Global Electro Hydraulic Servo Valve Market Size, Trends and Growth Opportunity, By Stage Type (Single Stage Servo Valve, Two Stage Servo Valve, and Three Stage Servo Valve), By Valve Type (Nozzle Flapper Valve, Jet Pipe Servo Valve, Deflector Jet, and Others), By LPM Type (Less Than 20 LPM and More Than 20 LPM), By Application (Aerospace, Power Industry, Steel Industry, Chemical Industry, Oil & Gas, Marine Industry, Construction Industry, Healthcare and Others), By Region and forecast till 2030.
Report ID : IR1002014 | Industries : Energy & Power | Published On :June 2024 | Page Count : 235
Global Electro Hydraulic Servo Valve Market Size, Trends and Growth Opportunity, By Stage Type (Single Stage Servo Valve, Two Stage Servo Valve, and Three Stage Servo Valve), By Valve Type (Nozzle Flapper Valve, Jet Pipe Servo Valve, Deflector Jet, and Others), By LPM Type (Less Than 20 LPM and More Than 20 LPM), By Application (Aerospace, Power Industry, Steel Industry, Chemical Industry, Oil & Gas, Marine Industry, Construction Industry, Healthcare and Others), By Region and forecast till 2030.
Global Electro Hydraulic Servo Valve Market
Global Electro Hydraulic Servo Valve Market was valued at USD 1,669.82 million in 2022 and is slated to reach USD 2661.64 million by 2030 at a CAGR of 5.2% from 2023-2030.
An electrically controlled valve that regulates the fluid flow to the actuator is called an electro-hydraulic servo valve. The system is closed-looped, which allows for perfect control of the output in this device. In many fields, such as astronomy, navigation, aviation, and military gear, electro-hydraulic servo valves are employed. This is a result of their benefits, which include rapid response times, a high degree of control precision, compact volumes, lightweight, and great load variation immunity. The performance and dependability of the complete servo control system are directly and significantly impacted by the electro-hydraulic servo valve, one of the most failure-prone parts.
Market Drivers
When given an electric or electronic control signal, servo valves respond in a closed-loop manner to the flow or pressure. The volume, force, and direction of fluid flow are all managed by these valves. A higher level of closed-loop control is offered by servo valves than by proportional valves. In addition, one, two, or three-stage designs are offered for the servo valves. The hydraulic or pneumatic amplifier of a servo valve, which may also comprise a flapper-nozzle, jet pipe, force motor, or solenoid, is the first stage of the device. A cylindrical curtain orifice area is used in flapper nozzles to increase flow. The servo valves on the flapper nozzle will therefore aid in boosting the fluid's flow's pressure and force. Utilization will rise thanks to this feature's dynamic reaction capabilities. The oil, gas, and mining industries discovered that maintaining the flow of oil and gas through pipelines is a massive undertaking and necessitates several trustworthy tools and methods. Servo valves are the most crucial piece of gear; they are precisely built and frequently used in systems that need to be more efficient. Servo valves are thus employed in a variety of settings, including hydroelectric power plants, gas and oil mines, the regulation of fuel flow in aircraft engines, and the blow moulding or production of hollow plastic.
Market Restraints
Servo valves are becoming more and more essential and functional as applications grow. Pressurized hydraulic fluid, usually from a hydraulic pump, is sent to a servo valve from a source. The fluid is then carefully transferred from there to a hydraulic cylinder. The valve is a crucial part of the system since it often moves the spool in response to an electrical signal, indirectly controlling the flow rate. Global demand has been fuelled by the growing use of electro-hydraulic servo valves in the mining, oil, and aviation industries. The global electro-hydraulic servo valve market is expected to increase, but it is expected to be constrained by the high cost of electro-hydraulic valves. The filtrations must be installed, placed, and frequently maintained. There is a critical contamination tolerance limit for all hydraulic and lubricant system types. The filter establishes the level of contamination in servo valves. Filtering is required for the fluid passing through the valve. If not, it will impede the movement of the valve's other moving parts and marketability.
Impact of COVID-19
The lockdown laws and guidelines under COVID-19 harmed the market for electro-hydraulic servo valves in production facilities. The COVID-19 epidemic has had a negative effect to some extent on the electro-hydraulic servo valve business. However, after the pandemic, the market was able to expand because of the growing use of electro-hydraulic servo valves in the aviation industry. A large expansion of the sector is projected because of the market's quick growth since it opened after COVID-19.
Recent Development
The new X700 Series servo cartridge valves from Moog Inc. were released in September 2022. They feature a durable design that allows for a maximum main-stage operating pressure of 420 bar. With this, the business will increase the scope of its goods and services in the high-end market.
The purchase of ARGO-HYTOS Group by Voith GmbH & Co. KGaA was announced in August 2022. This acquisition will speed up the company's expansion in the hydraulics industry by assisting in the development and production of hydraulics components and system solutions with an emphasis on the off-highway market.
Market Segmentation
Global Electro Hydraulic Servo Valve Market is segmented into Stage Types, Valve Types, LPM Types, and Applications. By Stage Types such as Single Stage Servo Valve, Two Stage Servo Valve, Three Stage Servo Valve. By Valve Types such as Nozzle Flapper Valve, Jet Pipe Servo Valve, Deflector Jet, and Others. By LPM Types such as Less Than 20 LPM, and More Than 20 LPM. By Applications such as Aerospace, Power Industry, Steel Industry, Chemical Industry, Oil & Gas, Marine Industry, Construction Industry, Healthcare, and Others.
Regional Analysis
Global Electro Hydraulic Servo Valve Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. In light of the increasing usage of electro-hydraulic drive control systems in the aerospace and marine industries, North America dominates the electro-hydraulic servo valve market. In the market for electro-hydraulic servo valves, the United States is a market leader since it is home to several significant market participants. Due to growing activity in hydraulic control system R&D and technological advancements, Germany currently dominates the European continent. Because of the growing adoption of automation in manufacturing and industrial robotics, China leads the Asia-Pacific area.
Key Players
This report includes a list of numerous Key Players, namely YUKEN KOGYO CO., LTD, MTS Systems, Moog Inc., Atos Spa, PARKER HANNIFIN CORP, Aviation industry AVIC Nanjing Servo Control System Co., Ltd., Continental Hydraulics Inc., JASC, Bosch Rexroth AG, Woodward, Inc.,
Market Taxonomy
By Stage Type
• Single Stage Servo Valve
• Two-Stage Servo Valve
• Three-Stage Servo Valve
By Valve Type
• Nozzle Flapper Valve
• Jet Pipe Servo Valve
• Deflector Jet
• Others
By LPM Type
• Less Than 20 LPM
• More Than 20 LPM
• By Application
• Aerospace
• Power Industry
• Steel Industry
• Chemical Industry
• Oil & Gas
• Marine Industry
• Construction Industry
• Healthcare
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.
Global Electro Hydraulic Servo Valve Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Electro Hydraulic Servo Valve Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crises
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Electro Hydraulic Servo Valve Market, By Stage Type
5.1 Y-o-Y Growth Comparison, By Stage Type
5.2 Global Electro Hydraulic Servo Valve Market Share Analysis, By Stage Type
5.3 Global Electro Hydraulic Servo Valve Market Size and Forecast, By Stage Type
5.3.1 Single Stage Servo Valve
5.3.2 Two Stage Servo Valve
5.3.3 Three Stage Servo Valve
6 Global Electro Hydraulic Servo Valve Market, By Valve Type
6.1 Y-o-Y Growth Comparison, By Valve Type
6.2 Global Electro Hydraulic Servo Valve Market Share Analysis, By Valve Type
6.3 Global Electro Hydraulic Servo Valve Market Size and Forecast, By Valve Type
6.3.1 Nozzle Flapper Valve
6.3.2 Jet Pipe Servo Valve
6.3.3 Deflector Jet
6.3.4 Others
7 Global Electro Hydraulic Servo Valve Market, By LPM Type
7.1 Y-o-Y Growth Comparison, By LPM Type
7.2 Global Electro Hydraulic Servo Valve Market Share Analysis, By LPM Type
7.3 Global Electro Hydraulic Servo Valve Market Size and Forecast, By LPM Type
7.3.1 Less Than 20 LPM
7.3.2 More Than 20 LPM
