Electro Hydraulic Servo Valve Market

Global Electro Hydraulic Servo Valve Market Size (2024 to 2029)

The size of the global Electro Hydraulic Servo Valve market is expected to be worth USD 1.58 Billion in 2024 and USD 1.80 Billion by 2029, growing at a CAGR of 2.6% from 2024 to 2029.

Due to the obvious rising acceptance of electro-hydraulic servo valves in the industrial sector, the worldwide electro-hydraulic servo valve market is predicted to develop significantly during the forecast period (2022–2027). Electro hydraulic servo valves are commonly used in industrial and aerospace applications because they are essential components of closed-loop electrohydraulic motion control systems. Electro hydraulic servo valves (EHSV) are employed in many industries, including astronavigation, aviation, navigation, and defense, due to their advantages such as high control accuracy, rapid reaction time, low weight, and small size.

An electro hydraulic servo valve is an electrically driven valve that regulates the flow of hydraulic fluid to an actuator. A changing analog or digital input signal is converted into a smooth set of movements in a hydraulic cylinder using servo valves. Servo Valves are closed-loop control devices that come in single, two, or three-stage configurations. When precise position control is required, such as control of a primary flight control surface, an electro hydraulic servo valve is used.

Global Electro Hydraulic Servo Valve Market Drivers:

Growth in the mining, oil, and gas industries will create new possibilities for the electro-hydraulic servo valve market during the projected period. According to CMI's study, China (including the Chinese government and private enterprises) invested roughly US $79.5 billion in Middle East oil and gas projects in 2018 to promote its Belt and Road Initiative. Long-term supply agreements with oil and mining firms will also create development prospects for market participants. This will drive the Electro Hydraulic Servo Valve Market.

Furthermore, prominent market participants are capitalizing on possibilities in existing natural gas exploration and transportation pipeline projects, as well as planned mining projects in fast-developing economies like China, India, Brazil, and South Africa. These are the major drivers for the growth of electro Hydraulic servo valve market.

Global Electro Hydraulic Servo Valve Market Restraints:

The high cost of electro hydraulic servo valves is the primary factor constraining growth in the global electro hydraulic servo valve market. Furthermore, electro hydraulic servo valves require a pilot-filter, which is provided by the manufacturer and might get contaminated, necessitating costly maintenance. One of the key reasons limiting the growth of the electro hydraulic servo valves market is this, Proportional valves are a less expensive alternative to nozzle-flapper electro-hydraulic servo valves. As a result, the availability of low-cost alternatives to electro hydraulic servo valves is projected to limit market growth over the projection period.

REPORT COVERAGE:

This research report on the global electro-hydraulic servo valve market has been segmented and sub-segmented based on the type of valve, stage, application, and region.

Global Electro Hydraulic Servo Valve Market - By Type of Valve:

• Nozzle Flapper Valve
• Jet Pipe Servo Valve
• Direct Drive Servo Valve

Global Electro Hydraulic Servo Valve Market - By Stage:

• Single-stage Servo Valve
• Two-stage Servo Valve
• Multi-stage Servo Valve

Global Electro Hydraulic Servo Valve Market - By Application:

• Aerospace
• Steel Industry
• Power Industry
• Chemical Industry
• Others.

Among applications, the aerospace sector is likely to dominate the worldwide electro-hydraulic servo valve market throughout the forecast period. According to a CMI study, the electro-hydraulic servo valve market has the most promising sales potential in the aerospace industry because of the different uses of electro-hydraulic servo valves in aviation, such as precise control of location, velocity, pressure, and force in an aircraft.

The most common types of servo valves in the Air Force and aviation sector are jet pipe electro-hydraulic servo valves and nozzle flapper electro-hydraulic servo valves. Aerospace applications that utilise nozzle flapper electro-hydraulic servo valves include turbine engine controls, military flight controls, hydraulic utilities, and brake applications. Parker Hannifin Corp, for example, provides Jet pipe electro-hydraulic servo valves for flight control systems in commercial passenger flights and military fighter aircraft.

Global Electro Hydraulic Servo Valve Market - Region:

• North America
• Europe
• Asia Pacific
• Latin America 
• Middle East and Africa

North America is likely to have rapid expansion in the global electro-hydraulic servo valve market. This is due to the increased usage of modern technologies and the expanding acceptance of electro-hydraulic servo valves in a variety of sectors.

Key Market Players:

Major Key Players in the Global Electro Hydraulic Servo Valve Market are Moog, Emgelexis group, Honeywell, Bosch Rexroth, Voith, Parker Hannifin, Aviation industry Nanjing Servocontrol Limited company, Woodward, Inc., Eaton Corporation, Schneider Kreuznach, Star Hydraulics Limited, Oilgear, YUKEN KOGYO CO., LTD, Duplomatic Motion Solutions, and others.

RECENT HAPPENINGS IN THE MARKET:

• Bosch Rexroth launched a new Pre-Compensated Valve Platform for mobile machines in April 2021. With this platform, the company created a way to combine multiple valves while requiring minimum adapter plates or bespoke fittings.
• Electro Hydraulic Servo Valve Market Segmentation is included in the research report until 2027.