Global Marine Actuators and Valves Market from Key End-use Sectors to Surge in the Near Future


 

Marine valves are used to regulate, guide, direct and control the flow of various types of liquids, steam, gases and any moving agent, such as mill and grain. Depending on the custom programme, various types of valves are used. Some of the widely used valves are door, globe, angle, butterfly, ball plug valves, etc. These valves are made of bronze, iron, steel or PVC with high pressure and temperature capabilities. In addition, actuators are connected to pressure and flow monitoring valves where two values are needed to be balanced. Various types of actuators are available, like pneumatic, hydraulic, electrical, mechanical, hybrid, manual actuator, etc. 

The global demand for marine actuators and valves market is projected to be worth US$3.13 billion in 2019 and is anticipated to rise by 5.9% in the CAGR during the forecast period 2019-27.

Market Dynamics- Restraint

The low energy efficiency of pneumatic actuators is anticipated to impede the growth of the global marine actuators and valves market in the forecast period. 

Pneumatic actuator systems also waste energy by delivering higher pressure than the actuator requires. In addition, the lack of fluid in pneumatic actuators contributes to a loss of efficiency. The cost of electricity for pneumatic actuators is USD 0.10 kilowatt-hour. In addition, pressure losses and compressibility make pneumatic actuators less effective than other linear motion methods. As a result, pneumatic actuators consume a considerable amount of energy, making consumers hesitant to implement these types of actuators. These factors are therefore expected to impede the growth of the global marine actuator and valve market over the forecast years.

For More information, Click Here: https://www.globenewswire.com/news-release/2020/04/22/2020059/0/en/Global-Marine-Actuators-and-Valves-Market-is-poised-to-reach-US-4-96-Bn-by-2027-Says-CMI.html


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