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Marine Actuator And Valve Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts - 2022 to 2030

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    Report

  • 115 Pages
  • August 2022
  • Region: Global
  • Acute Market Reports
  • ID: 5684183
Marine actuators and valves are the components installed in the marine vessels for their proper control and smooth working. Actuators are devices that are used to convert different forms of energy into mechanical motion. These motions are used to actuate different control system within a marine vessel. Similarly, valves are the devices which are used to restrict or regulate the flow of fluid related to different operations in the 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 is marine transportation has been observed in the past few decades. Consistent rise is cruises, ships and cargo vessels have 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 traveling time and cost, and most importantly 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 uplifted significantly with the rise in demand for new marine vessels.

The report titled Marine Actuators and Valves Market- Growth, Future Prospects, and Competitive Landscape, 2022-2030 offers strategic insights into the global marine actuators and valves market with a focus on the market size and estimates for the duration 2022 to 2030. The said research study covers in-depth analysis of multiple market segments based on actuator type, valve types, vessel type, and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2021 & 2030. The report also provides a prolific view on 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 the market growth
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2020 - 2021)
  • 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 2022 to 2030, keeping in mind the above-mentioned factors.

As of 2020, hydraulic actuator was the largest segment in term of revenue, of the overall marine actuator market worldwide. Hydraulic actuators are the most commonly used actuator. These actuators provides long term solution with minimum maintenance cost. These actuators are capable of handling extreme loads effectively with 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.

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

A variety of valves are used in marine applications depending upon their mode of actuation. As of 2020, linear valves led the overall marine valves market in terms of revenue. Linear valves are simple in construction and requires very less effort to actuate. Used in a variety of applications, linear valves are fast to actuate and have considerable reliability over other type of marine valves. These valves are more convenient to operate and hence preferred over other valves for marine applications. Consequently, rise in demand of linear valve is expected to continue throughout the forecast period.

The self-actuated valves segment was trailing the linear valves segment in terms of revenue in 2020. Self-actuated valves operate automatically in predefined conditions. Self-actuated valves are used for general safety valve to avoid any kind of mishaps or accidents. Once calibrated to the defined working condition, these valves do not require any particular attention for actuation. Fire safety valves, leak detection and emergency shut off are few of the many application where self-actuated valves are used extensively. Owing to the aforementioned merits and applications consistent rise in the requirement of self-actuated valves is expected during the forecast period.

Marine actuators and valve found a wide range of application across different types of vessels. Based on the vessels type segment, cargo ship exhibits a strong growth in terms of revenue, as of 2020. Marine actuators and valves are applied in every type of marine vessels. However, cargo ships and vessels extensively use these actuators and valves for a different application. 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 2020, passenger ships and cruise trailed to the cargo vessels segment in terms of revenue. Marine transportation is becoming faster, affordable and comfortable from past few years. People’s inclination towards marine transport has escalated the number of a passenger ship, ferries, and cruise. Rising demand of passenger ship and cruise liners is uplifting the demand for marine actuators and valves. Subsequently, the market for marine actuators and valves is expected to remain strong for passenger ships and cruise segment.

Asia Pacific dominated the overall marine actuators and valves market in terms of revenue, as of 2020. The market here is backed by growing trades in promising economies such as China and India. Asia Pacific has a dominant shipping industry characterized by a number of shipping companies and manufacturers. The growing trade and rising passenger transport have boosted the overall marine industry in Asia Pacific. Consequently, the marine actuator and valve market is also expected to maintain its dominance in Asia-Pacific in the following years.

As in 2020, Europe trailed Asia Pacific in the overall marine actuator and valves market. European countries have been dependent on marine transportation from past many decades. The majority of global trade is done through marine transport by the European countries. The Marine industry is expected to grow further with the rising trades between Asia Pacific and Latin American countries. Consequently, marine actuator and valve market is also flourishing at a significant rate in this particular region.

