The analysts forecast global automotive selective catalytic reduction (SCR) market to grow at a CAGR of 5.42% during the period 2018-2022. The latest trend gaining momentum in the market is Implementation of advanced Euro emission standards in emerging countries.
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Euro 6 emission standards are a set of regulations for controlling and maintaining the levels of harmful emissions.
They mainly deal with the emission levels of the following: CO, carbon monoxide, NOx, oxides of nitrogen, HC, hydrocarbons.
Major key players in the global automotive selective catalytic reduction (SCR) market: Faurecia, KATCON GLOBAL, Kautex, and Plastic Omnium
According to the automotive selective catalytic reduction market report, one of the major drivers for this market is Increased penetration of diesel engines in commercial vehicles. Most of the heavy and light commercial vehicles are equipped with diesel IC engines.
As heavy commercial vehicles are mostly used for transporting heavy cargo, they require high amounts of torque. Diesel engines have the capability of producing large amounts of torque at low RPMs.
They produce more drive force compared with gasoline engines and are more durable as they require less maintenance. Therefore, diesel engine vehicles are the first choice of commercial fleet owners for logistics and transportations.
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Further, the automotive selective catalytic reduction market report states that one of the major factors hindering the growth of this market is Alternate exhaust aftertreatment technologies. Stringent emission norms such as Euro 6 and US tier-2 regulations have forced vehicle OEMs to employ advanced aftertreatment systems, such as SCR, LNT, DPF, DOC, and EGR.
European OEMs, such as Daimler, Volkswagen, PSA Group, and Renault-Nissan are adopting SCR technology for the larger engines segment. For the small engine segment vehicles, OEMs are looking forward to using both SCR and DPF systems combined.
Key questions answered in this automotive selective catalytic reduction market report:
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Few Points from List of Exhibits:
Exhibit 1: Parent market
Exhibit 2: Global automotive SCR market
Exhibit 3: Market characteristics
Exhibit 4: Market segments
Exhibit 5: Market definition - Inclusions and exclusions checklist
Exhibit 6: Market size 2017
Exhibit 7: Validation techniques employed for market sizing 2017
Exhibit 8: Global automotive SCR market Market size and forecast 2017-2022 (mn unit)
Exhibit 9: Global automotive SCR market Year-over-year growth 2018-2022 (%)
Exhibit 10: Five forces analysis 2017
Exhibit 11: Five forces analysis 2022
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2017
Exhibit 18: Vehicle type Market share 2017-2022 (%)
Exhibit 19: Comparison by vehicle type
Exhibit 20: Passenger vehicles Market size and forecast 2017-2022 (mn unit)