Marine Actuators and Valves Market

Global Marine Actuators and Valves Market Size, Trends & Analysis - Forecasts to 2027 By Mechanism (Pneumatic, Hydraulic, Electric, Mechanical, Manual, Hybrid), By Application (Ballast and Blige systems, Fuel and Propulsion, Liquid Cargo Systems, Refrigeration Systems, Heating, Ventilation, and Air Conditioning (HVAC) systems, Fire Fighting Systems, Portable Water Systems, Others), By Material (Aluminium, Stainless Steel, Alloy Based, Others), By Size (Up to 1”, 1” to 4”, 4” to 6”, 6” to 9”, 9” to 15”, 15” and Above), By Region (North America, Asia Pacific, Central, and South America, Europe, and the Middle East and Africa), Competitive Landscape Company Market Share Analysis, and Competitor Analysis.

Category Automotive & Transportation
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This report was recently updated on July 7 2024 with the latest and most recent market numbers

Marine Actuators and Valves Market Size

The Global Marine Actuators and Valves Market is projected to grow at a CAGR value of 4.5% from 2022 to 2027.

Actuators are mechanical devices in marine machinery that help in the starting and stopping mechanisms of marine transportation. Marine valves are a crucial component in ships and are useful in controlling the flow rate, direction, and pressure of the liquid flowing in the ship's pipeline. As per the OECD, the demand for global maritime transport would triple by 2050. Technological advancements in the workings of ships and cargo vessels are possible by upgrading to the latest changes in actuators and valves. Actuators and valves play a crucial role in the efficiency of marine transportation and are expected to gain attention due to the many advantages it provides to marine transportation.

The market will be driven during the forecast period by increasing demand for maritime trade and transportation, tremendous growth in the manufacturing of ships and cargo vessels, and rising government expenditure on naval equipment and transport.

Furthermore, the need for efficient marine transportation due to the high usage of maritime transport and the high demand for actuators and valves that help in efficiency and subsequently in reducing costs is the factor that will propel the market.

global marine actuators and valves market

COVID-19 Impact on Global Clinical PCR Market

COVID-19 has had disastrous effects on the maritime industry due to disturbances in trade flows and global supply chain systems. The pandemic has also affected the manufacturing sector which also includes sectors that produce marine parts and equipment. The pandemic situation slowed down the growth of maritime transportation owing to the COVID-19 restrictions and the lack of demand for tourism. However, this has made industry leaders strategize ways to generate more enthusiasm for maritime services by upgrading parts and equipment for efficient naval operations. The post-pandemic period is expected to behave as a conducive market for the actuators and valves market owing to the steady pick-up in marine trade-activities

Ukraine-Russia War Impact on Marine Industry

The transportation and logistics industry has seen severe disruptions in its activity owing to the conflict between Russia and Ukraine. Disruption in trade routes owing to blockades in the Black Sea and other shipping routes has seen a fall in demand for shipping through seaways. With major shipping companies stopping services to and from Russia, the demand for marine engines is expected to fall in the two countries.

Marine Actuators and Valves Market: By Mechanism

The hydraulic segment is expected to be the fastest-growing segment in the market from 2022 to 2027.

Hydraulic valves are devices that help in controlling the flow of a hydraulic system. The benefit of a hydraulic valve is that it can handle large amounts of fluid pressure as hydraulic valves have the feature of tolerating more than 3000 psi. The hydraulic actuator is also known as the hydraulic cylinder, has gained prominence due to the availability of environmentally friendly versions of the actuator.

Marine Actuators and Valves Market: By Application

The fuel and propulsion systems segment is expected to be the largest segment in the market from 2022 to 2027.

Condensers, fuel tanks, heat exchangers, boilers, and steering make up fuel and propulsion systems. Fuel and propulsion systems are fitted into many ships and cargo vessels and require the assistance of actuators and valves for functioning. For instance, steering systems, a part of the fuel and propulsion system, use marine actuators in order to function correctly.

Marine Actuators and Valves Market: By Material

The alloy-based segment is expected to be the largest market in the economy from 2022 to 2027.

The ability of alloy-based actuators and valves to resist corrosion from seawater makes it a preferable material for marine actuators and valves. Manufacturing companies use alloys to make several marine types of equipment such as pipes, heat exchanger tubes, and propellers. Alloy-based marine parts have thermal conductivity and are durable in nature.

Marine Actuators and Valves Market: By Size

Different sizes of actuators and valves are used for different functions and require the opinion of trained experts. For instance, an oversized actuator might be useful in Emergency Shutdown Valves (ESDVs), whereas an undersized actuator would not damage the stem of the valve.

asia pacific marine actuators and valves market

Marine Actuators and Valves Market: By Region

North America (the United States, Canada, and Mexico) will have a dominant share in the Marine Actuators and Valves market from 2022 to 2027. The major factor driving the growth of the market in the North American region is increased manufacturing of defense and commercial ships and cargo vessels, increasing dependence on domestic and international marine transportation, and investments in the naval force.

Moreover, the Asia Pacific (India, China, Japan, Malaysia, Singapore, and the Rest of Asia Pacific) region is expected to be the fastest-growing segment in the Marine Actuators and Valves market during the forecast period. The usage of marine transportation for trade and the need for efficient marine transportation are the factors that will propel the market in the region.

Marine Actuators and Valves Market Share and Competitor Analysis

Wartsila (Finland), Moog (US), Honeywell (US), Rotork (UK), Emerson (US), Cutiss-Wright Corporation (US), Rockwell Automation (US), Burkert Fluid Control Systems (Germany), Flowserve Corporation (US), Schlumberger (US) and KITZ Corporation (Japan) among others are the key players in the marine actuators and valves market.

