Marine Actuators and Valves Market

Marine Actuators and Valves Market by Component, End User (OEM, Aftermarket), Mechanism (Pneumatic, Hydraulic, Electric, Mechanical, Hybrid), Application, Product (Actuators, Valves), Design Characteristics, Material, and Region - Global Forecast to 2025

Report Code: AS 7510 Feb, 2020, by marketsandmarkets.com

The global marine actuators and valves market size is projected to grow from USD 3.2 billion in 2019 to USD 4.2 billion by 2025, at a CAGR of 4.7% from 2019 to 2025.  Some of the factors that are expected to fuel the demand for marine actuator and marine valves is a rise in seaborne trade leading to the increasing fleet size of merchant ships, and increasing procurement of advanced vessels by navies across the globe.

Various players such as Wartsila (Finland), Moog (US), Honeywell (US), Rotork (UK), Emerson (US), Curtiss-Wright Corporation (US), Rockwell Automation (US), Woodward (US), Burkert Fluid Control Systems (Germany), Flowserve Corporation (US), Schlumberger (US), and KITZ Corporation (Japan), among others, are focusing on developing and modernizing marine actuators and marine valves, such as lightweight  & compact actuators, and electrical & explosive proof actuators.

Marine Actuators and Valves Market

Based on the application, the fuel and propulsion systems segment of the marine actuators and valves market is expected to lead in 2019.

Based on the application, the fuel and propulsion systems segment of the marine actuators and valves market is estimated to lead in 2019. Fuel and propulsion systems include water treatment plants, heat exchangers, fuel tanks, water separation systems, boilers, air dampers, superheater, turbines, condensers, generators, and steerings. Marine actuators and marine valves are required for different fuel and propulsion systems stated above. Growing ship manufacturing in the Asia Pacific region will lead to an increased demand for marine actuators and marine valves for the fuel and propulsion system applications. Selection of these marine actuators and the marine valves depends on the application and the fuctionalty to be performed, such as marine actuators are the key components of the steering systems installed in the marine vessels.

Based on the material, the alloy-based segment is projected to grow at the highest CAGR from 2019 to 2025.

Based on material, the marine actuators and valves market is segmented into stainless steel, alloy based, aluminum, and others. The alloy based segment is projected to grow at the highest CAGR during the forecast period. Manufacturers are using these alloys for marine applications, which is very versatile, possessing excellent resistance to corrosion in marine atmospheres and seawater. They are used subsea and applications include valve actuators, propellers, pipings, and heat exchanger tubing, due to their corrosion resistance, durability, thermal conductivity, which will drive the demand for marine actuators and valves.

Apollo Valves (US) and Johnson Valves (UK) offer brass-based marine valves for marine applications, whereas, William Valves (US), and Klinger Marine (Denmark) offer bronze based marine valves for marine applications. On the other hand, Rotork (UK) and Emerson (US) are some of the major manufacturers offering alloy-based marine actuators and marine valves products.

Based on the platform, the commercial segment of the marine actuators and valves is expected to lead the market in 2019.

Based on the platform, the marine actuators and valves market is segmented into commercial, and defense. The commercial platform is segmented further into passenger ships, cargo ships, and others. Passenger ships are further sub-segmented into cruise ships,  ferry, and yachts. Similarly, cargo vessels further sub-segmented into tankers, bulk carriers, and container vessels. And the “other” category is sub-segmented into motorboats, research vessels, tugs & pushing boats, dredgers, and fishing vessels.

The increasing maritime trade, and rising passenger traffic is driving the motor boat segment, in turn, opening opportunities for marine actuators and marine valves in commercial ships. Increasing demand for advanced naval vessels such as destroyers, corvettes and frigates by defense forces will lead to increased demand for marine actuators and marine valves. On the other hand growing demand for automation systems in yachts, some of the prime contractors, including Emerson (US), Rotork (UK), and Moog (US), among others, are focusing on developing advanced digitalized marine valve actuation systems, as to reduce the overall maintenance

Marine Actuators and Valves Market

The marine actuator and valves market in Europe is projected to grow at the significant  CAGR from 2019 to 2025.

Based on region, Europe is projected to grow at a significant rate during the forecast period due to the rise in the deliveries of commercial vessels such as ferries, yachts, containers, and bulk carriers, among others. The shipbuilding industry in Europe constructs complex marine vessels, such as cruise ships, ferries, yachts, submarines, and dredgers, and holds a strong position in the international market.

Moreover, the marine equipment industry in Europe offers a wide range of products/ship components that include propulsion systems, diesel engines, environmental safety systems, cargo handling systems, and related electronic products. The growth of the shipbuilding industry in Europe is one of the most significant factors contributing to the development of the marine actuator and marine valves market in the region.

Key Market Players

The major players in the marine actuator and valves market as Wartsila (Finland), Moog (US), Honeywell (US), Rotork (UK), Emerson(US), Curtiss-Wright Corporation (US), Rockwell  Automation (US), Woodward (US), Burkert Fluid Control Systems(Germany), Flowserve Corporation (US), Schlumberger (US), and KITZ Corporation (Japan), among others. These players have adopted various growth strategies such as acquisitions, expansions, new product launches, and partnerships & agreements to expand their presence in the marine actuator and valves further.

Scope of the Report

Report Metric

Details

Market size available for years

2017–2025

Base year considered

2018

Forecast period

2019–2025

Forecast Monetary Unit

Value (USD)

Segments Covered

End User, Mechanism, Application, Product, Component, Platform, Material, Design Characteristics, and Region

Regions Covered

North America, Europe, Asia Pacific, Middle East and Rest of the World

Companies Covered

Wartsila (Finland), Moog (US), Honeywell (US), Rotork (UK), Emerson (US), Curtiss-Wright Corporation (US), Rockwell Automation (US), Woodward (US), Burkert Fluid Control Systems (Germany), Flowserve Corporation (US), Schlumberger (US) KITZ Corporation (Japan)
The report covers 20 companies globally.

