Transportation

According to a market report by Lucintel, the future of the global marine actuator and valve market looks promising with opportunities in the ballast and bilge system, fuel and propulsion, liquid cargo system, refrigeration system, heating, ventilation, and air conditioning (HVAC) system, fire fighting system, and portable water system applications. The global marine actuator and valve market is expected to reach an estimated $4.4 billion by 2028 with a CAGR of 5.7% from 2023 to 2028. The major drivers for this market are growing demand for efficient maritime transportation and significant rise in the manufacturing of ships and cargo vessels along with increasing expenditure of government on naval equipment’s and transportation.



Steel, pneumatic, hydraulic, electric, mechanical, manual, and hybrid are different segments of marine actuator and valve market by mechanism. Lucintel forecasts that hydraulic will remain the highest growing segment over the forecast period because it aids in controlling the flow of a hydraulic system and also helps in handling large amounts of fluid pressure owing to its tolerance capacity of more than 3000 psi.



Within this market, fuel and propulsion segment will remain the largest application segment because the systems can be fitted into many ships and cargo vessels and require the assistance of actuators and valves for functioning.



APAC will remain the largest region over the forecast period due to the growing adoption of marine transportation for trade, increasing demand for efficient marine transportation, and rising awareness towards carbon emissions drives demand for marine actuators and valve batteries in this region.

Moog, Honeywell International, Rotork, Emerson, Flowserve Corporation, Rockwell Automation, Kitz Corporation, and Curtiss-Wright are the major suppliers in the global marine actuator and valve market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global marine actuator and valve market by mechanism, material, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Marine Actuator and Valve Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global marine actuator and valve market by mechanism, material, application, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the global marine actuator and valve market by mechanism (pneumatic, hydraulic, electric, mechanical, manual, and hybrid), material (aluminum, stainless steel, alloy based, and others), application (ballast and bilge systems, fuel and propulsion, liquid cargo systems, refrigeration systems, heating, ventilation, and air conditioning (HVAC) systems, fire fighting systems, portable water systems, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?