Marine Actuators and Valves Market : Trends, outlook and Opportunity Analysis 2025
Factors such as rapid globalization, the increasing demand for advanced valves in the marine sector, and a sizeable rise in foreign trade have acted in favor of the marine actuators and valves market’s expansion worldwide. While the market is projected to report a CAGR between 5.9% between 2016 and 2025. In 2016, the market’s valuation was at US$2.64 bn. However, rising at the aforementioned CAGR it is forecast to reach US$4.43 bn by the end of forecast period. In response to the rising international trade, the demand for marine transport is surging. Obtain Report Details @ http://www.transparencymarketresearch.com/marine-actuators-valves-market.html The global marine actuators and valves market can be bifurcated into actuators and valves. Of these, valves accounted for the leading market share, however, during the forecast period the actuator segment is forecast to exhibit a higher CAGR of 6.4%. Pneumatic actuators, hydraulic actuators, manual actuators, electric actuators, mechanical actuators, and hybrid actuators are the most common types available in the market. Some of the commonly used valve types include linear motion valves, rotary motion valves, specialty valves, and self-actuated valves. Make an Enquiry @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=23042 Regionally, Asia Pacific, Europe, North America, South America, and the Middle East and Africa constitute the key segments in the global marine actuators and valves market. Among these regions, Asia Pacific held the lead in the overall market. Its dominance is expected to remain unaffected through the forecast period. The Asia Pacific marine actuators and valves market is therefore expected to hold 44.4% of the overall market by the end of 2024. The global marine actuators and valves market comprises both large and mid-scale companies. Some of the most prominent members in the market are AVK Holding A/S, Bßrkert Fluid Control Systems, Emerson Electric Co and Flowserve Corporation. These companies have a