The global naval actuators and valves market size was valued at USD 2.69 billion in 2022. The market is projected to grow from USD 2.55 billion in 2023 to USD 3.80 billion by 2030, exhibiting a CAGR of 5.84% during the forecast period. Rising sea trading activity is the key factor attributing to market expansion. Naval valves are used on ships to control fluid flow. The rising demand of naval fleet by armed forces and growing adoption of advanced naval vessels worldwide are also contributing to market proliferation. This information is provided by Fortune Business Insights, in its report titled, “Naval Actuators and Valves Market Size, Share and Forecast 2023-2030.”

List of Key Players Mentioned in the Report:

• MOOG Inc. (U.S.)
• Honeywell International Inc. (U.S.)
• Rotork plc (U.K.)
• Emerson Electric Co. (U.S.)
• Curtiss Wright Corporation (U.S.)
• Wartsila (Finland)
• Rockwell Automation, Inc. (U.S.)
• Woodward, Inc (U.S.)
• Flowserve Corporation (U.S.)
• Schlumberger Ltd (U.S.)

Imfprmation Source:

https://www.fortunebusinessinsights.com/naval-actuator-market-105554

Segments:

Others Segment to Expand Backed by Surging Demand and Procurement of Naval Ships

Based on platform, the market is split into aircraft carriers, destroyers, frigates, corvettes, offshore patrol vehicles, and others. The others segment captured the largest market share in 2022. The others segment includes large surface combatant, amphibious warships, small surface combatant, support vessel, and combat logistics force. The surging demand and procurement of these naval ships is attributing to segment growth.

Linear Actuators to Dominate due to their Easy-to-Use Nature and Reliability