8 Global Electro Hydraulic Servo Valve Market, By Application
8.1 Y-o-Y Growth Comparison, By Application
8.2 Global Electro Hydraulic Servo Valve Market Share Analysis, By Application
8.3 Global Electro Hydraulic Servo Valve Market Size and Forecast, By Application
8.3.1 Aerospace
8.3.2 Power Industry
8.3.3 Steel Industry
8.3.4 Chemical Industry
8.3.5 Oil & Gas
8.3.6 Marine Industry
8.3.7 Construction Industry
8.3.8 Healthcare
8.3.9 Others
9 Global Electro Hydraulic Servo Valve Market, By Region
9.1 Global Electro Hydraulic Servo Valve Market Share Analysis, By Region
9.2 Global Electro Hydraulic Servo Valve Market Share Analysis, By Region
9.3 Global Electro Hydraulic Servo Valve Market Size and Forecast, By Region
10 North America Electro Hydraulic Servo Valve Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 North America Electro Hydraulic Servo Valve Market Share Analysis, By Stage Type
10.3 North America Electro Hydraulic Servo Valve Market Size and Forecast, By Valve Type
10.4 North America Electro Hydraulic Servo Valve Market Size and Forecast, By LPM Type
10.5 North America Electro Hydraulic Servo Valve Market Size and Forecast, By Application
10.6 North America Electro Hydraulic Servo Valve Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe Electro Hydraulic Servo Valve Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Europe Electro Hydraulic Servo Valve Market Share Analysis, By Stage Type
11.3 Europe Electro Hydraulic Servo Valve Market Size and Forecast, By Valve Type
11.4 Europe Electro Hydraulic Servo Valve Market Size and Forecast, By LPM Type
11.5 Europe Electro Hydraulic Servo Valve Market Size and Forecast, By Application
11.5 Europe Electro Hydraulic Servo Valve Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4 Rest of Europe
12 Asia Pacific Electro Hydraulic Servo Valve Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Asia Pacific Electro Hydraulic Servo Valve Market Share Analysis, By Stage Type
12.3 Asia Pacific Electro Hydraulic Servo Valve Market Size and Forecast, By Valve Type
12.4 Asia Pacific Electro Hydraulic Servo Valve Market Size and Forecast, By LPM Type
12.5 Asia Pacific Electro Hydraulic Servo Valve Market Size and Forecast, By Application
12.6 Asia Pacific Electro Hydraulic Servo Valve Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4 Rest of Asia Pacific
13 Latin America Electro Hydraulic Servo Valve Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Latin America Electro Hydraulic Servo Valve Market Share Analysis, By Stage Type
13.3 Latin America Electro Hydraulic Servo Valve Market Size and Forecast, By Valve Type
13.4 Latin America Electro Hydraulic Servo Valve Market Size and Forecast, By LPM Type
13.5 Latin America Electro Hydraulic Servo Valve Market Size and Forecast, By Application
13.6 Latin America Electro Hydraulic Servo Valve Market Size and Forecast, Country
13.6.1 Brazil
13.6.2 Rest of Latin America
14 Middle East Electro Hydraulic Servo Valve Market Analysis and Forecast (2023-2030)
14.1 Introduction
14.2 Middle East Electro Hydraulic Servo Valve Market Share Analysis, By Stage Type
14.3 Middle East Electro Hydraulic Servo Valve Market Size and Forecast, By Valve Type
14.4 Middle East Electro Hydraulic Servo Valve Market Size and Forecast, By LPM Type
14.5 Middle East Electro Hydraulic Servo Valve Market Size and Forecast, By Application
14.6 Middle East Electro Hydraulic Servo Valve Market Size and Forecast, By Country
14.6.1 Saudi Arabia
14.6.2 UAE
14.6.3 Egypt
14.6.4 Kuwait
14.6.5 South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Yuken Kogyo Co., Ltd
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Mts Systems
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 Moog Inc
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Atos spa
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Parker Hannifin Corp
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Aviation industry AVIC Nanjing Servo Control System Co., Ltd
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Continental Hydraulics Inc.
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 JASC
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Bosch Rexroth AG
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 Woodward, Inc.
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies