Marine Actuators and Valves Market driven by growing marine vessel...

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2024-03-15 09:54:08 -

Marine Actuators and Valves Market driven by growing marine vessel fleet

Growing fleet of merchant and naval ships as well as offshore oil rigs globally is a key factor driving demand for Marine Actuators And Valves Market Size. The total number of commercial ships in operation grew at a CAGR of over 3% between 2010-2020 to over 52,000 vessels as of 2020. Similarly, the number of offshore oil rigs worldwide grew to over 600 units in 2019 from around 450 in 2010...

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