Global Marine Actuators and Valves Market is poised to reach US$ 4.96 Bn by 2027, Says CMI
                     Global Marine Actuators and Valves Market 
is poised to reach US$ 4.96 Bn by 2027, Says 
CMI 
Marine transportation is the most expansively used mode of transportation for goods 
shipment and passenger transport. Marine valves are mechanical components deployed to 
moderate, guide, and regulate the flow of numerous types of liquids and gases. Marine 
valves are available custom-made sizes including gate, angle, butterfly, and ball plug valves. 
Furthermore, actuators are joined to valves to monitor pressure and flow in applications 
where measurement of two values is extremely necessary. 
 
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Key players operating in the global LED services market are Emerson Electric Co, Honeywell 
International Inc., AVK Holding A/S, Rotork plc, KITZ Corporation, Flowserve Corporation, 
Watts Water Technologies, Inc., Shearwater GeoServices Holding AS, Burkert Fluid Control 
Systems, Schlumberger Limited, and Tyco International Ltd. 
Key Takeaways 
Asia Pacific holds the dominant position in the global Marine Actuators and Valves market 
and is expected to witness significant growth over the forecast period 2019-27. This is owing 
to growing ship manufacturing industry in Asia Pacific region. The material required for 
shipbuilding is steel and according to CMI analysis, china manufactures about 40% of world's 
crude steel production. According to same analysis Asia Pacific region accounted for about 
60% of ships manufactured around the globe in the year 2017. Owing to all these reasons 
Asia Pacific is expected to hold the dominant position in the market for the forecast period. 
Among type segment, valves sub segment is expected to dominate the global Marine 
Actuators and Valves market over the forecasted period 2019-27. This is owing to wide 
usage of valves in ships for controlling and regulation fluid through pipes. Most commonly 
used valve in ship is gate valve. Moreover, the valves can operate in both high and low 
temperatures. 
Among actuators segment hybrid actuators sub segment is expected to create a lucrative 
opportunity for global Marine Actuators and Valves market as these actuators have simple 
structure so requires less maintenance and repair process. Moreover Hybrid actuators have 
high efficiency and reliability. Hybrid actuators are combination of any two types of 
actuators such as electric and mechanical actuators. Owing to above mentioned reasons the 
hybrid actuators is expected to dominate the actuators segment over the forecast period. 
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Among regions, North America is expected to witness significant growth in the global 
marine actuators and valves market during the forecast period. This is owing to the 
upcoming modernization of the U.S. naval fleet leading to increased demand for marine 
actuators and valves in the country. Moreover, strategic decisions of the Canadian 
Government to develop its own ingenious marine industry. These trends are expected to 
continue during the forecast period. 
 
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