The US market dominated the North America Electro Hydraulic Servo Valve Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $398.8 million by 2031. The Canada market is experiencing a CAGR of 5.2% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 4.3% during (2024 - 2031).
Electro-hydraulic servo valves (EHSV) are precision devices used in hydraulic systems to control the flow and pressure of hydraulic fluid, which in turn controls the position, velocity, and force of hydraulic actuators or cylinders. EHSVs) find wide-ranging applications across various industries where precise control of hydraulic systems is essential.
Additionally, EHSVs are pivotal in controlling hydraulic systems used in robotics, CNC (Computer Numerical Control) machinery, material handling equipment, and assembly lines. These valves enable precise positioning, movement, and force control, improving productivity and operational efficiency.
The expansion of the aerospace sector in Canada has spurred increased requirements for advanced and dependable hydraulic systems. EHSVs are crucial components in aircraft for controlling various functions such as flight control surfaces, landing gear, and braking systems. As Canadian aerospace manufacturers produce more aircraft, the demand for these valves rises correspondingly. According to the Government of Canada, with a total budget of $250 million over three years (until March 31, 2024), the Aerospace Regional Recovery Initiative (ARRI) was delivered by Canada’s regional development agencies (RDAs).
List of Key Companies Profiled
- HAWE Hydraulik SE
- Honeywell International Inc.
- Eaton Corporation plc
- YUKEN KOGYO CO., LTD.
- Daikin Industries Ltd. (DUPLOMATIC MS Spa)
- Moog Inc.
- Illinois Tools Works, Inc. (MTS Systems Corporation)
- Atos spa
- Parker Hannifin Corporation
- Bosch Rexroth AG (Robert Bosch GmbH)
Market Report Segmentation
By Application- Aerospace
- Industrial
- Construction
- Oil & Gas
- Defense
- Others
- Nozzle Flapper Valve
- Jet Pipe Servo Valve
- Direct Drive Servo Valve
- Two-Stage Servo Valve
- Single-stage Servo Valve
- Multi-Stage Servo Valve
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Companies Mentioned
- HAWE Hydraulik SE
- Honeywell International Inc.
- Eaton Corporation plc
- YUKEN KOGYO CO., LTD.
- Daikin Industries Ltd. (DUPLOMATIC MS Spa)
- Moog Inc.
- Illinois Tools Works, Inc. (MTS Systems Corporation)
- Atos spa
- Parker Hannifin Corporation
- Bosch Rexroth AG (Robert Bosch GmbH)
Methodology
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