Naval Actuators and Valves Market
According to Fortune Business Insights™, the global naval actuators and valves market size was valued at USD 2.69 billion in 2022. The market is projected to decline slightly to USD 2.55 billion in 2023, before expanding and reaching USD 3.80 billion by 2030, registering a CAGR of 5.84% during the forecast period. This growth is primarily driven by the rising sea trading activity, increasing demand for advanced naval fleets, and continued modernization efforts by global armed forces.
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