Global Electro Hydraulic Servo Valve Market - 2023-2030

Overview

Global Electro Hydraulic Servo Valve Market reached US$ 1.8 billion in 2022 and is expected to reach US$ 3.1 billion by 2030, growing with a CAGR of 4.2% during the forecast period 2023-2030. Aircraft and missile systems require precise control for various functions like flight control surfaces and landing gear that helps to boost demand for the electro-hydraulic servo valve.

As the growing industrial demand for automation and robotics increases demand for the electro hydraulic servo valve also increases. Electro-Hydraulic Servo Valves provide the control for assembly lines, robotic arms and other automated processes. The aerospace and defense sectors need high-quality control solutions for missiles, drones and aircrafts. Manufacturing, metalworking and plastics processing have benefited from the precision and quick response of electro hydraulic servo valves.

North America is expected to hold a share of around 1/4th of the global market during the forecast period 2023-2030. North America is among the growing regions in the global electro hydraulic servo valve market due to the rapid growth in the aviation and aircraft industry. Major key players in the region such as focusing on the new product launches of electro hydraulic servo valves.

Dynamics

Rising Applications in the Oil, Gas and Mining

Electro-hydraulic servo valves have increasing applications in the oil, gas and mining industries due to their ability to provide precise control and accuracy in operations. Electro-hydraulic servo Valves are utilized in drilling rigs to control various hydraulic functions such as pipe handling systems, positioning of drill bits and hydraulic jacks. Precise control of the electro-hydraulic servo valve helps to boost safety and drilling efficiency.

The rapid growth in the oil, gas and mining industries helps to boost market growth over the forecast period. According to the data given by IBEF, India brand equity foundation, oil demand in India is projected to show 2x growth to reach 11 million barrels per day by 2045. Diesel demand in India is expected to double to 163 MT by 2029-30. The increased demand for oil and mining helps to boost the market growth of electro-hydraulic servo valves.

Increasing Aircraft Industry Applications

Increasing industrial applications of the nozzle flapper electro-hydraulic servo valves due to its fast response and precise control in hydraulic systems. Various industries such as aerospace and defense. Electro-hydraulic servo valves (EHSV) play a critical role in various applications within the aircraft industry, particularly in control systems that require precise and rapid adjustments.

An increase in product launches by major key players helps to boost segment growth over the forecast period. For instance, Honeywell launched electro-hydraulic servo valves EHSV for the aircraft industry. It is used in 737 aircraft of the program CFM56-7. Electro-hydraulic servo valves are used in various types of aircraft such as F15/F16, 777, Falcon, F22, F18E&F, F22 and Grippen among others.

Contamination of Filters Used in the Valves

The contaminations negatively impact the efficiency, performance and reliability of the electro hydraulic servo valve and the entire hydraulic system. Contaminants in the hydraulic systems such as dirt, metal shavings, debris and contaminants introduced during the maintenance and manufacturing process. Contaminations also come from the degradation of hydraulic fluid over the period of time.

Contaminants in the electro hydraulic servo valve cause valve malfunctions and wear and tear on components. It also increased maintainance frequency and system failures. Contaminants in the electro hydraulic servo valve disrupt the precise flow control which negatively impacted the electro hydraulic servo valve market growth.

High Product Cost

The electro-hydraulic servo valve has a high cost owing to various factors like high precision and rapid response time and also due to the use of high-quality materials and precise manufacturing techniques that assists to improve their reliability and durability. In various industries demand for the electro hydraulic servo valve is low compared to other components leading to lower production volumes.

Assembling electro-hydraulic servo valves is complex and labor-intensive. Some industrial applications of electro hydraulic servo valves required customization. Industries such as aerospace and defense require strict certification which needs high cost for the certification. For instance, LEO Engineers is a manufacturer and supplier of high-quality electro hydraulic servo valves. It has a cost of US$ 1509.1 for one piece.

Segment Analysis

The global electro-hydraulic servo valve market is segmented based on valve, stage, LPM, control, actuation, pressure range, application and region.

Increasing Applications of the the Nozzle Flapper Valves

The nozzle flapper valves segment is expected to hold a share of around 1/3th of the global market during the forecast period 2023-2030. The Nozzle Flapper Valves (NFVs) segment holds a major share of the global diamond art printing market and countries like U.S., Canada, Germany and UK have shown the highest growth in the market. Rising industrial applications of the nozzle flapper valves (NFVs) also help to boost market growth over the forecast period.

Furthermore, the rapid growth in the aviation industry also helps to boost demand for the Nozzle Flapper Valves (NFVs). An increase in the adoption of nozzle flapper valves (NFVs) in the aviation industry helps boost the market growth. For instance, according to the data given by Uniting Aviation, a United Nations specialized agency estimation by 2030, the air transport industry will contribute 15.5 million in direct job and US$ 1.5 trillion of GDP to the world economy.

