”, the market is driven by the utilization of industrial robots across the vertical along with the rising demand for valves from the aerospace and defence industry for braking, steering, and flight control. The market is expected to grow at a CAGR of 3.85% and reach $1.63 billion by 2023.
Europe dominates the Electro Hydraulic Servo Market
Europe has a major share of 42% in the Electro Hydraulic Servo Market. North America and the Asia Pacific region follow the suit. The region will grow at a CAGR of 3.13% and reach $660.5 million by 2023. The market is more prominent in countries such as Germany, US, UK, Canada, and China. This is due to their cost effectiveness in industrial applications. The key players such as Boeing and Lockheed Martin Aeronautics of aerospace and defence sectors in North America escalate the growth of hydraulic valves in the region.
In Canada, electro hydraulic servo valves are used in turbines to control the steam, fuel, water discharge, and other applications. They are also used in machine tools for controlling the work piece. The growing demand of machine tools in construction and automotive industries will enhance the growth of the electro hydraulic servo valves in the region.
The iron and steel industry in Mexico employs servo valve and metal processing and machine tools. The growing demand from the iron and steel industry due to the demand from construction industries will drive the growth of the market in Mexico.
Selected Regulatory Analysis done in the full report
The hydraulic servo valve is employed in robotic applications to control the actuators. Growing use of industrial robots for welding, painting, assembling, and material handling in different industries, is bolstering the growth of the Electro Hydraulic Servo Valve Market. Metal processing machines such as mechanical presses, machine tools, and rolling mills have evolved from conventional mechanical control to CNC to improve speed, efficiency, and accuracy.
Computer numeric electro flow control valve can control various actuation functions in machines such as roller height adjustment in rolling machines, hammer drop in presses, and spindle/tool holder movement in machine tools. In earthquake simulation, seismic simulators incorporate electro hydraulic servo valves which actuate the machine’s movable platform to create vibrations like earthquakes.
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Excerpts on Market Growth Factors
The miniature electric hydraulic valve is employed in industrial robots for motion control such as control of leg motion, joint motion, and arm motion. It is used in the robots which are used for material handling, painting, welding, and other automated industrial processes. The increasing demand for the industrial robots in automation enhances the growth of the market.
In the aerospace industry, the directional control valve is used in the engine control system of the aircraft. It is also used for flight control, thrust vector control, and missile control application. Flight simulators also employ these valves for actuation of motion and control loading simulation.
The hydraulic proportional valve is even used in material test machines, active suspension systems, mining machinery, and mill equipment.
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Key Players of the Electro Hydraulic Servo Valve Market
Moog provides proportioning valves that is used in industrial and marine applications. The main application includes basic metal processing, fatigue, material testing, rubber processing, robotics, etc. Rexroth Bosch Group produces two directional electro hydraulic servo valves suited for closed loop controlling of force, velocity, and pressure. Parker Hanfinn Corporation offers diverse electro hydraulic servo valves that are used in industrial and mobile machinery performance.
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