Automotive Selective Catalytic Reduction (SCR) System Market is Projected to Reach US$ 4.7 Billion in 2023
This market report, from Stratview Research, studies the automotive selective catalytic reduction (SCR) system market over the trend and forecast period of 2012 to 2017 and 2018 to 2023, respectively.
(EMAILWIRE.COM, October 12, 2018 )
Stratview Research announces the launch of a new research report on Automotive Selective Catalytic Reduction (SCR) System Market by Vehicle Type (Passenger Car, LCV, and M&HCV), by Catalyst Type (Copper Zeolite, Iron Zeolite, and Others), by Catalyst Structure Type (Honeycomb Catalyst Structure and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
Automotive Selective Catalytic Reduction (SCR) System Market: Research Highlights
There has been an incessant increase in emissions of polluting substances including carbon dioxide (CO2) and nitrogen oxide (NOx) particles from vehicles into the environment. In diesel engines, the level of NOx emissions is very high, whereas, in petrol engines, the emission of NOx particles is merely 5% that of emission from diesel engines. Hence, there is a dire need for a proficient depollution system that can curb the NOx particles emitted from diesel vehicles. At present, there are two depollution systems available for reducing NOx particle emissions from diesel engine vehicles, SCR system (Selective Catalytic System) and Lean NOx-Trap (LNT) system. Despite the high cost of SCR system, it is expeditiously gaining market traction, driven by its higher efficiency.
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As per Stratview Research, the global automotive SCR system market is projected to grow at an impressive rate over the next five years to reach US$ 4.7 billion in 2023. Incessant increase in the penetration of SCR system in diesel vehicles to address the stringent regulations regarding carbon emission reductions and fuel efficiency enhancements is the prime growth driver of the market. Furthermore, growing penetration of diesel engines in commercial vehicles (LCV and M&HCV) coupled with an increased usage of SCR system to deliver greater fuel efficiency is acting as a catalyst to the burgeoning demand for SCR system in the automotive industry.
Key automotive SCR system manufacturers are Tenneco Inc., Faurecia SA, Plastic Omnium SA, and Roechling Group. Major automotive OEMs in the industry, which currently rely on SCR systems, are Ford, BMW, Renault, Citroen, and Audi. Development of integrated SCR systems and formation of strategic alliances with the 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 announces the launch of a new research report on Automotive Selective Catalytic Reduction (SCR) System Market by Vehicle Type (Passenger Car, LCV, and M&HCV), by Catalyst Type (Copper Zeolite, Iron Zeolite, and Others), by Catalyst Structure Type (Honeycomb Catalyst Structure and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
Automotive Selective Catalytic Reduction (SCR) System Market: Research Highlights
There has been an incessant increase in emissions of polluting substances including carbon dioxide (CO2) and nitrogen oxide (NOx) particles from vehicles into the environment. In diesel engines, the level of NOx emissions is very high, whereas, in petrol engines, the emission of NOx particles is merely 5% that of emission from diesel engines. Hence, there is a dire need for a proficient depollution system that can curb the NOx particles emitted from diesel vehicles. At present, there are two depollution systems available for reducing NOx particle emissions from diesel engine vehicles, SCR system (Selective Catalytic System) and Lean NOx-Trap (LNT) system. Despite the high cost of SCR system, it is expeditiously gaining market traction, driven by its higher efficiency.
Click here for Table Of Contents :-
https://www.stratviewresearch.com/toc/336/Automotive-SCR-System-Market.html
OR
Request Sample :-
https://www.stratviewresearch.com/Request-Sample/336/Automotive-SCR-System-Market.html
As per Stratview Research, the global automotive SCR system market is projected to grow at an impressive rate over the next five years to reach US$ 4.7 billion in 2023. Incessant increase in the penetration of SCR system in diesel vehicles to address the stringent regulations regarding carbon emission reductions and fuel efficiency enhancements is the prime growth driver of the market. Furthermore, growing penetration of diesel engines in commercial vehicles (LCV and M&HCV) coupled with an increased usage of SCR system to deliver greater fuel efficiency is acting as a catalyst to the burgeoning demand for SCR system in the automotive industry.
Key automotive SCR system manufacturers are Tenneco Inc., Faurecia SA, Plastic Omnium SA, and Roechling Group. Major automotive OEMs in the industry, which currently rely on SCR systems, are Ford, BMW, Renault, Citroen, and Audi. Development of integrated SCR systems and formation of strategic alliances with the 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.
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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