DUBLIN--(BUSINESS WIRE)--The "Marine Actuators and Valves - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Marine Actuators and Valves estimated at US$3 Billion in the year 2020, is projected to reach a revised size of US$4.2 Billion by 2027, growing at a CAGR of 4.8% over the period 2020-2027.
Actuators, one of the segments analyzed in the report, is projected to record 5.4% CAGR and reach US$1.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Valves segment is readjusted to a revised 4.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $825.9 Million, While China is Forecast to Grow at 7.5% CAGR
The Marine Actuators and Valves market in the U.S. is estimated at US$825.9 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$864 Million by the year 2027 trailing a CAGR of 7.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.
The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- AVK Holding A/S
- Christian Burkert GmbH & Co. KG
- Emerson Electric Company
- Flowserve Corporation
- Honeywell International, Inc.
- Johnson Controls International PLC
- KITZ Corporation
- Rotork PLC
- Schlumberger Ltd.
- Watts Water Technologies, Inc.
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- Marine Actuators and Valves Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
- Total Companies Profiled: 41
For more information about this report visit https://www.researchandmarkets.com/r/zvfr4