Geographical Penetration

Growing Aviation And Craft Industry in North America

North America electro hydraulic servo valve market has accounted around 1/4th market share in 2022 due to the increase in the number of manufacturers in the region. Major key players in the region such as Moog Inc., Parker Hannifin Corporation, Eaton Corporation and Honeywell International Inc. follow a merger and acquisition strategy to expand their business. Some key players launched new products in the market.

For instance, Parker Hannifin Corporation, a U.S. based company offers various types of electro hydraulic servo valves such as SE05, SE10 and SE 15 series. U.S. has the most innovative aircraft and defense companies such as Northrop Grumman, General Dynamics, Raytheon Technologies and Harris Corporation. The companies are adopting electro hydraulic servo valves due to their its quality functionality.

The aerospace industry in North America growing rapidly and have been major users of the electro hydraulic servo valve. Also, the craft industry of U.S. has shown a major contribution to the global electro hydraulic servo valve. According to the CraftyThinking blog, the crafting industry is projected to be worth around US$ 28.3 million globally, with U.S. market accounting for about US$ 17.1 million.

COVID-19 Impact Analysis

The COVID-19 pandemic had negative impact on the electro hydraulic servo valve as it has applications in the various industries worldwide. Due to the lockdown, there is closure of factories and transportation restrictions. Due to this delay in the deliveries of electro hydraulic servo valve.

The global supply chain experienced disruptions due to lockdowns. Some of the major key players of the electro hydraulic servo valve were facing transportation challenges. It led to delays in the production and delivery of electro hydraulic servo valve supplies. A decrease in the business activities and economic uncertainties in various sectors led to a decrease in the demand of industrial equipment's such as electro hydraulic servo valve.

Manufacturing facilities of the electro hydraulic servo valve is closed due to the government safety and health regulations this is negatively impacted the market growth of the electro hydraulic servo valve. Aerospace and automotive industries have major applications of electro hydraulic servo valves that faced challenges due to the reduction of travel and change in consumer behavior.

Russia-Ukraine War Impact Analysis

The ongoing conflict affected industrial growth due to the government's strict regulations due to safety concerns. The supply chain disruption decreased the demand for electro hydraulic servo valves. Geopolitical conflicts have effects on the global economy including various factors such as fluctuations in commodity prices and supply chain disruptions. The factors directly affected the various industries that use electro-hydraulic servo valves.

Geopolitical tensions affected the currency fluctuations and exchange rate that impacted on the cost of imported products such as electro hydraulic servo valve. The ongoing conflict can create economic instability in the region. Uncertainty and disruptions in trade and commerce can impact consumer confidence and purchasing power.

As a result, individuals may prioritize essential needs over non-essential purchases like electro hydraulic servo valves leading to a potential decline in demand. Furthermore, the Russia-Ukraine war affected the disruption in the import and export of the materials like electro hydraulic servo valves. It impacted the supply chain of the electro hydraulic servo valve.

By Valve

• Nozzle Flapper Valve
• Jet Pipe Servo Valve
• Deflector Jet
• Others

By Stage

• Single Stage Servo Valve
• Two Stage Servo Valve
• Three Stage Servo Valve

By LPM

• Less Than 20 LPM
• More Than 20 LPM

By Control

• Open-loop control
• Closed-loop control

By Actuation

• Hydraulic actuation
• Electro-hydraulic actuation

By Pressure Range

• Low-pressure
• High-pressure

By Application

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

By Region

• North America
  • U.S.
  • Canada
  • Mexico

• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe

• South America
  • Brazil
  • Argentina
  • Rest of South America

• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific

• Middle East and Africa

Key Developments

• On September 12, 2022, Moog Inc., an American-based designer and manufacturer of electric, electro-hydraulic and hydraulic motion, controls and systems launched X700 Series Servo Cartridge Valves in the market. It has applications in the die-casting, sheet forming, metal and presses. It has operating pressure of 420 bar (6,000 psi).
• On June 06, 2022, Voith, a global technology company acquired ARGO-HYTOS Group. ARGO-HYTOS developed and produced various components for hydraulics and system solutions. Voith acquired 79.5% of the ARGO-HYTOS.
• On February 20, 2023, HydraForce, a global manufacturer of hydraulic valves and manifolds is exhibited at the CONEXPO-CON/AGG 2023 show. HydraForce booth, S80207 is collaborated with Zone showcasing for the demonstration of software offerings.

Competitive Landscape

The major global players include: Moog Inc., Parker Hannifin Corporation, Eaton Corporation, Woodward Inc., Honeywell International Inc., Bosch Rexroth AG, Curtiss-Wright Corporation, Dynamic Fluid Components Inc., Emerson Electric Co. and HydraForce Inc.

Why Purchase the Report?

• To visualize the global electro-hydraulic servo valve market segmentation based on valve, stage, LPM, control, actuation, pressure range, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of electro-hydraulic servo valve market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global electro-hydraulic servo valve market report would provide approximately 93 tables, 99 figures and 240 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies