Enjoy complimentary customisation on priority with our Enterprise License!
The servo valve market size is forecast to increase by USD 758.4 million at a CAGR of 5.3% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand in various industries, particularly in the proportional valve segment of closed-loop circuits. The command signal and error signal in these circuits require precise control, which is provided by servo valves. Additionally, the use of servo valves in open-loop circuits as an auxiliary power source is gaining popularity due to their high power density. However, disruptions in supply chains and the need for an auxiliary power source are challenges that market companies must address. Strategic partnerships and investments in sectors like construction are driving market growth.
The servo valve market is crucial for various hydraulic systems, offering precise control over pressure and volume flow. Key components include mechanical inputs, directional control valves, and feedback sensing devices that facilitate closed-loop and open-loop circuit. Mechanical servo valves, such as those utilizing flapper nozzles and sliding sleeves, enable accurate spool position adjustments, ensuring optimal performance characteristics. Continuous valves enhance system reliability, while force amplifiers improve responsiveness. The hydraulic steering system benefits significantly from these innovations, contributing to smoother operation in automotive applications. Additionally, the mechanical control loop and electrical control loop integration streamline control processes, making it easier to achieve desired output variables. As demand for precision control systems grows, the servo valve market is set to expand further. In a hydraulic system, small mechanical inputs are effectively managed by a closed-loop circuit utilizing a feedback sensing device and a mechanical servo valve, allowing for precise control through a directional control valve and enhancing performance with a force amplifier, while open-loop circuit offer simpler, albeit less precise, alternatives.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The electro hydraulic servo valves segment is estimated to witness significant growth during the forecast period. Servo valves, specifically electro-hydraulic servo valves (EHSVs), are a significant component in the market, recognized for their accuracy and consistency in managing fluid flow and mechanical motion. Honeywell is one example of a company providing such valves. EHSVs operate by converting an electrical input signal into an electromagnetic force, which moves an armature to regulate the flow of hydraulic fluid. This mechanism is essential in various applications, including aircraft and engine systems, due to its efficiency and dependability. The EHSV design consists of two primary stages.
Moreover, in the first stage, a torque motor transforms the electrical input into an electromagnetic force, causing a linkage mechanism to move the valve spool. This spool adjusts the flow of hydraulic fluid, such as pressurized fuel, to the hydraulic cylinder. The feedback link ensures the valve maintains the desired position, enabling precise control. The integration of mechanical servo valves and force amplifiers in industrial applications enhances system performance and improves overall productivity.
Get a glance at the market share of various segments Request Free Sample
The electro hydraulic servo valves segment accounted for USD 1.20 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 44% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
For more insights on the market share of various regions Request Free Sample
The market in the Asia Pacific (APAC) region is experiencing significant growth due to increased investments in renewable energy and infrastructure development. For instance, in September 2023, the Asian Development Bank (ADB) and the Mongolian government inaugurated a 10 MW solar photovoltaic power plant in Govi-Altai province. Named Serven, this project is anticipated to produce around 20 million kWh of energy yearly and decrease carbon dioxide emissions by 15,000 tons annually from 2026. This initiative is part of ADB's Upscaling Renewable Energy Sector program, which aims to support 41 MW of distributed renewable energy systems, delivering clean electricity and heat to underdeveloped regions in Western Mongolia. Servo valves, available in various designs such as Spool-in-Body, Nominal Volume Flows, Direct Operated Valves, and Pilot Operated Valves, play a crucial role in regulating fluid flow in these energy systems. Their high-precision control and force capabilities ensure optimal performance. As the APAC region continues to prioritize renewable energy and infrastructure development, the demand for servo valves is expected to increase.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing investments in construction sector is the key driver of the market. The market is experiencing notable expansion due to increasing investments in infrastructure development and construction projects. In India, the Union Budget 2024-2025 allocated approximately USD111 million for infrastructure and construction activities, representing a 3.4% share of the country's GDP and a 5% increase from the previous year. This substantial investment underscores the Indian government's dedication to urbanization and infrastructure growth. In the United States, construction spending reached a seasonally adjusted annual rate of USD2,131.9 billion in August 2024, marking a 4.1% increase compared to August 2023. With a year-to-date construction spending of USD1,428 billion, the US construction sector is exhibiting strong growth.
