The marine valves and actuators market is anticipated to reach a valuation of US$ 5.8 Bn by 2032 from US$ 3.7 Bn in 2022, rising at a CAGR of 4.5% during the forecast period.
Rapid globalization, rising demand for marine valves and actuators in the marine sector, and a significant increase in foreign trade have all aided the global expansion of the marine valves and actuators market share.
Furthermore, due to increased global trade, the sales of marine valves and actuators are increasing. As a result, the demand for marine valves and actuators is also growing rapidly.
The demand for marine valves and actuators is anticipated to grow as the marine sector is increasingly using advanced valves and actuators due to recent technological advancements, creating a great market opportunity.
Download Sample Copy of This Report –
https://www.factmr.com/connectus/sample?flag=S&rep_id=7294
Key Takeaways
Competitive Landscape
Emerson Electric Co, Flowserve Corporation, Honeywell International Inc., KITZ Corporation, and Rotork Plc are the key players in the marine valves and actuators market.
To further increase their presence in the marine valves and actuators market, these companies have used a variety of growth methods including acquisitions, expansions, new product releases, and partnerships and collaborations.
Major Key Players
Share Your Requirements & Get Customized Reports :
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7294
Recent Developments
Schlumberger Limited, a U.S.-based provider of international oilfield services, was acquired by Shearwater GeoServices Holding AS in August 2018.
Emerson Electric Co paid US$ 3.15 billion for Pentair plc’s Valves and Control unit in April 2017.
Honeywell announced two technology-oriented acquisitions in 2018, totaling more than USD 500 million, with Transnorm (Germany) and Ortloff Engineers, Ltd. (US). Transnorm was purchased in order to improve warehouse automation platforms and get a foothold in the European industry.
Questionnaire answered in the Marine valves and actuators Market report include:
Purchase This Report Via Secured Paypal Payment Gateway
https://www.factmr.com/checkout/7294
Key Segments
Check out more related studies published by Fact.MR Research:
Railcar Spill Containment Market: https://www.prnewswire.com/news-releases/demand-for-railcar-spill-containment-in-petrochemical-industry-to-grow-at-5-6-cagr-through-2031-fact-mr-study-301345096.html
Vacuum Pumps Market: https://www.prnewswire.com/news-releases/new-vacuum-pump-installation-to-increase-by-1-7x-between-2021-and-2031–301352252.html
Iron Ore Pellets Market : https://www.prnewswire.com/news-releases/iron-ore-pellets-demand-to-surpass-399-mn-tons-in-2021-as-application-in-steel-production-surges-301405815.html
Air Purifier Market: https://www.prnewswire.com/news-releases/over-70-of-air-purifier-sales-to-concentrate-within-commercial-sector-factmr-301307955.html
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
Email: sales@factmr.com