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1   Research Methodology

1.1    Research Assumptions

1.2    Research Methodology

1.2.1    Estimates and Forecast Timeline

1.3    Information Procurement

1.3.1    Purchased Database

1.3.2    GME’s Internal Database

1.3.3    Primary Research

1.3.4    Secondary Sources & Third-Party Perspectives

            1.3.4.1    Company Information Sources: Annual Reports, Investor Presentation, Press Release, SEC Filing, Company Blogs & Website

           1.3.4.2 Secondary Data Sources: Microsoft Corporation, Elsevier, Thomson Reuters, IBM Publications and Database

1.4    Information or Data Analysis

1.4.1    Data Analysis Models

1.5    Market Material & Data Visualization

1.6    Data Validation & Publishing

1.7   Market Model

1.7.1    Model Details

              1.7.1.1 Top-Down Approach

               1.7.1.2 Bottom-Up Approach

1.8    Market Segmentation & Scope

1.9    Market Definition

Chapter 2   Executive Summary

2.1.    Global Market Outlook

2.2     Mechanism Outlook

2.3     Application Outlook

2.4     Material Outlook

2.5     Size Outlook

2.6     Regional Outlook

Chapter 3   Global Marine Actuators and Valves Market Trend Analysis

3.1. Market Introduction

3.2 Penetration & Growth Prospect Mapping

3.3 Impact of COVID-19 on the Marine Actuators and Valves Market

3.4 Metric Data on Shipping & Logistics Industry

3.5 Market Dynamic

3.5.1 Market Driver Analysis

3.5.2 Market Restraint Analysis

3.5.3 Industry Challenges

3.5.4 Industry Opportunities

3.6    Porter’s Five Analysis

3.6.1 Supplier Power

3.6.2 Buyer Power

3.6.3 Substitution Threat

3.6.4 Threat from New Entrant

3.7 Market Entry Strategies

Chapter 4   Marine Actuators and Valves Market: Mechanism Trend Analysis

4.1   Mechanism: Historic Data vs. Forecast Data Analysis, 2021 vs. 2027

4.2    Pneumatic

4.2.1    Market Estimates & Forecast Analysis of Pneumatic Segment, By Region, 2019-2027 (USD Billion)

4.3   Hydraulic

4.3.1    Market Estimates & Forecast Analysis of Hydraulic Markets Segment, By Region, 2019-2027 (USD Billion)

4.4   Electric

4.4.1    Market Estimates & Forecast Analysis of Hydraulic Markets Segment, By Region, 2019-2027 (USD Billion)

4.5   Mechanical

4.5.1    Market Estimates & Forecast Analysis of Hydraulic Markets Segment, By Region, 2019-2027 (USD Billion)

4.6   Manual

4.6.1    Market Estimates & Forecast Analysis of Hydraulic Markets Segment, By Region, 2019-2027 (USD Billion)

4.7   Hybrid

4.7.1    Market Estimates & Forecast Analysis of Hydraulic Markets Segment, By Region, 2019-2027 (USD Billion)

Chapter 5   Marine Actuators and Valves Market: Application Trend Analysis

5.1    Application: Historic Data vs. Forecast Data Analysis, 2021 vs. 2027

5.2    Ballast and Blige systems

5.2.1    Market Estimates & Forecast Analysis of Ballast and Blige systems Segment, By Region, 2019-2027 (USD Billion)

5.3    Refrigeration Systems

5.3.1    Market Estimates & Forecast Analysis of Refrigeration Systems Segment, By Region, 2019-2027 (USD Billion)

5.4    Liquid Cargo Systems

5.4.1    Market Estimates & Forecast Analysis of Liquid Cargo Systems Segment, By Region, 2019-2027 (USD Billion)

5.5    Refrigeration Systems

5.5.1    Market Estimates & Forecast Analysis of Refrigeration Systems Segment, By Region, 2019-2027 (USD Billion)

5.6    Heating, Ventilation, and Air Conditioning (HVAC) Systems

5.6.1    Market Estimates & Forecast Analysis of Heating, Ventilation, and Air Conditioning (HVAC) Systems Segment, By Region, 2019-2027 (USD Billion)

5.7    Fire Fighting Systems

5.7.1    Market Estimates & Forecast Analysis of Fire Fighting Systems Segment, By Region, 2019-2027 (USD Billion)

5.8    Portable Water Systems

5.8.1    Market Estimates & Forecast Analysis of Portable Water Systems Segment, By Region, 2019-2027 (USD Billion)

Chapter 6   Marine Actuators and Valves Market: Material Trend Analysis

6.1    Material: Historic Data vs. Forecast Data Analysis, 2021 vs. 2027

6.2    Aluminium

6.2.1    Market Estimates & Forecast Analysis of Aluminium Segment, By Region, 2019-2027 (USD Billion)

6.3    Stainless Steel

6.3.1    Market Estimates & Forecast Analysis of Stainless Steel Segment, By Region, 2019-2027 (USD Billion)

6.4    Marine Gas Oil

6.4.1    Market Estimates & Forecast Analysis of Marine Gas Oil Segment, By Region, 2019-2027 (USD Billion)

6.5    Alloy Based

6.5.1    Market Estimates & Forecast Analysis of Alloy-based Segment, By Region, 2019-2027 (USD Billion)

6.6    Others

6.6.1    Market Estimates & Forecast Analysis of Others Segment, By Region, 2019-2027 (USD Billion)

Chapter 7   Marine Actuators and Valves Market: Size Trend Analysis

7.1   Size: Historic Data vs. Forecast Data Analysis, 2021 vs. 2027

7.2    Up to 1”            

7.2.1    Market Estimates & Forecast Analysis of Up to 1” Segment, By Region, 2019-2027 (USD Billion)

7.3    1” to 4”

