Electro Hydraulic Servo Valve Market - Forecast (2023 - 2028)

The market size for Electro Hydraulic Servo Valve is analyzed to be USD $1,42 Billion in 2021. It is further projected to grow at a CAGR of 3.35% during the forecast period 2022-2027. A hydraulic servo valve is a device that controls position, velocity, pressure or force in a machine or device by maneuvering the flow of fluid (oils) in response to an electrical input signal or command (usually through a piston or cylinder). Closed-loop control devices, servo valves can be single-stage, two-stage or three-stage designs.

Moreover, the growth in the aerospace and defense industry would eventually boost the demand for Electro-Hydraulic Servo Valve. EHSVs have a range of applications in the aerospace and defense industry vertical including three-and four-way flow and pressure control, fuel monitoring, actuator position control, flight critical applications, thermal management, over-speed protection, thrust vector nozzle actuation and more. According to a report by the IBEF, Indian aviation markets have witnessed a growing demand for large aircraft from key players including Spicejet, Indigo and more. Additionally, the increasing military and defense expenditure by governments are analyzed to positively aid the underlying market. India’s defense budget for 2020-2021 stood at $67.4 Billion, which is 9.3% higher than 2019-2020. Factors like these are driving the growth of the Electro Hydraulic Servo Valve market.



This product will be delivered within 2 business days.