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Atos spa
Bosch Rexroth AG
Duplomatic MS S.p.A.
Eaton Corp plc
HAWE Hydraulik SE
Honeywell International Inc.
Kawasaki Heavy Industries Ltd.
Liebherr International AG
Moog Inc.
NIRECO Corp
Oilgear
Parker Hannifin Corp.
Voith GmbH and Co. KGaA
Woodward Inc.
YUKEN KOGYO CO LTD
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KSA
Servo Valve Market 2024-2028
The servo valve market is forecasted to grow by USD 758.4 mn during 2023-2028, accelerating at a CAGR of 5.3% during the forecast period. The report on the servo valve market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing investments in construction sector, launch of new power plants, and expansion of aerospace industry.
Market Scope
Base Year 2024
End Year 2028
Series Year 2024-2028
Growth Momentum Accelerate
YOY 2024 4%
CAGR 5.3%
Incremental Value $758.4 mn
Technavio's servo valve market is segmented as below:
By Type
Electro hydraulic servo valves
Mechanical servo valves
By End-user
Industrial manufacturing
Aerospace
Oil and gas industry
Power
Others
By Geographical Landscape
APAC
North America
Europe
South America
Middle East and Africa
This study identifies the strategic partnerships among market vendors as one of the prime reasons driving the servo valve market growth during the next few years. Also, launch of proportional servo valves and digitalization to enhance control of hydraulic systems will lead to sizable demand in the market.
The report on the servo valve market covers the following areas:
Servo Valve Market sizing
Servo Valve Market forecast
Servo Valve Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading servo valve market vendors that include 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. Also, the servo valve market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
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 Geographical Landscape
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
3.3 Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
4.3 Market size 2023
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 Geographical Landscape 2023-2028 (%)
Data Table on Market share By Geographical Landscape 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 Geographical Landscape
Market opportunity By Geographical Landscape ($ million)
Data Tables on Market opportunity By Geographical Landscape ($ million)
12 Drivers, Challenges, and Opportunity/Restraints
12.1 Market drivers
12.2 Market challenges
12.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
12.4 Market opportunities/restraints
13 Competitive Landscape
13.1 Overview
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
14.1 Companies profiled
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
15.1 Scope of the report
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
15.5 Data procurement
15.6 Data validation
15.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
15.8 Data synthesis
15.9 360 degree market analysis
360 degree market analysis
15.10 List of abbreviations
List of abbreviations
Strong operational management
Expansion of market through acquisitions
Strong operational management
Strong geographic presence
Scope for greater market penetration
Strong geographic presence
Strong geographic presence
Expansion of market through acquisitions
Strong infrastructure base
Growing demand for the market
Strong infrastructure base
Economies of scale
Strong operational management
Expansion of service business
Economies of scale
Economies of scale
Expansion of market through acquisitions
Economies of scale
Growing demand for the market
Strong geographic presence
Strong operational management
Expansion of market through acquisitions