Markets for valve types, stage types, applications, and regions are divided up in the worldwide electro hydraulic servo valve market. The market is divided into direct drive servo valves, jet pipe servo valves, and nozzle flapper valves based on the kind of valve used. The segment with the highest revenue in 2019 was nozzle flapper valves. The market for electro hydraulic servo valves is further divided into three groups based on the number of stages: single-stage, two-stage, and multi-stage. Due to the growing use of electro hydraulic servo valves in the industrial sector, the worldwide electro hydraulic servo valve market is anticipated to have considerable growth during the forecast period (2021-2028). Due to the fact that they are essential parts of closed loop electro hydraulic motion control systems, electro hydraulic servo valves are frequently utilised in industrial and aerospace applications. Electro hydraulic servo valves (EHSV) are employed in a variety of industries, including astronomy, aviation, navigation, and defence, due to its benefits such as high control precision, quick response time, light weight, and small size.
The Coherent Market Insights estimates that in 2020, the market for Electro Hydraulic Servo Valves was valued at US$ 1,898.2 million, and by 2028, it is anticipated to have grown to US$ 2,462.8 million, with a CAGR of 3.3%.
Key Companiesin the Electro Hydraulic Servo Valve Industry:
1. Moog, Inc.
The company was started in 1951 and is based in New York, United States. The business creates and produces electric, electro-hydraulic, and hydraulic movements, controls, and systems for use in industrial, medical, aerospace, and defence applications. Precision control systems and components are designed, manufactured, and integrated globally by Moog Inc.
2. EMG Automation GmbH
The company was started in 1946 and is located in Germany. Manufacturing industrial instruments and related equipment for measuring, showing, and transmitting public utility services is one of the company's business lines. One of the top manufacturers of electro-hydraulic control systems today, EMG Automation GmbH also creates quality control systems for the manufacturing sector.
3. Honeywell
The business was started in 1906 and is located in Charlotte, North Carolina, United States. Technologies and solutions for power, safety, and security are provided by Honeywell International, a manufacturing and technology business. When Honeywell re-joined the Dow Jones Industrial Average index in 2020, it changed the New York Stock Exchange where its stock was listed to the Nasdaq the following year.
4. Parker Hannifin
The firm was started in 1917 and is based in Mayfield Heights, Ohio, United States. The business creates a variety of industrial and aeronautical systems. Manufacturer of systems and technology for motion and control is Parker Hannifin Corp (Parker). The deal to purchase Meggitt, a British aerospace and defence business, for £6.3 billion was reached in August 2021.
5.Woodward, Inc.
The firm was started in 1870 and is located in Fort Collins, Colorado, United States. The American company Woodward, Inc. creates automation and control system parts for power generation, mobile industrial equipment, industrial engines and turbines, and aircraft engines.
6. Eaton Corporation
The business was started in 1911 and is based in Dublin, Ireland. To the aerospace, automotive, filtration, hydraulics, and plastic extrusion industries, the company provides electrical and chemical components, detection systems for fires, wiring devices, circuit protection, and lighting products. Eaton finalised the $1.65 billion purchase of Tripp Lite on March 17, 2021.
7. Schneider Kreuznach
The company was started in 1913 and is located in Bad Kreuznach, Germany. The business manufactures optical equipment for both industrial and photographic use. First anamorphic/spherical set was released by Schneider-Kreuznach in 2022. Two new filter lines, BASIC and MASTER, were introduced by Schneider-Kreuznach and B+W Filter in 2021.
*Definition: An electronically controlled valve that regulates the flow of fluid to the actuator is called an electro hydraulic servo valve. The device uses a closed loop system, which gives the output exact control.
