
EPS Power, commonly referred to as EPS (Electric Power Steering), is a technology that uses an electric motor to assist the driver when turning the steering wheel. Unlike traditional hydraulic power steering systems, which rely on a hydraulic pump driven by the engine, EPS uses an electric motor to provide the necessary torque to turn the wheels. In an EPS system, the amount of assistance provided to the driver is variable and can be controlled more precisely by an onboard computer. This computer receives inputs from sensors monitoring the vehicle's speed, steering angle, and sometimes other factors like road conditions or driving style. As a result, EPS can offer improved fuel efficiency because it only consumes energy when the steering wheel is turned, unlike hydraulic systems that continuously draw power from the engine.
The global EPS Power market size is projected to grow from US$ million in 2024 to US$ million in 2030; it is expected to grow at a CAGR of %from 2024 to 2030.
The “EPS Power Industry Forecast” looks at past sales and reviews total world EPS Power sales in 2023, providing a comprehensive analysis by region and market sector of projected EPS Power sales for 2024 through 2030. With EPS Power sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world EPS Power industry.
This Insight Report provides a comprehensive analysis of the global EPS Power landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on EPS Power portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global EPS Power market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for EPS Power and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global EPS Power.
United States market for EPS Power is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
China market for EPS Power is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
Europe market for EPS Power is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
Global key EPS Power players cover EPS New Energy Technology Co., Ltd., Wanzheng Power, JONCHN Group, GMTCNT, GOLD LIGHT POWER, etc. In terms of revenue, the global two largest companies occupied for a share nearly
% in 2023.
This report presents a comprehensive overview, market shares, and growth opportunities of EPS Power market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Single Phase
Three Phases
Segmentation by Application:
Fire Alarm System
Fire Elevator
Fire Water Pump
Smoke Prevention and Exhaust Fan
Emergency Lighting
Fireproof Shutter
Special Obstacle Lights
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
EPS New Energy Technology Co., Ltd.
Wanzheng Power
JONCHN Group
GMTCNT
GOLD LIGHT POWER
Meritsun
LIXIN
REUZEit Inc
Ji-Shen Electronic Co., Ltd.
Key Questions Addressed in this Report
What is the 10-year outlook for the global EPS Power market?
What factors are driving EPS Power market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do EPS Power market opportunities vary by end market size?
How does EPS Power break out by Type, by Application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global EPS Power Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for EPS Power by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for EPS Power by Country/Region, 2019, 2023 & 2030
2.2 EPS Power Segment by Type
2.2.1 Single Phase
2.2.2 Three Phases
2.3 EPS Power Sales by Type
2.3.1 Global EPS Power Sales Market Share by Type (2019-2024)
2.3.2 Global EPS Power Revenue and Market Share by Type (2019-2024)
2.3.3 Global EPS Power Sale Price by Type (2019-2024)
2.4 EPS Power Segment by Application
2.4.1 Fire Alarm System
2.4.2 Fire Elevator
2.4.3 Fire Water Pump
2.4.4 Smoke Prevention and Exhaust Fan
2.4.5 Emergency Lighting
2.4.6 Fireproof Shutter
2.4.7 Special Obstacle Lights
2.4.8 Others
2.5 EPS Power Sales by Application
2.5.1 Global EPS Power Sale Market Share by Application (2019-2024)
2.5.2 Global EPS Power Revenue and Market Share by Application (2019-2024)
2.5.3 Global EPS Power Sale Price by Application (2019-2024)
3 Global by Company
3.1 Global EPS Power Breakdown Data by Company
3.1.1 Global EPS Power Annual Sales by Company (2019-2024)
3.1.2 Global EPS Power Sales Market Share by Company (2019-2024)
3.2 Global EPS Power Annual Revenue by Company (2019-2024)
3.2.1 Global EPS Power Revenue by Company (2019-2024)
3.2.2 Global EPS Power Revenue Market Share by Company (2019-2024)
3.3 Global EPS Power Sale Price by Company
3.4 Key Manufacturers EPS Power Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers EPS Power Product Location Distribution
3.4.2 Players EPS Power Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for EPS Power by Geographic Region
4.1 World Historic EPS Power Market Size by Geographic Region (2019-2024)
4.1.1 Global EPS Power Annual Sales by Geographic Region (2019-2024)
4.1.2 Global EPS Power Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic EPS Power Market Size by Country/Region (2019-2024)