7.3.1    Market Estimates & Forecast Analysis of 1” to 4” Segment, By Region, 2019-2027 (USD Billion)

7.4    4” to 6”

7.4.1    Market Estimates & Forecast Analysis of 4” to 6” Segment, By Region, 2019-2027 (USD Billion)

7.5    6” to 9”

7.5.1    Market Estimates & Forecast Analysis of 6” to 9” Segment, By Region, 2019-2027 (USD Billion)

7.6    9” to 15”

7.6.1    Market Estimates & Forecast Analysis of 9” to 15” Segment, By Region, 2019-2027 (USD Billion)

7.7    15” and Above

7.7.1    Market Estimates & Forecast Analysis of 15” and Above Segment, By Region, 2019-2027 (USD Billion)

Chapter 8   Marine Actuators and Valves Market, By Region

8.1    Regional Outlook

8.2    North America

8.2.1    Market Estimates & Forecast Analysis, By Country 2019-2027(USD Billion)

8.2.2    Market Estimates & Forecast Analysis, By Mechanism, 2019-2027(USD Billion)

8.2.3    Market Estimates & Forecast Analysis, By Application, 2019-2027(USD Billion)

8.2.4    Market Estimates & Forecast Analysis, By Material, 2019-2027(USD Billion)

8.2.5    Market Estimates & Forecast Analysis, By Size, 2019-2027(USD Billion)

8.2.6    U.S.

8.2.6.1    Market Estimates & Forecast Analysis, By Mechanism, 2019-2027(USD Billion)

8.2.6.2    Market Estimates & Forecast Analysis, By Application, 2019-2027(USD Billion)

8.2.6.3    Market Estimates & Forecast Analysis, By Material, 2019-2027(USD Billion)

8.2.6.4    Market Estimates & Forecast Analysis, By Size, 2019-2027(USD Billion)

8.2.7    Canada

8.2.7.1    Market Estimates & Forecast Analysis, By Mechanism, 2019-2027(USD Billion)

8.2.7.2    Market Estimates & Forecast Analysis, By Application, 2019-2027(USD Billion)

8.2.7.3    Market Estimates & Forecast Analysis, By Material, 2019-2027(USD Billion)

8.2.7.4    Market Estimates & Forecast Analysis, By Size, 2019-2027(USD Billion)

8.2.8    Mexico

8.2.8.1    Market Estimates & Forecast Analysis, By Mechanism, 2019-2027 (USD Billion)

8.2.8.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

8.2.8.3    Market Estimates & Forecast Analysis, By Material, 2019-2027 (USD Billion)

8.2.8.4    Market Estimates & Forecast Analysis, By Size, 2019-2027(USD Billion)

8.3    Europe

8.3.1    Market Estimates & Forecast Analysis, By Country 2019-2027(USD Billion)

8.3.2    Market Estimates & Forecast Analysis, By Mechanism, 2019-2027(USD Billion)

8.3.3    Market Estimates & Forecast Analysis, By Application, 2019-2027(USD Billion)

8.3.4    Market Estimates & Forecast Analysis, By Material, 2019-2027(USD Billion)

8.3.5    Market Estimates & Forecast Analysis, By Size, 2019-2027(USD Billion)

8.3.6    Germany

8.3.6.1    Market Estimates & Forecast Analysis, By Mechanism, 2019-2027(USD Billion)

8.3.6.2    Market Estimates & Forecast Analysis, By Application, 2019-2027(USD Billion)

8.3.6.3    Market Estimates & Forecast Analysis, By Material, 2019-2027(USD Billion)

8.3.6.4    Market Estimates & Forecast Analysis, By Size, 2019-2027(USD Billion)

8.3.7    UK

8.3.7.1    Market Estimates & Forecast Analysis, By Mechanism, 2019-2027(USD Billion)

8.3.7.2    Market Estimates & Forecast Analysis, By Application, 2019-2027(USD Billion)

8.3.7.3    Market Estimates & Forecast Analysis, By Material, 2019-2027(USD Billion)

8.3.7.4    Market Estimates & Forecast Analysis, By Size, 2019-2027(USD Billion)

8.3.8    France

8.3.8.1    Market Estimates & Forecast Analysis, By Mechanism, 2019-2027(USD Billion)

8.3.8.2    Market Estimates & Forecast Analysis, By Application, 2019-2027(USD Billion)

8.3.8.3    Market Estimates & Forecast Analysis, By Material, 2019-2027(USD Billion)

8.3.8.4    Market Estimates & Forecast Analysis, By Size, 2019-2027(USD Billion)

8.3.9    Russia

8.3.9.1    Market Estimates & Forecast Analysis, By Mechanism, 2019-2027(USD Billion)

8.3.9.2    Market Estimates & Forecast Analysis, By Application, 2019-2027(USD Billion)

8.3.9.3    Market Estimates & Forecast Analysis, By Material, 2019-2027(USD Billion)

8.3.9.4    Market Estimates & Forecast Analysis, By Size, 2019-2027(USD Billion)

8.3.10    Italy

8.3.10.1    Market Estimates & Forecast Analysis, By Mechanism, 2019-2027(USD Billion)

8.3.10.2    Market Estimates & Forecast Analysis, By Application, 2019-2027(USD Billion)

8.3.10.3    Market Estimates & Forecast Analysis, By Material, 2019-2027(USD Billion)

8.3.10.4    Market Estimates & Forecast Analysis, By Size, 2019-2027(USD Billion)

8.3.11    Spain

8.3.11.1    Market Estimates & Forecast Analysis, By Mechanism, 2019-2027(USD Billion)

8.3.11.2    Market Estimates & Forecast Analysis, By Application, 2019-2027(USD Billion)

8.3.11.3    Market Estimates & Forecast Analysis, By Material, 2019-2027(USD Billion)

8.3.11.4    Market Estimates & Forecast Analysis, By Size, 2019-2027(USD Billion)

8.3.12    Rest of Europe

8.3.12.1    Market Estimates & Forecast Analysis, By Mechanism, 2019-2027 (USD Billion)

8.3.12.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

8.3.12.3    Market Estimates & Forecast Analysis, By Material, 2019-2027 (USD Billion)

8.3.12.4    Market Estimates & Forecast Analysis, By Size, 2019-2027(USD Billion)

8.4    Asia Pacific

8.4.1    Market Estimates & Forecast Analysis, By Country 2019-2027(USD Billion)

8.4.2    Market Estimates & Forecast Analysis, By Mechanism, 2019-2027(USD Billion)

8.4.3    Market Estimates & Forecast Analysis, By Application, 2019-2027(USD Billion)

