Servo Valve Market Size 2024-2028
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 several key factors. The increasing investments in the construction sector, particularly in North America, are driving demand for servo valves in hydraulic systems. These valves are essential components in various machinery used in construction, such as hydraulic cylinders and mechanical servo valves. 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. Strategic partnerships among market companies are also contributing to market growth, as they facilitate technology advancements and enhance the competitive landscape. Disruptions in the supply chains of servo valves, however, pose a challenge to market growth. The use of feedback link and force amplifier mechanisms in servo valves ensures precise control of hydraulic fluid flow, making them an indispensable part of various industrial applications.
What will be the Size of the Market During the Forecast Period?
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
5 Historic Market Size
- 5.1 Global Servo Valve Market 2018 - 2022
- Historic Market Size - Data Table on Global Servo Valve Market 2018 - 2022 ($ million)
- 5.2 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
- 5.3 End-user segment analysis 2018 - 2022
- Historic Market Size - End-user Segment 2018 - 2022 ($ million)
- 5.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- 5.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)
6 Qualitative Analysis
- 6.1 Impact of AI on the Global Servo Valve Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 7.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
8 Market Segmentation by Type
- 8.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
- 8.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 8.3 Electro hydraulic servo valves - Market size and forecast 2023-2028
- Chart on Electro hydraulic servo valves - Market size and forecast 2023-2028 ($ million)
- Data Table on Electro hydraulic servo valves - Market size and forecast 2023-2028 ($ million)
- Chart on Electro hydraulic servo valves - Year-over-year growth 2023-2028 (%)
- Data Table on Electro hydraulic servo valves - Year-over-year growth 2023-2028 (%)
- 8.4 Mechanical servo valves - Market size and forecast 2023-2028
- Chart on Mechanical servo valves - Market size and forecast 2023-2028 ($ million)
- Data Table on Mechanical servo valves - Market size and forecast 2023-2028 ($ million)
- Chart on Mechanical servo valves - Year-over-year growth 2023-2028 (%)
- Data Table on Mechanical servo valves - Year-over-year growth 2023-2028 (%)
- 8.5 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)
9 Market Segmentation by End-user
- 9.1 Market segments
- Chart on End-user - Market share 2023-2028 (%)
- Data Table on End-user - Market share 2023-2028 (%)
- 9.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
- 9.3 Industrial manufacturing - Market size and forecast 2023-2028
- Chart on Industrial manufacturing - Market size and forecast 2023-2028 ($ million)
- Data Table on Industrial manufacturing - Market size and forecast 2023-2028 ($ million)
- Chart on Industrial manufacturing - Year-over-year growth 2023-2028 (%)
- Data Table on Industrial manufacturing - Year-over-year growth 2023-2028 (%)
- 9.4 Aerospace - Market size and forecast 2023-2028
- Chart on Aerospace - Market size and forecast 2023-2028 ($ million)
- Data Table on Aerospace - Market size and forecast 2023-2028 ($ million)
- Chart on Aerospace - Year-over-year growth 2023-2028 (%)
- Data Table on Aerospace - Year-over-year growth 2023-2028 (%)
- 9.5 Oil and gas industry - Market size and forecast 2023-2028
- Chart on Oil and gas industry - Market size and forecast 2023-2028 ($ million)
- Data Table on Oil and gas industry - Market size and forecast 2023-2028 ($ million)
- Chart on Oil and gas industry - Year-over-year growth 2023-2028 (%)
- Data Table on Oil and gas industry - Year-over-year growth 2023-2028 (%)
- 9.6 Power - Market size and forecast 2023-2028
- Chart on Power - Market size and forecast 2023-2028 ($ million)
- Data Table on Power - Market size and forecast 2023-2028 ($ million)
- Chart on Power - Year-over-year growth 2023-2028 (%)
- Data Table on Power - Year-over-year growth 2023-2028 (%)
- 9.7 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ million)
- Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
- 9.8 Market opportunity by End-user
- Market opportunity by End-user ($ million)
- Data Table on Market opportunity by End-user ($ million)
10 Customer Landscape
- 10.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Geographic Landscape
- 11.1 Geographic segmentation
- Chart on Market share by geography 2023-2028 (%)
- Data Table on Market share by geography 2023-2028 (%)
- 11.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 11.3 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 11.4 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 11.5 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 11.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
- 11.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 11.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 11.9 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
- 11.10 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 11.11 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 11.12 South Korea - Market size and forecast 2023-2028
- Chart on South Korea - Market size and forecast 2023-2028 ($ million)
- Data Table on South Korea - Market size and forecast 2023-2028 ($ million)
- Chart on South Korea - Year-over-year growth 2023-2028 (%)
- Data Table on South Korea - Year-over-year growth 2023-2028 (%)
- 11.13 France - Market size and forecast 2023-2028
- Chart on France - Market size and forecast 2023-2028 ($ million)
- Data Table on France - Market size and forecast 2023-2028 ($ million)
- Chart on France - Year-over-year growth 2023-2028 (%)
- Data Table on France - Year-over-year growth 2023-2028 (%)
- 11.14 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
- 11.15 India - Market size and forecast 2023-2028
- Chart on India - Market size and forecast 2023-2028 ($ million)
- Data Table on India - Market size and forecast 2023-2028 ($ million)
- Chart on India - Year-over-year growth 2023-2028 (%)
- Data Table on India - Year-over-year growth 2023-2028 (%)
- 11.16 Italy - Market size and forecast 2023-2028
- Chart on Italy - Market size and forecast 2023-2028 ($ million)
- Data Table on Italy - Market size and forecast 2023-2028 ($ million)
- Chart on Italy - Year-over-year growth 2023-2028 (%)
- Data Table on Italy - Year-over-year growth 2023-2028 (%)
- 11.17 Canada - Market size and forecast 2023-2028
- Chart on Canada - Market size and forecast 2023-2028 ($ million)
- Data Table on Canada - Market size and forecast 2023-2028 ($ million)
- Chart on Canada - Year-over-year growth 2023-2028 (%)
- Data Table on Canada - Year-over-year growth 2023-2028 (%)
- 11.18 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
12 Drivers, Challenges, and Opportunity/Restraints
- 12.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 12.4 Market opportunities/restraints
13 Competitive Landscape
- 13.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 13.3 Landscape disruption
- Overview on factors of disruption
- 13.4 Industry risks
- Impact of key risks on business
14 Competitive Analysis
- 14.2 Company ranking index
- 14.3 Market positioning of companies
- Matrix on companies position and classification
- 14.4 Atos spa
- Atos spa - Overview
- Atos spa - Product / Service
- Atos spa - Key offerings
- SWOT
- 14.5 Bosch Rexroth AG
- Bosch Rexroth AG - Overview
- Bosch Rexroth AG - Product / Service
- Bosch Rexroth AG - Key offerings
- SWOT
- 14.6 Duplomatic MS S.p.A.