4.2.1 Global EPS Power Annual Sales by Country/Region (2019-2024)
4.2.2 Global EPS Power Annual Revenue by Country/Region (2019-2024)
4.3 Americas EPS Power Sales Growth
4.4 APAC EPS Power Sales Growth
4.5 Europe EPS Power Sales Growth
4.6 Middle East & Africa EPS Power Sales Growth
5 Americas
5.1 Americas EPS Power Sales by Country
5.1.1 Americas EPS Power Sales by Country (2019-2024)
5.1.2 Americas EPS Power Revenue by Country (2019-2024)
5.2 Americas EPS Power Sales by Type (2019-2024)
5.3 Americas EPS Power Sales by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC EPS Power Sales by Region
6.1.1 APAC EPS Power Sales by Region (2019-2024)
6.1.2 APAC EPS Power Revenue by Region (2019-2024)
6.2 APAC EPS Power Sales by Type (2019-2024)
6.3 APAC EPS Power Sales by Application (2019-2024)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe EPS Power by Country
7.1.1 Europe EPS Power Sales by Country (2019-2024)
7.1.2 Europe EPS Power Revenue by Country (2019-2024)
7.2 Europe EPS Power Sales by Type (2019-2024)
7.3 Europe EPS Power Sales by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa EPS Power by Country
8.1.1 Middle East & Africa EPS Power Sales by Country (2019-2024)
8.1.2 Middle East & Africa EPS Power Revenue by Country (2019-2024)
8.2 Middle East & Africa EPS Power Sales by Type (2019-2024)
8.3 Middle East & Africa EPS Power Sales by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of EPS Power
10.3 Manufacturing Process Analysis of EPS Power
10.4 Industry Chain Structure of EPS Power
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 EPS Power Distributors
11.3 EPS Power Customer
12 World Forecast Review for EPS Power by Geographic Region
12.1 Global EPS Power Market Size Forecast by Region
12.1.1 Global EPS Power Forecast by Region (2025-2030)
12.1.2 Global EPS Power Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country (2025-2030)
12.3 APAC Forecast by Region (2025-2030)
12.4 Europe Forecast by Country (2025-2030)
12.5 Middle East & Africa Forecast by Country (2025-2030)
12.6 Global EPS Power Forecast by Type (2025-2030)
12.7 Global EPS Power Forecast by Application (2025-2030)
13 Key Players Analysis
13.1 EPS New Energy Technology Co., Ltd.
13.1.1 EPS New Energy Technology Co., Ltd. Company Information
13.1.2 EPS New Energy Technology Co., Ltd. EPS Power Product Portfolios and Specifications
13.1.3 EPS New Energy Technology Co., Ltd. EPS Power Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 EPS New Energy Technology Co., Ltd. Main Business Overview
13.1.5 EPS New Energy Technology Co., Ltd. Latest Developments
13.2 Wanzheng Power
13.2.1 Wanzheng Power Company Information
13.2.2 Wanzheng Power EPS Power Product Portfolios and Specifications
13.2.3 Wanzheng Power EPS Power Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 Wanzheng Power Main Business Overview
13.2.5 Wanzheng Power Latest Developments
13.3 JONCHN Group
13.3.1 JONCHN Group Company Information
13.3.2 JONCHN Group EPS Power Product Portfolios and Specifications
13.3.3 JONCHN Group EPS Power Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 JONCHN Group Main Business Overview
13.3.5 JONCHN Group Latest Developments
13.4 GMTCNT
13.4.1 GMTCNT Company Information
13.4.2 GMTCNT EPS Power Product Portfolios and Specifications
13.4.3 GMTCNT EPS Power Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 GMTCNT Main Business Overview
13.4.5 GMTCNT Latest Developments
13.5 GOLD LIGHT POWER
13.5.1 GOLD LIGHT POWER Company Information
13.5.2 GOLD LIGHT POWER EPS Power Product Portfolios and Specifications
13.5.3 GOLD LIGHT POWER EPS Power Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 GOLD LIGHT POWER Main Business Overview
13.5.5 GOLD LIGHT POWER Latest Developments
13.6 Meritsun
13.6.1 Meritsun Company Information
13.6.2 Meritsun EPS Power Product Portfolios and Specifications
13.6.3 Meritsun EPS Power Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 Meritsun Main Business Overview
13.6.5 Meritsun Latest Developments
13.7 LIXIN
13.7.1 LIXIN Company Information
13.7.2 LIXIN EPS Power Product Portfolios and Specifications
13.7.3 LIXIN EPS Power Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 LIXIN Main Business Overview
13.7.5 LIXIN Latest Developments
13.8 REUZEit Inc
13.8.1 REUZEit Inc Company Information
13.8.2 REUZEit Inc EPS Power Product Portfolios and Specifications
13.8.3 REUZEit Inc EPS Power Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 REUZEit Inc Main Business Overview
13.8.5 REUZEit Inc Latest Developments
13.9 Ji-Shen Electronic Co., Ltd.
13.9.1 Ji-Shen Electronic Co., Ltd. Company Information
13.9.2 Ji-Shen Electronic Co., Ltd. EPS Power Product Portfolios and Specifications
13.9.3 Ji-Shen Electronic Co., Ltd. EPS Power Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 Ji-Shen Electronic Co., Ltd. Main Business Overview
13.9.5 Ji-Shen Electronic Co., Ltd. Latest Developments
14 Research Findings and Conclusion
*If Applicable.
