Marine Actuators and Valves Market by Platform (Commercial, Defense, Unmanned), Sales Channel (OEM, Aftermarket), Product (Actuator and Valve type), Design Characteristics, Material, Application, Component and Region - Global Forecast to 2027
The Marine Actuators and Valves market size is projected to grow from USD 2.8 Billion in 2022 to USD 3.6 Billion by 2027, at a CAGR of 5.3% from 2022 to 2027. The increase in global commercial trade operations and the surge in fleet modernization in marine vessels are the primary factors driving the growth of the Marine Actuators and Valves market. Furthermore, the demand for advanced motion control systems onboard marine vessel is boosting the adoption of Marine Actuators and Valves.
Rotary Actuators segment is expected to account for the largest share in 2022.
Based on Product type, for Actuators, the rotary actuators segment is projected to lead the Marine Actuators market during the forecast period. These actuators are highly popular for use on ships and other vessels owing to their compact size, ability to generate larger torques and little maintenance requirements. A rise in the number of vessel deliveries during the forecast period is set to drive the market for these actuators.
The Stainless-Steel segment is projected to dominate the market share in the By Material segment during the forecast period.
Based on Material, the stainless-steel segment is projected to dominate the market share during the forecast period. Stainless steel is highly resistant to corrosion and rusting, making it excellent for use in marine conditions where seawater and other corrosive elements are frequently present. It is also nonmagnetic, hence perfect for use in naval situations where magnetic interference could cause electrical equipment difficulties. Because of its strength and durability, it can survive the extreme circumstances of maritime settings, such as high pressures and temperatures, and hence is a popular choice for marine applications.
Based on Sales Channel, the OEM segment is projected to lead the Marine Actuators and Valves market during the forecast period. The OEM section of the market is driven by the continuous fleet expansion projects of numerous end users, including commercial passenger vessels, as well as cargoes, oil tankers and military operators. Manufacturers in the marine actuators and valves market have extensive R&D resources, allowing them to stay at the forefront of technological breakthroughs in the industry. This provides them with a competitive advantage in terms of providing ship owners with the most up-to-date and inventive options. OEMs have built relationships with shipyards and other industry major players, which helps them get contracts and maintain their market leadership.
The market for the electric segment is estimated to grow from USD 776 million in 2022 to USD 1012 million by 2027, at a CAGR of 5.45%. Technological advancements in electric mechanism-based products have led to an increased demand for electric actuators as these products offer advantages such as lower maintenance and more leak-free operations. Electric actuators are used in boats, yachts, and other sea vessels either externally or internally. Electric actuators provide a reliable lift on an engine hatch and allow easy access to the heart of the marine vessel.
Asia Pacific is expected to account for the largest market share in 2022
The Asia Pacific region includes some of the busiest shipping routes in the world, including significant ports in China, Japan, and South Korea. This increasing demand for shipping generates a sizable market for marine components. The Asia Pacific region is also home to some of the world's largest shipbuilding nations, including China, Japan, and South Korea. As these countries' shipbuilding industries expand, so does demand for marine components. These factors have contributed to the Asia Pacific area becoming a major participant in the marine component industry, with many key manufacturers and suppliers situated in countries such as Japan, South Korea, and China.
The break-up of the profile of primary participants in the Marine Actuators and Valves market:
By Company Type: Tier 1 – 55%, Tier 2 – 25%, and Tier 3 – 20%
By Designation: C Level – 50%, Director Level – 25%, Others-25%
By Region: North America – 20%, Europe – 40%, Asia Pacific – 20%, Middle East- 5%, Rest of the World – 15%.
Prominent companies include Moog Inc. (US), Honeywell International Inc. (US), Rotork plc (UK), Emerson (US), Curtiss-Wright Corporation (US), IMI plc (UK), Flowserve Corporation (US), Rockwell Automation (US) and Kitz Corporation (Japan) among others.
