According to the latest report by IMARC Group, "Global Automotive Selective Catalytic Reduction (SCR) Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2023-2028", 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.
Automotive selective catalytic reduction (SCR) represents an advanced system that minimizes nitrogen oxide (NOx) tailpipe emissions to nearby-zero levels in newer generation diesel-powered vehicles and equipment. It generally relies on diesel exhaust fluid (DEF) to convert nitrogen oxides into nitrogen, water, and tiny amounts of carbon dioxide (CO2). In addition to this, the automotive selective catalytic reduction is highly fuel-efficient and cost-effective, which allows manufacturers to maximize fuel economy and balance engine performance.
Automotive Selective Catalytic Reduction (SCR) Market Trends and Drivers:
The increasing prevalence of respiratory diseases, on account of the inflating levels of air pollution, is primarily driving the automotive selective catalytic reduction market. Moreover, the implementation of various stringent regulations by government bodies to reduce harmful emissions from vehicles, owing to the combustion of fuel oil, diesel fuel, petrol, gasoline, biodiesel, etc., is acting as another significant growth-inducing factor.
Apart from this, the expanding automotive industry is also positively influencing the global demand for automotive SCR. Furthermore, the leading manufacturers are extensively investing in RD activities to introduce three-way catalysts for vehicles that enhance fuel efficiency and minimize carbon dioxide (CO2) emissions substantially at lower operating temperature. This, in turn, is anticipated to propel the automotive selective catalytic reduction market over the forecasted period.
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Global Automotive Selective Catalytic Reduction (SCR) Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Automotive Selective Catalytic Reduction Companies:
Johnson Matthey, Kautex Textron GmbH Co. KG (Textron Inc.), Magneti Marelli S.p.A., Plastic Omnium, BASF SE, BOSAL, Continental AG, CORMETECH Inc., Faurecia SE, Robert Bosch GmbH, Röchling SE Co. KG and Tenneco Inc.
The report has segmented the market on the basis of component, vehicle type, fuel type and region.
Breakup by Component:
- Urea Tank
- Urea Pump
- Engine Control Unit (ECU)
- Injector
- Others
Breakup by Vehicle Type:
- Passenger Vehicles
- Commercial Vehicles
Breakup by Fuel Type:
- Gasoline
- Diesel
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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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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