Technavio analyzes that the Servo Valve Market is expected to grow at a CAGR of 5.3% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 758.4 million.There are various factors that contribute to the growth of the market. The Servo Valve Market is experiencing significant growth due to increasing investments in the construction sector. With a surge in infrastructure development projects worldwide, the demand for precision control systems, such as servo valves, is on the rise. Servo valves offer superior control and efficiency, making them an essential component in various industrial applications, particularly in construction equipment and machinery. As the construction sector continues to expand, the Servo Valve Market is poised for continued growth.
In the servo valve market, electro-hydraulic servo valves (EHSVs) are a significant sector, recognized for their accuracy and trustworthiness in managing fluid flow and mechanical motion. Honeywell's EHSVs, for instance, employ an electrical command signal to regulate the flow of gases or liquids, thereby controlling the opening or closing of valves or actuator movement. This mechanism offers an efficient and dependable solution for fluid control in various industries, including aerospace and engines. An EHSV consists of two primary stages. The initial stage incorporates a torque motor that converts the electrical input signal into an electromagnetic force, actuating an armature to regulate fluid flow, such as pressurized fuel. In the second stage, the error signal, generated by comparing the command signal with the feedback signal from the process, is used to adjust the torque motor's position, ensuring precise control. Additionally, EHSVs may include an auxiliary power source for uninterrupted operation and boast high power density, making them suitable for hydraulic systems requiring compact, high-performance solutions.
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Servo Valve Market Segmentation
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Servo valves are directional control valves that provide accurate position, velocity, and acceleration control of fluid flow through small electrical or mechanical inputs. They are available as mechanical servo valves or hydraulic servo valves, which use hydraulic fluid and a valve spool to amplify force. Servo systems utilize closed-loop circuits for feedback sensing and continuous variation, while open-loop circuits rely on command signals. High power and high power density are achievable through actuators, force amplifiers, and auxiliary power sources. These valves function as control elements in servo systems, converting electrical or mechanical inputs into fluid flow motion, with applications in various mechanisms and linkages.
The Servo Valve Market is a significant segment of the larger Industrial Machinery and Supplies and Components Market. This market encompasses businesses manufacturing industrial machinery and components, including presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. According to Technavio, the market size is determined by the combined revenue generated by these manufacturers. Factors driving growth in the Industrial Machinery and Supplies and Components Market include expanding industrial production in process and discrete industries, necessitating capacity enhancements in sectors such as energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages in developing countries. Servo valves, which provide precise fluid flow control with small electrical or mechanical inputs, high power output, directional control, and feedback sensing capabilities, are essential components in numerous industrial applications.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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