This research report categorizes the marine actuator and valves market based on Component, End User, mechanism, Product, Application, Design Characteristics, Material, and Region

Based on Component:

  • Actuators, By Component
    • Valve Body
    • Valve Bonnet
    • Valve Trim
  • Valves, By Component
    • Cylinder
    • Drives
    • Manifold

Based on Mechanism:

  • Pneumatic
  • Hydraulic
  • Electric
  • Mechanical
  • Manual
  • Hybrid

Based on Application:

  • Ballast and Blige systems
  • Fuel and Propulsion systems
  • Liquid Cargo Systems
  • Refrigeration Systems
  • Heating, Ventilation and Air Conditioning (HVAC) systems
  • Fire Fighting Systems
  • Portable Water Systems
  • Others

Based on End User:

  • OEM
  • Aftermarket

Based on Material:

  • Aluminum
  • Stainless Steel
  • Alloy Based
  • Others

Based on Product:

  • Valve, By Type
    • Quarter turn
      • Ball
      • Butterfly
      • Plug
      • Others
    • Multi-turn
      • Globe
      • Gate
      • Diaphragm
      • Others
  • Actuators, By Type
    • Linear Actuator
      • Rod Type
      • Screw Type
      • Bell Type
    • Rotary Actuator
      • Quarter Turn
      • Multi-turn

Based on Design Characteristics

  • Valve, By size
    • Up to 1”
    • 1” to 4”
    • 4” to ”6
    • 6” to 9”
    • 9” to 15”
    • 15” and Above
  • Actuator, by Thrust
    • 10kN
    • 10kN-100kN
    • >100kN
  • Actuator, by Torque
    • 10kNm
    • 10kNm-100kNm
    • >100kNm

Based on the Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East
  • Rest of the World

Recent Developments

  • In March 2018, Moog acquired a 100% ownership interest in VUES Brno s.r.o located in the Czech Republic, which includes a 74% ownership interest in a subsidiary located in Germany, for USD 64 million. VUES designs and manufactures customized electric motors, generators, and solutions. This operation is included in the Industrial Systems segment. In September 2018, the company acquired the remaining 26% noncontrolling interest for USD 2 million in cash.
  • In 2018, Honeywell completed two technology-oriented acquisitions with Transnorm (Germany) and Ortloff Engineers, Ltd. (US), which amounted to more than USD 500 million. Acquisition of Transnorm is aimed to enhance warehouse automation platforms and achieve a foothold in the European market. The acquisition of Ortloff is aimed to develop highly proprietary technology that enables maximum separation of gas liquids and gas.
  • In November 2018, Raytheon secured a contract worth USD 693 million from the US Army to produce Sweden's patriot integrated air and missile defense system, including spare parts, support, and training. Rotork’s CMA range of compact modulating actuators has been extended with new sizes primarily designed for reliable automation of larger linear control valves.
  • In November 2018, Emerson opened a new facility in Jukjeon, Korea, to serve its Emerson Automation Solutions to customers in Korea. This expansion is likely to help Emerson to meet the growing demand for its products from the customers in the refining, chemicals, marine, power, oil & gas, commercial, and residential markets.

Key Questions Addressed by the Report

  • What are your views on the growth perspective of the marine actuators and valves market? What are key dynamics such as drivers and opportunities, and trends that govern the growth of marine actuators and marine valves?
  • What are the key sustainability strategies adopted by leading players operating in the marine actuators and marine valves market?
  • What are the new emerging technologies and use cases disrupting the marine actuators and marine valves market?
  • What are the applications, wherein marine actuators and marine valves for commercial use play a significant role?
  • What are the key trends and opportunities in the marine actuators and valves market across different regions and their respective countries?
  • Who are the key players and innovators in the ecosystem of the marine actuators and marine valves?
  • Who are the major supplier of the marine valves and marine actuators products of the global marine marine actuators and valves market in 2019?
  • How is the competitive landscape changing in the client ecosystem and is impacting the revenues of companies?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 26)
    1.1 Study Objectives
    1.2 Market Definition and Scope
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Regional Scope
           1.3.3 Years Considered
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 30)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 Market Definition & Scope
           2.2.1 Segment Definition
                    2.2.1.1 Marine Actuators and Valves Market, By Platform
                    2.2.1.2 Marine Actuators and Valves Market, By End User
                    2.2.1.3 Marine Actuators and Valves Market, By Mechanism
                    2.2.1.4 Marine Actuators and Valves Market, By Type
                    2.2.1.5 Marine Actuators and Valves Market, By Application
                    2.2.1.6 Marine Actuators and Valves Market, By Design Characteristics
                    2.2.1.7 Marine Actuators and Valves Market, By Material
                    2.2.1.8 Marine Actuators and Valves Market, By Component
           2.2.2 Exclusion
    2.3 Research Approach and Methodology
           2.3.1 Bottom-Up Approach
                    2.3.1.1 Approach for Marine Actuators and Vales Market
                               2.3.1.1.1 Approach1: Commercial and Defense OEM Market
                               2.3.1.1.2 Approach2: Commercial and Defense Aftermarket
                               2.3.1.1.3 Approach3: Regional Splits
                               2.3.1.1.4 Pricing Analysis
           2.3.2 Top-Down Approach
    2.4 Data Triangulation
    2.5 Research Assumptions
    2.6 Limitations
           2.6.1 Executive Summary

3 Premium Insights (Page No. - 45)
    3.1 Attractive Opportunities in Marine Actuators and Valves Market
    3.2 Marine Actuators and Valves Market, By Product
    3.3 Marine Actuators Market, By Type
    3.4 Marine Actuators and Valves Market, By Region

4 Market Overview (Page No. - 47)
    4.1 Introduction
    4.2 Market Dynamics
           4.2.1 Drivers
                    4.2.1.1 Rise in Seaborne Trade Leading to Growing Requirement for Fleet of Merchant Ships
                    4.2.1.2 Growth of Maritime Tourism Industry
                    4.2.1.3 Focus of Navies Worldwide to Procure Advanced Vessels
           4.2.2 Restraints
                    4.2.2.1 Formulation and Implementation of Stringent Regulatory Norms That Must be Complied By Valve and Actuator Manufacturers
           4.2.3 Opportunities
                    4.2.3.1 Technological Advances Would Lead to Increased Demand for Actuators for Several Applications in Marine Vessels
                    4.2.3.2 Introduction of Lightweight and Durable Valves
                    4.2.3.3 Growth in use of Inland Waterways
           4.2.4 Challenges
                    4.2.4.1 Power Consumption, Noise, and Leakage Issues Associated With Actuators and Valves

5 Industry Trends (Page No. - 54)
    5.1 Introduction
    5.2 Technology Trends
           5.2.1 Adoption of Electric Actuators in Marine Vessels and Surface Ships
           5.2.2 Development of Actuation Systems for Autonomous Underwater Vehicle (AUV)
           5.2.3 Rising Usage of Explosion-Proof Actuators
           5.2.4 USE of Advanced Materials
    5.3 Marines Actuators and Valves Ecosystem
           5.3.1 Prominent Players
                    5.3.1.1 OEM
                    5.3.1.2 Aftermarket
    5.4 Design Landscape
           5.4.1 Component Design
                    5.4.1.1 Weight
                    5.4.1.2 Strength
           5.4.2 Marine Operations
                    5.4.2.1 Durability
                    5.4.2.2 Reparability
           5.4.3 Manufacturing
                    5.4.3.1 Raw Material
                    5.4.3.2 Reproducibility
    5.5 Innovation and Patent Registrations

