Electro Hydraulic Servo Valve Market Report - Size, Share, Outlook, and Opportunity Analysis, 2021

The electro hydraulic servo valve systems is an important part of servo control systems, which helps to control the flow of valve. The device uses closed loop system, which provides precise control over the output. The servo valve system is ued in various application including aerospace, steel industry, power industry, chemical industry, and others.

Market Dynamics

The global electro hydraulic servo valve market is expected to grow significantly during the forecast period. With the rapid advancements in technologies and capabilities of automated control systems, electro hydraulic servo valve manufacturers are currently prioritizing R&D activities for product differentiation. For instance, Moog Inc.’ engineers employ new materials, designs, and manufacturing process to maximize servo valve life expectancy. Moog Inc. offers hydraulic servo valves that includes design advantages such as a disc filter, square body, single piece flapper/wire and a carbide ball that replaced the traditional steel material.

Growth in mining and oil & gas industry will boost various opportunities that will lead to the growth of electro hydraulic servo valve market during the forecast period. For instance, according to CMI’ analysis in 2018, China (including the Chinese government and private companies) invested around US$ 80 billion in the Middle East oil and gas projects to support its The Belt and Road Initiative. Additionally, long-term supply agreements with oil field and mining companies will provide growth opportunities for the market players.

Furthermore, key players in the market are tapping into opportunities in ongoing projects of natural gas exploration and transportation pipelines, coupled with upcoming mining projects in fast-developing markets of China, India, Brazil, and South Africa. For instance, in 2013, Emerson Valve Technologies was awarded contract by Chevron Australia Pty Ltd, which was valued at US$ 67 million to provide hydraulic control valves and valve actuators to help ensure the efficient and safe flow of natural gas at Australia-based Gorgon Project, one of the world’s largest natural gas projects.

Key features of the study:

This report provides in-depth analysis of global electro hydraulic servo valve market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2021– 2028), considering 2020 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
It profiles leading players in the global electro hydraulic servo valve market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
Companies covered as a part of this study include Moog, Inc., EMG Automation GmbH, Honeywell, Bosch Rexroth, Voith, Parker Hannifin, Aviation industry Nanjing Servocontrol Limited company, Woodward, Inc., Eaton Corporation, Schneider Kreuznach, Star Hydraulics Limited, Oilgear, YUKEN KOGYO CO., LTD, and Duplomatic Motion Solutions
Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
The global electro hydraulic servo valve market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global electro hydraulic servo valve market

Detailed Segmentation