Research Coverage:
The report segments the Marine Actuators and Valves market based on Product, Platform, Design Characteristics, Material, Mechanism, Sales Channel, Application, Component and Region. Based on Product the market is segmented into Valve type and Actuator type. Based on Platform, the market is segmented into commercial, defense, and unmanned vessels. The market, based on Design Characteristics, has been segmented into Valve market by size, Actuators market by Torque and Actuators market by Thrust. The marine actuators and valves market, based on Mechanism, has been segmented into pneumatic, hydraulic, electric, hybrid, mechanical and manual. The marine actuators and valves market, based on Material, has been segmented into stainless steel, aluminum, alloy-based and others. Based on Application, the market has been segmented into Ballast and Bilge System, Fuel and Propulsion System, Liquid cargo system, refrigeration system, HVAC system, firefighting system, portable water system and other applications. The market based on Component has been segmented into Valve components and Actuator components. On the basis of sales channel, the marine Actuators and Valves market has been segmented into OEM and aftermarket. The Marine Actuators and Valves market has been studied for North America, Europe, Asia Pacific, Middle East, and Rest of the World. The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the Marine Actuators and Valves market. A detailed analysis of the key industry players has been done to provide insights into their business overviews, solutions, and services; key strategies; Contracts, partnerships, agreements, new product & service launches, mergers and acquisitions; and recent developments associated with the Marine Actuators and Valves market. Competitive analysis of upcoming startups in the Marine Actuators and Valves market ecosystem is covered in this report.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall Marine Actuators and Valves market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on Marine Actuators and Valves offered by the top players in the market
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Marine Actuators and Valves market
Market Development: Comprehensive information about lucrative markets – the report analyses the Marine Actuators and Valves market across varied regions
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Marine Actuators and Valves market
Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players in the Marine Actuators and Valves market
- 1 Marine Actuators And Valves Market
- 1.1 Study Objectives
- 1.2 Market Definition
- 1.3 Study Scope
- 1.3.1 Markets Covered
- Figure 1 Marine Actuators And Valves Market Segmentation
- 1.3.2 Regions Covered
- Figure 2 Marine Actuators And Valves Market: Regional Segmentation
- 1.3.3 Years Considered
- 1.4 Inclusions And Exclusions
- Table 1 Inclusions And Exclusions
- 1.5 Currency Considered
- 1.5.1 Usd Exchange Rates
- 1.6 Scope-related Research Limitations
- 1.7 Market Stakeholders
- 1.8 Summary Of Changes
- 2 Research Methodology
- 2.1 Research Data
- Figure 3 Report Process Flow
- Figure 4 Marine Actuators And Valves Market: Research Design
- 2.1.1 Secondary Data
- 2.1.1.1 Key Data From Secondary Sources
- 2.1.2 Primary Data
- 2.1.2.1 Key Data From Primary Sources
- 2.2 Impact Of Recession On Marine Actuators And Valves Market
