Marine Actuators and Valves Market

Marine Actuators and Valves Market Size, Share & Industry Growth Analysis Report by Platform (Commercial, Defense, Unmanned), Sales Channel (OEM, Aftermarket), Product (Actuator and Valve Type), Design Characteristics, Material, Application, Component, and Region - Global Growth Driver and Industry Forecast to 2027

Report Code: AS 7510 Apr, 2023, by marketsandmarkets.com

The Marine Actuators and Valves Market size is expected to reach USD 3.6 Billion by 2027 from USD 2.8 Billion in 2022, at a Compound Annual Growth Rate (CAGR) of 5.3% from 2022 to 2027. The key factor driving the growth of the worldwide Marine Actuators and Valves Industry is the increase in global commercial trade and the spike in demand for high-precision motion control devices on board marine vessels. Additionally, the growing commercial and defence fleets of nations worldwide is driving the market for marine actuators and valves that can meet the requirements of sustainable marine transportation.

Marine Actuators and Valves Market

Marine Actuators and Valves Market

Marine Actuators and Valves Market Forecast to 2027

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Marine Actuators and Valves Market Dynamics

Marine Actuators and Valves Industry Driver: Increased Global Seaborne Trade

Bulk cargo trade and transport through sea routes have increased over the years as ships are more economical than other transportation means. This has led to the growth of global seaborne trade. For instance, 90% of world trade is carried out through seaways due to competitive freight costs (Source: International Chamber of Shipping). According to UNCTAD, global trade was estimated at USD 32 trillion in 2022, with USD 25 trillion in products and USD 7 trillion in services. These projections reflect a 10% rise in goods trade and a 15% increase in services trade by 2021. The demand for raw materials such as oil, gas, and minerals, which are often found in remote places that require being transported by sea to reach global markets, has further boosted seaborne trade. Improvements in maritime technology, such as larger vessels and more efficient port operations, have made it easier and cheaper to carry commodities by water. This has contributed to the rise of seaborne trade and allowed it to become a more efficient and cost-effective means of transportation.

Marine Actuators and Valves Industry Restraint: Stringent Regulatory Norms to Be Complied by the Valve and Actuator Manufacturers

The marine industry is highly regulated, mainly due to the potential risks associated with marine operations. Many bilateral, national, and international regulations and standards bind the actions of manufacturers of marine actuators and valves and related components such as cylinders, drives, manifolds, and servo valves. Countries worldwide have different regulatory bodies governing the operational safety of commercial and military ships. For instance, the International Maritime Organization (IMO) has laid down regulations that must be adhered to by the manufacturers of marine actuators, valves, and associated components to ensure safe operations and minimize risks associated with the use of defective components.

Additionally, components used in commercial and military ships must undergo stringent quality checks and rigorous testing to meet the required safety levels and reduce the risk of faulty components. All components must undergo a one-time inspection before being integrated into commercial and military ships. However, it is challenging for manufacturers of marine actuators, valves, and related components to comply with all stringent regulatory norms and deliver quality products.

Marine Actuators and Valves Industry Opportunity: Growing Use of Inland Waterways

Inland waterborne transport (IWT) has contributed to the development of mature economies over many centuries and created several navigable rivers and canals worldwide. Significant growth has been registered in inland waterways transport of goods and passengers in the past decade. The inland waterway is an inexpensive and environment-friendly medium for transporting goods. One horsepower (hp) of engine power moves 150 kg on the road, 500 kg on the rail, and 4,000 kg on water, whereas one liter of fuel moves 24 tons/km on the road, 85 tons/km on the rail, and 105 tons/km on water. Inland waterways, therefore, help save transport and logistics costs; moreover, goods can be transferred more smoothly and faster via inland waterways than roadways or railways.

Inland waterways in India are estimated to save nearly USD 15 million annually in transporting coal. A substantial effort has been made in recent years to develop India's inland waterways. The government has launched the Jal Marg Vikas Project, which aims to develop the National Waterway-1 (NW-1), a 1,620 km long waterway on the Ganges River, between Haldia in West Bengal and Varanasi in Uttar Pradesh. The project is being implemented by the Inland Waterways Authority of India (IWAI) and is expected to be completed by 2023. The development of inland waterways in India is expected to provide several benefits, including cost-effective mode of transportation, improved connectivity and reduction in road congestion. The growth of inland waterways transport would also promote the manufacturing of marine vessels, such as tugs, propelled barges, ferries, and other goods and passenger transport vessels. This, in turn, would boost the demand for marine valves and actuators.

Marine Actuators and Valves Industry Challenge: Power Consumption, Noise, and Leakage Issues Associated With Actuators and Valves

The most challenging stage in the installation of actuators and valves is designing a circuit that consumes low energy. Actuators consume more energy than sensors, and a faulty actuator can increase electricity consumption. High power and capacity and low weight of electrical actuators are the main reasons for their increased demand in various applications, such as fuel and propulsion systems, liquid cargo systems, and refrigeration systems. However, due to the probability of defective circuit designs, customers may not prefer purchasing actuators. Hence, power consumption issues, especially in faulty actuators, act as a challenge for the manufacturers of actuators.

In addition, the lack of maintenance of conventional actuators may lead to excessive noise and oil leakage. Further, actuator systems can fail over a long period due to dampening their tubes’ inside edges. Moreover, while in operation, these actuators make a high noise; hence, it is sometimes necessary to place them in a separate room to limit sound pollution.   These are some of the operational challenges accompanying the usage of valves and actuators on board a marine vessel.

Marine Actuators And Valves Market Ecosystem

Prominent companies in this market include well-established, financially stable manufacturers of Marine actuators and valves. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. The prominent companies are Moog Inc. (US), Honeywell International Inc. (US), Rotork plc (UK), Emerson (US), Curtiss-Wright Corporation (US), IMI plc (UK), Flowserve Corporation (US), Rockwell Automation (US) and Kitz Corporation (Japan). Commercial Passenger vessel operators, cargo operators, oil tanker operators, private cruise liners, global naval forces, MROs, and chartered operators are some of the leading consumers of marine actuators and valves.

Marine Actuators and Valves Market by Ecosystem

Commercial Segment to Dominate Market Share During the Forecast Period

Based on Ship Type, the Marine Actuators and Valves market has been segmented into commercial, defense and unmanned vessels. One of the primary factors propelling the commercial segment is the increased global commercial seaborne trade, increasing cargo vessel deliveries and increasing maritime tourism. The need to design safe actuators and valves systems with high performance, and improved life is driving this segment.

Rotary Actuators to Have the Highest CAGR for Actuator Type in Marine Actuators and Valves Market During the Forecast Period

Based on product type, the market has been segmented into valves (quarter-turn and multi-turn valves) and actuators (linear and rotary actuators). By valve type quarter-turn valves are expected to have the major market share during the forecasted period, while rotary actuators are expected to lead the actuator segment during the years 2022-2027. Quarter-turn valves will hold the largest market share because of their extensive application areas in liquid cargo systems, firefighting systems, as well as fuel and propulsion systems in marine vessels.

Stainless Steel Segment to Witness Higher Demand During the Forecast Period

Based on Material, the marine Actuators and Valves market has been classified into stainless steel, aluminum, alloy-based and others. Others include rubber, copper and plastic materials. Corrosion resistance, higher reliability, and lightweight are few characteristics being considered for the selection of marine actuators and valves.

OEM to Acquire the Largest Market Share During the Forecast Period

Based on Sales Channel, the marine actuators and valves market has been classified into OEM and Aftermarket. The ongoing fleet expansion programs of several end users, such as cargo and freight operators and global naval force, drive the OEM segment of the market. Increasing demand for commercial ships, such as containers, bulk carriers, tankers, and naval ships, is fueling the growth of the marine actuators and valves market for the OEM segment.

Asia Pacific is Projected to Hold the Highest Market Share During the Forecast Period

Marine Actuators and Valves Market by Region

Marine Actuators and Valves Market by Region

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Asia Pacific leads the marine actuators and valves market due presence of big players, OEMs, and component manufacturers which are some of the factors expected to boost the growth of the marine Actuators and Valves market in the region. A rise in seaborne trade has led to an increase in demand for ships worldwide for the transportation of manufactured goods. The rising number of ships, the growth of the shipping industry, and growing awareness about carbon emissions are projected to increase the demand for marine actuators and valvesbatteries   in the Asia Pacific region. China, South Korea and Japan hold more than 90% share of global shipbuilding industry. These are some of the factors fuelling the growth of marine valves and actuators market in the region.

Marine Actuators and Valves Industry Companies: Top Key Market Players

The Marine Actuators and Valves Companies are dominated by globally established players such as Moog Inc. (US), Honeywell International Inc. (US), Rotork plc (UK), Emerson (US), Curtiss-Wright Corporation (US), IMI plc (UK), Flowserve Corporation (US), Rockwell Automation (US) and Kitz Corporation (Japan).

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Scope of the Report

Report Metric

Details

Estimated Market Size
USD 2.8 Billion in 2022
Projected Market Size
USD 3.6 Billion by 2027
Growth Rate
CAGR of 5.3%

Market Size Available for Years

2018-2027

Base Year Considered

2021

Forecast Period

2022-2027

Forecast Units

Value (USD Million/Billion)

Segments  Covered

By Platform, By Product, By Mechanism, By Material, By Design Characteristics, By Component, By Application, By Sales Channel, By Region

Geographies Covered

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

Companies Covered

Moog Inc. (US), Honeywell International Inc. (US), Rotork plc (UK), Emerson (US), Curtiss-Wright Corporation (US), IMI plc (UK), Flowserve Corporation (US), Rockwell Automation (US) and Kitz Corporation (Japan) amongst others.

Marine Actuators and Valves Market Highlights

This research report categorizes the Marine Actuators and Valves market based on Platform, Product, Mechanism, Material, Design Characteristics, Component, Application, Sales Channel and Region.

Segment

Subsegment

By Platform

  • Commercial
  • Defense
  • Unmanned

By Product

  • Valves (Quarter-Turn & Multi-turn valves)
  • Actuators (Linear & Rotary actuators)

By Mechanism

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

By Material

  • Stainless Steel
  • Aluminum
  • Alloy-Based
  • Others

By Design Characteristics

  • Valves, By Size
  • Actuators, By Torque
  • Actuators, By Thrust

By Component

  • Valve Components
  • Actuator Components

By Application

  • Fuel & Propulsion
  • Ballast & Bilge
  • Liquid Cargo
  • HVAC System
  • Portable Water System
  • Refrigeration System
  • Firefighting Systems
  • Other Applications

By Sales Channel

  • OEM
  • Aftermarket

By Region

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

Recent Developments

  • In April 2022, Hunt Valves, US a subsidiary of Fairbanks Morse Defense, signed a contract with Newsport News Shipbuilding worth USD 2 million for the supply of valves and actuators for naval defense applications.
  • In May 2020, CIRCOR International, Inc. was awarded six contracts to supply ball valves for the US Navy's Virginia Class Submarine Block V programme. Six hipments of valves worth $18 million would be delivered over the next three years under the contracts from 2020 to 2023. 
  • In February 2018, Moog Inc. acquired VUES Brno. VUES is based in Mostecká street, Brno, Czech Republic, with other facilities in Jarni and Slavkov u Brna.  VUES manufactures specialised electric motors, generators, and solutions. The company provides solutions for a wide range of applications in the automation, automobile testing, energy, and industrial areas.
  • In January 2021, Rotork plc launched an advanced analytics software for managing intelligent flow control assets. Intelligent Asset Management (IAM) is a cloud-based asset management solution that manages intelligent actuators and the flow control devices they run.
  • In April 2020, AUMA Riester GmbH Co. & Kg. launched a smart actuators series called as ‘PROFOX’ which are compatible with gate, butterfly, ball, and globe valves. There are multi-turn versions with torques ranging from 10 to 100 Nm and part-turn versions with torques ranging from 32 to 600 Nm. PROFOX's built-in intelligence makes it suitable for both basic open-close duty and difficult modulating applications.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 39)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 MARINE ACTUATORS AND VALVES MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
                    FIGURE 2 MARINE ACTUATORS AND VALVES MARKET: REGIONAL SEGMENTATION
           1.3.3 YEARS CONSIDERED
    1.4 INCLUSIONS AND EXCLUSIONS 
           TABLE 1 INCLUSIONS AND EXCLUSIONS
    1.5 CURRENCY CONSIDERED 
           1.5.1 USD EXCHANGE RATES
    1.6 SCOPE-RELATED RESEARCH LIMITATIONS 
    1.7 MARKET STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 45)
    2.1 RESEARCH DATA 
           FIGURE 3 REPORT PROCESS FLOW
           FIGURE 4 MARINE ACTUATORS AND VALVES MARKET: RESEARCH DESIGN
           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
    2.2 IMPACT OF RECESSION ON MARINE ACTUATORS AND VALVES MARKET 
           2.2.1 DEMAND-SIDE INDICATORS
                    FIGURE 5 NAVAL DEFENSE BUDGET BY US
                    FIGURE 6 BREAKDOWN OF US NAVAL DEFENSE BUDGET
           2.2.2 SUPPLY-SIDE INDICATORS
    2.3 FACTOR ANALYSIS 
           2.3.1 DEMAND-SIDE ANALYSIS
                    2.3.1.1 Growing maritime tourism industry
           2.3.2 SUPPLY-SIDE ANALYSIS
                    2.3.2.1 Steady revenue cycles of top players in industry
    2.4 MARKET DEFINITION AND SCOPE 
           2.4.1 SEGMENTS AND SUBSEGMENTS
           2.4.2 EXCLUSIONS
           2.4.3 PRIMARY INTERVIEWEE DETAILS
    2.5 MARKET SIZE ESTIMATION AND METHODOLOGY 
           2.5.1 BOTTOM-UP APPROACH
                    FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.5.2 TOP-DOWN APPROACH
                    FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.6 DATA TRIANGULATION 
           FIGURE 9 DATA TRIANGULATION: MARINE ACTUATORS AND VALVES MARKET
    2.7 MARKET SIZING AND FORECASTING 
           FIGURE 10 STUDY ASSUMPTIONS
    2.8 METHODOLOGY-RELATED RESEARCH LIMITATIONS 
    2.9 GROWTH FORECAST 
 
3 EXECUTIVE SUMMARY (Page No. - 58)
    FIGURE 11 ELECTRIC MECHANISM TO LEAD MARINE ACTUATORS AND VALVES MARKET IN 2027
    FIGURE 12 OEM SEGMENT TO ACCOUNT FOR LARGER SIZE OF MARINE ACTUATORS AMD VALVES MARKET IN 2027
    FIGURE 13 VALVES TO HOLD LARGER SIZE OF MARINE ACTUATORS AMD VALVES MARKET DURING FORECAST PERIOD
    FIGURE 14 ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2022
 