Historical & Forecast Period

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Marine Actuator And Valve market are as follows:
  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Marine Actuator And Valve market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Market Segmentation

Actuator

  • Pneumatic Actuators
  • Hydraulic Actuators
  • Electric Actuators
  • Mechanical Actuators
  • Hybrid Actuators

Valve

  • Linear Valves
  • Rotary Valves
  • Self-actuated Valves

Vessel

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

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Marine Actuator And Valve market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2030.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Marine Actuator And Valve market?
  • Which is the largest regional market for Marine Actuator And Valve market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Marine Actuator And Valve market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Marine Actuator And Valve market worldwide?


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Table of Contents

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global Marine Actuator And Valve Market
2.2. Global Marine Actuator And Valve Market, By Actuator, 2021 (US$ Million)
2.3. Global Marine Actuator And Valve Market, By Valve, 2021 (US$ Million)
2.4. Global Marine Actuator And Valve Market, By Vessel, 2021 (US$ Million)
2.5. Global Marine Actuator And Valve Market, By Geography, 2021 (US$ Million)
2.6. Impact of COVID-19
2.7. Attractive Investment Proposition by Geography, 2021
2.8. Competitive Analysis
2.8.1. Market Positioning of Key Marine Actuator And Valve Market Vendors
2.8.2. Strategies Adopted by Marine Actuator And Valve Market Vendors
2.8.3. Key Industry Strategies
3. Marine Actuator And Valve Market: Business Outlook & Market Dynamics
3.1. Introduction
3.2. Global Marine Actuator And Valve Market Value, 2020 - 2030, (US$ Million)
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Restraints
3.3.3. Key Challenges
3.3.4. Key Opportunities
3.4. Impact Analysis of Drivers and Restraints
3.5. See-Saw Analysis
3.6. Porter's Five Force Model
3.6.1. Supplier Power
3.6.2. Buyer Power
3.6.3. Threat Of Substitutes
3.6.4. Threat Of New Entrants
3.6.5. Competitive Rivalry
3.7. PESTEL Analysis
3.7.1. Political Landscape
3.7.2. Economic Landscape
3.7.3. Technology Landscape
3.7.4. Legal Landscape
3.7.5. Social Landscape
4. Marine Actuator And Valve Market: By Actuator, 2020-2030, USD (Million)
4.1. Market Overview
4.2. Growth & Revenue Analysis: 2021 Versus 2030
4.3. Market Segmentation
4.3.1. Pneumatic Actuators
4.3.2. Hydraulic Actuators
4.3.3. Electric Actuators
4.3.4. Mechanical Actuators
4.3.5. Hybrid Actuators
5. Marine Actuator And Valve Market: By Valve, 2020-2030, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
5.3.1. Linear Valves
5.3.2. Rotary Valves
5.3.3. Self-actuated Valves
6. Marine Actuator And Valve Market: By Vessel, 2020-2030, USD (Million)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2021 Versus 2030
6.3. Market Segmentation
6.3.1. Passenger Ships and Cruise
6.3.2. Cargo Vessels
6.3.3. Tankers
6.3.4. Special Purpose Vessels
6.3.5. Service Vessels
6.3.6. Fishing Vessels
6.3.7. Offshore Vessels
6.3.8. Yachts
7. North America Marine Actuator And Valve Market, 2020-2030, USD (Million)
7.1. Market Overview
7.2. Marine Actuator And Valve Market: By Actuator, 2020-2030, USD (Million)
7.3. Marine Actuator And Valve Market: By Valve, 2020-2030, USD (Million)
7.4. Marine Actuator And Valve Market: By Vessel, 2020-2030, USD (Million)
7.5. Marine Actuator And Valve Market: By Region, 2020-2030, USD (Million)
7.5.1. North America
7.5.1.1. U.S.
7.5.1.2. Canada
7.5.1.3. Rest of North America
8. UK and European Union Marine Actuator And Valve Market, 2020-2030, USD (Million)
8.1. Market Overview