- 2.2.1 Demand-side Indicators
- Figure 5 Naval Defense Budget By Us
- Figure 6 Breakdown Of Us Naval Defense Budget
- 2.2.2 Supply-side Indicators
- 2.3 Factor Analysis
- 2.3.1 Demand-side Analysis
- 2.3.1.1 Growing Maritime Tourism Industry
- 2.3.2 Supply-side Analysis
- 2.3.2.1 Steady Revenue Cycles Of Top Players In Industry
- 2.4 Market Definition And Scope
- 2.4.1 Segments And Subsegments
- 2.4.2 Exclusions
- 2.4.3 Primary Interviewee Details
- 2.5 Market Size Estimation And Methodology
- 2.5.1 Bottom-up Approach
- Figure 7 Market Size Estimation Methodology: Bottom-up Approach
- 2.5.2 Top-down Approach
- Figure 8 Market Size Estimation Methodology: Top-down Approach
- 2.6 Data Triangulation
- Figure 9 Data Triangulation: Marine Actuators And Valves Market
- 2.7 Market Sizing And Forecasting
- Figure 10 Study Assumptions
- 2.8 Methodology-related Research Limitations
- 2.9 Growth Forecast
- 3 Executive Summary
- Figure 11 Electric Mechanism To Lead Marine Actuators And Valves Market In 2027
- Figure 12 Oem Segment To Account For Larger Size Of Marine Actuators Amd Valves Market In 2027
- Figure 13 Valves To Hold Larger Size Of Marine Actuators Amd Valves Market During Forecast Period
- Figure 14 Asia Pacific Accounted For Largest Market Share In 2022
- 4 Premium Insights
- 4.1 Overview Of Opportunities In Marine Actuators And Valves Market
- Figure 15 Increase In Seaborne Trade And Rise In Procurement Of Advanced Vessels To Drive Market
- 4.2 Marine Actuators And Valves Market, By Product
- Figure 16 Actuators To Account For Larger Share Of Marine Actuators And Valves Market During Forecast Period
- 4.3 Marine Actuators And Valves Market, By Material
- Figure 17 Stainless Steel To Hold Largest Market Share During Study Period
- 4.4 Marine Actuators And Valves Market, By Valve Component
- Figure 18 Valve Bodies To Account For Largest Market Share During Forecast Period
- 4.5 Marine Actuators And Valves Market, By Actuator Component
- Figure 19 Cylinders Segment To Dominate Market During Forecast Period
- 5 Market Overview
- 5.1 Introduction
- 5.2 Market Dynamics
- Figure 20 Marine Actuators And Valves Market Dynamics
- 5.2.1 Drivers
- 5.2.1.1 Requirement For High-performance Motion Control Devices
- 5.2.1.2 Increased Global Seaborne Trade
- 5.2.1.3 Booming Maritime Tourism Industry
- 5.2.2 Restraints
- 5.2.2.1 Stringent Regulatory Norms For Valve And Actuator Manufacturers
- 5.2.3 Opportunities
- 5.2.3.1 Increased Demand For Technologically-advanced Actuators In Marine Vessels
- 5.2.3.2 Growing Use Of Inland Waterways
- 5.2.4 Challenges
- 5.2.4.1 Power Consumption, Noise, And Leakage Issues In Actuators And Valves
- 5.3 Trends/Disruptions Impacting Customers’ Businesses
- 5.3.1 Revenue Shift And New Revenue Pockets In Marine Actuators And Valves Market
- 5.4 Value Chain Analysis
- Figure 21 Value Chain Analysis
- 5.5 Average Selling Price Analysis
- Table 2 Average Selling Price, By Valve And Actuator Type
- 5.6 Ship Deliveries Volume, By Type, 2o22–2027
- Table 3 Volume Projections For New Deliveries Of Marine Vessels From 2022 To 2027
- 5.7 Ecosystem Analysis
- 5.7.1 Prominent Companies
- 5.7.2 Private And Small Enterprises
- 5.7.3 End Users
- Figure 22 Marine Actuators And Valves Market Ecosystem Map
- Table 4 Marine Actuators And Valves Market Ecosystem
- 5.8 Porter’s Five Forces Analysis
- Table 5 Porter’s Five Forces Analysis
- Figure 23 Porter’s Five Forces Analysis
- 5.9 Impact Of Economic Recession On Marine Actuators And Valves Market
- Figure 24 Recession Impact Analysis On Marine Actuators And Valves Market
- 5.10 Case Study Analysis
- 5.10.1 Moog’s Valves To Deliver Energy Savings And Reduce Emissions
- 5.11 Key Stakeholders And Buying Criteria
- 5.11.1 Key Stakeholders In Buying Process
- Figure 25 Influence Of Stakeholders On Buying Process Of Marine Actuator And Valve Products And Systems
- Table 6 Influence Of Stakeholders On Buying Process Of Marine Actuator And Valve Products And Systems (%)
- 5.11.2 Buying Criteria
- Figure 26 Key Buying Criteria For Marine Actuator And Valve Products And Systems
- Table 7 Key Buying Criteria For Marine Actuator And Valve Products And Systems
- 6 Industry Trends
- 6.1 Introduction
- 6.2 Technological Advancements In Marine Actuators And Valves
- 6.2.1 Adoption Of Electric Actuators In Marine Vessels And Surface Ships
- 6.2.2 Development Of Actuation Systems For Autonomous Underwater Vehicles
- 6.2.3 Implementation Of Explosion-proof Actuators
- 6.2.4 Use Of Advanced Materials In Marine Actuators And Valves
- 6.3 Emerging Trends In Full Body Scanner Manufacturing
- 6.3.1 3d Simulation Software
- 6.3.2 Big Data
- 6.3.3 Artificial Intelligence
- 6.4 Supply Chain Analysis
- Figure 27 Supply Chain Analysis
- 6.5 Use Case Analysis
- 6.5.1 Actuator Sensor Interface To Allow Simple On/Off Valve Integration In Marine Applications
- 6.5.2 Electric Actuators To Be Simple Method For Opening And Closing Engine Hatches On Boats
- 6.6 Innovation And Patent Analysis
- Table 8 Innovations And Patent Registrations
- 7 Marine Actuators And Valves Market, By Product
- 7.1 Introduction
- Figure 28 Marine Actuators And Valves Market, By Product, 2022–2027 (Usd Million)
- Table 9 Marine Actuators And Valves Market, By Product, 2018–2021 (Usd Million)
- Table 10 Marine Actuators And Valves Market, By Product, 2022–2027 (Usd Million)
- 7.2 Valves
- Table 11 Marine Actuators And Valves Market, By Valve Type, 2018–2021 (Usd Million)
- Table 12 Marine Actuators And Valves Market, By Valve Type, 2022–2027 (Usd Million)
- 7.2.1 Quarter-turn Valves
- Table 13 Marine Actuators And Valves Market, By Valve Type, Quarter-turn Valves 2018–2021 (Usd Million)
- Table 14 Marine Actuators And Valves Market, By Valve Type, Quarter-turn Valves 2022–2027 (Usd Million)
- 7.2.1.1 Ball Valves
- 7.2.1.1.1 Increasing Use In Water Treatment Plants As Well As Ballast And Bilge Systems To Drive Market
- 7.2.1.2 Butterfly Valves
- 7.2.1.2.1 Growing Adoption Of Butterfly Valves In Marine Applications To Boost Market
- 7.2.1.3 Plug Valves
- 7.2.1.3.1 Increasing Concerns For Operational Safety Of Ships To Fuel Segment
- 7.2.1.4 Other Quarter-turn Valves
- 7.2.2 Multi-turn Valves
- Table 15 Marine Actuators And Valves Market, By Valve Type, Multi-turn Valves 2018–2021 (Usd Million)
- Table 16 Marine Actuators And Valves Market, By Valve Type, Multi-turn Valves 2022–2027 (Usd Million)
- 7.2.2.1 Globe Valves
- 7.2.2.1.1 Adoption Of Advanced Materials For Marine Applications To Propel Segment
- 7.2.2.2 Gate Valves
- 7.2.2.2.1 Use Of Advanced Materials For Regulating Flow Of Liquid To Augment Segment
- 7.2.2.3 Diaphragm Valves
- 7.2.2.3.1 Deployment Of Lightweight, Compact, And Corrosion-resistant Materials To Aid Segment
- 7.2.2.4 Other Multi-turn Valves
- 7.3 Actuators
- Table 17 Marine Actuators And Valves Market, By Actuator Type, 2018–2021 (Usd Million)
- Table 18 Marine Actuators And Valves Market, By Actuator Type, 2022–2027 (Usd Million)
- 7.3.1 Linear Actuators
- 7.3.1.1 Rod-type Linear Actuators
- 7.3.1.1.1 Increasing Use In Ship Structures To Facilitate Carriage Of Loads
- 7.3.1.2 Screw-type Linear Actuators
- 7.3.1.2.1 Growing Deployment Of Linear Actuators In Motorboats To Boost Market
- 7.3.1.3 Belt-type Linear Actuators
- 7.3.1.3.1 Adoption Of Belt-type Linear Actuators To Increase Operational Efficiency Of Marine Vessels
- 7.3.2 Rotary Actuators
- 7.3.2.1 Quarter-turn Actuators
- 7.3.2.1.1 Increasing Use Of Butterfly And Ball Valves To Accelerate Demand
- 7.3.2.2 Multi-turn Actuators
- 7.3.2.2.1 Rising Adoption Of Multi-turn Bilges And Crossover Valves To Augment Demand
- 8 Marine Actuators And Valves Market, By Mechanism
- 8.1 Introduction
- Figure 29 Marine Actuators And Valves Market, By Mechanism, 2022–2027 (Usd Million)
- Table 19 Marine Actuators And Valves Market, By Mechanism, 2018–2021 (Usd Million)
- Table 20 Marine Actuators And Valves Market, By Mechanism, 2022–2027 (Usd Million)
- 8.2 Pneumatic
- 8.2.1 Compact Pneumatic Linear Actuators To Be Used In Commercial Shipbuilding Industry
- 8.3 Hydraulic
- 8.3.1 Hydraulic Actuators To Be Adopted In Steering Mechanism Of Marine Vessels
- 8.4 Electric
- 8.4.1 Low-maintenance Marine Actuators And Valves To Increase Demand In Shipbuilding Industry
- 8.5 Mechanical
- 8.5.1 Mechanical Actuators To Find Applications In Ship Components
- 8.6 Manual
- 8.6.1 Manual Valves To Be Deployed In Cargo Vessels For Flow Control Applications
- 8.7 Hybrid
- 8.7.1 Technological Advancements To Enable Higher Adoption Of Electro-hydraulic Actuators In Marine Applications
- 9 Marine Actuators And Valves Market, By Component
- 9.1 Introduction
- Table 21 Marine Actuators And Valves Market, By Component, 2018–2021 (Usd Million)
- Table 22 Marine Actuators And Valves Market, By Component, 2022–2027 (Usd Million)
- 9.2 Valve Components
- Figure 30 Marine Actuators And Valves Market, By Valve Component, 2022–2027 (Usd Million)
- Table 23 Marine Actuators And Valves Market For Valve Components, By Type, 2018–2021 (Usd Million)
- Table 24 Marine Actuators And Valves Market For Valve Components, By Type, 2022–2027 (Usd Million)
- 9.2.1 Valve Bodies
- 9.2.1.1 Increased Demand For Maintenance And Repair Services For Commercial And Defense Ships To Drive Segment
- 9.2.2 Valve Bonnets
- 9.2.2.1 High Adoption Of Casted And Forged Valve Bonnets In Marine Vessels To Propel Segment
- 9.2.3 Valve Trims
- 9.2.3.1 Regular Maintenance And Repair Activities To Increase Demand
- 9.3 Actuator Components
- Figure 31 Marine Actuators And Valves Market, By Actuator Component, 2022–2027 (Usd Million)
- Table 25 Marine Actuators And Valves Market For Actuator Components, By Type, 2018–2021 (Usd Million)
- Table 26 Marine Actuators And Valves Market For Actuator Components, By Type, 2022–2027 (Usd Million)
- 9.3.1 Cylinders
- 9.3.1.1 Increased Use Of Advanced Materials While Manufacturing Cylinders To Fuel Market
- 9.3.2 Drives
- 9.3.2.1 High Penetration Rate Of Drives To Control Motor Speed
- 9.3.3 Manifolds
- 9.3.3.1 Technological Advancements In Manifolds To Add Extra Protection
- 10 Marine Actuators And Valves Market, By Design Characteristics
