Global Automotive Selective Catalytic Reduction (SCR) Market 2018-2022
About Automotive Selective Catalytic Reduction
Selective catalytic reduction (SCR) is an advanced active emission control technology system that converts nitrogen oxides (NOx) into nitrogen, tiny amounts of carbon dioxide, and water. The system uses diesel exhaust fluid (DEF), which is a liquid reductant agent that is injected into the exhaust stream of a diesel engine.
Technavio’s analysts forecast the global automotive selective catalytic reduction (SCR) market to grow at a CAGR of 5.42% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive selective catalytic reduction (SCR) market for 2018-2022. To calculate the market size, the report considers the penetration and market estimates of the OEM-fitted SCR system.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Selective Catalytic Reduction (SCR) Market 2018-2022
Technavio recognizes the following companies as the key players in the global automotive selective catalytic reduction (SCR) market: Faurecia, KATCON GLOBAL, Kautex, and Plastic Omnium
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Implementation of advanced Euro emission standards in emerging countries. 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.”
According to the 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
Further, the 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.
Faurecia, KATCON GLOBAL, Kautex, and Plastic Omnium