Electro Hydraulic Servo Valve Market Size, Share, Trends, Growth 2030

Electro Hydraulic Servo Valve Industry Prospective:

The global electro hydraulic servo valve market size was worth around USD 2500 million in 2022 and is predicted to grow to around USD 3700 million by 2030 with a compound annual growth rate (CAGR) of roughly 5.1% between 2023 and 2030.       

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Electro Hydraulic Servo Valve Market: Overview

An electrically powered valve known as an electro hydraulic servo valve regulates the flow of fluid to the actuator. The closed-loop mechanism, which provides exact control over the output, is used by the device. Electro-hydraulic servo valves are utilized in a variety of industries, including astronavigation, navigation, aviation, and military equipment. This is due to their advantages, which include rapid reaction times, a high level of control accuracy, compact volumes, lightweight construction, and strong load variation immunity. The efficiency and reliability of the overall servo control system are significantly impacted by the electrohydraulic servo valve, which is one of the parts with the highest failure rate.

Key Insights

• As per the analysis shared by our research analyst, the global Electro Hydraulic Servo Valve market is estimated to grow annually at a CAGR of around 5.1% over the forecast period (2023-2030).
• In terms of revenue, the global Electro Hydraulic Servo Valve market size was valued at around USD 2500 million in 2022 and is projected to reach USD 3700 million, by 2030.
• The growing demand from the end-use industry is expected to drive the electro hydraulic servo valve market growth.
• Based on the product, the double stage segment is expected to hold a significant market share over the forecast period.
• Based on the application, the aerospace segment is expected to dominate the market over the forecast period.
• Based on region, North America is expected to dominate the market over the forecast period.

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Electro Hydraulic Servo Valve Market: Growth Drivers

Growing adoption of industrial robots drives market growth

An automated production process requires industrial robots, and as countries move toward industry 4.0 and sustainability, these machines are being used more and more in a variety of industry verticals, such as packaging and manufacturing. Hydraulic servo valves are used by industrial robots to control joint motion, arm motion, and leg motion. The robots utilized for material handling, welding, painting, assembling, and other automated industrial activities have these valves installed. A paper published by the IFR claims that recent developments in artificial intelligence, machine learning, and cloud computing have expanded the potential uses for industrial robots and will likely lead to a rise in their use across several business verticals. Furthermore, new professional service robot units increased to 131,800 units in 2020, a 41% rise from the previous year, according to the IFR's World Robotics 2021 study. The growing need for industrial robots in different parts of the world is anticipated to be a significant factor propelling the Electro Hydraulic Servo Valves Market.

Electro Hydraulic Servo Valve Market: Restraints

High cost of electro hydraulic servo valves impedes the market growth

The costly nature of electro-hydraulic servo valves is a factor impeding the market's expansion for these devices. Although they are costly, electro-hydraulic servo valves provide remarkable precision and accuracy in electronic control. Additionally, a pilot filter that comes with electro-hydraulic servo valves from the manufacturer may get polluted and need costly maintenance. Compared to other valve types, electro-hydraulic servo valves are more costly. They need intricate production procedures, involving two phases of assembly and machining. Installing complex electronic control cards is necessary for electro-hydraulic servo valves, which raises the cost. The price of an electro-hydraulic servo valve is raised by this factor. The servo valve is expensive to create because of its stringent criteria for spool and sleeve matching. Moreover, the combination of Electro-hydraulic servo valves with closed-loop systems and more sophisticated electronics results in a notable rise in overall expenses. Such types of factors are among the obstacles impeding the expansion of the electrohydraulic servo valve industry.

Electro Hydraulic Servo Valve Market: Opportunities

A high level of smart control acceptance offers a lucrative opportunity for market growth

The market for electrohydraulic servo valves is expanding due to the industry's growing embrace of smart control. Fuel valves in the gas sector are controlled by electro-hydraulic servo valves. Whether it's fuel oil, natural gas, or steam, the "fuel" for gas and steam turbines in power plants needs to be properly regulated. These engines may additionally need fuel blending stop/ratio valves and inlet guide vanes (IGV). Fuel valves or IGVs are controlled by electrohydraulic servo valves, which translate a control input into the exact movement of an actuator. An electrical input signal is used by an electro-hydraulic servo valve (EHSV) to regulate the flow of a gas or liquid. The flow of this medium is then used to regulate an actuator's movement or the opening and shutting of a valve, which drives the market for electrohydraulic servo valves. The global need for EHSV is rising because of the expanding oil and gas sector. The main energy consumption is anticipated to almost double to 1,123 million tonnes of oil equivalent, according to IEA's India Energy Outlook 2021, while the GDP of the nation is predicted to reach US$8.6 trillion by 2040.