6 Marine Actuators and Valves Market, By Product (Page No. - 59)
    6.1 Introduction
    6.2 Marine Valves Market, By Type
           6.2.1 Quarter-Turn Valves
                    6.2.1.1 Ball Valves
                               6.2.1.1.1 Rising use of Ball Valves in Various Applications Such as Water Treatment Plants, Ballast and Bilge Systems, Fuel Distribution to Drive Market
                    6.2.1.2 Butterfly Valves
                               6.2.1.2.1 Growing Adoption of Butterfly Valves in Marine Applications Such as Ballast Systems and Oil Cargo Pumping Systems to Boost Market Growth
                    6.2.1.3 Plug Valves
                               6.2.1.3.1 Increasing Concerns for Operational Safety of Ships is Expected to Drive the Market
                    6.2.1.4 Others
           6.2.2 Multi-Turn Valves
                    6.2.2.1 Globe Valves
                               6.2.2.1.1 Adoption of Advanced Materials for Globe Valves to Drive Market
                    6.2.2.2 Gate Valves
                               6.2.2.2.1 USE of Advanced Materials in Gate Valves to Propel Market Growth
                    6.2.2.3 Diaphragm Valves
                               6.2.2.3.1 USE of Lightweight, Compact, and Corrosion-Resistant Materials for Diaphragm Valves to Drive Marine Actuators and Valves Market Growth
                    6.2.2.4 Others
    6.3 Marine Actuator Market, By Type
                    6.3.1.1 Linear Actuators
                               6.3.1.1.1 Rod-Type Linear Actuators
                                             6.3.1.1.1.1 Increasing use of Rod-Type Linear Actuators in Ship Structures to Carry Loads
                               6.3.1.1.2 Screw-Type Linear Actuators
                                             6.3.1.1.2.1 Growing use of the Linear Actuators in the Motorboats
                               6.3.1.1.3 Belt-Type Linear Actuators
                                             6.3.1.1.3.1 Increasing use of Belt-Type Linear Actuators to Increase Operational Efficiency of Marine Vessel Automation
                    6.3.1.2 Rotary Actuators
                               6.3.1.2.1 Quarter-Turn Actuators
                                             6.3.1.2.1.1 Increasing use of Butterfly and Ball Valves to Accelerate Demand for Quarter-Turn Actuators
                               6.3.1.2.2 Multi-Turn Actuators
                                             6.3.1.2.2.1 Rising use of Multi-Turn Bilge and Crossover Valve Manifolds to Augment Demand for Multi-Turn Actuators

7 Marine Actuators and Valves Market, By Mechanism (Page No. - 68)
    7.1 Introduction
                    7.1.1.1 Pneumatic
                               7.1.1.1.1 Compact Pneumatic Linear Actuators are Increasingly Being Used in Commercial Shipbuilding Industry
                    7.1.1.2 Hydraulic
                               7.1.1.2.1 Hydraulic Actuators are Growingly Being Adopted in Steering Mechanism of Marine Vessels
                    7.1.1.3 Electric
                               7.1.1.3.1 Low-Maintenance Marine Actuators and Valves Have Increased Demand in Shipbuilding Industry
                    7.1.1.4 Mechanical
                               7.1.1.4.1 Mechanical Actuators Find Applications in Ship Components Such as Drives and Manifolds
                    7.1.1.5 Manual
                               7.1.1.5.1 Manual Valves are Deployed in Cargo Vessels, Mainly for Flow Control Applications
                    7.1.1.6 Hybrid
                               7.1.1.6.1 Technological Advancements Enable Higher Adoption of Electro-Hydraulic Actuators in Marine Applications

8 Marine Actuators and Valves Market, By Component (Page No. - 73)
    8.1 Introduction
    8.2 Marine Valves Market, By Component
           8.2.1 Valve Body
                    8.2.1.1 Increased Demand for Maintenance and Repair Services for Commercial and Defense Ships
           8.2.2 Valve Bonnet
                    8.2.2.1 High Adoption of Casted and Forged Valve Bonnets in Marine Vessels
           8.2.3 Valve Trim
                    8.2.3.1 Regular Maintenance and Repair Activities Leading to Increased Demand for Valve Trim Components
    8.3 Marine Actuators Market, By Component
           8.3.1 Cylinders
                    8.3.1.1 Increased use of Advanced Materials While Manufacturing Cylinders
           8.3.2 Drives
                    8.3.2.1 High Penetration Rate of Drives to Control Motor Speed
           8.3.3 Manifolds
                    8.3.3.1 Technological Advancements in Manifolds Add Extra Protection

9 Marine Actuators and Valves Market, By Design Characteristics (Page No. - 78)
    9.1 Introduction
    9.2 Marine Valves Market, By Size
           9.2.1 Up to 1”
                    9.2.1.1 Up to 1” Control Valves are Increasingly Being Used in Commercial Vessels
           9.2.2 >1” to 4”
                    9.2.2.1 >1" to 4 Marine Valves are Most Commonly Used Valves in Marine Vessels
           9.2.3 >4” to 6”
                    9.2.3.1 >4"To6" Marine Valves are Used in Medium-Pressure Applications
           9.2.4 >6” to 9”
                    9.2.4.1 >6" to 9" Valves are Increasingly Being Used in Defense Vessels
           9.2.5 >9” to 15”
                    9.2.5.1 >9” to 15” Marine Valves are Widely Used in Oil Tankers
           9.2.6 15” and Above
                    9.2.6.1 >15” Valves are Used in Aircraft Carriers
    9.3 Marine Actuators Market, By Thrust
           9.3.1 <10 Kn
           9.3.2 10 Kn to 100 Kn
           9.3.3 >100 Kn
    9.4 Marine Actuator Market, By Torque
           9.4.1 <10 Knm
           9.4.2 10 Knm–100 Knm
           9.4.3 >100 Knm

