Selective Catalytic Reduction (SCR) Market Share, Size, Trends, And Business Opportunity Analysis Report 2019 include historic data, with forecast data to 2023.
— Selective catalytic reduction aims to control the nitrous oxide emission by adding automotive grade urea into the exhausts that convert nitrogen oxides into carbon dioxide, nitrogen, and water. Market Research Future (MRFR) has published a research report about the global automotive selective catalytic reduction (SCR) market that predicts growth for the market during the forecast period between 2017 and 2023.
The key factors driving the global market growth for selective catalytic reduction include alarming growth in health hazards caused due to vehicular emission, favorable government policies across the globe trying to curb vehicle emission, and growing awareness among individuals. However, the high cost associated with the selective catalytic reduction can restrain the market growth.
The global automotive selective catalytic reduction market has been segmented on the basis of application, vehicle type, and lastly, region. The application-based segmentation segments this market into diesel-powered vehicle and gasoline (petrol) powered vehicle. By vehicle type, the market has been segmented into the commercial vehicle and passenger vehicle.
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The regional segmentation of the global automotive selective catalytic reduction market has segmented the market into the continent-based regional markets namely North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). According to the report, the Asia Pacific region has been expected to provide lucrative opportunities to layers in the selective catalytic reduction system market during the forecast period. Factors responsible for the growth of this market include stringent government regulations, growing demand as well as the production of vehicles, increasing investment in the automotive sector, and improving transportation facilities & infrastructure. As the government authorities in countries like China and India encouraging original equipment manufacturers to implement such systems in vehicles mainly to enhance fuel efficiency and curb emissions, the market for SCR is expected to thrive in this region during the forecast period. Other important country-specific markets in this region include Japan and South Korea, followed by the rest of the Asia Pacific region.
During the forecast period, North America and Europe are expected to witness rapid growth. Established automotive industry, the existence of sophisticated technology & infrastructure, and the presences of key market players in these regions are the primary factors driving the market growth in these two regions. In North America, the most important country-specific markets are the United States of America (USA) and Canada. In Europe, the revenue is driven by strong economy-based markets like France, Germany, Italy, Spain, and the United Kingdom, followed by the rest of Europe.
In Latin America, the market is limited due to limited technological advancement. Economies in this region that have the potential to emerge as strong markets are Argentina and Brazil. In the MEA region, the market is small and limited. Reasons for the limited market growth in this region are lack of awareness, lack of education, lack of technological development, and political instability.
The Key Players In The Global Automotive Selective Catalytic Reduction Market Include:
Amminex Emissions Technology (Denmark), Benteler International AG (Germany), Eberspacher Group (Germany), Faurecia SA (France), Magneti Marelli SPA (Italy), SDC Materials (USA), Tenneco Inc. (USA), and Toyota Motor Corporation (Japan).
Latest Industry News
Caterpillar Marine has introduced a two-pronged approach to urea injection for selective catalytic reduction, with separate strategies for small and bigger engines. They have chosen SCR as its NOx abatement option for marine engines that need to meet Environmental Protection Agency (EPA) Tier 4 and IMO Tier III limits. 17 OCT 2018
MAN Energy Solutions has launched its new Exhaust Gas Recirculation (EGR) electrical turbo blower. 24 OCT 2018
The newly introduced FR780 is powered by a six-cylinder FPT Cursor 16 engine which makes 574kW (780hp) of power. The engine runs with a Selective Catalytic Reduction emissions system which is Tier 4B compliant, and this means the use of Adblue as well as diesel. 24 OCT 2018
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Table of Contents
2 RESEARCH VEHICLE TYPEOLOGY
3 MARKET DYNAMICS
4 MARKET FACTOR ANALYSIS
5 SELECTIVE CATALYTIC REDUCTION, BY APPLICATION
6 SELECTIVE CATALYTIC REDUCTION, BY VEHICLE TYPE
7 SELECTIVE CATALYTIC REDUCTION, BY REGION
8 COMPANY LANDSCAPE
9 COMPANY PROFILE
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Source URL: https://marketersmedia.com/selective-catalytic-reduction-scr-market-2019-global-analysis-by-opportunities-size-share-growth-factors-regional-and-competitive-landscape-forecast-to-2023/88927147
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