Marine Actuators Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The marine actuators market was worth USD 5.6 billion in 2017 and is growing at a Compound Annual Growth Rate (CAGR) of 4% during the forecast period from 2021-2028. The growth can be attributed to increasing demand for passenger ships and ferries, fishing vessels, yachts, and others as well as increasing use of hybrid actuators due to technological advancement in the industry.

Marine actuators are used in the marine industry for different applications including steering, propulsion, loading, and unloading. They enhance the performance of ships or yachts by converting an electrical or hydraulic command into mechanical energy that is transmitted to propeller shafts. The hydrodynamic forces drive a ship’s rudders which controls its direction and speed.

Marine Actuators Market is thoroughly, accurate and comprehensively assessed in a report focusing on market dynamics, market competition, regional growth, segment analysis, and key growth strategies. Report buyers will have access to proven market figures including global market size in terms of revenue and volume.

Some of the companies that are profiled in this report are:

• Burkert Fluid Control Systems
• Emerson Electric Co
• Honeywell International Inc
• KITZ Corporation
• Rotork Plc
• Schlumberger Limited

By Type:

• Pneumatic Actuators
• Hydraulic Actuators
• Electric Actuators
• Mechanical Actuators
• Hybrid Actuators

By Application:

• Passenger Ships And Ferries
• Fishing Vessels
• Yachts
• Others

Scope of the Report

The research study analyzes the global Marine Actuators industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Marine Actuators Market Report

1. What was the Marine Actuators Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Marine Actuators Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Marine Actuators Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.