Marine Actuators & Valves Market by Product (Actuators, Valves), Mechanism (Electric, Hybrid, Hydraulic), Material, Application, Sales Channel, Ship Type - Global Forecast 2024-2030

Marine Actuators & Valves Market by Product (Actuators, Valves), Mechanism (Electric, Hybrid, Hydraulic), Material, Application, Sales Channel, Ship Type - Global Forecast 2024-2030

The Marine Actuators & Valves Market size was estimated at USD 3.11 billion in 2023 and expected to reach USD 3.28 billion in 2024, at a CAGR 6.01% to reach USD 4.68 billion by 2030.

The marine actuators and valves market encompasses a wide range of mechanical devices and components used primarily for controlling, regulating, and directing the flow of fluids in maritime industries. These essential components are designed to operate under harsh environmental conditions, such as saltwater corrosion, high pressure, and extreme temperatures that are encountered in marine applications. The increased use of marine passenger vessels in the travel & tourism sector is boosting the market demand for marine actuators and valves. The increased utilization of marine freight transportation for industrial and consumer goods also boosted the market growth. Additionally, the rising military & defense expenditures and investments worldwide have enhanced the utilization of marine vessels, increasing the adoption of marine actuators and valves. However, the high cost of raw materials & production issues may limit the utilization of marine actuators & valves. Moreover, operational constraints and faulty actuators & valves are also significant challenges in the market. Furthermore, technological advancements & increasing utilization of electric marine actuators are expected to create lucrative opportunities for market growth in upcoming years.

Regional Insights

The Americas has a highly developed infrastructure due to the presence of significant manufacturers of marine actuators and valves. The United States has a robust shipbuilding industry and strong naval presence worldwide, surging the demand for marine actuators and valves. In the EMEA region, the implementation of stringent regulations governing emissions from ships has further accelerated the need for advanced marine actuators and valves that meet environmental standards. The Middle East region has evolved as a global hub for oil & gas production further necessitates technologically advanced products that maximize operational efficiency while adhering to strict safety requirements. In the APAC region, global players are expanding their presence in the APAC region by collaborating with the regional manufacturers. China, Japan, and India have emerged as key markets for marine actuators and valves due to their expanding shipbuilding industries and increasing maritime trade.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Marine Actuators & Valves Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Rising usage of marine passenger vessels with improving travel & tourism sector
Acceleration of marine freight transportation for industrial and consumer goods
Increasing military & defense expenditure and investments worldwide

Market Restraints

High cost of raw materials and production of marine actuators & valves

Market Opportunities

Technological advancements in the marine actuators & valves
Increasing utilization of electric marine actuators

Market Challenges

Operational issues and faulty marine actuators & valves

Market Segmentation Analysis

Product: Major Types of Products
Mechanism: Significance of marine actuators and valves based on ship mechanisms
Application: Diverse Scope of Applications
Ship Type: Varying Scope Based on Ship Types

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Marine Actuators & Valves Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Marine Actuators & Valves Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

W&O Supply signs new valve distribution partnership with Dante Valve

W&O Supply, a major global supplier of maritime valves and actuation, announced an new partnership with Dante Valve to enhance the availability and service of the Danco valve product line. As part of this partnership, Dante Valve gains access to W&O's extensive branch network and warehousing facilities in both Europe and the US. This expanded reach will undoubtedly benefit customers by ensuring a wider range of valve products and improved service levels. This new partnership signifies a significant step towards improving customer service within the maritime sector. By combining the expertise and resources of W&O Supply and Dante Valve, customers can expect a wider selection of top-notch valve products and exceptional service.

Offspring expands valve selection through International agent agreement with Marine Division

Offspring International has recently entered into an international agent agreement with Marine Division, a specialist in valve and pipeline equipment. This partnership will allow Offspring to offer a wide range of offloading system valves and actuators, including Single Point Mooring (SPM), Conventional Buoy Mooring (CBM), Pipeline End Termination (PLET), and PipeLine End Manifold (PLEM). All valves provided by Offspring are meticulously designed under quality systems that conform to ISO 9001, API, ANSI, and ASME standards. In addition to traditional valve solutions, the collaboration between Offspring and Marine Division will also bring innovative control systems, such as Paladon Systems' Autonomous Shutdown Valve, to the market.

Mercury Marine introduces all-new V10 SeaPro commercial-grade outboard and Electric Steering

Mercury Marine, a division of Brunswick Corporation, introduced the new 5.7L V10 350hp SeaPro outboard and advanced Electric Steering system, which replaces hydraulic systems with an electric actuator, freeing up space in boats and consuming less power compared to electro-hydraulic steering. The Electric Steering system is compatible with all Mercury V10 and V8 Verado outboards and is currently available for multi-engine boats.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Marine Actuators & Valves Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Marine Actuators & Valves Market, highlighting leading vendors and their innovative profiles. These include AUMA Riester GmbH & Co. KG, AVK Group A/S, BloomFoss, Bray International, Bürkert GmbH & Co. KG, Curtiss-Wright Corporation, Diakont, Dynamic Corporation Limited, Emerson Electric Co., Flotech, Hawa Valves & Tubes Pvt. Ltd., Heinzmann GmbH & Co. KG, Honeywell International Inc., IMI PLC, KITZ Corporation, LINAK A/S, Masterpiece Flow Controls, Moog Inc., Novel Valves India Pvt. Ltd., Progressive Automations Inc., Regal Rexnord Corporation, Rockwell Automation, Inc., Rotork PLC, Schlumberger Limited, Shenzhen MORC Controls Ltd, Tianjin Tanghaidongyang Valve Co., Ltd., Trident Actuator, Ultra Motion LLC, Watts Water Technologies, Inc., and YIH SEAN Enterprise Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Marine Actuators & Valves Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
Actuators
Valves
Mechanism
Electric
Hybrid
Hydraulic
Manual
Mechanical
Pneumatic
Material
Aluminum
Stainless Steel
Application
Ballast & Bilge
Fuel & Propulsion
HVAC System
Liquid Cargo
Water System
Sales Channel
Aftermarket
OEM
Ship Type
Commercial
Defense
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year