Electric Power Steering Market Size, Share, Sales, Analysis, Forecast, Industry Competition & Player Profiles 2020 - 2030

in electric •  4 years ago 

The electric power steering (EPS) systems are a highly fuel efficient alternative to the traditional steering systems, the hydraulic and electro-hydraulic systems. The major factor that is contributing to the growth of the Electric Power Steering Market across the world is the rising popularity of self-driven vehicles. Vehicles that come with electric power steering, are observed to have a reduced overall weight, which increases the fuel efficiency. Electric power steering operates by an electric motor to steer the wheel while hydraulic power steering uses a pump that is integrated with an oil tank. The usage of the pump in hydraulic power steering places a load on the vehicle’s engine, which causes an adverse effect on the fuel consumption and overall vehicle performance. Electric power steering systems provide torque which is applied to the steering wheel used to drive the vehicle.

Read More@https://www.insightslice.com/electric-power-steering-market

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