4 PREMIUM INSIGHTS (Page No. - 61)
    4.1 OVERVIEW OF OPPORTUNITIES IN MARINE ACTUATORS AND VALVES MARKET 
           FIGURE 15 INCREASE IN SEABORNE TRADE AND RISE IN PROCUREMENT OF ADVANCED VESSELS TO DRIVE MARKET
    4.2 MARINE ACTUATORS AND VALVES MARKET, BY PRODUCT 
           FIGURE 16 ACTUATORS TO ACCOUNT FOR LARGER SHARE OF MARINE ACTUATORS AND VALVES MARKET DURING FORECAST PERIOD
    4.3 MARINE ACTUATORS AND VALVES MARKET, BY MATERIAL 
           FIGURE 17 STAINLESS STEEL TO HOLD LARGEST MARKET SHARE DURING STUDY PERIOD
    4.4 MARINE ACTUATORS AND VALVES MARKET, BY VALVE COMPONENT 
           FIGURE 18 VALVE BODIES TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
    4.5 MARINE ACTUATORS AND VALVES MARKET, BY ACTUATOR COMPONENT 
           FIGURE 19 CYLINDERS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 64)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 20 MARINE ACTUATORS AND VALVES MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Requirement for high-performance motion control devices
                    5.2.1.2 Increased global seaborne trade
                    5.2.1.3 Booming maritime tourism industry
           5.2.2 RESTRAINTS
                    5.2.2.1 Stringent regulatory norms for valve and actuator manufacturers
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increased demand for technologically-advanced actuators in marine vessels
                    5.2.3.2 Growing use of inland waterways
           5.2.4 CHALLENGES
                    5.2.4.1 Power consumption, noise, and leakage issues in actuators and valves
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS IN MARINE ACTUATORS AND VALVES MARKET
    5.4 VALUE CHAIN ANALYSIS 
           FIGURE 21 VALUE CHAIN ANALYSIS
    5.5 AVERAGE SELLING PRICE ANALYSIS 
           TABLE 2 AVERAGE SELLING PRICE, BY VALVE AND ACTUATOR TYPE
    5.6 SHIP DELIVERIES VOLUME, BY TYPE, 2O22–2027 
           TABLE 3 VOLUME PROJECTIONS FOR NEW DELIVERIES OF MARINE VESSELS FROM 2022 TO 2027
    5.7 ECOSYSTEM ANALYSIS 
           5.7.1 PROMINENT COMPANIES
           5.7.2 PRIVATE AND SMALL ENTERPRISES
           5.7.3 END USERS
                    FIGURE 22 MARINE ACTUATORS AND VALVES MARKET ECOSYSTEM MAP
                    TABLE 4 MARINE ACTUATORS AND VALVES MARKET ECOSYSTEM
    5.8 PORTER’S FIVE FORCES ANALYSIS 
           TABLE 5 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 23 PORTER’S FIVE FORCES ANALYSIS
    5.9 IMPACT OF ECONOMIC RECESSION ON MARINE ACTUATORS AND VALVES MARKET 
           FIGURE 24 RECESSION IMPACT ANALYSIS ON MARINE ACTUATORS AND VALVES MARKET
    5.10 CASE STUDY ANALYSIS 
           5.10.1 MOOG’S VALVES TO DELIVER ENERGY SAVINGS AND REDUCE EMISSIONS
    5.11 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.11.1 KEY STAKEHOLDERS IN BUYING PROCESS
                     FIGURE 25 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF MARINE ACTUATOR AND VALVE PRODUCTS AND SYSTEMS
                     TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF MARINE ACTUATOR AND VALVE PRODUCTS AND SYSTEMS (%)
           5.11.2 BUYING CRITERIA
                     FIGURE 26 KEY BUYING CRITERIA FOR MARINE ACTUATOR AND VALVE PRODUCTS AND SYSTEMS
                     TABLE 7 KEY BUYING CRITERIA FOR MARINE ACTUATOR AND VALVE PRODUCTS AND SYSTEMS
 
6 INDUSTRY TRENDS (Page No. - 78)
    6.1 INTRODUCTION 
    6.2 TECHNOLOGICAL ADVANCEMENTS IN MARINE ACTUATORS AND VALVES 
           6.2.1 ADOPTION OF ELECTRIC ACTUATORS IN MARINE VESSELS AND SURFACE SHIPS
           6.2.2 DEVELOPMENT OF ACTUATION SYSTEMS FOR AUTONOMOUS UNDERWATER VEHICLES
           6.2.3 IMPLEMENTATION OF EXPLOSION-PROOF ACTUATORS
           6.2.4 USE OF ADVANCED MATERIALS IN MARINE ACTUATORS AND VALVES
    6.3 EMERGING TRENDS IN FULL BODY SCANNER MANUFACTURING 
           6.3.1 3D SIMULATION SOFTWARE
           6.3.2 BIG DATA
           6.3.3 ARTIFICIAL INTELLIGENCE
    6.4 SUPPLY CHAIN ANALYSIS 
           FIGURE 27 SUPPLY CHAIN ANALYSIS
    6.5 USE CASE ANALYSIS 
           6.5.1 ACTUATOR SENSOR INTERFACE TO ALLOW SIMPLE ON/OFF VALVE INTEGRATION IN MARINE APPLICATIONS
           6.5.2 ELECTRIC ACTUATORS TO BE SIMPLE METHOD FOR OPENING AND CLOSING ENGINE HATCHES ON BOATS
    6.6 INNOVATION AND PATENT ANALYSIS 
           TABLE 8 INNOVATIONS AND PATENT REGISTRATIONS
 
7 MARINE ACTUATORS AND VALVES MARKET, BY PRODUCT (Page No. - 84)
    7.1 INTRODUCTION 
           FIGURE 28 MARINE ACTUATORS AND VALVES MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
           TABLE 9 MARINE ACTUATORS AND VALVES MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
           TABLE 10 MARINE ACTUATORS AND VALVES MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
    7.2 VALVES 
           TABLE 11 MARINE ACTUATORS AND VALVES MARKET, BY VALVE TYPE, 2018–2021 (USD MILLION)
           TABLE 12 MARINE ACTUATORS AND VALVES MARKET, BY VALVE TYPE, 2022–2027 (USD MILLION)
           7.2.1 QUARTER-TURN VALVES
                    TABLE 13 MARINE ACTUATORS AND VALVES MARKET, BY VALVE TYPE, QUARTER-TURN VALVES 2018–2021 (USD MILLION)
                    TABLE 14 MARINE ACTUATORS AND VALVES MARKET, BY VALVE TYPE, QUARTER-TURN VALVES 2022–2027 (USD MILLION)
                    7.2.1.1 Ball valves
                               7.2.1.1.1 Increasing use in water treatment plants as well as ballast and bilge systems to drive market
                    7.2.1.2 Butterfly valves
                               7.2.1.2.1 Growing adoption of butterfly valves in marine applications to boost market
                    7.2.1.3 Plug valves
                               7.2.1.3.1 Increasing concerns for operational safety of ships to fuel segment
                    7.2.1.4 Other quarter-turn valves
           7.2.2 MULTI-TURN VALVES
                    TABLE 15 MARINE ACTUATORS AND VALVES MARKET, BY VALVE TYPE, MULTI-TURN VALVES 2018–2021 (USD MILLION)
                    TABLE 16 MARINE ACTUATORS AND VALVES MARKET, BY VALVE TYPE, MULTI-TURN VALVES 2022–2027 (USD MILLION)
                    7.2.2.1 Globe valves
                               7.2.2.1.1 Adoption of advanced materials for marine applications to propel segment
                    7.2.2.2 Gate valves
                               7.2.2.2.1 Use of advanced materials for regulating flow of liquid to augment segment
                    7.2.2.3 Diaphragm valves
                               7.2.2.3.1 Deployment of lightweight, compact, and corrosion-resistant materials to aid segment
                    7.2.2.4 Other multi-turn valves
    7.3 ACTUATORS 
           TABLE 17 MARINE ACTUATORS AND VALVES MARKET, BY ACTUATOR TYPE, 2018–2021 (USD MILLION)
           TABLE 18 MARINE ACTUATORS AND VALVES MARKET, BY ACTUATOR TYPE, 2022–2027 (USD MILLION)
           7.3.1 LINEAR ACTUATORS
                    7.3.1.1 Rod-type linear actuators
                               7.3.1.1.1 Increasing use in ship structures to facilitate carriage of loads
                    7.3.1.2 Screw-type linear actuators
                               7.3.1.2.1 Growing deployment of linear actuators in motorboats to boost market
                    7.3.1.3 Belt-type linear actuators
                               7.3.1.3.1 Adoption of belt-type linear actuators to increase operational efficiency of marine vessels
           7.3.2 ROTARY ACTUATORS
                    7.3.2.1 Quarter-turn actuators
                               7.3.2.1.1 Increasing use of butterfly and ball valves to accelerate demand
                    7.3.2.2 Multi-turn actuators
                               7.3.2.2.1 Rising adoption of multi-turn bilges and crossover valves to augment demand
 
8 MARINE ACTUATORS AND VALVES MARKET, BY MECHANISM (Page No. - 93)
    8.1 INTRODUCTION 
           FIGURE 29 MARINE ACTUATORS AND VALVES MARKET, BY MECHANISM, 2022–2027 (USD MILLION)
           TABLE 19 MARINE ACTUATORS AND VALVES MARKET, BY MECHANISM, 2018–2021 (USD MILLION)
           TABLE 20 MARINE ACTUATORS AND VALVES MARKET, BY MECHANISM, 2022–2027 (USD MILLION)
    8.2 PNEUMATIC 
           8.2.1 COMPACT PNEUMATIC LINEAR ACTUATORS TO BE USED IN COMMERCIAL SHIPBUILDING INDUSTRY
    8.3 HYDRAULIC 
           8.3.1 HYDRAULIC ACTUATORS TO BE ADOPTED IN STEERING MECHANISM OF MARINE VESSELS
    8.4 ELECTRIC 
           8.4.1 LOW-MAINTENANCE MARINE ACTUATORS AND VALVES TO INCREASE DEMAND IN SHIPBUILDING INDUSTRY
    8.5 MECHANICAL 
           8.5.1 MECHANICAL ACTUATORS TO FIND APPLICATIONS IN SHIP COMPONENTS
    8.6 MANUAL 
           8.6.1 MANUAL VALVES TO BE DEPLOYED IN CARGO VESSELS FOR FLOW CONTROL APPLICATIONS
    8.7 HYBRID 
           8.7.1 TECHNOLOGICAL ADVANCEMENTS TO ENABLE HIGHER ADOPTION OF ELECTRO-HYDRAULIC ACTUATORS IN MARINE APPLICATIONS
 
9 MARINE ACTUATORS AND VALVES MARKET, BY COMPONENT (Page No. - 98)
    9.1 INTRODUCTION 
           TABLE 21 MARINE ACTUATORS AND VALVES MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
           TABLE 22 MARINE ACTUATORS AND VALVES MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
    9.2 VALVE COMPONENTS 
           FIGURE 30 MARINE ACTUATORS AND VALVES MARKET, BY VALVE COMPONENT, 2022–2027 (USD MILLION)
           TABLE 23 MARINE ACTUATORS AND VALVES MARKET FOR VALVE COMPONENTS, BY TYPE, 2018–2021 (USD MILLION)
           TABLE 24 MARINE ACTUATORS AND VALVES MARKET FOR VALVE COMPONENTS, BY TYPE, 2022–2027 (USD MILLION)
           9.2.1 VALVE BODIES
                    9.2.1.1 Increased demand for maintenance and repair services for commercial and defense ships to drive segment
           9.2.2 VALVE BONNETS
                    9.2.2.1 High adoption of casted and forged valve bonnets in marine vessels to propel segment
           9.2.3 VALVE TRIMS
                    9.2.3.1 Regular maintenance and repair activities to increase demand
    9.3 ACTUATOR COMPONENTS 
           FIGURE 31 MARINE ACTUATORS AND VALVES MARKET, BY ACTUATOR COMPONENT, 2022–2027 (USD MILLION)
           TABLE 25 MARINE ACTUATORS AND VALVES MARKET FOR ACTUATOR COMPONENTS, BY TYPE, 2018–2021 (USD MILLION)
           TABLE 26 MARINE ACTUATORS AND VALVES MARKET FOR ACTUATOR COMPONENTS, BY TYPE, 2022–2027 (USD MILLION)
           9.3.1 CYLINDERS
                    9.3.1.1 Increased use of advanced materials while manufacturing cylinders to fuel market
           9.3.2 DRIVES
                    9.3.2.1 High penetration rate of drives to control motor speed
           9.3.3 MANIFOLDS
                    9.3.3.1 Technological advancements in manifolds to add extra protection
 
10 MARINE ACTUATORS AND VALVES MARKET, BY DESIGN CHARACTERISTICS (Page No. - 104)
     10.1 INTRODUCTION 
     10.2 VALVE SIZE 
             FIGURE 32 MARINE VALVES MARKET, BY VALVE SIZE, 2022–2027 (USD MILLION)
             TABLE 27 MARINE VALVES MARKET, BY TYPE, 2018–2021 (USD MILLION)
             TABLE 28 MARINE VALVES MARKET, BY TYPE, 2022–2027 (USD MILLION)
             10.2.1 UP TO 1”
                        10.2.1.1 Up to 1” control valves to be increasingly used in commercial vessels
             10.2.2 >1” TO 4”
                        10.2.2.1 >1" to 4 marine valves to be most commonly used in marine vessels
             10.2.3 >4” TO 6”
                        10.2.3.1 >4" to 6" marine valves to be used in medium-pressure applications
             10.2.4 >6” TO 9”
                        10.2.4.1 >6" to 9" valves to be increasingly used in defense vessels
             10.2.5 >9” TO 15”
                        10.2.5.1 >9” TO 15” marine valves to be used in oil tankers
             10.2.6 15” AND ABOVE
                        10.2.6.1 >15” valves to be commonly used in aircraft carriers
     10.3 ACTUATORS, BY THRUST 
             FIGURE 33 MARINE ACTUATORS MARKET, BY THRUST, 2022–2027 (USD MILLION)
             TABLE 29 MARINE ACTUATORS MARKET, BY THRUST, 2018–2021 (USD MILLION)
             TABLE 30 MARINE ACTUATORS MARKET, BY THRUST, 2022–2027(USD MILLION)
             10.3.1 <10 KN
             10.3.2 10 KN TO 100 KN
             10.3.3 >100 KN
     10.4 ACTUATORS, BY TORQUE 
             TABLE 31 MARINE ACTUATORS MARKET, BY TORQUE, 2018–2021 (USD MILLION)
             TABLE 32 MARINE ACTUATORS MARKET, BY TORQUE, 2022–2027 (USD MILLION)
             10.4.1 <10 KNM
             10.4.2 10 KNM TO 100 KNM
             10.4.3 >100 KNM
 
11 MARINE ACTUATORS AND VALVES MARKET, BY APPLICATION (Page No. - 110)
     11.1 INTRODUCTION 
             FIGURE 34 MARINE ACTUATORS AND VALVES MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             TABLE 33 MARINE ACTUATORS AND VALVES MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 34 MARINE ACTUATORS AND VALVES MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
     11.2 BALLAST AND BILGE SYSTEMS 
             11.2.1 GROWING FLEET OF CARGO VESSELS TO DRIVE MARKET
             11.2.2 BALLAST TANKS
             11.2.3 BILGES
             11.2.4 SLOP TANKS
     11.3 FUEL AND PROPULSION SYSTEMS 
             11.3.1 INCREASING SHIPBUILDING ACTIVITIES IN ASIA PACIFIC TO AUGMENT MARKET
             11.3.2 WATER TREATMENT PLANTS
             11.3.3 HEAT EXCHANGERS
             11.3.4 FUEL TANKS
             11.3.5 WATER SEPARATION SYSTEMS
             11.3.6 BOILERS
             11.3.7 AIR DAMPERS
             11.3.8 SUPERHEATERS
             11.3.9 TURBINES
             11.3.10 CONDENSERS
             11.3.11 GENERATORS
             11.3.12 STEERING
     11.4 LIQUID CARGO SYSTEMS 
             11.4.1 RISING PROCUREMENT OF TANKER VESSELS TO FUEL MARKET
             11.4.2 MANIFOLDS
             11.4.3 CARGO TANKS
     11.5 REFRIGERATION SYSTEMS 
             11.5.1 SURGING DEMAND FOR HIGH-ENDURANCE AND LONG-RANGE ADVANCED MARINE VESSELS TO PROPEL MARKET
     11.6 HVAC SYSTEMS 
             11.6.1 INCREASING NEED FOR ADVANCED MARINE ACTUATORS AND VALVES TO FUEL MARKET
     11.7 FIREFIGHTING SYSTEMS 
             11.7.1 RISING FIRE SAFETY ISSUES ON MARINE VESSELS TO AID MARKET
     11.8 PORTABLE WATER SYSTEMS 
             11.8.1 INCREASING MARITIME TOURISM TO INCREASE ADOPTION OF HIGH-END MARINE ACTUATORS AND VALVES
     11.9 OTHER APPLICATIONS 
 
12 MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM (Page No. - 117)
     12.1 INTRODUCTION 
             FIGURE 35 MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
             TABLE 35 MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
             TABLE 36 MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
     12.2 COMMERCIAL VESSELS 
             TABLE 37 MARINE ACTUATORS AND VALVES MARKET FOR COMMERCIAL VESSELS, BY TYPE, 2018–2021 (USD MILLION)
             TABLE 38 MARINE ACTUATORS AND VALVES MARKET FOR COMMERCIAL VESSELS, BY TYPE, 2022–2027 (USD MILLION)
             12.2.1 PASSENGER VESSELS
                        TABLE 39 PASSENGER VESSELS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 40 PASSENGER VESSELS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                        12.2.1.1 Yachts
                                     12.2.1.1.1 High demand for linear actuators for fuel flow control and door actuation applications to drive segment
                        12.2.1.2 Passenger ferries
                                     12.2.1.2.1 Rapid advancements in propulsion technology to increase retrofitting of passenger ferries
                        12.2.1.3 Cruise ships
                                     12.2.1.3.1 Increased automation to increase adoption of electric and hybrid actuators
             12.2.2 CARGO VESSELS
                        TABLE 41 CARGO VESSELS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 42 CARGO VESSELS MARKET, BY TYPE,2022–2027 (USD MILLION)
                        12.2.2.1 Container vessels
                                     12.2.2.1.1 Increasing seaborne trade to increase fleet size of container vessels
                        12.2.2.2 Bulk carriers
                                     12.2.2.2.1 Escalating demand for marine actuators and valves in Japan and China to propel market
                        12.2.2.3 Oil tankers
                                     12.2.2.3.1 Rising demand for LNG transport to aid market
                        12.2.2.4 Gas tankers
                                     12.2.2.4.1 Increased demand for transporting liquefied natural gas to augment market
                        12.2.2.5 Dry cargo vessels
                                     12.2.2.5.1 Increased demand to handle increasing cargo volume to propel segment
             12.2.3 OTHER COMMERCIAL VESSELS
                        TABLE 43 OTHER COMMERCIAL VESSELS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 44 OTHER COMMERCIAL VESSELS MARKET, BY TYPE, 2022–2027 (USD MILLION)
                        12.2.3.1 Dredgers
                        12.2.3.2 Barges & tugboats
                        12.2.3.3 Research vessels
     12.3 DEFENSE VESSELS 
             TABLE 45 MARINE ACTUATORS AND VALVES MARKET FOR DEFENSE VESSELS, BY TYPE, 2018–2021 (USD MILLION)
             TABLE 46 MARINE ACTUATORS AND VALVES MARKET FOR DEFENSE VESSELS, BY TYPE, 2022–2027 (USD MILLION)
             12.3.1 DESTROYERS
                        12.3.1.1 Increasing use of destroyers for protecting large vessels to augment demand
             12.3.2 FRIGATES
                        12.3.2.1 Growing demand for protecting merchant convoys to augment market
             12.3.3 CORVETTES
                        12.3.3.1 Growing focus of China to strengthen naval security to aid market
             12.3.4 SUBMARINES
                        12.3.4.1 Rising demand for technologically-advanced submarines to drive market
             12.3.5 AIRCRAFT CARRIERS
                        12.3.5.1 Increasing need for advanced aircraft carriers to propel market
             12.3.6 AMPHIBIOUS SHIPS
                        12.3.6.1 Growing number of US Navy’s warfare programs to increase demand for valves and actuators
     12.4 UNMANNED UNDERWATER VEHICLES 
             TABLE 47 MARINE ACTUATORS AND VALVES MARKET FOR UNMANNED UNDERWATER VEHICLES, BY TYPE, 2018–2021 (USD MILLION)
             TABLE 48 MARINE ACTUATORS AND VALVES MARKET FOR UNMANNED UNDERWATER VEHICLES, BY TYPE, 2022–2027 (USD MILLION)
             12.4.1 REMOTELY OPERATED VEHICLES
                        12.4.1.1 Increased offshore explorations and security checks to drive market
             12.4.2 AUTONOMOUS UNDERWATER VEHICLES
                        12.4.2.1 Higher potential for underwater operations and better payload capacity to provide accurate data
 
13 MARINE ACTUATORS AND VALVES MARKET, BY MATERIAL (Page No. - 131)
     13.1 INTRODUCTION 
             FIGURE 36 MARINE ACTUATORS AND VALVES MARKET, BY MATERIAL, 2022–2027 (USD MILLION)
             TABLE 49 MARINE ACTUATORS AND VALVES MARKET, BY MATERIAL, 2018–2021 (USD MILLION)
             TABLE 50 MARINE ACTUATORS AND VALVES MARKET, BY MATERIAL, 2022–2027 (USD MILLION)
     13.2 ALUMINUM 
             13.2.1 ALUMINUM ACTUATORS AND VALVES TO BE LARGELY USED IN COMMERCIAL SHIPS
     13.3 STAINLESS STEEL 
             13.3.1 STAINLESS STEEL VALVES AND ACTUATORS TO BE USED IN RECREATIONAL BOATS
     13.4 ALLOY-BASED 
             13.4.1 BRASS AND BRONZE MATERIAL-BASED VALVES AND ACTUATORS TO FIND APPLICATIONS IN COMMERCIAL SHIPS
     13.5 OTHER MATERIALS 
 
14 MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL (Page No. - 135)
     14.1 INTRODUCTION 
             FIGURE 37 MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)
             TABLE 51 MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION)
             TABLE 52 MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)
     14.2 OEM 
             14.2.1 INCREASED MANUFACTURING OF COMMERCIAL SHIPS WITH ADVANCED TECHNOLOGY-BASED COMPONENTS TO BOOST SEGMENT
     14.3 AFTERMARKET 
             14.3.1 INCREASED EMPHASIS ON REPLACEMENT OF AGING SYSTEMS AND COMPONENTS TO IMPROVE OPERATIONAL EFFICIENCY
 
15 MARINE ACTUATORS AND VALVES MARKET, BY REGION (Page No. - 139)
     15.1 INTRODUCTION 
           FIGURE 38 MARINE ACTUATORS AND VALVES MARKET: REGIONAL SNAPSHOT
             15.1.1 REGIONAL RECESSION IMPACT ANALYSIS
                        FIGURE 39 NAVAL BUDGET TREND, BY REGION (2019–2022)
                        TABLE 53 REGIONAL RECESSION IMPACT ANALYSIS
                        TABLE 54 MARINE ACTUATORS AND VALVES MARKET, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 55 MARINE ACTUATORS AND VALVES MARKET, BY REGION, 2022–2027 (USD MILLION)
     15.2 NORTH AMERICA 
             FIGURE 40 NORTH AMERICA: MARINE ACTUATORS AND VALVES MARKET SNAPSHOT
             15.2.1 PESTLE ANALYSIS: NORTH AMERICA
                        TABLE 56 NORTH AMERICA: MARINE ACTUATORS AND VALVES MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                        TABLE 57 NORTH AMERICA: MARINE ACTUATORS AND VALVES MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                        TABLE 58 NORTH AMERICA: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION)
                        TABLE 59 NORTH AMERICA: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)
                        TABLE 60 NORTH AMERICA: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                        TABLE 61 NORTH AMERICA: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
             15.2.2 US
                        15.2.2.1 Increasing fleet sizes in maritime industry to drive market
                                     TABLE 62 US: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION)
                                     TABLE 63 US: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)
                                     TABLE 64 US: MARINE ACTUATORS AND VALVES MARKET SIZE, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 65 US: MARINE ACTUATORS AND VALVES MARKET SIZE, BY PLATFORM, 2022–2027 (USD MILLION)
             15.2.3 CANADA
                        15.2.3.1 Increasing number of strategic decisions to develop indigenous marine industry
                                     TABLE 66 CANADA: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION)
                                     TABLE 67 CANADA: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)
                                     TABLE 68 CANADA: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 69 CANADA: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
     15.3 EUROPE 
             15.3.1 PESTLE ANALYSIS: EUROPE
                                    FIGURE 41 EUROPE: MARINE ACTUATORS AND VALVES MARKET SNAPSHOT
                                    TABLE 70 EUROPE: MARINE ACTUATORS AND VALVES MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                                    TABLE 71 EUROPE: MARINE ACTUATORS AND VALVES MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                                    TABLE 72 EUROPE: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION)
                                    TABLE 73 EUROPE: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)
                                    TABLE 74 EUROPE: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                    TABLE 75 EUROPE: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
             15.3.2 NORWAY
                        15.3.2.1 Government regulations for sustainable maritime ecosystem to drive market
                                     TABLE 76 NORWAY: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION)
                                     TABLE 77 NORWAY: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)
                                     TABLE 78 NORWAY: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 79 NORWAY: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
             15.3.3 SWEDEN
                        15.3.3.1 Stringent IMO 2020 rule and demand for new vessels to augment market
                                     TABLE 80 SWEDEN: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION)
                                     TABLE 81 SWEDEN: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)
                                     TABLE 82 SWEDEN: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 83 SWEDEN: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
             15.3.4 NETHERLANDS
                        15.3.4.1 Push toward zero-emission ships to fuel market
                                     TABLE 84 NETHERLANDS: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION)
                                     TABLE 85 NETHERLANDS: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)
                                     TABLE 86 NETHERLANDS: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 87 NETHERLANDS: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
             15.3.5 DENMARK
                        15.3.5.1 Increased government investments in shipbuilding sector to drive market
                                     TABLE 88 DENMARK: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION)
                                     TABLE 89 DENMARK: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)
                                     TABLE 90 DENMARK: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 91 DENMARK: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
             15.3.6 UK
                        15.3.6.1 Rising focus on shipbuilding activities to boost market
                                     TABLE 92 UK: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION)
                                     TABLE 93 UK: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)
                                     TABLE 94 UK: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 95 UK: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
             15.3.7 FINLAND
                        15.3.7.1 Major focus on green marine technologies to augment market
                                     TABLE 96 FINLAND: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION)
                                     TABLE 97 FINLAND: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)
                                     TABLE 98 FINLAND: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 99 FINLAND: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
             15.3.8 REST OF EUROPE
                                     TABLE 100 REST OF EUROPE: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION)
                                     TABLE 101 REST OF EUROPE: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)
                                     TABLE 102 REST OF EUROPE: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 103 REST OF EUROPE: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
     15.4 ASIA PACIFIC 
             FIGURE 42 ASIA PACIFIC: MARINE ACTUATORS AND VALVES MARKET SNAPSHOT
             TABLE 104 ASIA PACIFIC: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION)
             TABLE 105 ASIA PACIFIC: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)
             TABLE 106 ASIA PACIFIC: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
             TABLE 107 ASIA PACIFIC: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
             TABLE 108 ASIA PACIFIC: MARINE ACTUATORS AND VALVES, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 109 ASIA PACIFIC: MARINE ACTUATORS AND VALVE MARKETS, BY COUNTRY, 2022–2027 (USD MILLION)
             15.4.1 CHINA
                        15.4.1.1 Presence of several shipbuilding companies to propel market
                                     TABLE 110 CHINA: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION)
                                     TABLE 111 CHINA: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)
                                     TABLE 112 CHINA: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 113 CHINA: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
             15.4.2 SOUTH KOREA
                        15.4.2.1 Increasing focus on building environmentally-friendly ships to boost demand
                                     TABLE 114 SOUTH KOREA: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION)
                                     TABLE 115 SOUTH KOREA: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)
                                     TABLE 116 SOUTH KOREA: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 117 SOUTH KOREA: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
             15.4.3 JAPAN
                        15.4.3.1 Growing attraction toward fishing and cruising to boost demand
                                     TABLE 118 JAPAN: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION)
                                     TABLE 119 JAPAN: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)
                                     TABLE 120 JAPAN: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 121 JAPAN: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
             15.4.4 AUSTRALIA
                        15.4.4.1 Rising focus of Australian government on manufacturing commercial vessels to propel market
                                     TABLE 122 AUSTRALIA: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION)
                                     TABLE 123 AUSTRALIA: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)
                                     TABLE 124 AUSTRALIA: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 125 AUSTRALIA: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
             15.4.5 INDIA
                        15.4.5.1 Increasing defense expenditure on naval vessels to accelerate demand for marine actuators and valves
                                     TABLE 126 INDIA: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION)
                                     TABLE 127 INDIA: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)
                                     TABLE 128 INDIA: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 129 INDIA: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
             15.4.6 REST OF ASIA PACIFIC
                                    TABLE 130 REST OF ASIA PACIFIC: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION)
                                    TABLE 131 REST OF ASIA PACIFIC: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)
                                    TABLE 132 REST OF ASIA PACIFIC: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                    TABLE 133 REST OF ASIA PACIFIC: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
     15.5 MIDDLE EAST 
             TABLE 134 MIDDLE EAST: MARINE ACTUATORS AND VALVES MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 135 MIDDLE EAST: MARINE ACTUATORS AND VALVES MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             TABLE 136 MIDDLE EAST: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION)
             TABLE 137 MIDDLE EAST: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)
             TABLE 138 MIDDLE EAST: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
             TABLE 139 MIDDLE EAST: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
             15.5.1 SAUDI ARABIA
                        15.5.1.1 Increasing need to retrofit commercial vessels to propel market
                                     TABLE 140 SAUDI ARABIA: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION)
                                     TABLE 141 SAUDI ARABIA: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)
                                     TABLE 142 SAUDI ARABIA: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 143 SAUDI ARABIA: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
             15.5.2 UAE
                        15.5.2.1 Rising trade and exports with increasing number of shipbuilding activities to aid market
                                     TABLE 144 UAE: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION)
                                     TABLE 145 UAE: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)
                                     TABLE 146 UAE: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 147 UAE: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
             15.5.3 ISRAEL
                        15.5.3.1 Rising dependence on maritime trade to increase demand for marine actuators and valves
                                     TABLE 148 ISRAEL: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION)
                                     TABLE 149 ISRAEL: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)
                                     TABLE 150 ISRAEL: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 151 ISRAEL: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
             15.5.4 TURKEY
                        15.5.4.1 Increased construction of new ships and redevelopment of old ones to fuel market
                                     TABLE 152 TURKEY: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION)
                                     TABLE 153 TURKEY: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)
                                     TABLE 154 TURKEY: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 155 TURKEY: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
             15.5.5 REST OF MIDDLE EAST
                                    TABLE 156 REST OF MIDDLE EAST: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION)
                                    TABLE 157 REST OF MIDDLE EAST: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)
                                    TABLE 158 REST OF MIDDLE EAST: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                    TABLE 159 REST OF MIDDLE EAST: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
     15.6 REST OF THE WORLD 
             TABLE 160 REST OF THE WORLD: MARINE ACTUATORS AND VALVES MARKET, BY REGION, 2018–2021 (USD MILLION)
             TABLE 161 REST OF THE WORLD: MARINE ACTUATORS AND VALVES MARKET, BY REGION, 2022–2027 (USD MILLION)
             TABLE 162 REST OF THE WORLD: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION)
             TABLE 163 REST OF THE WORLD: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)
             TABLE 164 REST OF THE WORLD: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
             TABLE 165 REST OF THE WORLD: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2022–2027 (USD MILLION)
             15.6.1 LATIN AMERICA
                        15.6.1.1 Brazil to dominate Latin American marine valves and actuators market during forecast period
                                     TABLE 166 LATIN AMERICA: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION)
                                     TABLE 167 LATIN AMERICA: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)
                                     TABLE 168 LATIN AMERICA: MARINE ACTUATORS AND VALVES MARKET SIZE, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 169 LATIN AMERICA: MARINE ACTUATORS AND VALVES MARKET SIZE, BY PLATFORM, 2022–2027 (USD MILLION)
             15.6.2 AFRICA
                        15.6.2.1 South Africa to be potential market for marine actuators and valves during forecast period
                                     TABLE 170 AFRICA: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION)
                                     TABLE 171 AFRICA: MARINE ACTUATORS AND VALVES MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)
                                     TABLE 172 AFRICA: MARINE ACTUATORS AND VALVES MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                                     TABLE 173 AFRICA: MARINE ACTUATORS AND VALVES MARKET SIZE, BY PLATFORM, 2022–2027 (USD MILLION)
 
