Country, 2017-2025 (USD Million)
Table 36 Marine Actuators Market in US, By Product, 2017-2025 (USD Million)
Table 37 Marine Actuators Market in US, By Platform, 2017-2025 (USD Million)
Table 38 Marine Actuators Market in US, By Mechanism, 2017-2025 (USD Million)
Table 39 Marine Actuators Market in Canada, By Product, 2017-2025 (USD Million)
Table 40 Marine Actuators Market in Canada, By Platform, 2017-2025 (USD Million)
Table 41 Marine Actuators Market in Canada, By Mechanism, 2017-2025 (USD Million)
Table 42 Marine Actuators Market in Europe, By End User, 2017-2025 (USD Million)
Table 43 Marine Actuators Market in Europe, By Mechanism, 2017-2025 (USD Million)
Table 44 Marine Actuators Market in Europe, By Product, 2017-2025 (USD Million)
Table 45 Marine Actuators Market in Europe, By Valve Type, 2017-2025 (USD Million)
Table 46 Marine Actuators Market in Europe, By Actuator Type, 2017-2025 (USD Million)
Table 47 Marine Actuators Market in Europe, By Platform, 2017-2025 (USD Million)
Table 48 Marine Actuators Market in Europe, By Country, 2017-2025 (USD Million)
Table 49 Marine Actuators Market in UK, By Product, 2017-2025 (USD Million)
Table 50 Marine Actuators Market in UK, By Platform, 2017-2025 (USD Million)
Table 51 Marine Actuators Market in UK, By Mechanism, 2017-2025 (USD Million)
Table 52 Marine Actuators Market in France, By Product, 2017-2025 (USD Million)
Table 53 Marine Actuators Market in France, By Platform, 2017-2025 (USD Million)
Table 54 Marine Actuators Market in France, By Mechanism, 2017-2025 (USD Million)
Table 55 Marine Actuators Market in Germany, By Product, 2017-2025 (USD Million)
Table 56 Marine Actuators Market in Germany, By Platform, 2017-2025 (USD Million)
Table 57 Marine Actuators Market in Germany, By Mechanism, 2017-2025 (USD Million)
Table 58 Marine Actuators Market in Russia, By Product, 2017-2025 (USD Million)
Table 59 Marine Actuators Market in Russia, By Platform, 2017-2025 (USD Million)
Table 60 Marine Actuators Market in Russia, By Mechanism, 2017-2025 (USD Million)
Table 61 Marine Actuators Market in Italy, By Product, 2017-2025 (USD Million)
Table 62 Marine Actuators Market in Italy, By Platform, 2017-2025 (USD Million)
Table 63 Marine Actuators Market in Italy, By Mechanism, 2017-2025 (USD Million)
Table 64 Marine Actuators Market in Greece, By Product, 2017-2025 (USD Million)
Table 65 Marine Actuators Market in Greece, By Platform, 2017-2025 (USD Million)
Table 66 Marine Actuators Market in Greece, By Mechanism, 2017-2025 (USD Million)
Table 67 Marine Actuators Market in Spain, By Product, 2017-2025 (USD Million)
Table 68 Marine Actuators Market, By Platform in Spain, 2017-2025 (USD Million)
Table 69 Marine Actuators Market in Spain, By Mechanism, 2017-2025 (USD Million)
Table 70 Marine Actuators Market in Rest of Europe, By Product, 2017-2025 (USD Million)
Table 71 Marine Actuators Market in Rest of Europe, By Platform, 2017-2025 (USD Million)
Table 72 Marine Actuators Market Rest of Europe, By Mechanism, 2017-2025 (USD Million)
Table 73 Marine Actuators Market in Asia Pacific, By End User, 2017-2025 (USD Million)
Table 74 Marine Actuators Market in Asia Pacific, By Mechanism, 2017-2025 (USD Million)
Table 75 Marine Actuators Market in Asia Pacific, By Product, 2017-2025 (USD Million)
Table 76 Marine Actuators Market in Asia Pacific, By Valve Type, 2017-2025 (USD Million)
Table 77 Marine Actuators Market in Asia Pacific, By Actuator Type, 2017-2025 (USD Million)
Table 78 Marine Actuators Market in Asia Pacific, By Platform, 2017-2025 (USD Million)
Table 79 Marine Actuators Market in Asia Pacific, By Country, 2017-2025 (USD Million)
Table 80 Marine Actuators Market in China, By Product, 2017-2025 (USD Million)
Table 81 Marine Actuators Market in China, By Platform, 2017-2025 (USD Million)
Table 82 Marine Actuators Market in China, By Mechanism, 2017-2025 (USD Million)
Table 83 Marine Actuators Market in South Korea, By Product, 2017-2025 (USD Million)
Table 84 Marine Actuators Market in South Korea, By Platform, 2017-2025 (USD Million)
Table 85 Marine Actuators Market in South Korea, By Mechanism, 2017-2025 (USD Million)
