Concentric sees rapidly rising demand for next generation electro-hydraulic steering systems
By Jim Gibbins - 1st June 2019
Concentric AB of Gothenburg has won five electro-hydraulic steering (EHS) systems contracts worth an estimated EUR9m (SEK 94m) over five years. Concentric says although these platforms currently constitute a small niche, local city regulation is expected to drive increased demand for electric commercial vehicles and these nominations are strategically important in a segment expected to present strong long-term growth opportunities.
The primary benefit of EHS systems is reduced energy consumption, achieving up to 50% in energy savings in certain applications utilising “power on demand” technology. The EHS system is also a unique solution, which functions in hybrid vehicles where conventional systems cannot be used.