10 Marine Actuators and Valves Market, By Application (Page No. - 83)
     10.1 Introduction
     10.2 Ballast and Bilge System
             10.2.1 Growing Fleet of Cargo Vessels Would Lead to Increased Demand for Marine Actuators and Valves to Deploy in Ballast and Bilge Systems
             10.2.2 Ballast Tank
             10.2.3 Bilge
             10.2.4 Slop Tank
     10.3 Fuel and Propulsion System
             10.3.1 Growing Shipbuilding Activities in Asia Pacific Increases Demand for Marine Actuators and Valves for Implementation in Fuel and Propulsion Systems
             10.3.2 Water Treatment Plant
             10.3.3 Heat Exchanger
             10.3.4 Fuel Tank
             10.3.5 Water Seperation System
             10.3.6 Boiler
             10.3.7 Air Damper
             10.3.8 Superheater
             10.3.9 Turbine
             10.3.10 Condensor
             10.3.11 Generator
             10.3.12 Steering
     10.4 Liquid Cargo System
             10.4.1 Rising Procurement of Tanker Vessels Increases Demand for Marine Actuators and Valves in Liquid Cargo System Applications
             10.4.2 Manifold
             10.4.3 Cargo Tanks
     10.5 Refrigeration Systems
             10.5.1 Surging Demand for High-Endurance, Long-Range Advanced Marine Vessels Leading to Increased Demand for Refrigeration Systems to Store Refrigerated Cargo
     10.6 Heat, Ventilation, and Air-Conditioning (Hvac) System
             10.6.1 Increasing Need for Advanced Marine Actuators and Valves to be Installed in HVAC Systems of Marine Vessels Require
     10.7 Fire Fighting System
             10.7.1 Rising Fire Safety Issues on Marine Vessels Would Lead to Adoption of Advanced Marine Actuators and Valves
     10.8 Portable Water System
             10.8.1 Increasing Maritime Tourism Will Lead to Adoption of High-End Marine Actuators and Valves for Safe Operations of Portable Water Systems
     10.9 Others

11 Marine Actuators and Valves Market, By Platform (Page No. - 90)
     11.1 Introduction
     11.2 Commercial
             11.2.1 Passenger Vessels
                       11.2.1.1 Yachts
                                   11.2.1.1.1 High Demand for Linear Actuators in Yachts
                       11.2.1.2 Ferries
                                   11.2.1.2.1 Rapid Advancements in Propulsion Technology Would Lead to Increase Need for Retrofitting of Ferries
                       11.2.1.3 Cruises
                                   11.2.1.3.1 Increased Automation in Cruise Ships Leading to Higher Adoption of Electric and Hybrid Actuators
             11.2.2 Cargo Vessels
                       11.2.2.1 Container Vessels
                                   11.2.2.1.1 Increasing Seaborne Trade Leading to Growing Fleet Size of Container Vessels
                       11.2.2.2 Bulk Carriers
                                   11.2.2.2.1 Japan and China to Witness Highest Demand for Marine Actuators and Valves
                       11.2.2.3 Tankers
                                   11.2.2.3.1 Rising Demand for Oil Tankers to Transport Lng Leading to Increased Size of Tankers
                       11.2.2.4 General Cargo Ships
                                   11.2.2.4.1 Increasing Procurement of Marine Valves and Actuators Owing to Modernization of General Cargo Vessels
             11.2.3 Others
                       11.2.3.1 Fishing Vessels
                                   11.2.3.1.1 Rising Demand for Next-Generation Fishing Vessels to Have Positive Impact on Growth of Marine Actuators and Valves Market
                       11.2.3.2 Dredgers
                                   11.2.3.2.1 Growing use of Dredgers for Removal of Contamination From Seabed
                       11.2.3.3 Tugs and Pushing Boats
                                   11.2.3.3.1 Increasing Focus on Development of Advanced Remote Controlled and Autonomous Tugs
                       11.2.3.4 Research Vessels
                                   11.2.3.4.1 Increasing Demand for Oceanographic Research, Seismic Surveys, Polar Research, Fisheries Research, and Oil Exploration Research Leading to Construction of Research Vessels
                       11.2.3.5 Motorboats
                                   11.2.3.5.1 US Would be Largest Manufacture of Motorboats
             11.2.4 Defense
                       11.2.4.1 Destroyers
                                   11.2.4.1.1 Increasing Procurement of Destroyers By Countries Such as US and China
                       11.2.4.2 Frigates
                                   11.2.4.2.1 Rising Demand for Construction and Maintenance of Frigates in Coming Years
                       11.2.4.3 Corvettes
                                   11.2.4.3.1 Increasing Focus of China on Strengthening Naval Security By Induction of Advanced Corvettes By 2030
                       11.2.4.4 Submarines
                                   11.2.4.4.1 US, China, and India are Working to Develop Advanced Submarines, Thereby Having High Demand for Marine Actuators and Valves in Coming Years
                       11.2.4.5 Offshore Support Vessels
                                   11.2.4.5.1 Increased Automation in Offshore Patrol Vessels Leading to Additional Demand for Marine Actuators and Valves
                       11.2.4.6 Aircraft Carriers
                                   11.2.4.6.1 Countries Such as India, US, and China are Constructing Advanced Aircraft Carriers for Strengthening Their Naval Fleet
                       11.2.4.7 Amphibious Ships
                                   11.2.4.7.1 US to Operate Largest Fleet of Amphibious Ships
                       11.2.4.8 Others

12 Marine Actuators and Valves Market, By Material (Page No. - 101)
     12.1 Introduction
     12.2 Aluminum
             12.2.1 Aluminum Actuators and Valves are Increasingly Being Used in Commercial Ships
     12.3 Stainless Steel
             12.3.1 Stainless Steel Valves and Actuators are in Demand for use in Recreational Boats
     12.4 Alloy Based
             12.4.1 Brass and Bronze Material-Based Valves and Actuators Find Applications in Commercial Ships
     12.5 Others

13 Marine Actuators and Valves Market, By End User (Page No. - 105)
     13.1 Introduction
     13.2 Original Equipment Manufacturer (OEM)
             13.2.1 Increased Manufacturing of Commercial Ships Installed With Advanced Technology-Based Components Boost Growth of OEM Segment
     13.3 Aftermarket
             13.3.1 Growing Emphasis on Replacement of Aging Systems and Components for Improved Operational Efficiency Drive Market for Aftermarket Segment

