The Business Research Company’s report on the Marine Actuators And Valves Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the marine actuators and valves market in recent years?
The increased global seaborne trade is expected to propel the growth of the marine actuators and valves market going forward. Seaborne trade refers to transporting goods by sea between different countries or regions and measures the dispatched goods and loaded goods. Marine actuators and valves play a crucial role in ships’ safe and efficient operation by regulating the pressure flow of fluids in different kinds of systems on ships and converting energy into control motion to stop or hold any object on the ship. For instance, in July 2024, Eurostat, the Luxembourg-based government agency, reported that the gross weight of seaborne goods in the European Union reached 893.97 million tonnes in Q2 2022, compared to 851.28 million tonnes in Q2 2021. Therefore, increased global seaborne trade is driving the growth of the marine actuators and valves market.
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What is the projected market size of the marine actuators and valves industry, and how is it expected to grow?
The marine actuators and valves market size has grown steadily in recent years. It will grow from$3.65 billion in 2024 to $3.83 billion in 2025 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to upgradation of existing fleet, shipbuilding boom, focus on fuel efficiency, expansion of cruise industry, globalization of trade, rising investment in naval forces
The marine actuators and valves market size is expected to see strong growth in the next few years. It will grow to “$4.68 billion in 2029 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to rising focus on environmental compliance, growth in offshore wind energy, development of autonomous ships, focus on cybersecurity in maritime systems, adoption of additive manufacturing. Major trends in the forecast period include automation and smart technologies, fuel efficiency and emission reduction, LNG-powered vessels, digital twins and simulation technologies, material innovation and corrosion resistance.
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Who are the key players driving competition in the marine actuators and valves market?
Major companies operating in the marine actuators and valves market include Honeywell International Inc., Rotork plc, Emerson Electric Co., Curtiss-Wright Corporation, Flowserve Corporation, KITZ Corporation, Watts Water Technologies Inc., Bürkert Fluid Control Systems, Schlumberger Limited, AVK Holding A/S, IMI plc, Rockwell Automation, Wärtsilä Oyj Abp, Bray International Inc., AUMA Industry & Marine GmbH, Moog Inc., KSB SE & Co. KGaA, Bosch Rexroth AG, Danfoss A/S, Parker Hannifin Corporation, Alfa Laval AB, Weir Group plc, Eaton Corporation plc, Spirax-Sarco Engineering plc, Velan Inc., Hitachi Ltd., CIRCOR International Inc., Samson AG, ITT Inc.
What key trends are expected to drive the manufactured soil market during the forecast period?
Emerging technologies are a key trend gaining popularity in the marine actuators and valves market. Companies operating in the marine actuators and valves market are adopting new technologies to sustain their position in the market. For instance, in June 2022, W&O Supply, a US-based maritime fittings provider, launched the digital marine valve management service that is integrated with radio frequency identification technology (RFID). This technology helps the operators to identify the information about various valves they have on their boards and enables them to avoid any delayed operations.
Which key geographies are driving the growth of the marine actuators and valves market?
Asia-Pacific was the largest region in the marine actuators and valves market in 2024. The regions covered in the marine actuators and valves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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What are the key segments driving growth in the marine actuators and valves market?
The marine actuators and valves market covered in this report is segmented –
1) By Product: Valves, Actuators
2) By Material: Stainless Steel, Aluminum, Alloy-Based, Other Materials
3) By Mechanism: Pneumatic, Hydraulic, Electric, Hybrid, Mechanical, Manual
4) By Application: Defense, Commercial
5) By End User: Original Equipment Manufacturer (OEM), After market
Subsegments:
1) By Valves: Ball Valves, Gate Valves, Globe Valves, Butterfly Valves, Check Valves
2) By Actuators: Electric Actuators, Hydraulic Actuators, Pneumatic Actuators, Manual Actuators
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What defines the structure and scope of the marine actuators and valves market?
Marine actuators are devices that convert energy into motion and act as a controlling part of the ship system. Marine valves are essential components of the marine industry used to control the flow of liquids and gases on ships and offshore structures. These devices generate motion by transforming the energy and signals that enter the system.
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