Electro Hydraulic Servo Valve Market: Challenges

Competition from alternative technologies poses a major challenge for the market growth

Alternative alternatives to electro-hydraulic servo valves are becoming more and more competitive due to developments in electric actuators and other control technologies. For instance, some applications may find electric actuators appealing due to their energy efficiency and low maintenance needs.

Electro Hydraulic Servo Valve Market: Segmentation

The global Electro Hydraulic Servo Valve industry is segmented based on the product, type, application, and region.

Based on the product, the global market is bifurcated into single stage, double stage, and others. The double stage segment is expected to hold a significant market share over the forecast period. The primary drivers fueling the market's expansion are the increased emphasis on two-stage flapper-nozzle electrohydraulic servo valves and the expanding use of these valves, which have unique characteristic curves. Double-stage servo valves are positioned by the torque motor, which is also connected to the internal feedback mechanism of the valves, and are used to regulate the direction and speed of hydraulic motors. The leading companies in the sector are developing infinitely proportional flow controls with electro-hydraulic servo valves. For instance, Eaton is concentrating on creating two-stage electro-hydraulic servo valves that, when used in conjunction with servo electronics, hydraulic motors, and tachometers, offer infinite cylinder position control as well as infinite proportional flow control for real-time velocity and acceleration profiles.

Based on the type, the global electro hydraulic servo valve market is bifurcated into nozzle flapper valve, jet action valve, dynamic valve, deflector jet valve, and others.

Based on the application, the global Electro Hydraulic Servo Valve industry is bifurcated into aerospace, power industry, steel industry, chemical industry, oil & gas, marine industry, construction industry, healthcare, and others. The aerospace segment is expected to dominate the market over the forecast period. Electro hydraulic servo valves are extensively used in aircraft flight control systems. They precisely control the flow of hydraulic fluid to actuate various control surfaces, such as ailerons, elevators, rudders, and flaps. These valves enable pilots to maneuver the aircraft and ensure stable flight. Thereby, driving the segment growth.

Electro Hydraulic Servo Valve Market: Report Scope

Electro Hydraulic Servo Valve Market: Regional Analysis

North America is expected to dominate the market over the forecast period

North America is expected to dominate the global electro hydraulic servo valve market over the forecast period due to the increased attention being paid to the development of electro-hydraulic servo valves that offer precise, regulated, force-reliable, and extended frequency response closed-loop control. Further propelling the growth of the electrohydraulic servo valve industry is the increasing usage of multi-stage servo valves in a variety of end-use industries due to their high efficiency and repeatability. Furthermore, the nation's leading companies are concentrating on creating electro-hydraulic servo valves that are resistant to adverse conditions. For instance, the United States division of Honeywell International Inc. is concentrating on electro-hydraulic servo valves, which offer a dependable and effective means of managing fluid flow and mechanical motion in various places on engines and aircraft to satisfy the growing demand for tough operating conditions, reliability, and safety. Thus, this is expected to drive the market growth in the region over the projected period.

Electro Hydraulic Servo Valve Market: Competitive Analysis

The global Electro Hydraulic Servo Valve market is dominated by players like:

• Atos Spa
• Continental Hydraulics Inc.
• YUKEN KOGYO CO. LTD
• MTS Systems
• Moog Inc.
• PARKER HANNIFIN CORP
• Aviation industry AVIC Nanjing Servo Control System Co. Ltd.
• JASC
• Bosch Rexroth AG
• Woodward Inc.
• Eaton
• Honeywell International Inc.
• Voith GmbH & Co. KGaA
• Star Hydraulics Limited
• SCHNEIDER SERVOHYDRAULICS
• HAWE Hydraulik SE
• DUPLOMATIC MS Spa

The global Electro Hydraulic Servo Valve market is segmented as follows:

By Product

• Single Stage
• Double Stage
• Others

By Type

• Nozzle Flapper Valve
• Jet Action Valve
• Dynamic Valve
• Deflector Jet Valve
• Others

By Application

• Aerospace
• Power Industry
• Steel Industry
• Chemical Industry
• Oil & Gas
• Marine Industry
• Construction Industry
• Healthcare
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa