Automotive Selective Catalytic Reduction (SCR) System Market to reach US$ 3.2 billion in 2023
Automotive Selective Catalytic Reduction (SCR) System Market report is a 204-page study offering actionable insights into the global market opportunities, trends, forecasts, and competitive analysis.
(EMAILWIRE.COM, December 21, 2018 )
Stratview Research has published a new research report on Automotive Selective Catalytic Reduction (SCR) System Market. This extensive 204-page report by Stratview Research analyses the growth of Automotive Selective Catalytic Reduction (SCR) System Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023 under the following segments -
• By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy-Duty Commercial Vehicle)
• By Catalyst Type (Copper Zeolite, Iron Zeolite, Others)
• By Catalyst Structure Type (Honeycomb, Others)
• By Region (North America, Europe, Asia-Pacific, Rest of the World)
Go through the detailed scope: https://www.stratviewresearch.com/toc/336/Automotive-SCR-System-Market.html
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Get a free sample of the report: https://www.stratviewresearch.com/toc/336/Automotive-SCR-System-Market.html
SCR system gaining the market traction
Despite the high cost of the SCR system, it is expeditiously gaining the market traction, driven by its higher efficiency. Another factor giving an impetus to the demand for SCR system over LNT system is that there is a problem of clogging associated with the LNT system that results into the blockage of EGR (exhaust gas recirculation) valve. Due to which, automakers cannot reduce the number of recirculation processes, which leads to an increase in temperature and rise in the rate of NOx particles exceeding the amount of NOx that the LNT system can handle.
The global automotive SCR system market is projected to grow at an impressive rate over the next five years to reach US$ 3.2 billion in 2023. Incessant increase in the penetration of SCR system in diesel vehicles to address the stringent regulations regarding the NOx emission reductions and fuel efficiency enhancements is the prime growth driver of the market.
Top market players
The supply chain of this market comprises raw material suppliers, SCR system suppliers, distributors, automotive OEMs, and dealers. Key automotive SCR system manufacturers are Tenneco Inc., Faurecia SA, Plastic Omnium SA, and Rochling Group. Major automotive OEMs in the industry, which currently relies on the SCR systems, are Ford, BMW, Renault, Citroen, and Audi. Development of integrated SCR systems and formation of strategic alliances with automakers are the key strategies adopted by the major players to gain a competitive edge in the market.
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Stratview Research has published a new research report on Automotive Selective Catalytic Reduction (SCR) System Market. This extensive 204-page report by Stratview Research analyses the growth of Automotive Selective Catalytic Reduction (SCR) System Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023 under the following segments -
• By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy-Duty Commercial Vehicle)
• By Catalyst Type (Copper Zeolite, Iron Zeolite, Others)
• By Catalyst Structure Type (Honeycomb, Others)
• By Region (North America, Europe, Asia-Pacific, Rest of the World)
Go through the detailed scope: https://www.stratviewresearch.com/toc/336/Automotive-SCR-System-Market.html
Or
Get a free sample of the report: https://www.stratviewresearch.com/toc/336/Automotive-SCR-System-Market.html
SCR system gaining the market traction
Despite the high cost of the SCR system, it is expeditiously gaining the market traction, driven by its higher efficiency. Another factor giving an impetus to the demand for SCR system over LNT system is that there is a problem of clogging associated with the LNT system that results into the blockage of EGR (exhaust gas recirculation) valve. Due to which, automakers cannot reduce the number of recirculation processes, which leads to an increase in temperature and rise in the rate of NOx particles exceeding the amount of NOx that the LNT system can handle.
The global automotive SCR system market is projected to grow at an impressive rate over the next five years to reach US$ 3.2 billion in 2023. Incessant increase in the penetration of SCR system in diesel vehicles to address the stringent regulations regarding the NOx emission reductions and fuel efficiency enhancements is the prime growth driver of the market.
Top market players
The supply chain of this market comprises raw material suppliers, SCR system suppliers, distributors, automotive OEMs, and dealers. Key automotive SCR system manufacturers are Tenneco Inc., Faurecia SA, Plastic Omnium SA, and Rochling Group. Major automotive OEMs in the industry, which currently relies on the SCR systems, are Ford, BMW, Renault, Citroen, and Audi. Development of integrated SCR systems and formation of strategic alliances with automakers are the key strategies adopted by the major players to gain a competitive edge in the market.
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Contact Information:
Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
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Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results