Amid the COVID-19 crisis, the global market for Marine Actuators and Valves estimated at US$3 Billion in the year 2020, is projected to reach a revised size of US$4.2 Billion by 2027, growing at a CAGR of 4.8% over the period 2020-2027. Actuators, one of the segments analyzed in the report, is projected to record 5.4% CAGR and reach US$1.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Valves segment is readjusted to a revised 4.5% CAGR for the next 7-year period.
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A full report of Marine Actuators and Valves Market available at: https://www.orionmarketreports.com/marine-actuators-and-valves-market/46680/
Market Segmentation
Based on Component:
• Actuators
• Valves
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 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
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(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