8.4.4    Market Estimates & Forecast Analysis, By Material, 2019-2027(USD Billion)

8.4.5    Market Estimates & Forecast Analysis, By Size, 2019-2027(USD Billion)

8.4.6    China

8.4.6.1    Market Estimates & Forecast Analysis, By Mechanism, 2019-2027(USD Billion)

8.4.6.2    Market Estimates & Forecast Analysis, By Application, 2019-2027(USD Billion)

8.4.6.3    Market Estimates & Forecast Analysis, By Material, 2019-2027(USD Billion)

8.4.6.4    Market Estimates & Forecast Analysis, By Size, 2019-2027(USD Billion)

8.4.7    India

8.4.7.1    Market Estimates & Forecast Analysis, By Mechanism, 2019-2027(USD Billion)

8.4.7.2    Market Estimates & Forecast Analysis, By Application, 2019-2027(USD Billion)

8.4.7.3    Market Estimates & Forecast Analysis, By Material, 2019-2027(USD Billion)

8.4.7.4    Market Estimates & Forecast Analysis, By Size, 2019-2027(USD Billion)

8.4.8    Japan

8.4.8.1    Market Estimates & Forecast Analysis, By Mechanism, 2019-2027(USD Billion)

8.4.8.2    Market Estimates & Forecast Analysis, By Application, 2019-2027(USD Billion)

8.4.8.3    Market Estimates & Forecast Analysis, By Material, 2019-2027(USD Billion)

8.4.8.4    Market Estimates & Forecast Analysis, By Size, 2019-2027(USD Billion)

8.4.9    Australia

8.4.9.1    Market Estimates & Forecast Analysis, By Mechanism, 2019-2027(USD Billion)

8.4.9.2    Market Estimates & Forecast Analysis, By Application, 2019-2027(USD Billion)

8.4.9.3    Market Estimates & Forecast Analysis, By Material, 2019-2027(USD Billion)

8.4.9.4    Market Estimates & Forecast Analysis, By Size, 2019-2027(USD Billion)

8.4.10    South Korea

8.4.10.1    Market Estimates & Forecast Analysis, By Mechanism, 2019-2027(USD Billion)

8.4.10.2    Market Estimates & Forecast Analysis, By Application, 2019-2027(USD Billion)

8.4.10.3    Market Estimates & Forecast Analysis, By Material, 2019-2027(USD Billion)

8.4.10.4    Market Estimates & Forecast Analysis, By Size, 2019-2027(USD Billion)

8.4.11    Rest of Asia Pacific

8.4.11.1    Market Estimates & Forecast Analysis, By Mechanism, 2019-2027 (USD Billion)

8.4.11.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

8.4.11.3    Market Estimates & Forecast Analysis, By Material, 2019-2027 (USD Billion)

8.4.11.4    Market Estimates & Forecast Analysis, By Size, 2019-2027(USD Billion)

8.5    Central & South America

8.5.1    Market Estimates & Forecast Analysis, By Country 2019-2027(USD Billion)

8.5.2    Market Estimates & Forecast Analysis, By Mechanism, 2019-2027(USD Billion)

8.5.3    Market Estimates & Forecast Analysis, By Application, 2019-2027(USD Billion)

8.5.4   Market Estimates & Forecast Analysis, By Material, 2019-2027(USD Billion)

8.5.5   Market Estimates & Forecast Analysis, By Size, 2019-2027(USD Billion)

8.5.6    Brazil

8.5.6.1    Market Estimates & Forecast Analysis, By Mechanism, 2019-2027(USD Billion)

8.5.6.2    Market Estimates & Forecast Analysis, By Application, 2019-2027(USD Billion)

8.5.6.3    Market Estimates & Forecast Analysis, By Material, 2019-2027(USD Billion)

8.5.6.4    Market Estimates & Forecast Analysis, By Size, 2019-2027(USD Billion)

8.5.7    Rest of Central & South America

8.5.7.1    Market Estimates & Forecast Analysis, By Mechanism, 2019-2027(USD Billion)

8.5.7.2    Market Estimates & Forecast Analysis, By Application, 2019-2027(USD Billion)

8.5.7.3    Market Estimates & Forecast Analysis, By Material, 2019-2027(USD Billion)

8.5.7.4    Market Estimates & Forecast Analysis, By Size, 2019-2027(USD Billion)

8.6    Middle East & Africa

8.6.1    Market Estimates & Forecast Analysis, By Country 2019-2027(USD Billion)

8.6.2    Market Estimates & Forecast Analysis, By Mechanism, 2019-2027(USD Billion)

8.6.3    Market Estimates & Forecast Analysis, By Application, 2019-2027(USD Billion)

8.6.4    Market Estimates & Forecast Analysis, By Material, 2019-2027(USD Billion)

8.6.5    Market Estimates & Forecast Analysis, By Size, 2019-2027(USD Billion)

8.6.6    Saudi Arabia

8.6.6.1    Market Estimates & Forecast Analysis, By Mechanism, 2019-2027(USD Billion)

8.6.6.2    Market Estimates & Forecast Analysis, By Application, 2019-2027(USD Billion)

8.6.6.3   Market Estimates & Forecast Analysis, By Material, 2019-2027(USD Billion)

8.6.6.4   Market Estimates & Forecast Analysis, By Size, 2019-2027(USD Billion)

8.6.7    United Arab Emirates

8.6.7.1    Market Estimates & Forecast Analysis, By Mechanism, 2019-2027(USD Billion)

8.6.7.2    Market Estimates & Forecast Analysis, By Application, 2019-2027(USD Billion)

8.6.7.3    Market Estimates & Forecast Analysis, By Material, 2019-2027(USD Billion)

8.6.7.4   Market Estimates & Forecast Analysis, By Size, 2019-2027(USD Billion)

8.6.8    South Africa

8.6.8.1    Market Estimates & Forecast Analysis, By Mechanism, 2019-2027(USD Billion)

8.6.8.2    Market Estimates & Forecast Analysis, By Application, 2019-2027(USD Billion)

8.6.8.3    Market Estimates & Forecast Analysis, By Material, 2019-2027(USD Billion)

8.6.8.4   Market Estimates & Forecast Analysis, By Size, 2019-2027(USD Billion)

8.6.9   Rest of Middle East & Africa

8.6.9.1    Market Estimates & Forecast Analysis, By Mechanism, 2019-2027 (USD Billion)

8.6.9.2    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

8.6.9.3    Market Estimates & Forecast Analysis, By Material, 2019-2027 (USD Billion)

8.6.9.4   Market Estimates & Forecast Analysis, By Size, 2019-2027(USD Billion)

Chapter 9   Competitive Analysis

9.1    Key Global Players, Recent Developments & their Impact on the Industry

9.2    Four Quadrant Competitor Positioning Matrix

9.2.1    Key Innovators

9.2.2    Market Leaders

9.2.3    Emerging Players

9.2.4    Market Challengers

9.3    Vendor Landscape Analysis

9.4    End-User Landscape Analysis

9.5    Company Market Share Analysis, 2021

Chapter 10   Company Profile Analysis

10.1    Moog

10.1.1    Company Overview

10.1.2    Financial Analysis

10.1.3    Strategic Initiatives

10.1.4    Mechanism Benchmarking

10.2    Wartsila

10.2.1    Company Overview

10.2.2    Financial Analysis

10.2.3    Strategic Initiatives

10.2.4    Mechanism Benchmarking

10.3     Honeywell

10.3.1    Company Overview

10.3.2    Financial Analysis

10.3.3    Strategic Initiatives

10.3.4    Mechanism Benchmarking

10.4    Rotork

10.4.1    Company Overview

10.4.2    Financial Analysis

10.4.3    Strategic Initiatives

10.4.4    Mechanism Benchmarking

10.5    Emerson

10.5.1    Company Overview

10.5.2    Financial Analysis

10.5.3    Strategic Initiatives

10.5.4    Mechanism Benchmarking

10.6     Cutiss-Wright Corporation

10.6.1    Company Overview

10.6.2    Financial Analysis

10.6.3    Strategic Initiatives

10.6.4    Mechanism Benchmarking

10.7    Rockwell Automation

10.7.1    Company Overview

10.7.2    Financial Analysis

10.7.3    Strategic Initiatives

10.7.4    Mechanism Benchmarking

10.8    Burkert Fluid Control Systems

10.8.1    Company Overview

10.8.2    Financial Analysis

10.8.3    Strategic Initiatives

10.8.4    Mechanism Benchmarking

10.9   Flowserve Corporation

10.9.1    Company Overview

10.9.2    Financial Analysis

10.9.3    Strategic Initiatives

10.9.4    Mechanism Benchmarking

10.10   Schlumberger

10.10.1    Company Overview

10.10.2    Financial Analysis

10.10.3    Strategic Initiatives

10.10.4    Mechanism Benchmarking

10.11   KITZ Corporation

10.11.1    Company Overview

10.11.2    Financial Analysis

10.11.3    Strategic Initiatives

10.11.4    Mechanism Benchmarking

10.12   Other Companies

10.12.1    Company Overview

10.12.2    Financial Analysis

10.12.3    Strategic Initiatives

10.12.4    Mechanism Benchmarking

List of Tables

1 Technological Advancements In Marine Actuators and Valves Market

2 Global Marine Actuators and Valves Market: Key Market Drivers

3 Global Marine Actuators and Valves Market: Key Market Challenges

4 Global Marine Actuators and Valves Market: Key Market Opportunities

5 Global Marine Actuators and Valves Market: Key Market Restraints

6 Global Marine Actuators and Valves Market Estimates & Forecast Analysis, 2019-2027 (USD Billion)

7 Global Marine Actuators and Valves Market, By Mechanism, 2019-2027 (USD Billion)

8 Pneumatic: Global Marine Actuators and Valves Market, By Region, 2019-2027 (USD Billion)

9 Hydraulic: Global Marine Actuators and Valves Market, By Region, 2019-2027 (USD Billion)

10 Electric: Global Marine Actuators and Valves Market, By Region, 2019-2027 (USD Billion)

11 Mechanical: Global Marine Actuators and Valves Market, By Region, 2019-2027 (USD Billion)

12 Manual: Global Marine Actuators and Valves Market, By Region, 2019-2027 (USD Billion)

13 Hybrid: Global Marine Actuators and Valves Market, By Region, 2019-2027 (USD Billion)

14 Global Marine Actuators and Valves Market, By Application, 2019-2027 (USD Billion)

15 Ballast and Blige systems: Global Marine Actuators and Valves Market, By Region, 2019-2027 (USD Billion)

16 Refrigeration Systems: Global Marine Actuators and Valves Market, By Region, 2019-2027 (USD Billion)

17 Liquid Cargo Systems: Global Marine Actuators and Valves Market, By Region, 2019-2027 (USD Billion)

18 Refrigeration Systems: Global Marine Actuators and Valves Market, By Region, 2019-2027 (USD Billion)

19 Heating, Ventilation, and Air Conditioning (HVAC) systems: Global Marine Actuators and Valves Market, By Region, 2019-2027 (USD Billion)

20 Fire Fighting Systems: Global Marine Actuators and Valves Market, By Region, 2019-2027 (USD Billion)

21 Portable Water Systems: Global Marine Actuators and Valves Market, By Region, 2019-2027 (USD Billion)

22 Global Marine Actuators and Valves Market, By Material, 2019-2027 (USD Billion)

23 Aluminium: Global Marine Actuators and Valves Market, By Region, 2019-2027 (USD Billion)

24 Stainless Steel: Global Marine Actuators and Valves Market, By Region, 2019-2027 (USD Billion)

25 Alloy Based: Global Marine Actuators and Valves Market, By Region, 2019-2027 (USD Billion)

26 Others: Global Marine Actuators and Valves Market, By Region, 2019-2027 (USD Billion)

27 Global Marine Actuators and Valves Market, By Size, 2019-2027 (USD Billion)

28 Up to 1”: Global Marine Actuators and Valves Market, By Region, 2019-2027 (USD Billion)

29 1” to 4”: Global Marine Actuators and Valves Market, By Region, 2019-2027 (USD Billion)

30 4” to 6”: Global Marine Actuators and Valves Market, By Region, 2019-2027 (USD Billion)

31 6” to 9”: Global Marine Actuators and Valves Market, By Region, 2019-2027 (USD Billion)

32 9” to 15”: Global Marine Actuators and Valves Market, By Region, 2019-2027 (USD Billion)

33 15” and Above: Global Marine Actuators and Valves Market, By Region, 2019-2027 (USD Billion)

34 Regional Analysis: Global Marine Actuators and Valves Market, By Region, 2019-2027 (USD Billion)

35 North America: Marine Actuators and Valves Market, By Mechanism, 2019-2027 (USD Billion)

36 North America: Marine Actuators and Valves Market, By Application, 2019-2027 (USD Billion)

37 North America: Marine Actuators and Valves Market, By Material , 2019-2027 (USD Billion)

38 North America: Marine Actuators and Valves Market, By Size, 2019-2027 (USD Billion)

39 North America: Marine Actuators and Valves Market, By Country, 2019-2027 (USD Billion)

40 U.S: Marine Actuators and Valves Market, By Mechanism, 2019-2027 (USD Billion)

41 U.S: Marine Actuators and Valves Market, By Application, 2019-2027 (USD Billion)

42 U.S: Marine Actuators and Valves Market, By Material, 2019-2027 (USD Billion)

43 U.S: Marine Actuators and Valves Market, By Size, 2019-2027 (USD Billion)

44 Canada: Marine Actuators and Valves Market, By Mechanism, 2019-2027 (USD Billion)

45 Canada: Marine Actuators and Valves Market, By Application, 2019-2027 (USD Billion)

46 Canada: Marine Actuators and Valves Market, By Material, 2019-2027 (USD Billion)

47 Canada: Marine Actuators and Valves Market, By Size, 2019-2027 (USD Billion)

48 Mexico: Marine Actuators and Valves Market, By Mechanism, 2019-2027 (USD Billion)

49 Mexico: Marine Actuators and Valves Market, By Application, 2019-2027 (USD Billion)

50 Mexico: Marine Actuators and Valves Market, By Material, 2019-2027 (USD Billion)

51 Mexico: Marine Actuators and Valves Market, By Size, 2019-2027 (USD Billion)

52 Europe: Marine Actuators and Valves Market, By Mechanism, 2019-2027 (USD Billion)

53 Europe: Marine Actuators and Valves Market, By Application, 2019-2027 (USD Billion)

54 Europe: Marine Actuators and Valves Market, By Material, 2019-2027 (USD Billion)

55 Europe: Marine Actuators and Valves Market, By Size, 2019-2027 (USD Billion)

56 Germany: Marine Actuators and Valves Market, By Mechanism, 2019-2027 (USD Billion)

57 Germany: Marine Actuators and Valves Market, By Application, 2019-2027 (USD Billion)

58 Germany: Marine Actuators and Valves Market, By Material, 2019-2027 (USD Billion)

59 Germany: Marine Actuators and Valves Market, By Size, 2019-2027 (USD Billion)

60 UK: Marine Actuators and Valves Market, By Mechanism, 2019-2027 (USD Billion)

61 UK: Marine Actuators and Valves Market, By Application, 2019-2027 (USD Billion)

62 UK: Marine Actuators and Valves Market, By Material, 2019-2027 (USD Billion)

63 UK: Marine Actuators and Valves Market, By Size, 2019-2027 (USD Billion)

64 France: Marine Actuators and Valves Market, By Mechanism, 2019-2027 (USD Billion)

65 France: Marine Actuators and Valves Market, By Application, 2019-2027 (USD Billion)

66 France: Marine Actuators and Valves Market, By Material, 2019-2027 (USD Billion)

67 France: Marine Actuators and Valves Market, By Size, 2019-2027 (USD Billion)

68 Italy: Marine Actuators and Valves Market, By Mechanism, 2019-2027 (USD Billion)

69 Italy: Marine Actuators and Valves Market, By T Application Ype, 2019-2027 (USD Billion)

70 Italy: Marine Actuators and Valves Market, By Material, 2019-2027 (USD Billion)

71 ltaly: Marine Actuators and Valves Market, By Size, 2019-2027 (USD Billion)

72 Spain: Marine Actuators and Valves Market, By Mechanism, 2019-2027 (USD Billion)

73 Spain: Marine Actuators and Valves Market, By Application, 2019-2027 (USD Billion)

74 Spain: Marine Actuators and Valves Market, By Material, 2019-2027 (USD Billion)

75 Spain: Marine Actuators and Valves Market, By Size, 2019-2027 (USD Billion)

76 Rest Of Europe: Marine Actuators and Valves Market, By Mechanism, 2019-2027 (USD Billion)

77 Rest Of Europe: Marine Actuators and Valves Market, By Application, 2019-2027 (USD Billion)

78 Rest Of Europe: Marine Actuators and Valves Market, By Material, 2019-2027 (USD Billion)

79 Rest of Europe: Marine Actuators and Valves Market, By Size, 2019-2027 (USD Billion)

80 Asia Pacific: Marine Actuators and Valves Market, By Mechanism, 2019-2027 (USD Billion)

81 Asia Pacific: Marine Actuators and Valves Market, By Application, 2019-2027 (USD Billion)

82 Asia Pacific: Marine Actuators and Valves Market, By Material, 2019-2027 (USD Billion)

83 Asia Pacific: Marine Actuators and Valves Market, By Size, 2019-2027 (USD Billion)

84 Asia Pacific: Marine Actuators and Valves Market, By Country, 2019-2027 (USD Billion)

85 China: Marine Actuators and Valves Market, By Mechanism, 2019-2027 (USD Billion)

86 China: Marine Actuators and Valves Market, By Application, 2019-2027 (USD Billion)

87 China: Marine Actuators and Valves Market, By Material, 2019-2027 (USD Billion)

88 China: Marine Actuators and Valves Market, By Size, 2019-2027 (USD Billion)

89 India: Marine Actuators and Valves Market, By Mechanism, 2019-2027 (USD Billion)

90 India: Marine Actuators and Valves Market, By Application, 2019-2027 (USD Billion)

91 India: Marine Actuators and Valves Market, By Material, 2019-2027 (USD Billion)

92 India: Marine Actuators and Valves Market, By Size, 2019-2027 (USD Billion)

93 Japan: Marine Actuators and Valves Market, By Mechanism, 2019-2027 (USD Billion)

94 Japan: Marine Actuators and Valves Market, By Application, 2019-2027 (USD Billion)

95 Japan: Marine Actuators and Valves Market, By Material, 2019-2027 (USD Billion)

96 Japan: Marine Actuators and Valves Market, By Size, 2019-2027 (USD Billion)

97 South Korea: Marine Actuators and Valves Market, By Mechanism, 2019-2027 (USD Billion)

98 South Korea: Marine Actuators and Valves Market, By Application, 2019-2027 (USD Billion)

99 South Korea: Marine Actuators and Valves Market, By Material, 2019-2027 (USD Billion)

100 South Korea: Marine Actuators and Valves Market, By Size, 2019-2027 (USD Billion)

101 Middle East & Africa: Marine Actuators and Valves Market, By Mechanism, 2019-2027 (USD Billion)

102 Middle East & Africa: Marine Actuators and Valves Market, By Application, 2019-2027 (USD Billion)

103 Middle East & Africa: Marine Actuators and Valves Market, By Material, 2019-2027 (USD Billion)

104 Middle East & Africa: Marine Actuators and Valves Market, By Size, 2019-2027 (USD Billion)

105 Middle East & Africa: Marine Actuators and Valves Market, By Country, 2019-2027 (USD Billion)

106 Saudi Arabia: Marine Actuators and Valves Market, By Mechanism, 2019-2027 (USD Billion)

107 Saudi Arabia: Marine Actuators and Valves Market, By Application, 2019-2027 (USD Billion)

108 Saudi Arabia: Marine Actuators and Valves Market, By Material, 2019-2027 (USD Billion)

109 Saudi Arabia: Marine Actuators and Valves Market, By Size, 2019-2027 (USD Billion)

110 UAE: Marine Actuators and Valves Market, By Mechanism, 2019-2027 (USD Billion)

111 UAE: Marine Actuators and Valves Market, By Application, 2019-2027 (USD Billion)

112 UAE: Marine Actuators and Valves Market, By Material, 2019-2027 (USD Billion)

113 UAE: Marine Actuators and Valves Market, By Size, 2019-2027 (USD Billion)

114 Central & South America: Marine Actuators and Valves Market, By Mechanism, 2019-2027 (USD Billion)

115 Central & South America: Marine Actuators and Valves Market, By Application, 2019-2027 (USD Billion)

116 Central & South America: Marine Actuators and Valves Market, By Material, 2019-2027 (USD Billion)

117 Central & South America: Marine Actuators and Valves Market, By Size, 2019-2027 (USD Billion)

118 Central & South America: Marine Actuators and Valves Market, By Country, 2019-2027 (USD Billion)

119 Brazil: Marine Actuators and Valves Market, By Mechanism, 2019-2027 (USD Billion)

120 Brazil: Marine Actuators and Valves Market, By Application, 2019-2027 (USD Billion)

121 Brazil: Marine Actuators and Valves Market, By Material, 2019-2027 (USD Billion)

122 Brazil: Marine Actuators and Valves Market, By Size, 2019-2027 (USD Billion)

123 Moog: Mechanisms Offered

124 Wartsila: Mechanisms Offered

125 Honeywell: Mechanisms Offered

126 Rotork: Mechanisms Offered

127 Emerson: Mechanisms Offered

128 Cutiss-Wright Corporation: Mechanisms Offered

129 Rockwell Automation: Mechanisms Offered

130 Burkert Fluid Control Systems: Mechanisms Offered

131 Flowserve Corporation: Mechanisms Offered

132 Schlumberger: Mechanisms Offered

133 KITZ Corporation: Mechanisms Offered

134 Other Companies: Mechanisms Offered

List of Figures

1. Global Marine Actuators and Valves Market  Segmentation & Research Scope

2. Primary Research Partners and Local Informers

3. Primary Research Process

4. Primary Research Approaches

5. Primary Research Responses

6. Global Marine Actuators and Valves Market: Penetration & Growth Prospect Mapping

7. Global Marine Actuators and Valves Market: Value Chain Analysis

8. Global Marine Actuators and Valves Market  Drivers

9. Global Marine Actuators and Valves Market  Restraints

10. Global Marine Actuators and Valves Market  Opportunities

11. Global Marine Actuators and Valves Market  Challenges

12. Key Marine Actuators and Valves Market  Manufacturer Analysis

13. Global Marine Actuators and Valves Market: Porter’s Five Forces Analysis

14. PESTLE Analysis & Impact Analysis

15. Moog: Company Snapshot

16. Moog: Swot Analysis

17. Wartsila: Company Snapshot

18. Wartsila: Swot Analysis

19. Honeywell: Company Snapshot

20. Honeywell: Swot Analysis

21. Rotork: Company Snapshot

22. Rotork: Swot Analysis

23. Emerson: Company Snapshot

24. Emerson: Swot Analysis

25. Cutiss-Wright Corporation: Company Snapshot

26. Cutiss-Wright Corporation: Swot Analysis

27. Rockwell Automation: Company Snapshot

28. Rockwell Automation: Swot Analysis

29. Burkert Fluid Control Systems: Company Snapshot

30. Burkert Fluid Control Systems: Swot Analysis

31. Flowserve Corporation: Company Snapshot

32. Flowserve Corporation: Swot Analysis

33. Enchandia AB Software: Company Snapshot

34. Enchandia AB Software: Swot Analysis

35. Schlumberger: Company Snapshot

36. Schlumberger: Swot Analysis

37. KITZ Corporation: Company Snapshot

38. KITZ Corporation: Swot Analysis

39. Other Companies: Company Snapshot

40. Other Companies: Swot Analysis

The Global Marine Actuators and Valves Market has been studied from the year 2019 till 2027. However, the CAGR provided in the report is from the year 2022 to 2027. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Marine Actuators and Valves Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

The global marine actuators and valves market is projected to grow at a CAGR value of 4.5% from 2022 to 2027.
Wartsila (Finland), Moog (US), Honeywell (US), Rotork (UK), Emerson (US), Cutiss-Wright Corporation (US), Rockwell Automation (US), Burkert Fluid Control Systems (Germany), Flowserve Corporation (US), Schlumberger (US) and KITZ Corporation (Japan) among others are the key players in the marine actuators and valves market.
COVID-19 has had disastrous effects on the maritime industry due to disturbance in trade flows and global supply chain systems. The pandemic has also affected the manufacturing sector which also includes sectors that produce marine parts and equipment. The pandemic situation slowed down the growth of maritime transportation owing to the COVID-19 restrictions and the lack of demand for tourism. However, this has made industry leaders strategize ways to generate more enthusiasm for maritime services by upgrading parts and equipment for efficient naval operations. The post-pandemic period is expected to behave as a conducive market for the actuators and valves market owing to the steady pick-up in marine trade-activities.
The market will be driven during the forecast period by increasing demand for maritime trade and transportation, tremendous growth in the manufacturing of ships and cargo vessels, and rising government expenditure on naval equipment and transport.
The transportation and logistics industry has seen severe disruptions in its activity owing to the conflict between Russia and Ukraine. Disruption in trade routes owing to blockades in the Black Sea and other shipping routes have seen a fall in demand for shipping through seaways. With major shipping companies stopping services to and from Russia, the demand for marine engines is expected to fall from the two countries.

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