Automotive Selective Catalytic Reduction (SCR) System Market is Projected to Reach US$ 4.7 Billion in 2023


Posted August 24, 2018 by Stratview-Resesarch

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.

 
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.


The author of the report cited that passenger car segment is expected to remain the growth engine of the global automotive SCR system market during the forecast period of 2018 to 2023. Increasing production of passenger cars coupled with increasing penetration of SCR system in diesel engine-based passenger car models is likely to elevate the demand for SCR system in the segment in the foreseeable future.


As per the study, Copper Zeolite is expected to remain the most dominant catalyst type in the global automotive SCR system market during the forecast period, owing to its better ammonia storage capabilities. Both, Iron Zeolite as well as other segments, are also likely to witness healthy growth rates over the next five years.


Based on the catalyst structure type, honeycomb structure is expected to remain the most dominant type in the global automotive SCR system market during the forecast period, owing to its better surface coverage and regular flow.

In terms of region, Europe is expected to remain the largest automotive SCR system market during the forecast period. Stricter emission norms of European Commission have led to a faster adoption of SCR System into European vehicles. Ford Focus & Fusion, BMW 5 Series & 7 Series, Renault Twingo & Talisman, Citroen C4 Picasso, and Audi Q7 are some of the key European models that are relying on SCR system to reduce the level of emissions. Asia-Pacific is likely to depict the highest growth in the same period with China and India being the key sources of growth.

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.

Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:


Market structure: Overview, industry life cycle analysis, supply chain analysis

Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis

Market trend and forecast analysis

Market segment trend and forecast

Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.

Attractive market segments and associated growth opportunities

Emerging trends

Strategic growth opportunities for the existing and new players

Key success factors


This report studies the automotive SCR system market and has segmented the market in four ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the four ways in which the market is segmented:


Automotive Selective Catalytic Reduction System Market, By Vehicle Type



Passenger Car (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Light Commercial Vehicle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Medium- & Heavy-Duty Commercial Vehicle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)


Automotive Selective Catalytic Reduction System Market, By Catalyst Type



Copper Zeolite (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Iron Zeolite (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)


Automotive Selective Catalytic Reduction System Market, By Catalyst Structure Type



Honeycomb (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)


Automotive Selective Catalytic Reduction System Market, By Region



North America (Country Analysis: The USA, Canada, and Mexico)

Europe (Country Analysis: Germany, The UK, Russia, Italy and Rest of Europe)

Asia-Pacific (Country Analysis: China, Japan, South Korea, India and Rest of Asia-Pacific)

Rest of the World (Country Analysis: Brazil, Argentina, and Others)


Stratview Research has several high value market reports in the global automotive industry. Please refer to the following link to browse through our reports:
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Categories Automotive , Design , Research
Tags automotive , nitrogen oxide , scr system , vehicle
Last Updated August 24, 2018