The global electro hydraulic servo valve market was valued at US$ 1,898.2 Million in 2020 and is expected to surpass US$ 2,462.8 Million by 2028, registering a CAGR of 3.3% during the forecast period (2021-2028), according to the Global Electro Hydraulic Servo Valve Market Report, By Valve Type (Nozzle Flapper Valve, Jet Pipe Servo Valve, and Direct Drive Servo Valve), By Stage Type (Single-stage Servo Valve, Two-stage Servo Valve, and Multi-stage Servo Valve), By Application (Aerospace, Steel Industry, Power Industry, Chemical Industry, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East, and Africa), published by Coherent Market Insights.
Nozzle flapper servo valve is specifically employed to control flow or pressure of hydraulic fluids and to drive motors and actuators. The main advantages of the nozzle flapper electro hydraulic servo valve include simpler structure, precision manufacturing, and small inertia of baffle plate. Nowadays, jet pipe electro-hydraulic servo valve and nozzle flapper servo valve are the two kinds of servo valves, which are widely adopted in the air-force and aviation industry. Nozzle flapper servo valves are mainly used in aerospace applications such as turbine engine controls, military flight controls, hydraulic utilities, and braking applications.
For instance, Parker Hannifin Corp, a U.S.-based company specializing in motion and control technologies, offers SE05, SE10, and SE15 series two stage, 4-way, nozzle flapper style servo valves for applications in various industries such as defense, entertainment automation, factory automation, lumber & wood, miscellaneous industrial, miscellaneous manufacturing, miscellaneous processing, and power generation.
With the development of automation, digital technology, and communication technology, electro hydraulic servo valves are becoming more digital, integrated, and intelligent, in order to meet the requirements of Industry 4.0. Moreover, with the advantages of a high power density, and large force output, hydraulic transmission systems are widely used in industrial hydraulics and for mobile hydraulic machinery. Digital technologies can make electro hydraulic valves accessible to the embedded system and they are linked to computers or mobile terminals. With the integration of digital controllers and other hardware such as various transducers, the electro hydraulic servo valve’s functions could be customized and extensible. Integrated communication technology and management software are used for electro hydraulic valves, which allows online remote monitoring, controlling, managing, and fault diagnosis. Furthermore, intelligent diagnosis methods are used to identify the inner faults of electro hydraulic valves, which include data-based and model-based fault diagnosis methods.
Global Electro Hydraulic Servo Valve Market - Impact of Coronavirus (Covid-19) Pandemic
Due to COVID 10 pandemic aircraft manufacturers are cutting down the production capacities due to decreased demand for aircrafts and its components. This in turn is leading to decreasing demand for electro hydraulic servo valves in the aerospace industry. For instance, in August 2020, Boeing announced that it is reducing production of 787 aircraft from six aircraft per month to five aircraft per month by mid-2021. The 90% drop in international air travel in 2020, combined with the late-2020 outbreak in the COVID-19 pandemic, and caused Boeing to scale down 787 aircraft production.
Additionally, steel industry and chemical industry are two of the key end-use industries of the electro hydraulic servo valves. The COVID-19 pandemic has created the demand-supply imbalance in the steel and chemical industries. Chemical companies have been facing a situation of oversupply in certain market segments. The chemical industry plays an important role in the production of countless products such as plastic, fertilizers, medicines, and packaging products and so on. With the increasing spread of the coronavirus, many production facilities of several end-user industries of electro hydraulic servo valves have been halted. Therefore, there has negatively impacted the electro hydraulic servo valve market growth during the forecast period.
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