“Global Electro Hydraulic Servo Valve Market to reach a market value of USD 2 Billion by 2031 growing at a CAGR of 3.4%”
The Global Electro Hydraulic Servo Valve Market size is expected to reach $2 billion by 2031, rising at a market growth of 3.4% CAGR during the forecast period.
Aerospace applications require precise control over hydraulic systems to ensure accurate movement and positioning of flight control surfaces, landing gear, and other critical components. Thus, the aerospace segment acquired 25.5% revenue share in the market 2023. EHSVs provide the necessary precision and responsiveness to meet these stringent requirements, enabling the safe and precise operation of aircraft.
The demand for precision control drives market growth as industries across sectors such as manufacturing, aerospace, defense, automotive, and healthcare increasingly adopt EHSVs. These valves are essential for achieving precise movement, positioning, and force control in critical applications where accuracy and reliability are paramount.
Additionally, Ongoing research and development in aerospace engineering led to innovations in hydraulic system design. EHSVs benefit from advancements in lightweight materials, high-temperature resistance, and enhanced durability to meet stringent aerospace requirements. Hence, the expansion of the aerospace and defense sectors is propelling the growth of the mallet.
However, EHSVs typically involve a higher initial investment than conventional hydraulic valves or alternative technologies. The cost includes the purchase of the valve itself and associated expenses such as installation, integration with existing systems, and potential upgrades to support EHSV operation. Industries, particularly manufacturing, aerospace, defense, and automotive sectors, often operate within stringent budgetary constraints. Hence, the high initial cost is hampering the growth of the market.
By application, the market is divided into aerospace, defense, industrial, construction, oil & gas, and others. In 2023, the oil & gas segment held 14.5% revenue share in the market. EHSVs are crucial for subsea hydraulic control systems used in offshore oil and gas production.
Based on valve type, the market is divided into nozzle flapper valves, jet pipe servo valves, and direct drive servo valves. The jet pipe servo valve segment attained 30.8% revenue share in the market in 2023. Jet pipe servo valves can handle large flow rates, which is essential for applications requiring significant hydraulic power.
On the basis of stage type, the market is segmented into single-stage servo value, two-stage servo valve, and multi-stage servo valve. The two-stage servo valve segment recorded 49.6% revenue share in the market in 2023. These valves provide flexibility in control over hydraulic systems, allowing for adjustable flow rates and pressure regulation.
Free Valuable Insights: Global Electro Hydraulic Servo Valve Market size to reach USD 2 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the North America region generated 29.6% revenue share in the market. North America boasts a highly developed industrial infrastructure across aerospace, automotive, manufacturing, and oil and gas sectors.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 1.5 Billion |
| Market size forecast in 2031 | USD 2 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 3.4% from 2024 to 2031 |
| Number of Pages | 257 |
| Number of Tables | 380 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Application, Valve Type, Stage Type, Region |
| Country scope |
|
| Companies Included | HAWE Hydraulik SE, Honeywell International Inc., Eaton Corporation plc, YUKEN KOGYO CO., LTD., Daikin Industries Ltd. (DUPLOMATIC MS Spa), Moog Inc., Illinois Tools Works, Inc. (MTS Systems Corporation), Atos spa, Parker Hannifin Corporation and Bosch Rexroth AG (Robert Bosch GmbH) |
By Application
By Valve Type
By Stage Type
By Geography
This Market size is expected to reach $2 billion by 2031.
Increasing demand for precision control are driving the Market in coming years, however,High initial cost restraints the growth of the Market.
HAWE Hydraulik SE, Honeywell International Inc., Eaton Corporation plc, YUKEN KOGYO CO., LTD., Daikin Industries Ltd. (DUPLOMATIC MS Spa), Moog Inc., Illinois Tools Works, Inc. (MTS Systems Corporation), Atos spa, Parker Hannifin Corporation and Bosch Rexroth AG (Robert Bosch GmbH)
The expected CAGR of this Market is 3.4% from 2023 to 2031.
The Nozzle Flapper Valve segment is leading the Market by Valve Type in 2023; thereby, achieving a market value of $874.9 million by 2031.
The Asia Pacific region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $839.6 million by 2031.
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 