8.2. Marine Actuator And Valve Market: By Actuator, 2020-2030, USD (Million)
8.3. Marine Actuator And Valve Market: By Valve, 2020-2030, USD (Million)
8.4. Marine Actuator And Valve Market: By Vessel, 2020-2030, USD (Million)
8.5. Marine Actuator And Valve Market: By Region, 2020-2030, USD (Million)
8.5.1. UK and European Union
8.5.1.1. UK
8.5.1.2. Germany
8.5.1.3. Spain
8.5.1.4. Italy
8.5.1.5. France
8.5.1.6. Rest of Europe
9. Asia Pacific Marine Actuator And Valve Market, 2020-2030, USD (Million)
9.1. Market Overview
9.2. Marine Actuator And Valve Market: By Actuator, 2020-2030, USD (Million)
9.3. Marine Actuator And Valve Market: By Valve, 2020-2030, USD (Million)
9.4. Marine Actuator And Valve Market: By Vessel, 2020-2030, USD (Million)
9.5. Marine Actuator And Valve Market: By Region, 2020-2030, USD (Million)
9.5.1. Asia Pacific
9.5.1.1. China
9.5.1.2. Japan
9.5.1.3. India
9.5.1.4. Australia
9.5.1.5. South Korea
9.5.1.6. Rest of Asia Pacific
10. Latin America Marine Actuator And Valve Market, 2020-2030, USD (Million)
10.1. Market Overview
10.2. Marine Actuator And Valve Market: By Actuator, 2020-2030, USD (Million)
10.3. Marine Actuator And Valve Market: By Valve, 2020-2030, USD (Million)
10.4. Marine Actuator And Valve Market: By Vessel, 2020-2030, USD (Million)
10.5. Marine Actuator And Valve Market: By Region, 2020-2030, USD (Million)
10.5.1. Latin America
10.5.1.1. Brazil
10.5.1.2. Mexico
10.5.1.3. Rest of Latin America
11. Middle East and Africa Marine Actuator And Valve Market, 2020-2030, USD (Million)
11.1. Market Overview
11.2. Marine Actuator And Valve Market: By Actuator, 2020-2030, USD (Million)
11.3. Marine Actuator And Valve Market: By Valve, 2020-2030, USD (Million)
11.4. Marine Actuator And Valve Market: By Vessel, 2020-2030, USD (Million)
11.5. Marine Actuator And Valve Market: By Region, 2020-2030, USD (Million)
11.5.1. Middle East and Africa
11.5.1.1. GCC
11.5.1.2. Africa
11.5.1.3. Rest of Middle East and Africa
12. Company Profile
12.1. Tyco International Ltd.
12.1.1. Company Overview
12.1.2. Financial Performance
12.1.3. Product Portfolio
12.1.4. Strategic Initiatives
12.2. Schlumberger Limited
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Portfolio
12.2.4. Strategic Initiatives
12.3. AVK Holding A/S
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Portfolio
12.3.4. Strategic Initiatives
12.4. Flowserve Corporation
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Portfolio
12.4.4. Strategic Initiatives
12.5. KITZ Corporation
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Portfolio
12.5.4. Strategic Initiatives
12.6. Honeywell International Inc.
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Portfolio
12.6.4. Strategic Initiatives
12.7. Rotork Plc
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Portfolio
12.7.4. Strategic Initiatives
12.8. Watts Water Technologies, Inc.
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Portfolio
12.8.4. Strategic Initiatives
12.9. Burkert Fluid Control Systems
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Portfolio
12.9.4. Strategic Initiatives
12.10. AUMA Industry & Marine GmbH
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Portfolio
12.10.4. Strategic Initiatives
12.11. Emerson Electric Co.
12.11.1. Company Overview
12.11.2. Financial Performance
12.11.3. Product Portfolio
12.11.4. Strategic Initiatives
12.12. Bray International
12.12.1. Company Overview
12.12.2. Financial Performance
12.12.3. Product Portfolio
12.12.4. Strategic Initiatives
List of Figures
Figure 1 Global Marine Actuator And Valve Market: Market Coverage
Figure 2 Research Methodology and Data Sources
Figure 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4 Global Marine Actuator And Valve Market: Quality Assurance
Figure 5 Global Marine Actuator And Valve Market, By Actuator, 2021
Figure 6 Global Marine Actuator And Valve Market, By Valve, 2021
