Press release
Electrically Powered Steering Belt Drive Market to Witness an Outstanding Growth By 2025
Electrically powered steering – belt drive systems market is an emerging automation market because of its applications in automobiles. Automobile industry is working on some new technologies which can convert the manual driving into an electric or wired one, and these systems have served as a small step in the future of automation. The belts used in these systems should be flexible, durable and reliable. Stretch belts are used in electrically powered systems because they can take the load off the components attached in the belt drive system and are more durable than serpentine belts. The belt drive systems consist of an electric motor, pulleys, rack and pinion system, torsion bar and steering column. An electric motor converts the torque into a force which is used to move the steering wheel. V belts and multi V belts are used whenever synchronous motion is not required in the system.
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Electrically powered steering - belt drive market: Drivers & Restraints
Electrically powered steering belt drive systems provide more space for packaging, lower inertia and a simple and efficient design for a wide range of automobiles. This serves as a driving force for the belt drive electrically powered steering systems. EPS belt drive consumes less power and is fuel efficient. They emit a lower percentage of carbon dioxide than other systems and are also named environment friendly systems. Their biggest advantage is that if the systems get failed then the steering can be moved manually and this lowers down the risk of accidents. EPS systems are economical they require less maintenance cost. EPS belt drive systems get easily heated, and so they can work on a specific temperature which serves as the biggest restraint in the EPS belt drive systems market. The latest trend which has gain popularity in these systems is the electrification of mechanical components. Efficiency and the speed of the components get increased on electrifying them.
Electrically powered steering - belt drive: Region wise Outlook
The electrically powered steering - belt drive market is divided into five regions, namely North America, Latin America, Asia-Pacific, Europe, and the Middle East and Africa (MEA). Electrically powered steering belt drive market is high in the mature markets like North America and Europe because of their continuous efforts in using advanced technologies and bringing it to the market. Asia Pacific and Latin America are at the initial stages of development excluding China and Japan and are getting familiar with these systems and have started incorporating the belt drive systems in their automobiles. China and Japan are working on the new technologies which they can add in these systems and are expected to grow in future. The Middle East and African countries have also started using these systems and are expected to grow in future.
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Electrically powered steering - belt drive market: Key Players
Some of the key players identified in electrically powered steering - belt drive market are:-
TRW
Dayco
Herald wheels
Motor mechanic
ZF Friedrichshafen AG
Others
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