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Selective Catalytic Reduction (SCR) Market Research Report Information by Application (diesel powered vehicles and gasoline powered vehicles), Vehicle Type (passenger vehicle and commercial vehicle), Region (Tracking and Optimization), and by Regions - Global Forecast To 2032


ID: MRFR/AM/3881-HCR | 111 Pages | Author: Swapnil Palwe| April 2024

Selective Catalytic Reduction Market Scenario:


The Selective Catalytic Reduction (SCR) Market is projected to grow from USD 13.5 Billion in 2021 to USD 23.7 Billion by 2032, exhibiting a compound annual growth rate (CAGR) 5.8% during the forecast period (2023 - 2032).


Selective catalytic reduction basically controls the emission of nitrous oxide by adding automotive grade urea into the exhausts which results in conversion of nitrogen oxides into carbon di oxide, nitrogen and water. Selective Catalytic Reduction (SCR) has witnessed tremendous growth off late mainly due to the favorable government policies across the globe trying to curb vehicle emission. Alarming growth in health hazards caused due to vehicular emission have resulted in growing awareness among individuals contributing towards the growth of the selective catalytic reduction (scr) market. With diesel engines contributing a major part of the vehicle emission, application of selective catalytic reduction in diesel vehicles has propelled in recent times.  Many major manufacturers in the automotive industry are paying head towards the growing demand for higher fuel efficiency in vehicles as a result of which selective catalytic reduction market has registered high growth rate off late.  Latest trends in the market include the growing prominence of single module aftermarket treatment device which is designed to meet higher fuel efficiency and greenhouse gas standards across the globe.


High cost associated with the selective catalytic reduction is expected to act as a major restraint for the market


The global selective catalytic reduction market has been segmented on the basis of application as diesel powered vehicles and gasoline powered vehicles. On the basis of vehicle type the market has been segmented as passenger vehicle and commercial vehicle. On the basis of region the market has been segmented as North America, Europe, Asia-Pacific, Middle East & Africa and South America. 


Regional Analysis:


The Asia-Pacific region is expected to provide lucrative opportunities to layers in the Selective Catalytic Reduction (SCR) system market. Stringent government regulations combined with improving transportation facilities and infrastructure are expected to aid the growth of the Selective Catalytic Reduction (SCR) system market in this region. With government authorities in countries such as India and China encouraging original equipment manufacturers to implement such systems in vehicles mainly to enhance fuel efficiency and curb emissions, the market for Selective Catalytic Reduction (SCR) is expected to thrive in this region. Growing vehicle production and demand in the Asia-Pacific region is also expected to push the demand in the selective catalytic reduction market. Increasing investment in the automotive sector combined with massive overhaul of the infrastructure are other major factors driving the market in this region.


Other regions such as North America and Europe are also poised for rapid growth. Existence of sophisticated technology and major manufacturers in this region provides solid groundwork for the Selective Catalytic Reduction (SCR) firms in this region. Established automotive industry also aids the growth of the market in these regions mainly due to the availability of sophisticated infrastructure for the major market layers to build up on.


Key Players:


The key players of global Selective Catalytic Reduction (SCR) market are Faurecia SA (France), Tenneco, Inc. (U.S.), Eberspacher Group (Germany), Benteler International AG (Germany), and Magneti Marelli S.p.A. (Italy), Amminex Emissions Technology (Denmark), Toyota Motor Corporation (Japan), and SDC Materials (U.S.)


Market Segmentation:


Selective Catalytic Reduction (SCR) 


Intended Audience:



  • Distributer & Supplier companies

  • End Users

  • Consultants and Investment bankers

  • Government as well as Independent Regulatory Authorities


Product Analysis:



  • Product matrix which gives a detailed comparison of the market for different recycled product types


Additional Information:



  • Regulatory Landscape

  • Pricing Analysis

  • Macroeconomic Indicators


Geographic Analysis:



  • Geographical analysis across 15 countries


Company Information:



  • Profiling of 10 key market players

  • In-depth analysis including SWOT analysis, and strategy information of related to report title

  • Competitive landscape including emerging trends adopted by major companies


The report for Global Selective Catalytic Reduction (SCR) Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Report Attribute/Metric Details
 Market Size 2021:   USD 13.5 Billion
 Market Size 2032:   USD 23.7 Billion
 CAGR   5.8% (2023-2032)
 Base Year   2021
 Forecast Period   2023-2032
 Historical Data   2018- 2022
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Application and Vehicle Type
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors    Faurecia SA (France), Tenneco, Inc. (U.S.), Eberspacher Group (Germany), Benteler International AG (Germany), and Magneti Marelli S.p.A. (Italy), Amminex Emissions Technology (Denmark), Toyota Motor Corporation (Japan), and SDC Materials (U.S.)
  Key Market Opportunities   The automotive sector combined with massive overhaul of the infrastructure
  Key Market Drivers · Technological advancements · Rapid urbanization · Increasing initiatives to crub vehicle emissions


Frequently Asked Questions (FAQ) :

Technological advancements, rapid urbanization, and increasing initiatives to crub vehicle emissions are driving the growth of the market.

the high cost associated with SCR are likely to hamper the growth of the selective catalytic reduction (SCR) market over the review period.

The gasoline-powered vehicles segment is slated to expand as the fastest-growing segment.

The commercial vehicle segment is slated to expand as the fastest-growing segment.

A few major market players operating in the global selective catalytic reduction (SCR) market are Eberspacher Group (Germany), Faurecia SA (France), Tenneco, Inc. (U.S.), Benteler International AG (Germany), among others.

Selective Catalytic Reduction Market

Selective Catalytic Reduction Market is expected to be valued at USD 23.7 Billion with a CAGR of 5.8% Forecast by 2032

Segmentation
By Application Diesel powered vehicles Gasoline powered vehicles
By Vehicle Type Passenger vehicle Commercial vehicle
Key Players
Companies Profiled   Faurecia SA (France)    Tenneco Inc. (U.S.)    Eberspacher Group (Germany)    Benteler International AG (Germany)    Magneti Marelli S.p.A. (Italy)    Amminex Emissions Technology (Denmark)    Toyota Motor Corporation (Japan)    SDC Materials (U.S.)
Drivers
Market Driving Forces   The automotive sector combined with massive overhaul of the infrastructure    Technological advancements    Rapid urbanization    Increasing initiatives to crub vehicle emissions
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