PUBLISHER: QYResearch | PRODUCT CODE: 1207452
PUBLISHER: QYResearch | PRODUCT CODE: 1207452
The global electro hydraulic servo valve market was valued at us$ 1,669.82 million in 2022 and is anticipated to reach us$ 2,002.73 million by 2029, witnessing a CAGR of 2.60% during the forecast period 2023-2029. the influence of COVID-19 and the Russia-Ukraine war were considered while estimating market sizes.
The North American market occupies a major position in the world while electro hydraulic servo valve market size is valued at US$ 886.61 million in 2022, while the Europe and China electro hydraulic servo valve are US$ 570.54 million and US$ 95.44 million, severally. The proportion of the North America is 53.10% in 2022, while Europe and China are 34.17% and 5.72% respectively, and it is predicted that China proportion will reach 7.66 % in 2028, trailing a CAGR of 6.92% through the analysis period.
Based on the product type, the electro hydraulic servo valve is primarily split into nozzle flapper valve, jet action valve and direct drive valve. In 2022, Nozzle flapper valve accounted for a share of 68.18% in the global electro hydraulic servo valve market. And this product segment is poised to reach US$ 1,258.31 million by 2028 from US$ 1,138.49 million in 2022. The electro hydraulic servo valve end user includes Aerospace, Steel Industry, Power Industry, Oil and Gas Industry and others, among of them, Aerospace is the largest application area, and holds 45.76% market Share, expect to reach US$ 905.64 million by 2029.
The major global manufacturers of electro hydraulic servo valve include Moog, Bosch Rexroth, Parker Hannifin, Eaton Vickers, AVIC Nanjing Servo Control System, Honeywell, Shanxi Qinfeng Hydraulic, Voith, and Atos, etc. In 2022, the world's top five vendors accounted for approximately 59.61% of the revenue.
This report aims to provide a comprehensive presentation of the global market for Electro Hydraulic Servo Valve, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electro Hydraulic Servo Valve.
The Electro Hydraulic Servo Valve market size, estimations, and forecasts are provided in terms of output/shipments (Unit) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Electro Hydraulic Servo Valve market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Electro Hydraulic Servo Valve manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.