As per this study the Global Automotive SCR System Market was valued USD XXX MN (by revenue) in 2019 and is anticipated to reach USD XXX MN by 2026 with a CAGR of X.X%. By volume, the market was estimated XXX Units in 2019 and is expected to reach XXX Units by 2026 with a CAGR of X.X%.
Selective Catalytic Reduction (SCR) system is the advanced active emission control technology that converts hazardous nitrogen oxide (NOx) into diatomic nitrogen and water by using an appropriate catalyst. The SCR inject the liquid reductant agent with the catalyst into the diesel engines that reduces nitrogen oxide into nitrogen, water and the trace amount of carbon dioxide. It is a cost-efficient and fuel-efficient technology that aids in the reduction of diesel engine emissions.
Growing concern regarding the emission of nitrogen oxide impacting the environment adversely is driving the SCR system market. The high emission rate of NOx from diesel engines is generating huge demand for SCR system. Additionally, favorable mandates imposed by the government to curb the emission are further pushing the SCR market growth. A high efficiency of SCR has driven its application across the automotive sector. However, the high cost of SCR may hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of automotive SCR system.
The broad automotive SCR system market has been sub-grouped into vehicle type, catalyst type and catalyst structure type. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Vehicle Type
By Catalyst Type
- Passenger Car SCR
- LCV SCR
- M&HCV SCR
By Catalyst Structure Type
- Copper Zeolite Based SCR System
- Iron Zeolite Based SCR System
- Other Catalyst Based SCR System
- Honeycomb Catalyst Structure Based SCR System
- Other Catalyst Structure Based SCR System
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for automotive SCR system in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe Automotive SCR System Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the automotive SCR system market include Continental AG, Faurecia, Friedrich Boysen GmbH & Co., KG, J. Eberspaecher GmbH, Kautex Textron GmbH & Co., KG., Plastic Omnium SA, Robert Bosch GmbH, Rochling Group and Tenneco Inc. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.