Asia-Pacific Electro Hydraulic Servo Valve Market, By Stage Type (Single Stage Servo Valve, Two Stage Servo Valve, and Three Stage Servo Valve), Valve Type (Nozzle Flapper Valve, Jet Pipe Servo Valve, Deflector Jet, and Others), LPM Type (Less Than 20 LPM and More Than 20 LPM), Application (Aerospace, Power Industry, Steel Industry, Chemical Industry, Oil & Gas, Marine Industry, Construction Industry, Healthcare and Others) – Industry Trends and Forecast to 2030.
Asia-Pacific Electro Hydraulic Servo Valve Market Analysis and Size
Major factors expected to boost the growth of the electro hydraulic servo valve market in the forecast period are the rise in several industrial applications, including aerospace, steel, power, chemical, and others. Furthermore, the increased resistance to load variations is the benefit of electro hydraulic servo valve, which is further anticipated to propel the growth of the electro hydraulic servo valve market.
Data Bridge Market Research analyses that Asia-Pacific electro hydraulic servo valve market is expected to reach the value of USD 636,834.72 thousand by 2030, at a CAGR of 5.4% during the forecast period. The electro hydraulic servo valve market report also covers pricing analysis, patent analysis, and technological advancements in depth.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in Thousand, and Pricing in USD
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Segments Covered
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Stage Type (Single Stage Servo Valve, Two Stage Servo Valve, and Three Stage Servo Valve), Valve Type (Nozzle Flapper Valve, Jet Pipe Servo Valve, Deflector Jet, and Others), LPM Type (Less Than 20 LPM and More Than 20 LPM), Application (Aerospace, Power Industry, Steel Industry, Chemical Industry, Oil & Gas, Marine Industry, Construction Industry, Healthcare and Others)
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Countries Covered
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China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)
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Market Players Covered
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YUKEN KOGYO CO., LTD, MTS Systems, Moog Inc., Atos spa, PARKER HANNIFIN CORP, Aviation industry AVIC Nanjing Servo Control System Co., Ltd., Continental Hydraulics Inc., JASC, Bosch Rexroth AG, Woodward, Inc., Eaton, Honeywell International Inc., Voith GmbH & Co. KGaA, Star Hydraulics Limited, SCHNEIDER SERVOHYDRAULICS, HAWE Hydraulik SE, and DUPLOMATIC MS Spa among others
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Market Definition
Electro hydraulic servo valve is an electrically operated valve that controls the fluid flow to the actuator. The device utilizes the closed loop system, which offers precise control over the output. Because of its benefits, including quick response, high level of control precision, small volume, lightweight, and high immunity to load variations, electro-hydraulic servo valve has been used in several fields, including astronavigation, navigation, aviation, and military equipment. Electro hydraulic servo valve is one of the most failure-prone components and has a direct and substantial impact on the performance and reliability of the entire servo control system.
Asia-Pacific Electro Hydraulic Servo Valve Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints, and challenges. All of this is discussed in detail as below:
Drivers
- High demand for nozzle flapper electro hydraulic servo valves
Servo valves provide closed-loop flow or pressure response to an electric or electronic control signal. These valves control the amount, pressure, and direction of fluid flow. Compared with proportional valves, servo valves provide a higher degree of closed-loop control. Moreover, the servo valves are available in one, two, or three-stage designs. The first stage of servo valves is the hydraulic or pneumatic amplifier which includes a flapper-nozzle, jet pipe, force motor, or solenoid. Flapper-nozzles consist of a cylindrical curtain orifice area to amplify the flow. Thus the flapper nozzle servo valves will help to increase the pressure and force of the flowing fluid. This feature will provide dynamic response facilities increasing usage.
- Upsurge in the exploration with oil, gas, and mining firms
The oil, gas, and mining industry found that keeping the flow of oil and gas in pipelines is a monumental task and requires several reliable equipment and techniques. The most important equipment is servo valves, designed with accuracy and often installed in systems requiring higher efficiency. Thus, servo valves are used in several applications, such as hydroelectric power plants and sites for mining gas or oil, regulating fuel flow in aircraft engines, and blow molding or manufacturing hollowed plastic.
The working features of EHSV are very promising and highly accurate. This has resulted in many engineers opting for the use of servo valves. Many refining and mining industries have undergone many changes, from processing methods to the length of time they operate their process units. These changes, along with the emergence of low sulfur fuel specifications, the requirement to process lower-grade crude, and the need to convert more bottom-of-the-barrel residuals, have put an extreme demand on isolation and control valves.
Opportunities
- Increasing partnership, acquisition and collaboration among market players
The electro-hydraulic servo valves market is growing, owing to factors such as growing electrification of industrial operations, oil consumption, advancement in working procedures, and others. Moreover, growing awareness among engineers regarding the usage and benefits of servo valves is also aiding Asia-Pacific growth. Due to this, there is a huge demand for advanced servo valves with high working process efficiency.
Moreover, high-tech solutions will spike demands, and various tech giants and start-ups are coming up with innovative simulation solutions to gain market advantages. These players are entering into various partnerships, obtaining various contracts for installation & upgradation, and entering into partnerships, mergers, and acquisitions to cater to consumer requirements.
