Marine Actuators and Valves Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Actuators, and Valves), By Vessel Type (Passenger Ships & Ferries, Dry Cargo Vessels, Tankers, Dry Bulk Carriers, Special Purpose Vessels, Service Vessels, Fishing Vessels, Off-Shore Vessels, Yachts and Others), By Material (Aluminum, Stainless Steel, Alloy Based, Others), By Application (Ballast and Blige systems, Fuel and Propulsion, Liquid Cargo Systems, Refrigeration Systems, Heating, Ventilation, and Air Conditioning (HVAC) systems, Fire Fighting Systems, Portable Water Systems, Others), By Region and Competition 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 4.53 Billion
CAGR (2026-2031)	6.12%
Fastest Growing Segment	Passenger Ships & Ferries
Largest Market	North America
Market Size (2031)	USD 6.47 Billion

Market Overview

The Global Marine Actuators and Valves Market is projected to grow from USD 4.53 Billion in 2025 to USD 6.47 Billion by 2031 at a 6.12% CAGR. Marine actuators and valves are critical mechanical components designed to regulate the pressure, flow, and direction of fluids within shipboard systems such as ballast, propulsion, and cargo handling. The primary drivers fueling market growth include the steady expansion of international seaborne trade and the enforcement of stringent environmental regulations, which necessitate the construction of eco-friendly vessels and the retrofitting of existing fleets to reduce emissions.

A significant challenge impeding market expansion is the heightened geopolitical instability that disrupts global supply chains and creates volatility in raw material costs. This uncertainty can delay shipbuilding projects and complicate procurement strategies for essential marine engineering components. According to BIMCO, in 2025, the global container shipping fleet supply was projected to increase by 6.2%, indicating a sustained demand for equipment despite these operational hurdles.

Key Market Drivers

The robust growth in global shipbuilding and vessel retrofitting projects serves as a primary engine for market expansion. As shipyards accelerate production to meet fleet renewal cycles, the requirement for integrated fluid management systems in propulsion, ballast, and cargo operations intensifies. The construction of larger tonnage vessels necessitates higher quantities of automated valves to ensure operational safety and efficiency. According to the China Association of the National Shipbuilding Industry, January 2025, in the '2024 Shipbuilding Industry Statistics', the national shipbuilding output reached 48.18 million deadweight tons, representing a 13.8% increase year-on-year. This elevation in completed vessel tonnage directly translates to volume orders for marine-grade actuation systems, as new hulls require extensive piping networks and flow control hardware to function reliably under maritime conditions.

Concurrently, the surge in demand for Liquefied Natural Gas (LNG) carrier vessels compels the adoption of specialized cryogenic valves and high-precision actuators. The transition toward low-carbon shipping requires hardware capable of handling extreme temperatures and volatile fluids, distinct from traditional heavy fuel oil systems. According to DNV, January 2025, in the 'Alternative Fuels Insight', the number of LNG vessel orders placed in 2024 reached 264 units, more than doubling the figure from the previous year. This technological shift creates a premium market segment for sophisticated control components. Furthermore, this equipment demand is supported by broader logistics trends; according to the United Nations Conference on Trade and Development, in 2024, global maritime trade volume was projected to grow by 2%, ensuring sustained utilization of these advanced marine assets across expanding commercial routes.

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Key Market Challenges

The heightened geopolitical instability described in the market overview serves as a formidable barrier to the expansion of the Global Marine Actuators and Valves Market by severely fracturing established supply chains. This volatility creates unpredictable procurement cycles for essential raw materials, such as high-grade steel and alloys, which are fundamental to manufacturing durable marine components. When supply lines are compromised, manufacturers face extended lead times and fluctuating production costs, making it difficult to fulfill strict shipbuilding contracts on schedule. Consequently, shipyards often delay the installation of mechanical subsystems, directly stalling revenue recognition for actuator and valve suppliers.

The magnitude of this disruption is evident in the severe alteration of critical trade routes. According to the United Nations Conference on Trade and Development (UNCTAD), in 2025, ship tonnage transit volumes through the Suez Canal remained approximately 70% below 2023 levels due to sustained regional security crises. This drastic reduction in transit efficiency forces vessels to take longer, costlier routes, diverting capital toward fuel and logistics rather than retrofitting or new equipment procurement. This operational strain creates a hesitant investment environment, directly hampering the volume of new orders for marine regulation systems.

Key Market Trends

The accelerated transition from hydraulic to electric actuators represents a fundamental shift in marine engineering, driven by the need to eliminate environmental risks associated with hydraulic fluid leaks and to enhance precise control in automated shipboard systems. Shipowners are increasingly retrofitting vessels with electromechanical solutions that offer lower maintenance requirements and seamless integration with modern power management grids, moving away from centralized hydraulic power units. This operational pivot toward cleaner technology is evidenced by the financial performance of key component manufacturers. According to Rotork plc, March 2025, in the '2024 Full Year Results', the company's Oil & Gas division, which actively supports the sector's electrification initiative, reported an 8.3% year-on-year revenue increase, signaling a robust market preference for electric actuation technologies in offshore and marine environments.

Concurrently, the integration of IIoT and smart diagnostics in valve systems is transforming maintenance from reactive repairs to predictive asset health management. By embedding sensors directly into flow control hardware, operators can monitor critical parameters such as vibration and temperature in real-time, thereby optimizing vessel uptime and operational efficiency through data-driven insights. This trend toward digitalization is substantiated by the surging demand for integrated technology solutions. According to Kongsberg, May 2025, in the 'Financial Results Q1 2025', the Maritime division achieved a 25% increase in revenue compared to the previous year, a growth trajectory explicitly attributed to the successful integration of digital portfolios and the rising demand for smart, energy-efficient vessel operations.

Segmental Insights

The Passenger Ships and Ferries segment is emerging as the fastest-growing category in the Global Marine Actuators and Valves Market, fueled by a resurgence in global cruise tourism and rising demand for recreational voyages. This growth is significantly bolstered by strict environmental regulations from the International Maritime Organization, which necessitate the installation of advanced flow control systems for ballast water management and exhaust gas cleaning. Consequently, vessel operators are actively modernizing fleets to ensure compliance and operational efficiency, directly stimulating the demand for specialized marine valves and actuators.

Regional Insights

North America holds the leading position in the global marine actuators and valves market due to significant investments in naval defense and offshore energy exploration. The United States Navy drives demand through continuous fleet modernization programs that require reliable flow control components. Furthermore, stringent environmental mandates enforced by the United States Environmental Protection Agency and the Coast Guard regarding ballast water management compel vessel operators to install compliant systems. These regulatory requirements combined with a strong focus on maritime automation ensure steady regional market expansion.

Recent Developments

• In May 2025, Rotork announced that it had supplied over 200 actuators to ONE-Dyas for the N05-A upstream gas processing platform located in the Dutch North Sea. The delivery included intelligent electro-hydraulic actuators and part-turn electric actuators designed to support the platform's fully electrified and automated operations. This project represented a key development in sustainable offshore energy, as the platform was designed to run on wind energy from a nearby farm. The actuators were selected for their ability to provide precise control and reliability in a normally unmanned marine environment.
• In December 2024, Wärtsilä secured a significant contract to supply cargo handling and fuel gas supply systems for a new 12,500 cubic meter LNG bunkering vessel ordered by Vitol. The scope of the agreement included the design and delivery of a complete system comprising boil-off gas management, integrated fuel supply, and custody transfer systems. These advanced solutions, which rely heavily on specialized marine valves and actuators for precise fluid control, were selected to optimize cargo handling efficiency. The vessel was scheduled to be built at a shipyard in China, reinforcing Wärtsilä's position in the small-scale LNG market.
• In October 2024, Flowserve Corporation completed the acquisition of MOGAS Industries, a privately held provider of mission-critical severe service valves, for a purchase price of approximately $305 million. This strategic transaction significantly expanded Flowserve’s portfolio of severe service isolation valves and aftermarket services, which are essential for mining, power, and offshore marine applications such as FPSO vessels and floating LNG platforms. By integrating the acquired entity into its Flow Control Division, Flowserve aimed to accelerate growth under its corporate strategy and leverage its global scale to capture greater market share in the severe service flow control sector.
• In January 2024, Emerson launched the Fisher easy-Drive 200R electric actuator, a new product designed for use with butterfly and ball valves in heavy industries such as oil and gas. This actuator was engineered to perform reliably in extreme conditions, including the cold and remote locations often associated with marine and offshore operations. The technology provides a sustainable alternative to gas-operated actuators by eliminating control-related atmospheric emissions, which is a key requirement for modern maritime environmental standards. Its design focuses on easy installation and low energy consumption, enhancing uptime and performance for critical flow control applications.

Key Market Players

• Fluid Control Systems
• VK Holding A/S
• Emerson Electric Co.
• Flowserve Corporation
• Honeywell International Inc.
• KITZ Corporation
• Rotork Plc
• Schlumberger Limited
• AVK Holding A/S

By Type	By Vessel Type	By Material	By Application	By Region
Actuators Valves	Passenger Ships & Ferries Dry Cargo Vessels Tankers Dry Bulk Carriers Special Purpose Vessels Service Vessels Fishing Vessels Off-Shore Vessels Yachts Others	Aluminum Stainless Steel Alloy Based Others	Ballast and Blige systems Fuel and Propulsion Liquid Cargo Systems Refrigeration Systems Heating Ventilation Air Conditioning (HVAC) systems Fire Fighting Systems Portable Water Systems Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Marine Actuators and Valves Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Marine Actuators and Valves Market, By Type:

• Actuators
• Valves

• Marine Actuators and Valves Market, By Vessel Type:

• Passenger Ships & Ferries
• Dry Cargo Vessels
• Tankers
• Dry Bulk Carriers
• Special Purpose Vessels
• Service Vessels
• Fishing Vessels
• Off-Shore Vessels
• Yachts
• Others

• Marine Actuators and Valves Market, By Material:

• Aluminum
• Stainless Steel
• Alloy Based
• Others

• Marine Actuators and Valves Market, By Application:

• Ballast and Blige systems
• Fuel and Propulsion
• Liquid Cargo Systems
• Refrigeration Systems
• Heating
• Ventilation
• Air Conditioning (HVAC) systems
• Fire Fighting Systems
• Portable Water Systems
• Others

• Marine Actuators and Valves Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE