Global Automotive Selective Catalytic Reduction Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Automotive selective catalytic reduction Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global Automotive selective catalytic reduction market report, size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global automotive selective catalytic reduction (SCR) market size reached US$ 8.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.5% during 2023-2028.
Selective catalytic reduction (SCR) in the automotive sector is a technology designed to reduce nitrogen oxide emissions from diesel engines, effectively minimizing their environmental impact. This system utilizes diesel exhaust fluid (DEF) to convert nitrogen oxides into nitrogen, water, and trace amounts of carbon dioxide. Typically positioned downstream in the exhaust system, this placement ensures ideal operating temperatures for optimal efficiency. Particularly advantageous for heavy-duty and commercial vehicles, SCR is deemed an essential technology for complying with rigorous emission standards. To uphold its effectiveness, routine urea solution refills and periodic maintenance are necessary.
Global Automotive Selective Catalytic Reduction Market Trends and Drivers:
The rising concern about air pollution’s adverse effects on health is a primary driver behind the widespread adoption of technologies such as automotive selective catalytic reduction (SCR) to curb vehicle emissions on a global scale. Furthermore, the integration of automotive SCR systems with other emission reduction technologies enhances their appeal to manufacturers striving to meet strict emission standards, contributing to market growth. Additionally, the escalating production of vehicles in emerging economies due to rapid urbanization and increased income levels is a positive influence on the market. Beyond this, the stringent regulations imposed by governing agencies in numerous countries regarding vehicle emissions resulting from the combustion of fuels like diesel, petrol, gasoline, and biodiesel are prompting major players to install automotive SCR systems in vehicles.
Global Automotive Selective Catalytic Reduction Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: BASF SE, BOSAL, Continental AG, CORMETECH Inc., Faurecia SE, Johnson Matthey, Kautex Textron GmbH Co. KG (Textron Inc.), Magneti Marelli S.p.A., Plastic Omnium, Robert Bosch GmbH, Röchling SE Co. KG and Tenneco Inc.
The report segmented the market on the basis component, vehicle type and fuel type.
Breakup by Component:
- Urea Tank
- Urea Pump
- Engine Control Unit (ECU)
Breakup by Vehicle Type:
- Passenger Vehicles
- Commercial Vehicles
Breakup by Fuel Type:
Breakup by Region:
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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