Electro Hydraulic Servo Valve Market : size, growth, industry share, forecast and analysis report by 2023

According to the new market research report by IndustryARC titled “Electro-Hydraulic Servo Valve Market: By Product (Single Stage, Double Stage, etc.); By Type (Nozzle Flapper, Jet Pipe, Deflector Jet); By Application (Aerospace, Industrial, Mobile/Marine); By Phase Lag; By Geography – (2018-2023)”, the market is driven by the utilization of industrial robots across the vertical along with the rising demand for valves from the aerospace and defence industry for braking, steering, and flight control. The market is expected to grow at a CAGR of 3.85% and reach $1.63 billion by 2023.

Europe dominates the Electro Hydraulic Servo Valve Market

Europe has a major share of 42% in the Electro Hydraulic Servo Market. North America and the Asia Pacific region follow the suit. The region will grow at a CAGR of 3.13% and reach $660.5 million by 2023. The market is more prominent in countries such as Germany, US, UK, Canada, and China. This is due to their cost-effectiveness in industrial applications. The key players such as Boeing and Lockheed Martin Aeronautics of aerospace and defense sectors in North America escalate the growth of hydraulic valves in the region.

In Canada, electro hydraulic servo valves are used in turbines to control the steam, fuel, water discharge, and other applications. They are also used in machine tools for controlling the workpiece. The growing demand for machine tools in the construction and automotive industries will enhance the growth of the electro-hydraulic servo valves in the region.
The iron and steel industry in Mexico employs servo valve and metal processing and machine tools. The growing demand from the iron and steel industry due to the demand from construction industries will drive the growth of the market in Mexico.

Selected Regulatory Analysis done in the Electro Hydraulic Servo Valve Market report

The hydraulic servo valve is employed in robotic applications to control the actuators. Growing use of industrial robots for welding, painting, assembling, and material handling in different industries is bolstering the growth of the Electro Hydraulic Servo Valve Market. Metal processing machines such as mechanical presses, machine tools, and rolling mills have evolved from conventional mechanical control to CNC to improve speed, efficiency, and accuracy.
Computer numeric electro flow control valve can control various actuation functions in machines such as roller height adjustment in rolling machines, hammer drop in presses, and spindle/tool holder movement in machine tools. In earthquake simulation, seismic simulators incorporate electro hydraulic servo valves which actuate the machine’s movable platform to create vibrations like earthquakes.

To Access/Purchase the Electro Hydraulic Servo Valve Market report please browse the link below:
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Excerpts on Electro Hydraulic Servo Valve Market Growth Factors

• The miniature electric hydraulic valve is employed in industrial robots for motion control such as control of leg motion, joint motion, and arm motion. It is used in the robots which are used for material handling, painting, welding, and other automated industrial processes. The increasing demand for industrial robots in automation enhances the growth of the market.
• In the aerospace industry, the directional control valve is used in the engine control system of the aircraft. It is also used for flight control, thrust vector control, and missile control application. Flight simulators also employ these valves for actuation of motion and control loading simulation.
• The hydraulic proportional valve is even used in material test machines, active suspension systems, mining machinery, and mill equipment.

Key Players of the Electro Hydraulic Servo Valve Market

Moog provides proportioning valves that are used in industrial and marine applications. The main application includes basic metal processing, fatigue, material testing, rubber processing, robotics, etc. Rexroth Bosch Group produces two-directional electro hydraulic servo valves suited for closed-loop controlling of force, velocity, and pressure. Parker Hanfinn Corporation offers diverse electro hydraulic servo valves that are used in industrial and mobile machinery performance.
Aviation Industry Corporation of China (AVIC)
Honeywell International Inc
Schneider Kreuznach
Eaton Corporation Plc
Oilgear Company
Voith GmbH

Electro Hydraulic Servo Valve Market is segmented as below

The low-cost solution for industrial and other low-level applications in recent times has bolstered the growth of the Electro Hydraulic Servo Valve during the forecast period.
• Electro Hydraulic Servo Valve Market by product
1.Single stage
2.Double stage
3. Others
• Electro Hydraulic Servo Valve Market by type
1. Nozzle Flapper Valve
2. Jet Action Valve
3. Others (Dynamic Valve)
• Electro Hydraulic Servo Valve Market by application
1. Industrial
2. Mobile/Marine
3. Aerospace & Defense
4. Others
• Electro Hydraulic Servo Valve Market by geography(covers 13+ countries)
• Electro Hydraulic Servo Valve Market by entropy
• Company Profiles
• Appendix: Abbreviations, Sources, Research Methodology, Bibliography, Compilation of Experts, Disclaimer.

What can you expect from the report?

The Electro Hydraulic Servo Valve Market Report is Prepared with the Main Agenda to Cover the following 20 points:
1. Market Size by Product Categories
2. Market trends
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End-user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Demand Analysis (By Revenue & Volume)
12. Country-level Analysis (15+)
13. Competitor Analysis
14. Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Strategic Analysis
18. Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Revenue and Volume Analysis

Any other custom requirements can be discussed with our team; we can provide a separate quote based on your requirement. You can drop in an e-mail to sales@industryarc.com to discuss more about our consulting services.

Media Contact:

Mr. Venkat Reddy
Sales Manager
Email 1: sales@industryarc.com
Or Email 2: venkat@industryarc.com
Contact Sales: +1-614-588-8538 (Ext-101)

About IndustryARC:

IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare.

Electric Wheelchair Market is anticipated to hit $4.29 billion by 2023 at a CAGR of 13.4%

According to the new market research report by IndustryARC titled “Electric wheelchair Market: By Type (Center Wheel Drive Electric Wheelchair, Front Wheel Drive Electric Wheelchair, Standing Electric Wheelchair, Rear Wheel Drive Electric Wheelchair, Others) & By Geography-Forecast (2017 – 2022)”, the market is driven by the increasing aging population coupled with the rise in the population who are in need of wheelchair that has been elevating the demand for these wheelchairs in the recent years.

Americas held the largest market share in the Electric wheelchair Market

Americas region holds the largest market share and growth in the Electric wheelchair Market and is anticipated to reach $1.75 billion by 2023 at a CAGR of 11.8%. However, Europe witnesses the highest growth during the forecast period and is expected to reach $1.57 billion by 2023 at a CAGR of 15.9%. The U.S. is one of the technically advanced countries in the Americas region. According to the National SCI database, the number of people in the U.S. who are alive with spinal cord injuries is about 282,000, and these factors will likely drive the demand for the market.

Selected Impact Analysis done in the full report

• Surge in ageing demographic (population above 60 years age): The global increase in the ageing demographic is set to drive the electric wheelchair market in the future. The changing lifestyle of the old age population in developing economies preferring independent living is set to witness prominent growth opportunity for the electric wheelchair market in the future.
• Growing rate of road traffic accidents in the APAC region: The gigantic population in this region is resulting in a significant increase in on-road vehicles. The busy lifestyle and tremendous road traffic in the rush hours are resulting in high-speed driving amidst traffic jams. This single reason has intensified road accidents, leading to several cases of permanent disabilities as well. This is one of the major factors analyzed to drive the electric wheelchair market in this region.
• Blooming investments in the medical sector: The prominent increase in investments in the medical sector since the past decade is set to lead major breakthroughs. Biomechanics and mobility are one of the major fields has been witnessing numerous advancements to improve the comfort, agility, reliability of these mobility aids. The anatomy of the human body, especially for physically disabled patients, are more extensively examined to develop such wheelchairs which could provide more comfort and ease of operability for even severely disabled patients. This is set to drive the electric wheelchair market in the future.
• Increasing share of people with disability, illness, and impairment: The gradual increase in population with long-term illness, disability and impairment due to old age, accidents and hereditary, is poised to drive the electric wheelchair market in the future. And this is further set to be assisted by the growing public awareness of powered mobility aids in the developing economies, with a higher share of the disabled population.
• Growing healthcare expenditure in developing economies: The increasing disposable income of the middle-class population in the developing economies is resulting in a significant increase in healthcare expenditures. Along with the patients with critical physical disability, non-disabled old age population is gradually adopting electric wheelchairs in order to be self-dependent in their daily activities. This is set to propel the electric wheelchair market growth during the forecast period 2017-2022.
• High Cost of the electric chairs: The high cost of electric powered wheelchairs with respect to manual wheelchairs are poised to pose a tough challenge to the market, especially for aged customers in developing economies, where health care expenditures are prominently lower than the developed economies. But apart from the initial cost, there are other costs related to the maintenance of these powered mobility aids such as battery maintenance, servicing and others for uninterrupted operation. This further impedes its adoption, unless it’s a case of severe physical disability.
• Stringent safety and quality regulations: The increasing stringency on quality assurance of these chairs for uncompromised safety and operation is also analyzed to be a constraint to the market growth. The new entrants or new products so developed must be in compliance with the regulations before its introduction to the market. In the Americas and European region, these regulations are being made more stringent to avoid the wheelchair failure and ensuring hassle-free operation during the product’s period of service. This poses a significant challenge for market growth as the new products must be in compliance with several safety regulations, thereby increasing its cost and hindering its adoption.

To access/purchase the full report browse the link below
https://industryarc.com/Report/16307/electric-wheelchair-market.html

Excerpts on Market Growth Factors

• Along with the growing elderly population, there is also a brisk rise in the demand for the advanced wheelchairs from the sports industry for conducting sports events for physically challenged persons, which in turn have been fueling the demand for electric wheelchairs market in the past few years.
• Increased emphasis on the development of medical devices has paved the way for the evolution of the electric wheelchair to assist the baby boomers in their movements.
• As per the International Journal of multidisciplinary sciences and engineering organization publications, the number of people who are in need of wheelchair is estimated to increase by over 22% during the next decade, owing to the rise in the number of population over 65 years and increasing number of spine injuries during vehicle accidents.
• Other key factors including growing healthcare expenditure in developing countries, increasing share of people with disability, illness, and impairment alongside booming investments in the medical sector, surge in ageing demographic.
• The advanced powered wheelchairs are analyzed to witness prominent growth opportunity in the market during the forecast period 2017-2022, especially for pediatric and geriatric patients.
• Standing electric wheelchair segment is projected to reach $218.3 million by the end of 2022, growing at a CAGR of 10.6% during the period 2015-2022, owing to increase in the spinal cord injuries due to active sports and road accidents resulting to permanent disabilities.

Key players of Electric Wheelchair Market:

• The key players of the market include Permobil AB (Sweden), Invacare Corporation (U.S.), Sunrise Medical Corporation (U.K.), Pride Mobility Products Corporation (U.S.), Ottobock Healthcare (Germany).
• Permobil AB is analyzed to be the dominant player in the Electric Wheel Chairs Market.
• Invacare Corporation and Sunrise Medical stood next, in second and third positions respectively.
• Invacare Corporation and Meyra GmbH are the leading companies in the patents section, followed by various other companies such as Levo AG, Opropedia GmbH and some others in the Electric Wheel Chair Market.

Electric Wheel Chair Market Report is segmented as indicated below

• Electric Wheelchair Market By Type:
1. Centre Wheel Drive Electric Wheelchair
2. Front Wheel Drive Electric Wheelchair
3. Standing Electric Wheelchair
4. Rear Wheel Drive Electric Wheelchair
5. Others
• Electric Wheelchair Market By Geography (Covers 12 + Countries)
• Electric Wheelchair Market By Entropy

Companies Cited/Referenced/Interviewed:

• Electric Mobility Euro Ltd
• Hoveround Corporation
• Permobil AB
• Invacare Corporation
• Sunrise Medical Corporation
• Pride Mobility Products Corporation
• Ottobock Healthcare
• Meyra GmbH
• Company 9
• Company 10+

What can you expect from the report?

The Electric Wheelchair Market is Prepared with the Main Agenda to Cover the following 20 points:
1. Market Size by Product Categories
2. Market trends
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End-user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Demand Analysis (By Revenue & Volume)
12. Country-level Analysis (15+)
13. Competitor Analysis
14. Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Strategic Analysis
18. Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Revenue and Volume Analysis

Any other major customizations can be discussed with our team, we can provide a separate quote based on your requirement. You can drop in an e-mail to sales@industryarc.com to discuss more about our consulting services.

Media Contact:

Mr. Venkat Reddy
Sales Manager
Email 1: sales@industryarc.com
Or Email 2: venkat@industryarc.com
Contact Sales: +1-614-588-8538 (Ext-101)

About IndustryARC:

IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare.

Electric Vehicle Wireless Charging Market value is projected to grow from $9million in2017to $1294million by 2023

In the report “Electric Vehicle Wireless Charging Market By Vehicle (PHEV, HEV, BEV); By Market (Aftermarket, OEM), By Power Supply Range (3-<11 kW, 11-50 kW, and > 50 kW), By Charging (Stationary and Dynamic), By Component, By System & Geography – Forecast (2018-2023)", published by IndustryARC, the wireless electric vehicle charging market is set to make electric vehicle more convenient and futuristic,without the need for plug-in cables or adaptors.

In the report “On the global EV outlook 2018”, it is highlighted that the electric vehicles supply equipment (EVSE) outlets had surpassed 2 million in 2017.The Wireless charging systems tend to be around 90% efficient when in use.Rising deployment of charging stations across the globe is another major factor driving the growth of the wireless charging market.