16 COMPETITIVE LANDSCAPE (Page No. - 192)
     16.1 INTRODUCTION 
     16.2 COMPETITIVE OVERVIEW 
             TABLE 174 KEY DEVELOPMENTS BY LEADING PLAYERS IN MARINE ACTUATORS AND VALVES MARKET BETWEEN 2018 AND 2022
     16.3 MARKET RANKING ANALYSIS OF KEY PLAYERS, 2022 
             FIGURE 43 RANKING ANALYSIS OF TOP FIVE PLAYERS: MARINE ACTUATORS AND VALVES MARKET, 2022
     16.4 MARKET SHARE ANALYSIS, 2022 
             TABLE 175 DEGREE OF COMPETITION
             FIGURE 44 SHARE OF TOP PLAYERS IN MARINE ACTUATORS AND VALVES MARKET, 2022
     16.5 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS, 2022 
             FIGURE 45 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS IN MARINE ACTUATORS AND VALVES MARKET
     16.6 COMPANY EVALUATION QUADRANT OF KEY PLAYERS 
             16.6.1 STARS
             16.6.2 EMERGING LEADERS
             16.6.3 PERVASIVE PLAYERS
             16.6.4 PARTICIPANTS
                        FIGURE 46 MARINE ACTUATORS AND VALVES MARKET: COMPETITIVE LEADERSHIP MAPPING, 2022
                        TABLE 176 COMPANY PRODUCT FOOTPRINT
                        TABLE 177 COMPANY INDUSTRY FOOTPRINT
                        TABLE 178 COMPANY GEOGRAPHICAL FOOTPRINT
     16.7 COMPANY EVALUATION QUADRANT OF START-UPS/SMES 
             16.7.1 PROGRESSIVE COMPANIES
             16.7.2 RESPONSIVE COMPANIES
             16.7.3 DYNAMIC COMPANIES
             16.7.4 STARTING BLOCKS
                        FIGURE 47 MARINE ACTUATORS AND VALVES MARKET: START-UPS/SMES COMPETITIVE LEADERSHIP MAPPING, 2022
     16.8 COMPETITIVE BENCHMARKING 
             TABLE 179 MARINE ACTUATORS AND VALVES MARKET: KEY START-UPS/SMES
     16.9 COMPETITIVE SCENARIO 
             16.9.1 KEY DEALS
                        TABLE 180 KEY DEALS, 2018–2022
             16.9.2 KEY PRODUCT LAUNCHES
                        TABLE 181 KEY PRODUCT LAUNCHES, 2018–2022
 
17 COMPANY PROFILES (Page No. - 213)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*  
     17.1 INTRODUCTION 
     17.2 KEY PLAYERS 
             17.2.1 MOOG INC.
                        TABLE 182 MOOG INC.: COMPANY OVERVIEW
                        FIGURE 48 MOOG INC.: COMPANY SNAPSHOT
                        TABLE 183 MOOG INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 184 MOOG INC.: PRODUCT DEVELOPMENTS
                        TABLE 185 MOOG INC.: DEALS
             17.2.2 HONEYWELL INTERNATIONAL INC.
                        TABLE 186 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW
                        FIGURE 49 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
                        TABLE 187 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             17.2.3 ROTORK PLC
                        TABLE 188 ROTORK PLC: COMPANY OVERVIEW
                        FIGURE 50 ROTORK PLC: COMPANY SNAPSHOT
                        TABLE 189 ROTORK PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 190 ROTORK PLC: PRODUCT LAUNCHES
                        TABLE 191 ROTORK PLC: DEALS
             17.2.4 EMERSON
                        TABLE 192 EMERSON: COMPANY OVERVIEW
                        FIGURE 51 EMERSON: COMPANY SNAPSHOT
                        TABLE 193 EMERSON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 194 EMERSON: PRODUCT LAUNCHES
                        TABLE 195 EMERSON: DEALS
             17.2.5 CURTISS-WRIGHT CORPORATION
                        TABLE 196 CURTISS-WRIGHT CORPORATION: COMPANY OVERVIEW
                        FIGURE 52 CURTISS-WRIGHT CORPORATION: COMPANY SNAPSHOT
                        TABLE 197 CURTISS-WRIGHT CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 198 CURTISS-WRIGHT CORPORATION: DEALS
             17.2.6 BURKERT FLUID CONTROL SYSTEMS
                        TABLE 199 BURKERT FLUID CONTROL SYSTEMS: COMPANY OVERVIEW
                        TABLE 200 BURKERT FLUID CONTROL SYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 201 BURKERT FLUID CONTROL SYSTEMS: PRODUCT LAUNCHES
                        TABLE 202 BURKERT FLUID CONTROL SYSTEMS: DEALS
             17.2.7 FLOWSERVE CORPORATION
                        TABLE 203 FLOWSERVE CORPORATION: COMPANY OVERVIEW
                        FIGURE 53 FLOWSERVE CORPORATION: COMPANY SNAPSHOT
                        TABLE 204 FLOWSERVE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 205 FLOWSERVE CORPORATION: PRODUCT DEVELOPMENTS
                        TABLE 206 FLOWSERVE CORPORATION: DEALS
             17.2.8 IMI PLC
                        TABLE 207 IMI PLC: COMPANY OVERVIEW
                        FIGURE 54 IMI PLC: COMPANY SNAPSHOT
                        TABLE 208 IMI PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 209 IMI PLC: DEALS
             17.2.9 SCHLUMBERGER NV
                        TABLE 210 SCHLUMBERGER NV: COMPANY OVERVIEW
                        FIGURE 55 SCHLUMBERGER NV: COMPANY SNAPSHOT
                        TABLE 211 SCHLUMBERGER NV: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             17.2.10 KITZ CORPORATION
                        TABLE 212 KITZ CORPORATION: COMPANY OVERVIEW
                        FIGURE 56 KITZ CORPORATION: COMPANY SNAPSHOT
                        TABLE 213 KITZ CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 214 KITZ CORPORATION: DEALS
             17.2.11 DIAKONT
                        TABLE 215 DIAKONT: COMPANY OVERVIEW
                        TABLE 216 DIAKONT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 217 DIAKONT: PRODUCT LAUNCHES
                        TABLE 218 DIAKONT: DEALS
             17.2.12 ULTRA MOTION
                        TABLE 219 ULTRA MOTION: COMPANY OVERVIEW
                        TABLE 220 ULTRA MOTION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             17.2.13 AVK GROUP
                        TABLE 221 AVK GROUP: COMPANY OVERVIEW
                        TABLE 222 AVK GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 223 AVK GROUP: DEALS
             17.2.14 HUNT VALVE
                        TABLE 224 HUNT VALVE: COMPANY OVERVIEW
                        TABLE 225 HUNT VALVE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 226 HUNT VALVE: DEALS
             17.2.15 WOODWARD INC.
                        TABLE 227 WOODWARD INC.: COMPANY OVERVIEW
                        FIGURE 57 WOODWARD INC.: COMPANY SNAPSHOT
                        TABLE 228 WOODWARD INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             17.2.16 AUMA RIESTER GMBH & CO.
                        TABLE 229 AUMA RIESTER GMBH & CO.: COMPANY OVERVIEW
                        TABLE 230 AUMA RIESTER GMBH & CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 231 AUMA RIESTER GMBH & CO.: PRODUCT DEVELOPMENTS
             17.2.17 ROCKWELL AUTOMATION
                        TABLE 232 ROCKWELL AUTOMATION: COMPANY OVERVIEW
                        FIGURE 58 ROCKWELL AUTOMATION: COMPANY SNAPSHOT
                        TABLE 233 ROCKWELL AUTOMATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             17.2.18 WARTSILA CORPORATION
                        TABLE 234 WARTSILA CORPORATION: COMPANY OVERVIEW
                        FIGURE 59 WARTSILA CORPORATION: COMPANY SNAPSHOT
                        TABLE 235 WARTSILA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             17.2.19 SAMSON GROUP
                        TABLE 236 SAMSON GROUP: COMPANY OVERVIEW
                        TABLE 237 SAMSON GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             17.2.20 ATLAS MARINE VALVES
                        TABLE 238 ATLAS MARINE VALVES: COMPANY OVERVIEW
                        TABLE 239 ATLAS MARINE VALVES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
     17.3 OTHER PLAYERS 
             17.3.1 JOHNSON VALVES
                        TABLE 240 JOHNSON VALVES: COMPANY OVERVIEW
                        TABLE 241 JOHNSON VALVES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             17.3.2 MESON AB
                        TABLE 242 MESON AB: COMPANY OVERVIEW
                        TABLE 243 MESON AB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             17.3.3 HAWA VALVES
                        TABLE 244 HAWA VALVES: COMPANY OVERVIEW
                        TABLE 245 HAWA VALVES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.  
 
18 APPENDIX (Page No. - 274)
     18.1 DISCUSSION GUIDE 
     18.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     18.3 CUSTOMIZATION OPTIONS 
     18.4 RELATED REPORTS 
     18.5 AUTHOR DETAILS 
 

The study involved four major activities in estimating the current market size for the Marine Actuators and Valves market. Exhaustive secondary research was conducted to collect information on the market, the peer markets, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg, BusinessWeek, International Maritime Organization, Dow Jones Factiva and different magazines, were referred to identify and collect information for this study. Secondary sources also included annual reports, press releases & investor presentations of companies, certified publications, articles by recognized authors, and simulator databases.

Primary Research

The Marine Actuators and Valves market comprises several stakeholders, such as raw material providers, marine actuators and valves manufacturers and suppliers, and regulatory organizations in the supply chain. While the demand side of this market is characterized by various end users, the supply side is characterized by technological advancements in actuators and valves chemistries and safe actuators and valves systems. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:

Marine Actuators and Valves Market Size, and Share

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 subsegments of the market. The research methodology used to estimate the market size includes the following:

  • Key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Market size estimation methodology: Bottom-up Approach

The bottom-up approach was employed to arrive at the overall size of the Marine Actuators and Valves market from the demand for such systems and components by end users in each country, and the average cost of Actuators and Valves systems was multiplied by the new ship deliveries and MRO fleet, respectively. These calculations led to the estimation of the overall market size.

Marine Actuators and Valves Market Size, and Bottom-up Approach

Market size estimation methodology: Top-down Approach

In the top-down approach, the overall market size was used to estimate the size of the individual markets (mentioned in market segmentation) through percentage splits obtained from secondary and primary research.

The most appropriate and immediate parent market size was used to calculate the specific market segments to implement the top-down approach. The bottom-up approach was also implemented to validate the market segment revenues obtained.

A market share was then estimated for each company to verify the revenue share used earlier in the bottom-up approach. With data triangulation procedures and validation through primaries, the overall parent market size and each market size were determined and confirmed in this study. The data triangulation procedure used for this study is explained in the market breakdown and triangulation section.

Marine Actuators and Valves Market Size, and Top-down Approach

Data Triangulation

After arriving at the overall market size-using the market size estimation process explained above-the market was split into several segments and subsegments. Data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides of the Marine Actuators and Valves market.

Market Definition

The marine actuators and valves market report covers pneumatic, hybrid, electric, and manual actuators and valves used in commercial, defense, and unmanned underwater vehicles (UUVs). A pneumatic actuator is a device that turns energy into mechanical motion, often in the form of compressed air. Electric actuators are devices that may induce the motion of a load or an action that requires a force, such as clamping, by using an electric motor to provide the necessary force. The report also covers actuators and valves by design characteristics, material, and application areas onboard a marine vessel.

Key Stakeholders

Ship Manufacturers, marine component manufacturers, private and small enterprises, distributors/suppliers/retailers, and end users are the key stakeholders in the marine actuators and valves market ecosystem. Investors, funders, academic researchers, distributors, service providers, and industries are major influencers in the market.

Report Objectives

  • To identify and analyze key drivers, restraints, challenges, and opportunities influencing the growth of the Marine Actuators and Valves market
  • To analyze the impact of macro and micro indicators on the market
  • To forecast the market size of segments for 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 strategically analyze micro markets with respect to individual technological trends, prospects, and their contribution to the overall market
  • To strategically profile key market players and comprehensively analyze their market ranking and core competencies
  • To provide a detailed competitive landscape of the market, along with an analysis of business and corporate strategies, such as contracts, agreements, partnerships, and  expansions.
  • To identify detailed financial positions, key products, unique selling points, and key developments of leading companies in the market

Available customizations

Along with the market data, MarketsandMarkets offers customizations as per the specific needs of companies. The following customization options are available for the report:

Product Analysis

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

Regional Analysis

  • Further breakdown of the market segments at country-level
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Published ON
Apr, 2023
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