|
Home | Technology News Search Engine:
|
|
|
|
Home: Technology News:
|
|
|
(IT-NEWSWIRE.COM, September 06, 2019 ) Market Overview
• APAC is projected to lead the electric power steering market during the forecast period (2019-2026) due to growing vehicle production in developing countries like China, India, etc. The North American and European markets are expected to grow at a steady pace during the forecast period (2019-2026). The US is the leading adopter of electric power steering system in automobiles. The major players in Global Electric Power Steering Market are Nexteer, Robert Bosch, Delphi, Mitsubishi Electric and many others.
Market Dynamics
• The major growth drivers for the market are the Increasing technological advancements, increasing vehicle production, measures taken by OEMs worldwide to reduce the weight of the vehicle, increasing number of government norms and mandates related to fuel-efficient technologies.
Market Segmentation
• By Product
Nexteer is developing Automotives Column Assist EPS integrates the system electronics (motor, controller, and sensor) and they assist mechanism with the steering column. Electric Power Assist Steering systems employ a pinion torque sensor, between the pinion and steering column, to determine the amount of the torque required to the driver. The electric power steering is saving approximately 4%-5% of the consumption of fuel since it does not draw much engine capacity compared to the hydraulic steering.
• By Vehicle Type
During 2016, the passenger cars segment accounted for the major shares and dominated the electric power steering market. The ZF Lenksysteme Servolectric, which is designed for optimum fuel consumption in light commercial vehicles, is now also conquering high-volume in LCV business sector. More than 40 million Servolectric power steering systems had already been produced.
Key market segments covered
By Product
• Steering Column
• Steering Vehicle
• Sensors
• Electronic Control Unit
• Electric motor and bearings
By Vehicle type
• Light Cars
• Commercial vehicles
• Light Commercial vehicles
• Heavy Commercial Vehicles
By Region
• Asia Pacific
• Europe
• North America
• South America
• Rest of the World
Company profiles
• Robert Bosch
• Delphi
• Hyundai Mobis
• Others
View full sample report: https://www.datamintelligence.com/research-report/electronic-power-steering-market
Download free sample: https://www.datamintelligence.com/download-sample/electronic-power-steering-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
DataM Intelligence
Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
Source: EmailWire.Com 
Source: EmailWire.com
|
|
|
|
|
Technology News Headlines
|
|
|
|
|
Technology Business Video Feed
|
|
More Technology Video Feeds
|
|
|
