Electro Hydraulic Servo Valve Market

Global Electro Hydraulic Servo Valve Market Size, Share & Trends Analysis Report By Application (Aerospace, Industrial, Construction, Oil & Gas, Defense, and Others), By Valve Type, By Stage Type, By Regional Outlook and Forecast, 2024 - 2031

Report Id: KBV-23446 Publication Date: July-2024 Number of Pages: 257
2023
USD 1.5 Billion
2031
USD 2 Billion
CAGR
3.4%
Historical Data
2020 to 2022

Market Report Description

The Global Electro Hydraulic Servo Valve Market size is expected to reach $2 billion by 2031, rising at a market growth of 3.4% CAGR during the forecast period.

Aerospace applications require precise control over hydraulic systems to ensure accurate movement and positioning of flight control surfaces, landing gear, and other critical components. Thus, the aerospace segment acquired 25.5% revenue share in the market 2023.  EHSVs provide the necessary precision and responsiveness to meet these stringent requirements, enabling the safe and precise operation of aircraft.

Electro Hydraulic Servo Valve Market Size - Global Opportunities and Trends Analysis Report 2020-2031

The demand for precision control drives market growth as industries across sectors such as manufacturing, aerospace, defense, automotive, and healthcare increasingly adopt EHSVs. These valves are essential for achieving precise movement, positioning, and force control in critical applications where accuracy and reliability are paramount.

Additionally, Ongoing research and development in aerospace engineering led to innovations in hydraulic system design. EHSVs benefit from advancements in lightweight materials, high-temperature resistance, and enhanced durability to meet stringent aerospace requirements. Hence, the expansion of the aerospace and defense sectors is propelling the growth of the mallet.

However, EHSVs typically involve a higher initial investment than conventional hydraulic valves or alternative technologies. The cost includes the purchase of the valve itself and associated expenses such as installation, integration with existing systems, and potential upgrades to support EHSV operation. Industries, particularly manufacturing, aerospace, defense, and automotive sectors, often operate within stringent budgetary constraints. Hence, the high initial cost is hampering the growth of the market.

Driving and Restraining Factors
Electro Hydraulic Servo Valve Market
  • Increasing demand for precision control
  • Growing need for fuel efficiency
  • Expansion of aerospace and defense sectors
  • High initial cost
  • High complexity of technology
  • Expansion of industrial infrastructure
  • Increasing renewable energy sector
  • Competition from alternative technologies
  • Performance limitations at extreme conditions

Application Outlook

By application, the market is divided into aerospace, defense, industrial, construction, oil & gas, and others. In 2023, the oil & gas segment held 14.5% revenue share in the market. EHSVs are crucial for subsea hydraulic control systems used in offshore oil and gas production.

Electro Hydraulic Servo Valve Market Share and Industry Analysis Report 2023

Valve Type Outlook

Based on valve type, the market is divided into nozzle flapper valves, jet pipe servo valves, and direct drive servo valves. The jet pipe servo valve segment attained 30.8% revenue share in the market in 2023. Jet pipe servo valves can handle large flow rates, which is essential for applications requiring significant hydraulic power.

Stage Type Outlook

On the basis of stage type, the market is segmented into single-stage servo value, two-stage servo valve, and multi-stage servo valve. The two-stage servo valve segment recorded 49.6% revenue share in the market in 2023. These valves provide flexibility in control over hydraulic systems, allowing for adjustable flow rates and pressure regulation.

Free Valuable Insights: Global Electro Hydraulic Servo Valve Market size to reach USD 2 Billion by 2031

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the North America region generated 29.6% revenue share in the market. North America boasts a highly developed industrial infrastructure across aerospace, automotive, manufacturing, and oil and gas sectors.

Electro Hydraulic Servo Valve Market Report Coverage
Report Attribute Details
Market size value in 2023 USD 1.5 Billion
Market size forecast in 2031 USD 2 Billion
Base Year 2023
Historical Period 2020 to 2022
Forecast Period 2024 to 2031
Revenue Growth Rate CAGR of 3.4% from 2024 to 2031
Number of Pages 257
Number of Tables 380
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments covered Application, Valve Type, Stage Type, Region
Country scope
  • North America (US, Canada, Mexico, and Rest of North America)
  • Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific)
  • LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
Companies Included HAWE Hydraulik SE, Honeywell International Inc., Eaton Corporation plc, YUKEN KOGYO CO., LTD., Daikin Industries Ltd. (DUPLOMATIC MS Spa), Moog Inc., Illinois Tools Works, Inc. (MTS Systems Corporation), Atos spa, Parker Hannifin Corporation and Bosch Rexroth AG (Robert Bosch GmbH)
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List of Key Companies Profiled

  • HAWE Hydraulik SE
  • Honeywell International Inc.
  • Eaton Corporation plc
  • YUKEN KOGYO CO., LTD.
  • Daikin Industries Ltd. (DUPLOMATIC MS Spa)
  • Moog Inc.
  • Illinois Tools Works, Inc. (MTS Systems Corporation)
  • Atos spa
  • Parker Hannifin Corporation
  • Bosch Rexroth AG (Robert Bosch GmbH)

Electro Hydraulic Servo Valve Market Report Segmentation

By Application

  • Aerospace
  • Industrial
  • Construction
  • Oil & Gas
  • Defense
  • Others

By Valve Type

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

By Stage Type

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

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA
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