The electro hydraulic servo valve from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Electro Hydraulic Servo Valve Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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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Scope Of Electro Hydraulic Servo Valve Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Electro Hydraulic Servo Valve Market Overview
Market Drivers –
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.
Market Trends –
Major companies operating in the electro hydraulic servo valve market are developing innovative products such as two-way servo cartridge valves to enhance the precision and responsiveness of hydraulic systems. Two-way servo cartridge valves are hydraulic control valves designed to regulate the flow of fluid in a hydraulic system with high precision and responsiveness. For instance, in September 2022, Moong, a US-based company that manufactures electro-hydraulic servo valves, launched the Moog X700 Series 2-Way Servo Cartridge Valves, which are designed to provide superior flow performance in electro-hydraulic control systems. The valves are equipped with integrated electronics and closed-loop position control for the main stage cartridge poppet, ensuring precise control and reliable operation. These features enable the Moog X700 Series to provide high productivity and reliable control in demanding applications, making them suitable for industries such as energy, industrial machinery, simulation, and test markets.
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
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Regional Insights –
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.
Key Companies –
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,
Table of Contents
1. Executive Summary
2. Electro Hydraulic Servo Valve Market Report Structure
3. Electro Hydraulic Servo Valve Market Trends And Strategies
4. Electro Hydraulic Servo Valve Market – Macro Economic Scenario
5. Electro Hydraulic Servo Valve Market Size And Growth
……
27. Electro Hydraulic Servo Valve Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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