10:21 AM Automotive Selective Catalytic Reduction (SCR) System Market Size to Grow at a CAGR of 1.8% till 2023 |
| Automotive Selective Catalytic Reduction (SCR) System Market is expected to grow at a CAGR of 1.8% during the next five years, according to a newly added report by Stratview Research. 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.
The report offers detailed insights in relevant market segments, their growth rates, latest market trends, forecasts, and other important details. The market has been segmented in four ways and the report has more than 150 figures and tables providing the most comprehensive information about the market segments and their growth prospects for the forecast period of 2018-2023.
Request a sample of the report here As per the report, among different vehicle types, Passenger car segment is expected to remain the growth engine of the 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. Based on the catalyst type, the automotive SCR system market is segmented as Copper Zeolite, Iron Zeolite, and Others (platinum, palladium, rhodium, etc.). 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, the market is segmented as honeycomb catalyst structure and others (plate and corrugated 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. View the Table of Contents here Europe is expected to remain the largest automotive SCR system market during the forecast period. Stricter emission norms of the 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 during the forecast period with China and India being the key sources of growth. Read the Full Report Description here The report further mentions about the key manufacturing players Tenneco Inc., Faurecia SA, Plastic Omnium SA, and Rochling Group. who are emerging fast and their roles in the growing market. It also portraits the important mergers, acquisitions, and other current happenings in the automotive SCR system market that can be helpful for the interested clients in analysing the market and taking right decisions accordingly. Salient Features of the Report The report on automotive SCR system market is a well-researched work after analysing of various data from different reliable sources. The report included some of the salient features such as:
About Stratview Research: Stratview Research is a global research company offering custom research and marker research reports for interested client in different sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Healthcare & Life Sciences, and Oil & Gas. All the reports generated are based on proper data collected from reliable sources and are scrutinized carefully before releasing so that the interested clients and companies can make the most out of it. For inquiries, Contact: Ritesh Gandecha Stratview Research E-mail: sales@stratviewresearch.com Direct: +1-313-307-4176 |
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