Global Marine Actuators and Valves Market is Projected to Reach $ 3190 Million by 2023

Date: 2020-04-22

Actuators and valves has significant importance in marine sector. A variety of valves are used in piping and machinery system of a ship as per the requirement of the flow pattern of the liquid. All valves used in ships, ferries and yacht have the basic functionality of regulating the flow of liquid in pipe. Actuators and Valves are the base classification of global Marine Actuators and Valves market. 

Passenger Ships and Ferries, Dry Cargo Vessels, Tankers, Dry Bulk Carriers, Special Purpose Vessels are the main application of Marine Actuators and Valves product and Europe is the largest Marine Actuators and Valves market on production and consumption.

In the context of China-US trade war and COVID-19 epidemic, it will have a big influence on this market. Global Marine Actuators and Valves market is projected to reach $ 3190 million by 2023, with a GAGR of 3% from 2019, and Asia will have a big dynamic momentum on the market growth. The major players in the global Marine Actuators and Valves market are KITZ, KSB, Emerson, Flowserve, Honeywell, Lenco Marine, Bray, Schlumberger, AUMA, Rotork Plc, Bürkert Fluid Control Systems, AVK Holding A/S etc.

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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 510-400-8520


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