- Duplomatic MS S.p.A. - Overview
- Duplomatic MS S.p.A. - Product / Service
- Duplomatic MS S.p.A. - Key offerings
- SWOT
- 14.7 Eaton Corp plc
- Eaton Corp plc - Overview
- Eaton Corp plc - Business segments
- Eaton Corp plc - Key news
- Eaton Corp plc - Key offerings
- Eaton Corp plc - Segment focus
- SWOT
- 14.8 HAWE Hydraulik SE
- HAWE Hydraulik SE - Overview
- HAWE Hydraulik SE - Product / Service
- HAWE Hydraulik SE - Key offerings
- SWOT
- 14.9 Honeywell International Inc.
- Honeywell International Inc. - Overview
- Honeywell International Inc. - Business segments
- Honeywell International Inc. - Key news
- Honeywell International Inc. - Key offerings
- Honeywell International Inc. - Segment focus
- SWOT
- 14.10 Kawasaki Heavy Industries Ltd.
- Kawasaki Heavy Industries Ltd. - Overview
- Kawasaki Heavy Industries Ltd. - Business segments
- Kawasaki Heavy Industries Ltd. - Key offerings
- Kawasaki Heavy Industries Ltd. - Segment focus
- SWOT
- 14.11 Liebherr International AG
- Liebherr International AG - Overview
- Liebherr International AG - Product / Service
- Liebherr International AG - Key news
- Liebherr International AG - Key offerings
- SWOT
- 14.12 Moog Inc.
- Moog Inc. - Overview
- Moog Inc. - Business segments
- Moog Inc. - Key news
- Moog Inc. - Key offerings
- Moog Inc. - Segment focus
- SWOT
- 14.13 NIRECO Corp
- NIRECO Corp - Overview
- NIRECO Corp - Business segments
- NIRECO Corp - Key offerings
- NIRECO Corp - Segment focus
- SWOT
- 14.14 Oilgear
- Oilgear - Overview
- Oilgear - Product / Service
- Oilgear - Key offerings
- SWOT
- 14.15 Parker Hannifin Corp.
- Parker Hannifin Corp. - Overview
- Parker Hannifin Corp. - Business segments
- Parker Hannifin Corp. - Key news
- Parker Hannifin Corp. - Key offerings
- Parker Hannifin Corp. - Segment focus
- SWOT
- 14.16 Voith GmbH and Co. KGaA
- Voith GmbH and Co. KGaA - Overview
- Voith GmbH and Co. KGaA - Business segments
- Voith GmbH and Co. KGaA - Key news
- Voith GmbH and Co. KGaA - Key offerings
- Voith GmbH and Co. KGaA - Segment focus
- SWOT
- 14.17 Woodward Inc.
- Woodward Inc. - Overview
- Woodward Inc. - Business segments
- Woodward Inc. - Key news
- Woodward Inc. - Key offerings
- Woodward Inc. - Segment focus
- SWOT
- 14.18 YUKEN KOGYO CO LTD
- YUKEN KOGYO CO LTD - Overview
- YUKEN KOGYO CO LTD - Product / Service
- YUKEN KOGYO CO LTD - Key offerings
- SWOT
15 Appendix
- 15.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 15.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 15.4 Research methodology
- 15.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 15.9 360 degree market analysis
- 360 degree market analysis
- 15.10 List of abbreviations
- List of abbreviations
- o Strong operational management
- o Expansion of market through acquisitions
- o Strong operational management
- o Strong geographic presence
- o Scope for greater market penetration
- o Strong geographic presence
- o Strong geographic presence
- o Expansion of market through acquisitions
- o Strong infrastructure base
- o Growing demand for the market
- o Strong infrastructure base
- o Economies of scale
- o Strong operational management
- o Expansion of service business
- o Economies of scale
- o Economies of scale
- o Expansion of market through acquisitions
- o Economies of scale
- o Growing demand for the market
- o Strong geographic presence
- o Strong operational management
- o Expansion of market through acquisitions