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Automotive Electronic Power Steering Market to 2017 – 2022: Sona Koyo, Hitachi Automotive, ThyssenKrupp Presta, Showa Cheap Men's Fluorescent Green Volt Nike Air Max 270 , KSR International Company

by chhidami12 · January 29, 2019


Researchmoz added Most up-to-date research on “Automotive Electronic Power Steering Market – Global Industry Analysis, Size, Share, Growth Cheap Men's Nike Air Max 270 Royal Blue Orange , Trends and Forecast 2017 – 2022” to its huge collection of research reports.


Global Automotive Electronic Power Steering Market: Overview


The world automotive electronic power steering (EPS) market is prognosticated to showcase an enhanced growth due to the shift from the previous technology to EPS systems. This could be on account of the urgent need to find fuel-efficient solutions followed by the global fuel crisis. Independence from the combustion engine and the usage of alternator for sourcing power are envisaged to have assisted the new EPS technology to overshadow the conventional steering system.


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Global Automotive Electronic Power Steering Market: Dynamics


Technological advancements are forecasted to be at the forefront of the world automotive EPS market. Several companies are making their individual contribution toward the growth of technology in the market. For instance, the SPIDAN power steering system developed by GKN PLC uses remanufactured replacement components to ensure the preservation of natural resources. It also helps in decreasing carbon dioxide emission and fuel consumption. Moreover, it boasts of intelligent energy management. Another instance could be Hitachi Automotive Systems Co. Ltd. and Nissan collaborating to develop a new electro-hydraulic power steering system.


The rapid rise in vehicle-owning households and worldwide population are projected to play a significant role in the substantial increase in automotive vehicle production. Today, the EPS systems market is said to have surpassed the traditional hydraulic steering in less than two decades. Advantages such as lower fuel consumption, high durability Cheap Nike Air Max 270 Men's White Volt , improved response at different speeds, low maintenance, and lower weight coupled with simple architecture could fuel the adoption of EPS over hydraulic systems. This, in turn, could fuel the demand in the world automotive EPS market.


Global Automotive Electro