North America with major share in the Electric Vehicle Wireless Charging Market

North America is set to dominate the Electric Vehicle Wireless Charging Market with a value share of 89% in 2016. In the Asia-Pacific, trials are being conducted to test dynamic charging, a wireless charger technology that can power the battery of electric vehicles while moving. APAC is estimated to grow prominently with a CAGR of 96.09% during 2018-2023, owing to the increasing deployment of electric vehicles in countries such as China, Korea, Japan and India. According to IEA, in 2016, China is the largest electric car’s market that has accounted for more than 40% of the electric cars sold in the world.Automotive wireless charging has witnessed a surge in demand for electric vehicles in the coming years,coupled with the rising number of investments related to the development of better charging systems from Government as well as the public sector.

Selected Charging Type Analysis done in the Electric Vehicle Wireless Charging Market Report:

Wireless power transfer for electric vehicles are gaining momentum when compared to wired power charging, resulting in the inconveniences caused by the wired PEV that includes mechanical, electrical hazards, and others, thus creating a huge opportunity for the growth of the lucrative market.Recently, wireless power charging of electric vehicles is gaining huge momentum owing to the rising demand for electric mass transportation means like electric trains, buses, utility vehicles, and many others.In 2023, Dynamic charging type electric vehicles value is anticipated to generate revenues of $67.39M with a CAGR of 92.16% in the forecast period.
According to the IEEE journal based on economic analysis of the dynamic charging electric vehicle, the total cost comparison of the stationary charging system and dynamic charging system is calculated for eighteen buses, which are operated for 10 years. The total cost of the stationary charging EV system is $11.83 million, whereas the dynamic charging EV system needs $9.37 million.Thus,the dynamic charging system requires more investments on the power tracks than the stationary charging system.Stationary charging electric vehicles are anticipated to reach a revenue of $1231 million by 2023, growing at a CAGR of 97.66% throughout the forecast period 20182023.

To access / purchase the Electric Vehicle Wireless Charging Market report browse the link below
https://industryarc.com/Report/18529/wireless-electric-vehicle-charging-market.html

Excerpts on Electric Vehicle Wireless Charging Market Growth Factors

• New governmental incentives globally are projected to enhance EV adoption and technology development across all the parts of the globe.
• Future electric vehicles could recharge wirelessly while driving. While driving on the highway, drawing wireless power directly from plates installed in the road would make it possible to drive for miles without having to plug-in and this on-board battery wireless will drive the adoption rate.
• Wireless charging stations are being developed as a part of government initiative programs and EV manufacturers are being involved in the development of wireless charging spots in the parking locations.
• Electric vehicle manufacturers are installing vehicle’s wireless charging systems in oil and gas stations for easy charging, and this is to enhance the sales of auto wireless charger.

Key players of the Electric Vehicle Wireless Charging Market

Qualcomm Inc., BMW AG, Hella Aglai Mobile Vision, Evatran Group, Toyota Kirloskar Group, Dailmer AG, Bombardier, and OLEV Technologies are some of the key players of global wireless electric vehicle charging systems in the electric vehicles market.Advent of new companies will drive innovations since the key players will strive to maintain their dominance.EV wireless charging market witnessed a large number of collaborations and agreements in the mentioned period. TDK, Qualcomm joint venture,and Momentum Dynamics Corporation launching zero emission electrified bus transportation with wireless technology are the recent merger and developments in the public sector that is driving the growth.

Electric Vehicle Wireless Charging Market report is segmented as below

The global Electric Vehicle Wireless Charging Market study across various end user industries is incorporated in the report:
A. Electric Vehicle Wireless Charging Market By Type
1. PHEV
2. HEV
3. BEV
B. Electric Vehicle Wireless Charging Market By Power Supply
1. 3-<11 kW
2. 11-50 kW
3. > 50 kW
C. Electric Vehicle Wireless Charging Market By Charging
1. Stationary
2. Dynamic
D. Electric Vehicle Wireless Charging Market by Geography (covers 10+ countries)
E. Electric Vehicle Wireless Charging Market Entropy

Companies Cited / Interviewed

1. Witricity Corporation
2. Hevo Inc.
3. TDK Corporation
4. Momentum Dynamics Corporation
5. Plugless Power
6. Mojo Mobility
7. Toshiba Corporation
8. Company 8
9. Company 9
10. Company 10+

What can you expect from the report?

The Electric Vehicle Wireless Charging Market Report is Prepared with the Main Agenda to Cover the following 20 points:
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis

Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

Media Contact:

Mr. Venkat Reddy
Sales Manager
Email 1: sales@industryarc.com
Or Email 2: venkat@industryarc.com
Contact Sales: +1-614-588-8538 (Ext-101)

About IndustryARC:

IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare.