With the recent technological improvements, the marine industry now uses advanced actuators and valves, thus providing wide scope for the market. Marine actuators and valves market is seen as a lucrative business opportunity over the upcoming years and is the focus of a new research report recently added to the huge online repository of Market Research Reports Search Engine (MRRSE) with a title “Marine Actuators and Valves Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2025”. The report provides a thorough enquiry about the present market state as well as the future outlook of the global marine actuators and valves market.
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The report predicts that the global marine actuators and valves market will grow at a CAGR of 5.9% between 2016 and 2025. Surging at this pace, market is expected to reach a value of US$4.43 billion by the end of 2025 from US$2.64 billion in 2016. This growth is primarily driven by the rising demand for more advanced actuators and valves in marine industry as well as rapid globalization in the emerging economies. Rising global trade and commerce and growing demand for innovation in actuators have also given a major push to the industry.
This report provides a study of the global actuators and valves market during the period of 2015 to 2025, wherein the duration from 2017 to 2025 is the forecast period and 2016 is the base year. Data for 2015 is included as a historical information. The market overview section of the report presents the market dynamics and trends such as the drivers, restraints, challenges and opportunities that impact the current market as well as future state of this market. It also includes the value chain analysis and porters five force analysis for the marine actuators and valves market. The market data estimates covered in the study are the result of painstaking secondary research, primary interviews and in-house expert researchers’ panel reviews. These industry estimates have been scrutinized in detail after taking into account the effect of different economic, political, social, technological and legal aspects along with the current market dynamics impacting the market’s growth.
Furthermore, the report includes in-depth market share analysis and forecast of major segments divided on the basis of product-type, vessel-type and geographic region. On the basis of type, the market is bifurcated into marine actuators and valves. Furthermore, the vessel type segmentation includes dry cargo vessels, passenger ships and ferries, special purpose vessels, tankers, dry bulk carriers, fishing vessels, service vessels, off-shore vessels, yachts and others. Likewise, the report includes the analysis of segments across all geographies with qualitative analysis for major market indicators accompanying the growth of the global market during the forecast period. Some of the key players profiled in the report are VK Holding A/S, Emerson Electric Co., Burkert Fluid Control Systems, Flowserve Corporation, Honeywell International Inc., KITZ Corporation, Schlumberger Limited, Rotork Plc, Tyco International Ltd. and Watts Water Technologies Inc.
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