Further, servo valves play a crucial role in fluid flow control and load motion applications, requiring only small electrical or mechanical inputs to deliver high power outputs. As directional control valves, they offer precise directional control and feedback sensing capabilities, making them indispensable in various industries, including manufacturing, oil and gas, and power generation.
Strategic partnerships among market companies is the upcoming trend in the market. The market is experiencing a notable trend towards strategic partnerships, as companies seek to integrate advanced manufacturing technologies and expand their production capabilities. One such collaboration is between a leading engineering technologies firm, Renishaw, and a high-performance hydraulic valve manufacturer, Domin. Announced in September 2024, this partnership involves Renishaw supplying Domin with an advanced metal additive manufacturing system. This system, based on innovative laser powder bed fusion (LPBF) technology, will be used to produce servo proportional hydraulic valves at a new technology center in the UK. LPBF technology is instrumental in reducing build times and ensuring high-quality output.
Moreover, with the integration of such advanced systems, servo valve manufacturers can enhance their production processes and meet the growing demand for high-precision valves in various industries. The use of closed-loop circuits in servo valves, which allow for precise control through feedback mechanisms, further contributes to their popularity. Additionally, the availability of auxiliary power sources ensures high power density and efficient operation in hydraulic systems.
Disruptions in supply chains of servo valves is a key challenge affecting market growth. The market encounters substantial challenges due to disruptions in international supply chains. The Red Sea, a vital trade route connecting Asia, Africa, and Europe, has experienced security concerns since 2023, with the first reported attack on an industrial ship. These issues have raised apprehensions within the transportation, logistics, and supply chain industries regarding potential supply chain disruptions, increased freight costs, extended shipping durations, and the reemergence of the bullwhip effect.
Further, the servo actuator, as a control element, plays a crucial role in ensuring continuous variation and responsiveness in these systems. Companies in the market must adapt to these geopolitical risks and ensure their supply chains remain resilient to mitigate potential disruptions.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Atos spa: The company offers servo valves such as DLHZO-TEB, DLKZOR-TEB, DHZO-T, and other servo valves.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Servo valves are essential components in fluid power systems, providing directional control with high precision. They convert electrical or mechanical inputs into accurate control of fluid flow, enabling load motion with minimal error. Servo valves come in various types, including mechanical and electrohydraulic, catering to different applications. Mechanical servo valves utilize linkages and mechanical control loops for position, velocity, and acceleration control. In contrast, electrohydraulic servo valves employ electrical control loops and feedback sensing devices for closed-loop control. These valves offer continuous variation in output, with proportional valves providing finer control through a command signal and error signal feedback.
Further, high-power servo valves are designed for heavy-duty applications, delivering high power density in hydraulic systems. Actuators, control elements, and force amplifiers work together in servo systems to achieve accurate control. Hydraulic fluid flows through a valve spool, which is actuated by the control element, and ultimately drives a hydraulic cylinder. Feedback link mechanisms, such as sliding sleeves or flapper nozzles, provide position feedback for closed-loop control. Servo valves are widely used in various industries, including hydraulic steering systems, for applications requiring high-precision control and force amplification.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
211 |
|
Base year |
2023 |
|
Historic period |
2018-2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 5.3% |
|
Market growth 2024-2028 |
USD 758.4 million |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
4.0 |
|
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
|
Performing market contribution |
APAC at 44% |
|
Key countries |
US, China, Japan, Germany, France, South Korea, UK, India, Italy, and Canada |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
Atos spa, Bosch Rexroth AG, Domin Ltd, Duplomatic MS S.p.A., Eaton Corp plc, Enfield Technologies, HAWE Hydraulik SE, Honeywell International Inc., Kawasaki Heavy Industries Ltd., Liebherr International AG, Moog Inc., NIRECO Corp, Oilgear, Parker Hannifin Corp., Schneider Servohydraulics GmbH, Star Hydraulics Ltd, Voith GmbH and Co. KGaA, Woodward Inc., and YUKEN KOGYO CO LTD |
|
Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
|
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Type
9 Market Segmentation by End-user
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