- 10.1 Introduction
- 10.2 Valve Size
- Figure 32 Marine Valves Market, By Valve Size, 2022–2027 (Usd Million)
- Table 27 Marine Valves Market, By Type, 2018–2021 (Usd Million)
- Table 28 Marine Valves Market, By Type, 2022–2027 (Usd Million)
- 10.2.1 Up To 1”
- 10.2.1.1 Up To 1” Control Valves To Be Increasingly Used In Commercial Vessels
- 10.2.2 >1” To 4”
- 10.2.2.1 >1" To 4 Marine Valves To Be Most Commonly Used In Marine Vessels
- 10.2.3 >4” To 6”
- 10.2.3.1 >4" To 6" Marine Valves To Be Used In Medium-pressure Applications
- 10.2.4 >6” To 9”
- 10.2.4.1 >6" To 9" Valves To Be Increasingly Used In Defense Vessels
- 10.2.5 >9” To 15”
- 10.2.5.1 >9” To 15” Marine Valves To Be Used In Oil Tankers
- 10.2.6 15” And Above
- 10.2.6.1 >15” Valves To Be Commonly Used In Aircraft Carriers
- 10.3 Actuators, By Thrust
- Figure 33 Marine Actuators Market, By Thrust, 2022–2027 (Usd Million)
- Table 29 Marine Actuators Market, By Thrust, 2018–2021 (Usd Million)
- Table 30 Marine Actuators Market, By Thrust, 2022–2027(Usd Million)
- 10.3.1 <10 Kn
- 10.3.2 10 Kn To 100 Kn
- 10.3.3 >100 Kn
- 10.4 Actuators, By Torque
- Table 31 Marine Actuators Market, By Torque, 2018–2021 (Usd Million)
- Table 32 Marine Actuators Market, By Torque, 2022–2027 (Usd Million)
- 10.4.1 <10 Knm
- 10.4.2 10 Knm To 100 Knm
- 10.4.3 >100 Knm
- 11 Marine Actuators And Valves Market, By Application
- 11.1 Introduction
- Figure 34 Marine Actuators And Valves Market, By Application, 2022–2027 (Usd Million)
- Table 33 Marine Actuators And Valves Market, By Application, 2018–2021 (Usd Million)
- Table 34 Marine Actuators And Valves Market, By Application, 2022–2027 (Usd Million)
- 11.2 Ballast And Bilge Systems
- 11.2.1 Growing Fleet Of Cargo Vessels To Drive Market
- 11.2.2 Ballast Tanks
- 11.2.3 Bilges
- 11.2.4 Slop Tanks
- 11.3 Fuel And Propulsion Systems
- 11.3.1 Increasing Shipbuilding Activities In Asia Pacific To Augment Market
- 11.3.2 Water Treatment Plants
- 11.3.3 Heat Exchangers
- 11.3.4 Fuel Tanks
- 11.3.5 Water Separation Systems
- 11.3.6 Boilers
- 11.3.7 Air Dampers
- 11.3.8 Superheaters
- 11.3.9 Turbines
- 11.3.10 Condensers
- 11.3.11 Generators
- 11.3.12 Steering
- 11.4 Liquid Cargo Systems
- 11.4.1 Rising Procurement Of Tanker Vessels To Fuel Market
- 11.4.2 Manifolds
- 11.4.3 Cargo Tanks
- 11.5 Refrigeration Systems
- 11.5.1 Surging Demand For High-endurance And Long-range Advanced Marine Vessels To Propel Market
- 11.6 Hvac Systems
- 11.6.1 Increasing Need For Advanced Marine Actuators And Valves To Fuel Market
- 11.7 Firefighting Systems
- 11.7.1 Rising Fire Safety Issues On Marine Vessels To Aid Market
- 11.8 Portable Water Systems
- 11.8.1 Increasing Maritime Tourism To Increase Adoption Of High-end Marine Actuators And Valves
- 11.9 Other Applications
- 12 Marine Actuators And Valves Market, By Platform
- 12.1 Introduction
- Figure 35 Marine Actuators And Valves Market, By Platform, 2022–2027 (Usd Million)
- Table 35 Marine Actuators And Valves Market, By Platform, 2018–2021 (Usd Million)
- Table 36 Marine Actuators And Valves Market, By Platform, 2022–2027 (Usd Million)
- 12.2 Commercial Vessels
- Table 37 Marine Actuators And Valves Market For Commercial Vessels, By Type, 2018–2021 (Usd Million)
- Table 38 Marine Actuators And Valves Market For Commercial Vessels, By Type, 2022–2027 (Usd Million)
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