Table 86 Marine Actuators Market in Japan, By Product, 2017-2025 (USD Million)
Table 87 Marine Actuators Market in Japan, By Platform, 2017-2025 (USD Million)
Table 88 Marine Actuators Market in Japan, By Mechanism, 2017-2025 (USD Million)
Table 89 Marine Actuators Market in Australia, By Product, 2017-2025 (USD Million)
Table 90 Australia Marine Actuators Market, By Platform, 2017-2025 (USD Million)
Table 91 Marine Actuators Market in Australia, By Mechanism, 2017-2025 (USD Million)
Table 92 Marine Actuators Market in India, By Product, 2017-2025 (USD Million)
Table 93 Marine Actuators Market in India, By Platform, 2017-2025 (USD Million)
Table 94 Marine Actuators Market in India, By Mechanism, 2017-2025 (USD Million)
Table 95 Marine Actuators Market in Singapore, By Product, 2017-2025 (USD Million)
Table 96 Marine Actuators Market in Singapore, By Platform, 2017-2025 (USD Million)
Table 97 Marine Actuators Market in Singapore, By Mechanism, 2017-2025 (USD Million)
Table 98 By Product, 2017-2025 (USD Million)
Table 99 Marine Actuators Market in Rest of Asia Pacific, By Platform, 2017-2025 (USD Million)
Table 100 Marine Actuators Market in Rest of Asia Pacific, By Mechanism, 2017-2025 (USD Million)
Table 101 Marine Actuators Market in Middle East, By End User, 2017-2025 (USD Million)
Table 102 Marine Actuators Market in Middle East, By Mechanism, 2017-2025 (USD Million)
Table 103 Marine Actuators Market in Middle East, By Product, 2017-2025 (USD Million)
Table 104 Marine Actuators Market in Middle East, By Valve Type, 2017-2025 (USD Million)
Table 105 Marine Actuators Market in Middle East, By Actuator Type, 2017-2025 (USD Million)
Table 106 Marine Actuators Market in Middle East, By Platform, 2017-2025 (USD Million)
Table 107 Marine Actuators Market in Middle East, By Country, 2017-2025 (USD Million)
Table 108 Marine Actuators Market in Saudi Arabia, By Product, 2017-2025 (USD Million)
Table 109 Marine Actuators Market Saudi Arabia, By Platform, 2017-2025 (USD Million)
Table 110 Marine Actuators Market in Saudi Arabia, By Mechanism, 2017-2025 (USD Million)
Table 111 Marine Actuators Market in UAE, By Product, 2017-2025 (USD Million)
Table 112 Marine Actuators Market in UAE, By Platform, 2017-2025 (USD Million)
Table 113 Marine Actuators Market in UAE, By Mechanism, 2017-2025 (USD Million)
Table 114 Marine Actuators Market in Israel, By Product, 2017-2025 (USD Million)
Table 115 Marine Actuators Market in Israel, By Platform, 2017-2025 (USD Million)
Table 116 Marine Actuators Market in Israel, By Mechanism, 2017-2025 (USD Million)
Table 117 Marine Actuators Market in Turkey, By Product, 2017-2025 (USD Million)
Table 118 Marine Actuators Market in Turkey, By Platform, 2017-2025 (USD Million)
Table 119 Marine Actuators Market in Turkey, By Mechanism, 2017-2025 (USD Million)
Table 120 Marine Actuators Market in Rest of Middle East, By Product, 2017-2025 (USD Million)
Table 121 Marine Actuators Market in Rest of Middle East, By Platform, 2017-2025 (USD Million)
Table 122 Marine Actuators Market in Rest of Middle East, By Mechanism, 2017-2025 (USD Million)
Table 123 Marine Actuators Market in RoW, By End User, 2017-2025 (USD Million)
Table 124 Marine Actuators Market in RoW, By Mechanism, 2017-2025 (USD Million)
Table 125 Marine Actuators Market in RoW, By Product, 2017-2025 (USD Million)
Table 126 Marine Actuators Market By RoW, By Valve Type, 2017-2025 (USD Million)
Table 127 Marine Actuators Market in RoW, By Actuator Type, 2017-2025 (USD Million)
Table 128 Marine Actuators Market in RoW, By Platform, 2017-2025 (USD Million)
Table 129 Marine Actuators Market in RoW, By Region, 2017-2025 (USD Million)
Table 130 Marine Actuators Market in Latin America, By Product, 2017-2025 (USD Million)
Table 131 Marine Actuators Market in Latin America, By Platform, 2017-2025 (USD Million)
Table 132 Marine Actuators Market in Latin America, By Mechanism, 2017-2025 (USD Million)
Table 133 Marine Actuators Market in Africa, By Product, 2017-2025 (USD Million)
Table 134 Marine Actuators Market in Africa, By Platform, 2017-2025 (USD Million)
Table 135 Marine Actuators Market in Africa, By Mechanism, 2017-2025 (USD Million)
Table 136 Product Developments and Expansions, 2015- 2019
Table 137 Contracts, 2014-2019
Table 138 Partnerships, Joint Ventures, and Collaborations, 2016- 2019
Table 139 Acquisitions, 2016-2019
Table 140 MOOG: SWOT Analysis
Table 141 Rotork: SWOT Analysis
Table 142 Curtis-Wright: SWOT Analysis

List of Figures
Figure 1 Report Process Flow
Figure 2 Marine Actuators and Valves: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Marine Actuators and Valves: Data Triangulation
Figure 7 Assumptions for Research Study on Marine Actuators and Valve Market
Figure 8 Electric Segment Projected to Lead Marine Actuators AMD Valves Market By 2025
Figure 9 OEM Projected to Account for Larger Size of Marine Actuators AMD Valves Market in 2025
Figure 10 Commercial Ships to Dominate Marine Actuators AMD Valves Market During Forecast Period
Figure 11 Actuators to Hold Larger Size of Marine Actuators AMD Valves Market During Forecast Period
Figure 12 Asia Pacific to Command Marine Actuators AMD Valves Market During Forecast Period
Figure 13 Increase in Seaborne Trade and Rise in Procurement of Advanced Vessels to Drive Marine Actuators Market From 2019 to 2025
Figure 14 Actuators to Lead Account for Larger Share of Marine Actuators Market in 2019
Figure 15 Rotary Marine Actuators to Continue to Account for Larger Market Share During Forecast Period
Figure 16 Asia Pacific to Register Highest CAGR in Marine Actuators Market During Forecast Period
Figure 17 Marine Actuators Market Dynamics
Figure 18 Global Seaborne Trade, By Traded Quantity, 2005-2017
Figure 19 Global Merchant Fleet Growth (2008-2017)
Figure 20 Global Ocean Cruise Passenger (In Millions)
Figure 21 Supply-Side Ecosystem: Marine Actuators Market
Figure 22 Marine Actuators Market, By Product, 2017-2025 (USD Million)
Figure 23 Marine Valves Market, By Type, 2017-2025 (USD Million)
Figure 24 Marine Actuators Market, By Type, 2017-2025 (USD Million)
Figure 25 Marine Actuators Market, By Mechanism, 2019-2025 (USD Million)
Figure 26 Marine Valves Market, By Component, 2017-2025 (USD Million)
Figure 27 Marine Actuators Market, By Component, 2017-2025 (USD Million)
Figure 28 Marine Valves Market, By Valve Size, 2019-2025 (USD Million)
Figure 29 Marine Actuators and Valves, By Application, 2019-2025 (USD Million)
Figure 30 Marine Actuators and Valves, By Platform, 2019-2025 (USD Million)
Figure 31 Marine Actuators and Valves, By Material, 2017 To2025 (USD Million)
Figure 32 Marine Actuators and Valves, By End User, 2019-2025 (USD Million)
Figure 33 Asia Pacific Estimated to Hold Largest Share of Marine Actuators Market in 2019
Figure 34 Snapshot of Marine Actuators Market in Asia Pacific
Figure 35 Key Developments By Leading Players in Marine Actuators Market From 2015 to 2019
Figure 36 Marine Actuators Market Competitive Leadership Mapping, 2018
Figure 37 Major Players in Marine Actuators Market in 2018
Figure 38 MOOG: Company Snapshot
Figure 39 Honeywell International Inc: Company Snapshot
Figure 40 Rotork: Company Snapshot
Figure 41 Emerson: Company Snapshot
Figure 42 Curtiss-Wright Corporation: Company Snapshot
Figure 43 Flowserve Corporation: Company Snapshot
Figure 44 IMI PLC.: Company Snapshot
Figure 45 Schlumberger: Company Snapshot
Figure 46 Woodward: Company Snapshot
Figure 47 Rockwell Automation: Company Snapshot
Figure 48 Wärtsilä Corporation: Company Snapshot

Note: Product cover images may vary from those shown
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  • Atlas Marine Valves
  • AUMA Riester GmbH & Co. Kg
  • AVK Group
  • Bürkert Fluid Control Systems
  • Curtiss-Wright Corporation
  • Diakont
  • Emerson
  • Flowserve Corporation
  • Hawa Valves
  • Honeywell International Inc.
  • Hunt Valve
  • IMI PLC.
  • Johnson Valves
  • KITZ Corporation
  • Meson Group
  • MOOG
  • Rockwell Automation
  • Rotork
  • Samson Group
  • Schlumberger
  • Ultra Motion
  • Wärtsilä Corporation
  • Woodward
Note: Product cover images may vary from those shown
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