Electric Power Steering Market Share Growth, Size Value, Trends, Regional outlook by 2030

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.

EPS removes the usage of various Hydraulic Power Steering components including the pump, fluid, hoses, pulley, and drive belt. Therefore, electric steering systems are lighter in weight and smaller in size, than the hydraulic power systems. Electric power steering systems are run with the assistance of a control unit and electric motor that is combined with sensors such as the torque sensor. The electric motor is battery run, and utilises the electric power to operate the steering movement when the driver turns the wheel of the vehicle. Electric systems are highly fuel efficient, due to the absence of belt-driven hydraulic or manual pumps, which run all the time, whether the help is required or not.

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