14 Regional Analysis (Page No. - 109)
     14.1 Introduction
     14.2 North America
                       14.2.1.1 US
                                   14.2.1.1.1 Upcoming US Naval Fleet Modernization Program Leading to Increased Demand for Marine Actuators and Valves in Country
                       14.2.1.2 Canada
                                   14.2.1.2.1 Canada Government’s Strategic Decision to Develop Its Own Indigenous Marine Industry Fuels Growth of Marine Actuators and Valves Market in This Country
     14.3 Europe
                       14.3.1.1 UK
                                   14.3.1.1.1 Rising Trend of Maritime Trade in UK Leading to Procurement of Commercial Vessels
                       14.3.1.2 France
                                   14.3.1.2.1 Increasing Procurement of Auxiliary Tankers and Patrol Boats for France Navy
                       14.3.1.3 Germany
                                   14.3.1.3.1 Growing Maritime Transportation to Export Good Via Seagoing Vessels to Fuel German Marine Actuators and Valves Market Growth
                       14.3.1.4 Russia
                                   14.3.1.4.1 Increasing Need to Modernize Naval Fleet and Procurement of New-Generation Naval Vessels to Drive Marine Actuators and Valves Market During Forecast Period
                       14.3.1.5 Italy
                                   14.3.1.5.1 Italian Naval Fleet Renewal Plan to Propel Marine Actuators and Valves Market
                       14.3.1.6 Greece
                                   14.3.1.6.1 Ongoing Traditional Shipping and Marine Services in Greece are Anticipated to Drive Greek Marine Actuators and Valves Market
                       14.3.1.7 Spain
                                   14.3.1.7.1 Ongoing Efforts of Spanish Shipping Companies to Construct Massive Fleet to Surge Demand for Marine Actuator and Valves
                       14.3.1.8 Rest of Europe
     14.4 Asia Pacific
                       14.4.1.1 China
                                   14.4.1.1.1 Growing Interest in Fishing Activities and Traveling Via Cruise Ships, as Well as Increasing Need for Merchant Ships, to Stimulate Demand for Marine Actuators and Valves in China
                       14.4.1.2 South Korea
                                   14.4.1.2.1 Increasing Focus on Building Heavy Ships to Boost Demand for Marine Actuators and Valves in South Korea
                       14.4.1.3 Japan
                                   14.4.1.3.1 Growing Attraction Toward Fishing and Cruising to Bolster Demand for Marine Actuators and Valves in Japan
                       14.4.1.4 Australia
                                   14.4.1.4.1 Rising Focus of Australian Government on Manufacturing Commercial Vessels to Propel Market for Ship Equipment
                       14.4.1.5 India
                                   14.4.1.5.1 Increasing Defense Expenditure on Naval Vessels to Accelerate Demand for Marine Actuators and Valves in India in Coming Years
                       14.4.1.6 Singapore
                                   14.4.1.6.1 Increasing Maritime Trade in the Country Leading to Regular Ship Repair and Maintenance Activities
                       14.4.1.7 Rest of Asia Pacific
     14.5 Middle East
                       14.5.1.1 Saudi Arabia
                                   14.5.1.1.1 Increasing Need to Retrofit Commercial Vessels in Saudi Arabia
                       14.5.1.2 United Arab Emirates
                                   14.5.1.2.1 Rising Demand for Container and Tanker Vessels Leading to Heavy Demand for Marine Actuators and Valves
                       14.5.1.3 Israel
                                   14.5.1.3.1 Rising Dependence on Maritime Trade Led to Increased Demand for Marine Actuators and Valves Market
                       14.5.1.4 Turkey
                                   14.5.1.4.1 Increasing Contribution of Turkish Shipbuilding Industry in Constructing New Ships and Retrofit Old Ones to Fuel Growth of Turkish Marine Actuators and Valves Market
                       14.5.1.5 Rest of Middle East
                                   14.5.1.5.1 Growing Focus of Middle Eastern Government on Procurement of Naval Vessels Leading to Higher Demand for Marine Actuators and Valves Market in Country
     14.6 Rest of the World (RoW)
                       14.6.1.1 Latin America
                                   14.6.1.1.1 Brazil is Most Contributing Country in Latin American Marine Valves and Actuators Market
                       14.6.1.2 Africa
                                   14.6.1.2.1 South Africa is Potential Market for Marine Actuators and Valves

15 Competitive Landscape (Page No. - 154)
     15.1 Introduction
     15.2 Competitive Leadership Mapping
             15.2.1 Visionary Leaders
             15.2.2 Innovators
             15.2.3 Dynamic Differentiators
             15.2.4 Emerging Companies
     15.3 Major Players in Marine Actuators and Valves Market
     15.4 Competitive Scenario
             15.4.1 Product Developments and Expansions
             15.4.2 Contracts
             15.4.3 Partnerhips, Joint Ventures, and Collaborations
             15.4.4 Acquisitions

16 Company Profiles (Page No. - 162)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     16.1 MOOG
     16.2 Honeywell International Inc.
     16.3 Rotork
     16.4 Emerson
     16.5 Curtiss-Wright Corporation
     16.6 Other Major Players
     16.7 Bόrkert Fluid Control Systems
     16.8 Flowserve Corporation
     16.9 IMI PLC.
     16.10 Schlumberger
     16.11 KITZ Corporation
     16.12 Diakont
     16.13 Ultra Motion
     16.14 AVK Group
     16.15 Hunt Valve
     16.16 Woodward
     16.17 AUMA Riester GmbH & Co. Kg
     16.18 Rockwell Automation
     16.19 Wδrtsilδ Corporation
     16.20 Samson Group
     16.21 Atlas Marine Valves
     16.22 Other Major Players
               16.22.1 Johnson Valves
               16.22.2 Meson Group
               16.22.3 Hawa Valves
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not be Captured in Case of Unlisted Companies.

17 Appendix (Page No. - 225)
     17.1 Discussion Guide
     17.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     17.3 Available Customisation
     17.4 Related Reports
     17.5 Author Details


List of Tables (142 Tables)

Table 1 USD Exchange Rates
Table 2 Total Cruise Passenger Growth in 2018
Table 3 Naval Ship Procurement Plan of US – 2019
Table 4 Innovation and Patent Registration, July 2014
Table 5 Marine Actuators and Valves Market, By Product, 2017–2025 (USD Million)
Table 6 Quarter-Turn Marine Valves Market, By Type, 2017–2025 (USD Million)
Table 7 Multi-Turn Marine Valves Market, By Type, 2017–2025 (USD Million)
Table 8 Marine Actuators Market, By Type, 2017–2025 (USD Million)
Table 9 Marine Linear Actuators Market, By Type, 2017–2025 (USD Million)
Table 10 Marine Rotary Actuators Market, By Type, 2017–2025 (USD Million)
Table 11 Marine Actuators and Valves Market, By Mechanism, 2017–2025 (USD Million)
Table 12 Marine Actuators and Valves Market, By Component, 2017–2025 (USD Million)
Table 13 Marine Valves Market, By Component, 2017–2025 (USD Million)
Table 14 Marine Actuators Market, By Component, 2017–2025 (USD Million)
Table 15 Marine Valves Market, By Type, 2019–2025 (USD Million)
Table 16 Marine Actuators Market, By Thrust, 2019–2025 (USD Million)
Table 17 Marine Actuators Market, By Torque, 2019–2025 (USD Million)
Table 18 Marine Actuator and Valves Market, By Application, 2017–2025 (USD Million)
Table 19 Marine Actuators and Valves Market, By Platform, 2017–2025 (USD Million)
Table 20 Marine Actuators and Valves Market for Passenger Vessels, By Ship Type, 2017–2025 (USD Million)
Table 21 Marine Actuators and Valves Market for Cargo Vessels, By Ship Type, 2017–2025 (USD Million)
Table 22 Marine Actuators and Valves Market for Other Ships, By Type, 2017–2025 (USD Million)
Table 23 Marine Actuators and Valves Market for Defense Platform, By Ship Type, 2017–2025 (USD Million)
Table 24 Marine Actuators and Valves Market, By Material, 2017–2025 (USD Million)
Table 25 Marine Actuators and Valves Market, By End User,  2019–2025 (USD Million)
Table 26 World Fleet, By Principal Vessel Type, 2017–2018 (Thousands of Deadweight Tons)
Table 27 Age Distribution of World Merchant Fleet, By Vessel Type, 2018
Table 28 Marine Actuators and Valves Market, By Region, 2017–2025 (USD Million)
Table 29 Marine Actuators and Valves Market in North America, By End User, 2017–2025 (USD Million)
Table 30 Marine Actuators and Valves Market in North America, By Mechanism, 2017–2025 (USD Million)
Table 31 Marine Actuators and Valves Market in North America, By Product, 2017–2025 (USD Million)
Table 32 Marine Actuators and Valves Market in North America, By Valve Type, 2017–2025 (USD Million)
Table 33 Marine Actuators and Valves Market in North America, By Actuator Type, 2017–2025 (USD Million)
Table 34 Marine Actuators and Valves Market in North America, By Platform, 2017–2025 (USD Million)
Table 35 Marine Actuators and Valves Market in North America, By Country, 2017–2025 (USD Million)
Table 36 Marine Actuators and Valves Market in US, By Product, 2017–2025 (USD Million)
Table 37 Marine Actuators and Valves Market in US, By Platform, 2017–2025 (USD Million)
Table 38 Marine Actuators and Valves Market in US, By Mechanism, 2017–2025 (USD Million)
Table 39 Marine Actuators and Valves Market in Canada, By Product, 2017–2025 (USD Million)
Table 40 Marine Actuators and Valves Market in Canada, By Platform, 2017–2025 (USD Million)
Table 41 Marine Actuators and Valves Market in Canada, By Mechanism, 2017–2025 (USD Million)
Table 42 Marine Actuators and Valves Market in Europe, By End User, 2017–2025 (USD Million)
Table 43 Marine Actuators and Valves Market in Europe, By Mechanism, 2017–2025 (USD Million)
Table 44 Marine Actuators and Valves Market in Europe, By Product, 2017–2025 (USD Million)
Table 45 Marine Actuators and Valves Market in Europe, By Valve Type, 2017–2025 (USD Million)
Table 46 Marine Actuators and Valves Market in Europe, By Actuator Type, 2017–2025 (USD Million)
Table 47 Marine Actuators and Valves Market in Europe, By Platform, 2017–2025 (USD Million)
Table 48 Marine Actuators and Valves Market in Europe, By Country, 2017–2025 (USD Million)
Table 49 Marine Actuators and Valves Market in UK, By Product,  2017–2025 (USD Million)
Table 50 Marine Actuators and Valves Market in UK, By Platform, 2017–2025 (USD Million)
Table 51 Marine Actuators and Valves Market in UK, By Mechanism, 2017–2025 (USD Million)
Table 52 Marine Actuators and Valves Market in France, By Product, 2017–2025 (USD Million)
Table 53 Marine Actuators and Valves Market in France, By Platform, 2017–2025 (USD Million)
Table 54 Marine Actuators and Valves Market in France, By Mechanism, 2017–2025 (USD Million)
Table 55 Marine Actuators and Valves Market in Germany, By Product, 2017–2025 (USD Million)
Table 56 Marine Actuators and Valves Market in Germany, By Platform, 2017–2025 (USD Million)
Table 57 Marine Actuators and Valves Market in Germany, By Mechanism, 2017–2025 (USD Million)
Table 58 Marine Actuators and Valves Market in Russia, By Product, 2017–2025 (USD Million)
Table 59 Marine Actuators and Valves Market in Russia, By Platform, 2017–2025 (USD Million)
Table 60 Marine Actuators and Valves Market in Russia, By Mechanism, 2017–2025 (USD Million)
Table 61 Marine Actuators and Valves Market in Italy, By Product, 2017–2025 (USD Million)
Table 62 Marine Actuators and Valves Market in Italy, By Platform, 2017–2025 (USD Million)
Table 63 Marine Actuators and Valves Market in Italy, By Mechanism, 2017–2025 (USD Million)
Table 64 Marine Actuators and Valves Market in Greece, By Product, 2017–2025 (USD Million)
Table 65 Marine Actuators and Valves Market in Greece, By Platform, 2017–2025 (USD Million)
Table 66 Marine Actuators and Valves Market in Greece, By Mechanism, 2017–2025 (USD Million)
Table 67 Marine Actuators and Valves Market in Spain, By Product, 2017–2025 (USD Million)
Table 68 Marine Actuators and Valves Market, By Platform in Spain, 2017–2025 (USD Million)
Table 69 Marine Actuators and Valves Market in Spain, By Mechanism, 2017–2025 (USD Million)
Table 70 Marine Actuators and Valves Market in Rest of Europe, By Product, 2017–2025 (USD Million)
Table 71 Marine Actuators and Valves Market in Rest of Europe, By Platform, 2017–2025 (USD Million)
Table 72 Marine Actuators and Valves Market Rest of Europe, By Mechanism, 2017–2025 (USD Million)
Table 73 Marine Actuators and Valves Market in Asia Pacific, By End User, 2017–2025 (USD Million)
Table 74 Marine Actuators and Valves Market in Asia Pacific, By Mechanism, 2017–2025 (USD Million)
Table 75 Marine Actuators and Valves Market in Asia Pacific, By Product, 2017–2025 (USD Million)
Table 76 Marine Actuators and Valves Market in Asia Pacific, By Valve Type, 2017–2025 (USD Million)
Table 77 Marine Actuators and Valves Market in Asia Pacific, By Actuator Type, 2017–2025 (USD Million)
Table 78 Marine Actuators and Valves Market in Asia Pacific, By Platform, 2017–2025 (USD Million)
Table 79 Marine Actuators and Valves Market in Asia Pacific, By Country, 2017–2025 (USD Million)
Table 80 Marine Actuators and Valves Market in China, By Product, 2017–2025 (USD Million)
Table 81 Marine Actuators and Valves Market in China, By Platform, 2017–2025 (USD Million)
Table 82 Marine Actuators and Valves Market in China, By Mechanism, 2017–2025 (USD Million)
Table 83 Marine Actuators and Valves Market in South Korea, By Product, 2017–2025 (USD Million)
Table 84 Marine Actuators and Valves Market in South Korea, By Platform, 2017–2025 (USD Million)
Table 85 Marine Actuators and Valves Market in South Korea, By Mechanism, 2017–2025 (USD Million)
Table 86 Marine Actuators and Valves Market in Japan, By Product, 2017–2025 (USD Million)
Table 87 Marine Actuators and Valves Market in Japan, By Platform, 2017–2025 (USD Million)
Table 88 Marine Actuators and Valves Market in Japan, By Mechanism, 2017–2025 (USD Million)
Table 89 Marine Actuators and Valves Market in Australia, By Product, 2017–2025 (USD Million)
Table 90 Australia Marine Actuators and Valves Market, By Platform, 2017–2025 (USD Million)
Table 91 Marine Actuators and Valves Market in Australia, By Mechanism, 2017–2025 (USD Million)
Table 92 Marine Actuators and Valves Market in India, By Product, 2017–2025 (USD Million)
Table 93 Marine Actuators and Valves Market in India, By Platform, 2017–2025 (USD Million)
Table 94 Marine Actuators and Valves Market in India, By Mechanism, 2017–2025 (USD Million)
Table 95 Marine Actuators and Valves Market in Singapore, By Product, 2017–2025 (USD Million)
Table 96 Marine Actuators and Valves Market in Singapore, By Platform, 2017–2025 (USD Million)
Table 97 Marine Actuators and Valves Market in Singapore, By Mechanism, 2017–2025 (USD Million)
Table 98 By Product, 2017–2025 (USD Million)
Table 99 Marine Actuators and Valves Market in Rest of Asia Pacific, By Platform, 2017–2025 (USD Million)
Table 100 Marine Actuators and Valves Market in Rest of Asia Pacific, By Mechanism, 2017–2025 (USD Million)
Table 101 Marine Actuators and Valves Market in Middle East, By End User, 2017–2025 (USD Million)
Table 102 Marine Actuators and Valves Market in Middle East, By Mechanism, 2017–2025 (USD Million)
Table 103 Marine Actuators and Valves Market in Middle East, By Product, 2017–2025 (USD Million)
Table 104 Marine Actuators and Valves Market in Middle East, By Valve Type, 2017–2025 (USD Million)
Table 105 Marine Actuators and Valves Market in Middle East, By Actuator Type, 2017–2025 (USD Million)
Table 106 Marine Actuators and Valves Market in Middle East, By Platform, 2017–2025 (USD Million)
Table 107 Marine Actuators and Valves Market in Middle East, By Country, 2017–2025 (USD Million)
Table 108 Marine Actuators and Valves Market in Saudi Arabia, By Product, 2017–2025 (USD Million)
Table 109 Marine Actuators and Valves Market Saudi Arabia, By Platform, 2017–2025 (USD Million)
Table 110 Marine Actuators and Valves Market in Saudi Arabia, By Mechanism, 2017–2025 (USD Million)
Table 111 Marine Actuators and Valves Market in UAE, By Product, 2017–2025 (USD Million)
Table 112 Marine Actuators and Valves Market in UAE, By Platform, 2017–2025 (USD Million)
Table 113 Marine Actuators and Valves Market in UAE, By Mechanism, 2017–2025 (USD Million)
Table 114 Marine Actuators and Valves Market in Israel, By Product, 2017–2025 (USD Million)
Table 115 Marine Actuators and Valves Market in Israel, By Platform, 2017–2025 (USD Million)
Table 116 Marine Actuators and Valves Market in Israel, By Mechanism, 2017–2025 (USD Million)
Table 117 Marine Actuators and Valves Market in Turkey, By Product, 2017–2025 (USD Million)
Table 118 Marine Actuators and Valves Market in Turkey, By Platform, 2017–2025 (USD Million)
Table 119 Marine Actuators and Valves Market in Turkey, By Mechanism, 2017–2025 (USD Million)
Table 120 Marine Actuators and Valves Market in Rest of Middle East, By Product, 2017–2025 (USD Million)
Table 121 Marine Actuators and Valves Market in Rest of Middle East, By Platform, 2017–2025 (USD Million)
Table 122 Marine Actuators and Valves Market in Rest of Middle East, By Mechanism, 2017–2025 (USD Million)
Table 123 Marine Actuators and Valves Market in RoW, By End User, 2017–2025 (USD Million)
Table 124 Marine Actuators and Valves Market in RoW, By Mechanism, 2017–2025 (USD Million)
Table 125 Marine Actuators and Valves Market in RoW, By Product, 2017–2025 (USD Million)
Table 126 Marine Actuators and Valves Market By RoW, By Valve Type, 2017–2025 (USD Million)
Table 127 Marine Actuators and Valves Market in RoW, By Actuator Type, 2017–2025 (USD Million)
Table 128 Marine Actuators and Valves Market in RoW, By Platform, 2017–2025 (USD Million)
Table 129 Marine Actuators and Valves Market in RoW, By Region, 2017–2025 (USD Million)
Table 130 Marine Actuators and Valves Market in Latin America, By Product, 2017–2025 (USD Million)
Table 131 Marine Actuators and Valves Market in Latin America, By Platform, 2017–2025 (USD Million)
Table 132 Marine Actuators and Valves Market in Latin America, By Mechanism, 2017–2025 (USD Million)
Table 133 Marine Actuators and Valves Market in Africa, By Product, 2017–2025 (USD Million)
Table 134 Marine Actuators and Valves Market in Africa, By Platform, 2017–2025 (USD Million)
Table 135 Marine Actuators and Valves Market in Africa, By Mechanism, 2017–2025 (USD Million)
Table 136 Product Developments and Expansions, 2015– 2019
Table 137 Contracts, 2014-2019
Table 138 Partnerships, Joint Ventures, and Collaborations, 2016– 2019
Table 139 Acquistions, 2016–2019
Table 140 MOOG: SWOT Analysis
Table 141 Rotork: SWOT Analysis
Table 142 Curtis-Wright: SWOT Analysis
 
 
List of Figures (48 Figures)
 
Figure 1 Report Process Flow
Figure 2 Marine Actuators and Valves Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Marine Actuators and Valves Market: Data Triangulation
Figure 7 Assumptions for Research Study on Marine Actuators and Valves Market
Figure 8 Electric Segment Projected to Lead Marine Actuators AMD Valves Market By 2025
Figure 9 OEM Projected to Account for Larger Size of Marine Actuators AMD Valves Market in 2025
Figure 10 Commercial Ships to Dominate Marine Actuators AMD Valves Market During Forecast Period
Figure 11 Actuators to Hold Larger Size of Marine Actuators AMD Valves Market During Forecast Period
Figure 12 Asia Pacific to Command Marine Actuators AMD Valves Market During Forecast Period
Figure 13 Increase in Seaborne Trade and Rise in Procurement of Advanced Vessels to Drive Marine Actuators and Valves Market From 2019 to 2025
Figure 14 Actuators to Lead Account for Larger Share of Marine Actuators and Valves Market in 2019
Figure 15 Rotary Marine Actuators to Continue to Account for Larger Market Share During Forecast Period
Figure 16 Asia Pacific to Register Highest CAGR in Marine Actuators and Valves Market During Forecast Period
Figure 17 Marine Actuators and Valves Market Dynamics
Figure 18 Global Seaborne Trade, By Traded Quantity, 2005–2017
Figure 19 Global Merchant Fleet Growth (2008–2017)
Figure 20 Global Ocean Cruise Passenger (In Millions)
Figure 21 Supply-Side Ecosystem: Marine Actuators and Valves Market
Figure 22 Marine Actuators and Valves Market, By Product, 2017–2025 (USD Million)
Figure 23 Marine Valves Market, By Type, 2017–2025 (USD Million)
Figure 24 Marine Actuators Market, By Type, 2017–2025 (USD Million)
Figure 25 Marine Actuators and Valves Market, By Mechanism, 2019–2025 (USD Million)
Figure 26 Marine Valves Market, By Component, 2017–2025 (USD Million)
Figure 27 Marine Actuators Market, By Component, 2017–2025 (USD Million)
Figure 28 Marine Valves Market, By Valve Size, 2019–2025 (USD Million)
Figure 29 Marine Actuators and Valves Market, By Application, 2019–2025 (USD Million)
Figure 30 Marine Actuators and Valves Market, By Platform, 2019–2025 (USD Million)
Figure 31 Marine Actuators and Valves Market, By Material, 2017 To2025 (USD Million)
Figure 32 Marine Actuators and Valves Market, By End User, 2019–2025 (USD Million)
Figure 33 Asia Pacific Estimated to Hold Largest Share of Marine Actuators and Valves Market in 2019
Figure 34 Snapshot of Marine Actuators and Valves Market in Asia Pacific
Figure 35 Key Developments By Leading Players in Marine Actuators and Valves Market From 2015 to 2019
Figure 36 Marine Actuators and Valves Market Competitive Leadership Mapping, 2018
Figure 37 Major Players in Marine Actuators and Valves Market in 2018
Figure 38 MOOG: Company Snapshot
Figure 39 Honeywell International Inc: Company Snapshot
Figure 40 Rotork: Company Snapshot
Figure 41 Emerson: Company Snapshot
Figure 42 Curtiss-Wright Corporation: Company Snapshot
Figure 43 Flowserve Corporation: Company Snapshot
Figure 44 IMI PLC.: Company Snapshot
Figure 45 Schlumberger: Company Snapshot
Figure 46 Woodward: Company Snapshot
Figure 47 Rockwell Automation: Company Snapshot
Figure 48 Wδrtsilδ Corporation: Company Snapshot

Exhaustive secondary research was undertaken to collect information on the marine actuators and valves market, its adjacent markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both demand and supply-side analyses were employed to estimate the overall size of the market. Thereafter, market breakdown and data triangulation procedures were used to estimate the market sizes of different segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Statista, World Bank, SEA Europe, SEA Japan, UNCTAD, Factiva, Bloomberg, BusinessWeek, SEC filing, annual reports, press releases & investor presentations of companies, certified publications, and articles by recognized authors were referred to for identifying and collecting information on the marine actuator and valves market.

Primary Research

The marine actuators and valves market comprise several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and integratory and regulatory organizations in its supply chain. The demand side of this market is characterized by various end-users such as commercial organizations and military forces of different countries. The supply side is characterized by technologically advanced hardware and services for Marine actuators and valves. The following is the breakdown of the primary respondents that were interviewed to obtain qualitative and quantitative information about the marine actuator and valves market.

Marine Actuators and Valves Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the marine actuators and valves market. These methods were also used extensively to estimate the size of various segments and subsegments of the market. The research methodology used to estimate the market size included the following:

  • Key players in the industry and market were identified through extensive secondary research of their product matrix and geographical presence and developments undertaken by them.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall size of the marine actuators and valves market using the market size estimation processes explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from demand as well as supply sides of the marine actuators and valves market.

Report Objectives

  • To define, describe, and forecast the size of the marine actuators and valves market based on end user, component, application, mechanism, design characteristics, product, material, and region
  • To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the marine actuators and marine valves
  • To identify industry trends, market trends, and technology trends currently prevailing in the market
  • To analyze micromarkets1 with respect to individual technological trends, prospects, and their contribution to the overall market
  • To forecast the size of segments of the marine actuators and valves market based on five regions, namely, North America, Europe, Asia Pacific, Middle East, and Rest of the World, along with major countries in each of these regions
  • To provide a detailed competitive landscape of the market and analyze competitive growth strategies such as new product developments, contracts, partnerships, joint ventures, product launch, collaborations, and acquisitions adopted by key players in the market
  • To identify detailed financial positions, key products, unique selling points, and critical developments of leading companies in the market
  • To strategically profile key market players and comprehensively analyze their market rank analysis and core competencies2

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies.

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analysis and profiles of additional market players (up to 5)
Report Code
AS 7510
Published ON
Feb, 2020
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