Selective catalytic reduction is an advanced active emission control technology in which a liquid-reductant agent is injected into the exhaust stream of a diesel engine through a special catalyst. The reducing agent is usually urea of automotive grade also known as diesel exhaust fluid (DEF), which starts a chemical reaction to convert nitrogen oxide into water, nitrogen, and a tiny minute amount of carbon dioxide (CO2).
Selective catalytic reduction system designed for automobiles is designed to carry out the nitrogen oxide (NOx) reduction reaction to take place in an oxidized environment. It is called "selective" because it reduces levels of NOx using ammonia as a reductant within a catalyst system. The increased production of vehicles across the globe, as well as the increased emission norms, have carried out various developments that lead to the growth of the automotive selective catalytic reduction market across the globe.
Selective catalytic reduction system has a wider application in passenger and commercial vehicles as they are mainly indulged in the emission of harmful gas due to the presence of an internal combustion engine in vehicles.
Automotive selective catalytic reduction is expected to register significant growth during the forecast period due to the increased government regulations for emission reduction as well as with the increase in automobile production which fuels the growth of the automotive selective catalytic reduction market across the globe.
The automotive selective catalytic reduction market is segmented based on the component, vehicle type, fuel type, and region. Based on the components used, the automotive selective catalytic reduction market is segmented into a urea tank, urea pump, ECU, and injector. Based on vehicle type, the automotive selective catalytic reduction market is segmented into passenger vehicles and commercial vehicles. Based on fuel type, the automotive selective catalytic reduction market has been categorized into gasoline and diesel. Based on the region, the market has been studied across North America, Europe, Asia-Pacific, and LAMEA.
The key players analyzed in the automotive selective catalytic reduction market include Bosal, Faurecia, Friedrich Boysen GmbH & Co., KG., Johnson Matthey, Kautex Textron GmbH & Co., KG, Magneti Marelli SPA, Plastic Omnium SA, Robert Bosch GmbH, Rochling Group, and Tenneco Inc.
KEY BENEFITS FOR STAKEHOLDERS
- This study presents an analytical depiction of the global automotive selective catalytic reduction market along with the current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the market.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers.
KEY MARKET SEGMENTS
By Component
- Urea Tank
- Urea Pump
- ECU
- Injector
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
By Fuel Type
- Gasoline
- Diesel
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY PLAYERS
- Bosal
- Faurecia
- Friedrich Boysen GmbH & Co., KG.
- Johnson Matthey
- Kautex Textron GmbH & Co., KG
- Magneti Marelli SPA
- Plastic Omnium SA
- Robert Bosch GmbH
- Rochling Group
- Tenneco Inc.
Table of Contents
Executive Summary
According to the report titled, 'Automotive Selective Catalytic Reduction Market by Component, Vehicle Type, and Fuel Type: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global automotive selective catalytic reduction (SCR) market was valued at $6.05 billion in 2018, and is projected to reach $15.05 billion by 2026, registering a CAGR of 12.0%.Asia-Pacific dominates the market, followed by Europe, North America and LAMEA in terms of growth rate. Japan dominated the global automotive selective catalytic reduction (SCR) market share in 2018, whereas India is expected to grow at a significant rate in the automotive selective catalytic reduction (scr) market during the forecast period.
Selective catalytic reduction system is used in a vehicle to reduce the emission of harmful components such as nitrogen oxide (NOx) and other components. It is an advanced active emission control technology, which injects a liquid-reductant agent into exhaust stream of a diesel engine through a special catalyst. This includes urea designed for automotive purpose as a chemical reactant, which converts nitrogen oxide into water, nitrogen, and minute amount of carbon dioxide (CO2). The entire reduction reaction is carried out in an oxidizing environment, which is beneficial to carry out the reaction process in an efficient way, thereby emitting water droplets and other gases from the exhaust outlet.
Increase in demand for internal combustion engine-based vehicles has supplemented the automotive selective catalytic reduction (scr) market growth. In addition, implementation of various emission control regulations made by governments across the globe has boosted the demand for selective catalytic reduction system to be installed in vehicles.
Furthermore, manufacturers have focused on developing enhanced and efficient system for vehicles, which, in turn, is expected to augment the growth of the automotive selective catalytic reduction market.
Increase in automobile production significantly contributes toward the growth of the global market. Conversely, surge in production of electric vehicles and high cost of catalysts hamper the market growth. However, innovations in emission control catalysts and government initiatives for emission reduction in developing nations are expected to offer lucrative opportunities for automotive selective catalytic reduction market expansion.
According to Abhay Singh, Lead Analyst, Automotive and Transportation, “By component, the urea tank of selective catalytic reduction (SCR) component segment dominated the global automotive selective catalytic reduction (SCR)market in 2018, in terms of revenue, and is expected to lead the market throughout the forecast period. On the basis of fuel type, the diesel segment dominated the market, owing to the fact that diesel vehicles emit hazardous pollutants, which boosts the deployment of SCR systems in these vehicles. The commercial vehicle segment is expected to grow at a faster rate during the forecast period. At present, Asia-Pacific is the highest revenue contributor, and is expected to maintain the lead in the market during the forecast period, followed by Europe, North America, and LAMEA.”
KEY FINDINGS OF THE STUDY
- Depending on component, the injector segment is expected to grow at a faster rate during the forecast period.
- By fuel type, the diesel fuel type segment was the highest revenue contributor in 2018, and is expected to maintain the lead during the forecast period.
- Region wise, Asia-Pacific contributed the highest market revenue in 2018, is anticipated to exhibit the highest CAGR during the forecast period, followed by Europe, LAMEA, and North America.
The key players analyzed in this report are Bosal, Faurecia, Friedrich Boysen GmbH & Co., KG., Johnson Matthey, Kautex Textron GmbH & Co., KG, Magneti Marelli SPA, Plastic Omnium SA, Robert Bosch GmbH, Rochling Group, and Tenneco Inc.
Companies Mentioned
- Bosal
- Faurecia
- Friedrich Boysen GmbH & Co.
- Johnson Matthey
- Kautex Textron GmbH & Co.
- KG
- Magneti Marelli SPA
- Plastic Omnium SA
- Robert Bosch GmbH
- Rochling Group
- Tenneco Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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