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Increased worldwide seaborne trade is likely to encourage innovation in the manufacture of marine actuators and valves, propelling the market during the forecast period.

The global marine actuators and valves market is expected to grow from $3.26 billion in 2022 to $3.48 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The global marine actuators and valves market size is expected to reach $4.33 billion in 2027 at a CAGR of 5.6%.

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Global Marine Actuators And Valves Market Segments Include:

• By Product: Valves, Actuators
• By Material: Stainless Steel, Aluminum, Alloy-Based, Other Materials
• By Mechanism: Pneumatic, Hydraulic, Electric, Hybrid, Mechanical, Manual
• By Application: Defense, Commercial
• By End User: Original Equipment Manufacturer (OEM), Aftermarket
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global marine actuators and valves market in 2021.

Major Market Players in the marine actuators and valves market include Honeywell International Inc., Rotork plc , Emerson Electric Co., Curtiss-Wright Corporation , Flowserve Corporation, KITZ Corporation, Watts Water Technologies Inc.

Emerging technologies are a prevalent trend in the marine actuators and valves industry. Companies in the marine actuators and valves market are embracing new technologies in order to maintain their market position. For example, in June 2022, W&O Supply, a maritime fittings provider based in the United States, will debut a digital marine valve management solution that is coupled with radio frequency identification technology (RFID). This technology assists operators in identifying information about various valves on their boards, allowing them to prevent any delays.

The Marine Actuators And Valves Global Market Report 2023  provides a marine actuators and valves market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The marine actuators and valves market forecast analyzes marine actuators and valves market size, marine actuators and valves market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Marine actuators are devices that turn energy into motion and manage the ship’s system. Marine valves are critical components of the marine industry that regulate the flow of liquids and gases on ships and offshore structures. By changing the energy and signals that enter the system, these devices generate motion.

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