Electro Hydraulic Power Steering Market Overview
The global electro-hydraulic power steering market is anticipated to register a CAGR of over 8% during the forecast period (2020-2025). Electro-hydraulic hybrid systems allow conventional hydraulic steering to run without the need of an engine-driven hydraulic pump. The hydraulic pressure instead is supplied by an electric motor pump unit that does not draw power from the engine. This concept is particularly helpful in vehicles that utilize conventional hydraulic steering as a basic technology but are also offered for hybrid-electric vehicle variants. Many auto manufactures and OEMs, such as Bosch, Nexteer, Ford, Nissan, etc., are increasingly researching and adopting EPS in their upcoming vehicles, which may deter the growth of electro-hydraulic systems.
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Electro Hydraulic Power Steering Market – Geographical Overview
India is a huge market for vehicles, such as heavy trucks, construction machinery, and agricultural machinery. Electro-hydraulic power steering systems are employed in the majority of these vehicles within the country. A hydraulic power-assist steering system proposed by Tata Motors from India features a magnetic clutch between the engine and steering pump so that the pump could work only on-demand, which reduces energy consumption. This simple strategy is now being implemented in heavy-duty vehicles.
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Key Highlights of the Electro Hydraulic Power Steering Market
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Mordor Intelligence has segmented the global electro hydraulic power steering market on the basis of component type, vehicle type, and geography:
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