Figure 7 Global Marine Actuator And Valve Market, By Vessel, 2021
Figure 8 Global Marine Actuator And Valve Market, By Geography, 2021
Figure 9 Global Marine Actuator And Valve Market, By Actuator, 2021 Vs 2030, %
Figure 10 Global Marine Actuator And Valve Market, By Valve, 2021 Vs 2030, %
Figure 11 Global Marine Actuator And Valve Market, By Vessel, 2021 Vs 2030, %
Figure 12 U.S. Marine Actuator And Valve Market (US Million), 2020 - 2030
Figure 13 Canada Marine Actuator And Valve Market (US Million), 2020 - 2030
Figure 14 Rest of North America Marine Actuator And Valve Market (US Million), 2020 - 2030
Figure 15 UK Marine Actuator And Valve Market (US Million), 2020 - 2030
Figure 16 Germany Marine Actuator And Valve Market (US Million), 2020 - 2030
Figure 17 Spain Marine Actuator And Valve Market (US Million), 2020 - 2030
Figure 18 Italy Marine Actuator And Valve Market (US Million), 2020 - 2030
Figure 19 France Marine Actuator And Valve Market (US Million), 2020 - 2030
Figure 20 Rest of Europe Marine Actuator And Valve Market (US Million), 2020 - 2030
Figure 21 China Marine Actuator And Valve Market (US Million), 2020 - 2030
Figure 22 Japan Marine Actuator And Valve Market (US Million), 2020 - 2030
Figure 23 India Marine Actuator And Valve Market (US Million), 2020 - 2030
Figure 24 Australia Marine Actuator And Valve Market (US Million), 2020 - 2030
Figure 25 South Korea Marine Actuator And Valve Market (US Million), 2020 - 2030
Figure 26 Rest of Asia Marine Actuator And Valve Market (US Million), 2020 - 2030
Figure 27 Brazil Marine Actuator And Valve Market (US Million), 2020 - 2030
Figure 28 Mexico Marine Actuator And Valve Market (US Million), 2020 - 2030
Figure 29 Rest of Latin America Marine Actuator And Valve Market (US Million), 2020 - 2030
Figure 30 GCC Marine Actuator And Valve Market (US Million), 2020 - 2030
Figure 31 Africa Marine Actuator And Valve Market (US Million), 2020 - 2030
Figure 32 Rest of Middle East and Africa Marine Actuator And Valve Market (US Million), 2020 - 2030
List of Tables
Table 1 Global Marine Actuator And Valve Market By Actuator, 2020-2030, USD (Million)
Table 2 Global Marine Actuator And Valve Market By Valve, 2020-2030, USD (Million)
Table 3 Global Marine Actuator And Valve Market By Vessel, 2020-2030, USD (Million)
Table 4 North America Marine Actuator And Valve Market By Actuator, 2020-2030, USD (Million)
Table 5 North America Marine Actuator And Valve Market By Valve, 2020-2030, USD (Million)
Table 6 North America Marine Actuator And Valve Market By Vessel, 2020-2030, USD (Million)
Table 7 UK and European Union Marine Actuator And Valve Market By Actuator, 2020-2030, USD (Million)
Table 8 UK and European Union Marine Actuator And Valve Market By Valve, 2020-2030, USD (Million)
Table 9 UK and European Union Marine Actuator And Valve Market By Vessel, 2020-2030, USD (Million)
Table 10 Asia Pacific Marine Actuator And Valve Market By Actuator, 2020-2030, USD (Million)
Table 11 Asia Pacific Marine Actuator And Valve Market By Valve, 2020-2030, USD (Million)
Table 12 Asia Pacific Marine Actuator And Valve Market By Vessel, 2020-2030, USD (Million)
Table 13 Latin America Marine Actuator And Valve Market By Actuator, 2020-2030, USD (Million)
Table 14 Latin America Marine Actuator And Valve Market By Valve, 2020-2030, USD (Million)
Table 15 Latin America Marine Actuator And Valve Market By Vessel, 2020-2030, USD (Million)
Table 16 Middle East and Africa Marine Actuator And Valve Market By Actuator, 2020-2030, USD (Million)
Table 17 Middle East and Africa Marine Actuator And Valve Market By Valve, 2020-2030, USD (Million)
Table 18 Middle East and Africa Marine Actuator And Valve Market By Vessel, 2020-2030, USD (Million)

Companies Mentioned

  • Tyco International Ltd.
  • Schlumberger Limited
  • 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.
  • Bray International