Restraints/Challenges
- High cost of electro-hydraulic servo valves
The importance and functionality of servo valves are increasing with the applications. A servo valve receives pressurized hydraulic fluid, typically a hydraulic pump, from a source. It then transfers the fluid to a hydraulic cylinder in a closely controlled manner. Typically, the valve will move the spool proportionally to an electrical signal it receives, indirectly controlling the flow rate and making it an important component in the system. The increasing adoption of electro-hydraulic servo valves in the aviation, oil, and mining sectors has boosted Asia-Pacific demand. But the high cost associated with electro-hydraulic valves is estimated to restrain the Asia-Pacific electro-hydraulic servo valve market growth.
- Contamination of filters used in the valves
Modern hydraulic flow systems include the rise in servo and proportional control valves. These devices are inherently at the critical stage of controlling the manufacturing process and quality of the end product. These valves are associated with crucial equipment called a filter, which is meant to maintain the fluid concerning cleanliness and chemical composition.
Design of the filtration requires a careful understanding of the working and effects of the valves, valve design, circuit layout, and operating environment. If these factors are carefully considered, achieving high reliability and long life in some of the most difficult environments is possible.
Moreover, the filtrations are to be properly placed, installed, and maintained regularly. All types of hydraulic and lube systems have a critical contamination tolerance level. In servo valves, the filter sets up the contamination level. The fluid flowing through the valve needs to be filtered. Otherwise, it will restrain the working of other moving parts of the valve. Hence, fluid has to be filtered, and the filter has to be cleaned regularly to support the smooth working of the valve.
Post COVID-19 Impact on Asia-Pacific Electro Hydraulic Servo Valve Market
COVID-19 created a negative impact on the electro hydraulic servo valve market due to lockdown regulations and rules at manufacturing facilities.
The COVID-19 pandemic has impacted the electro hydraulic servo valve market to an extent in negative manner. However, the increasing adoption of electro hydraulic servo valves in the aviation sector has helped the market to grow after the pandemic. Also, the growth has been high since the market has opened after COVID-19, and it is expected that there will be considerable growth in the sector.
Manufacturers are making various strategic decisions to bounce back post-COVID-19. The players are conducting multiple research and development activities to improve the technology involved in the electro hydraulic servo valve. With this, the companies will bring advanced technologies to the market. In addition, government initiatives for the use of automation technology has led to the market's growth
Recent Development
- In September 2022, Moog Inc. introduced its new X700 Series servo cartridge valves with a robust design enabling a maximum main stage operating pressure of 420 bar. With this, the company will further expand its product & services in the premium market.
- In August 2022, Voith GmbH & Co. KGaA announced the acquisition of ARGO-HYTOS Group. This acquisition will help the company develop and produce components for hydraulics and system solutions with a focus on the off-highway sector, accelerating the hydraulics business growth.
Asia-Pacific Electro Hydraulic Servo Valve Market Scope
The Asia-Pacific electro hydraulic servo valve market is segmented on the basis of stage type, valve type, LPM type, and application. The growth among these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Stage Type
- Single Stage Servo Valve
- Two Stage Servo Valve
- Three Stage Servo Valve
On the basis of stage type, the Asia-Pacific electro hydraulic servo valve market is segmented into single stage servo valve, two stage servo valve, and three stage servo valve.
Valve Type
- Nozzle Flapper Valve
- Jet Pipe Servo Valve
- Deflector Jet
- Others
On the basis of valve type, the Asia-Pacific electro hydraulic servo valve market has been segmented into nozzle flapper valve, jet pipe servo valve, dynamic valve, and others.
LPM Type
- Less Than 20 LPM
- More Than 20 LPM
On the basis of LPM type, the Asia-Pacific electro hydraulic servo valve market has been segmented into less than 20 LPM and more than 20 LPM.
Application
- Aerospace
- Power Industry
- Steel Industry
- Chemical Industry
- Oil & Gas
- Marine Industry
- Construction Industry
- Healthcare
- Others
On the basis of application, the Asia-Pacific electro hydraulic servo valve market is segmented into aerospace, power industry, steel industry, chemical industry, oil & gas, marine industry, construction industry, and others.
Asia-Pacific Electro Hydraulic Servo Valve Market Regional Analysis/Insights
Asia-Pacific electro hydraulic servo valve market is analysed, and market size insights and trends are provided by country, stage type, valve type, LPM type, application as referenced above.
The countries covered in the electro hydraulic servo valve market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific (APAC). China dominates in the Asia-Pacific region due to the rising adoption of automation in manufacturing and industrial robotics.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Asia-Pacific Electro Hydraulic Servo Valve Market Share Analysis
The Asia-Pacific electro hydraulic servo valve market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to electro hydraulic servo valve market.
Some of the major players operating in the Asia-Pacific electro hydraulic servo valve market are YUKEN KOGYO CO., LTD, MTS Systems, Moog Inc., Atos spa, PARKER HANNIFIN CORP, Aviation industry AVIC Nanjing Servo Control System Co., Ltd., Continental Hydraulics Inc., JASC, Bosch Rexroth AG, Woodward, Inc., Eaton, Honeywell International Inc., Voith GmbH & Co. KGaA, Star Hydraulics Limited, SCHNEIDER SERVOHYDRAULICS, HAWE Hydraulik SE, DUPLOMATIC MS Spa among others.
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