Marine Actuators and Valves Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2025

Actuators to Showcase Higher CAGR in Coming Years
The global marine actuators and valves market can be bifurcated into actuators and valves. Of these, valves
accounted for the leading market share, however, during the forecast period the actuator segment is forecast
to exhibit a higher CAGR of 6.4%. Pneumatic actuators, hydraulic actuators, manual actuators, electric
actuators, mechanical actuators, and hybrid actuators are the most common types available in the market.
Some of the commonly used valve types include linear motion valves, rotary motion valves, specialty
valves, and self-actuated valves. The linear motion valves segment is further bifurcated into globe valve,
gate valve, diaphragm valve and pinch valve. The rotary valve is segmented into ball valve, butterfly valve
and eccentric plug valve. Of these, the rotary valve segment has witnessed considerably rising demand in
the last few years, followed by ball valve.
Based on vessel type, the global actuators and valves market can be segmented into passenger ships and
ferries, dry cargo vessels, tankers, dry bulk carriers, special purpose vessels, service vessels, fishing
vessels, off-shore vessels, yachts, and others. Of these, the use of actuators and valves is the most common
in ferries and ships. The predominant use of butterfly valves and ball valves is noticed in these vessels.
Among actuator types, hydraulic actuators make the ones most commonly used in ships and ferries.
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Asia Pacific to Remain Dominant Market through Forecast Period
Regionally, Asia Pacific, Europe, North America, South America, and the Middle East and Africa constitute
the key segments in the global marine actuators and valves market. Among these regions, Asia Pacific held
the lead in the overall market. Its dominance is expected to remain unaffected through the forecast period.
The Asia Pacific marine actuators and valves market is therefore expected to hold 44.4% of the overall
market by the end of 2024.
Economic growth witnessed in major emerging economies, besides China’s transition from manufacturer
of low technology valves to a producer of myriad high-performing technology products has been of great
support to the Asia Pacific marine actuators and valves market. The development witnessed in the regional
market is also spurred by the growth witnessed in the Chinese nuclear industry.
North America has emerged as the second leading market for marine actuators and valves. Growth
witnessed in the region is augmented by its existing sophisticated industrial infrastructure.
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