Overview and Scope
The electro hydraulic servo valve market consists of sales of rotatory valves and flexible servo valves. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Sizing and Forecast
The electro hydraullic servo valve market size has grown strongly in recent years. It will grow from $2.10 billion in 2023 to $2.21 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to the increased importance of precision in industrial processes, increased usage of multi-stage servo valves, increased focus on sustainability and energy efficiency, increased demand for high-performance hydraulic systems, and improved load variation immunity.
The electro hydraullic servo valve market size is expected to see strong growth in the next few years. It will grow to $2.71 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to the increasing adoption of industrial robots globally, high acceptance of smart control, rising demand for energy-efficient solutions, expansion of aerospace and defense sectors, and high demand for accuracy. Major trends in the forecast period include technological advancements, the development of electro-hydraulic servo valves for tough operating conditions, advancements in materials and control algorithms, advancements in feedback mechanisms and sensors, and advancements in actuator technology.
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Segmentation & Regional Insights
The electro hydraulic servo valve market covered in this report is segmented –
1) By Type : Nozzle Flapper Valve, Jet Action Valve, Dynamic Valve, Deflector Jet Valve, Other Types
2) By Stage Type: Single-Stage Servo Value, Two-Stage Servo Valve, Multi-Stage Servo Valve
3) By Application: Aerospace, Defense, Industrial, Construction, Oil And Gas, Other Applications
North America was the largest region in the electro hydraulic servo valve market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electro hydraulic servo valve market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rise in popularity of industrial robots is expected to propel the growth of the electro hydraulic servo valve market going forward. Industrial robots are automated, programmable machines designed to perform a variety of tasks in manufacturing and production environments. The increasing adoption of industrial robots is driven by several factors,+ such as productivity and efficiency, labor shortages, an aging workforce, and their high demand for automation and precision. Electric-hydraulic servo valves significantly enhance the functionality and performance of industrial robots by providing precise control, high-force capabilities, fast response times, and smooth operation. For instance, in October 2022, according to reports published by the International Federation of Robotics (IFR), a US-based non-profit organization that promotes the robotics industry, 517,385 robots were installed in factories worldwide in 2021, marking a 31% increase from 2020. Currently, the global stock of operational robots has reached a new high of approximately 3.5 million units. Therefore, the rise in popularity of industrial robots is driving the growth of the electro hydraulic servo valve market.
Key Industry Players
Major companies operating in the electro hydraulic servo valve market are Schneider Electric AG, Honeywell International Inc., Eaton Corporation, Parker Hannifin Corp., Atos SE, Danfoss Inc., Bosch Rexroth AG, Voith GmbH, Moog Inc., Woodward Inc., KYB Corp., Bucher Hydraulics Inc., MTS Systems Corp., HAWE Hydraulik SE, HydraForce Ltd., Poclain Hydraulics Inc., Sun Hydraulics Corp., Oilgear Co., Continental Hydraulics Inc., Team Cooperation, Jansen Aircraft Systems Control, EMG Automation, Star Hydraulics Limited, DUPLOMATIC MS Spa,
The electro hydraulic servo valve market report table of contents includes:
1. Executive Summary
2. Electro Hydraulic Servo Valve Market Characteristics
3. Electro Hydraulic Servo Valve Market Trends And Strategies
4. Electro Hydraulic Servo Valve Market – Macro Economic Scenario
5. Global Electro Hydraulic Servo Valve Market Size and Growth
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32. Global Electro Hydraulic Servo Valve Market Competitive Benchmarking
33. Global Electro Hydraulic Servo Valve Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Electro Hydraulic Servo Valve Market
35. Electro Hydraulic Servo Valve Market Future Outlook and Potential Analysis
36. Appendix
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