Marine Actuators and Valves Market is Expected to Grow Owing to Expanding Marine Industry

The Global Marine Actuators and Valves Market is estimated to be valued at US$ 3,380 Mn in 2021 and is expected to exhibit a CAGR of 6.2% over the forecast period 2022 to 2030.

Marine actuators and valves are mechanical devices that are used to operate or regulate the flow of fluids onboard marine vessels. The major types of marine actuators include linear actuators and rotary actuators, while marine valves include butterfly valves, gate valves, globe valves, check valves, and ball valves amongst others. These actuators and valves find widespread applications in various systems.

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