Cruising Towards Green Roads Automotive Selective Catalytic Reduction Market Anticipated to Reach $15.05 Billion by 2026

Automotive Selective Catalytic Reduction (SCR) Market

OREGAON, PORTLAND, UNITED STATESย , December 4, 2023 /EINPresswire.com/ -- Allied Market Research published a report, titled, "Automotive Selective Catalytic Reduction (SCR) Market by Component (Urea Tank, Urea Pump, Engine Control Unit (ECU), and Injector), Vehicle Type (Passenger Vehicle and Commercial Vehicle), and Fuel Type (Gasoline and Diesel): Global Opportunity Analysis and Industry Forecast, 2019โ€“2026."According to the report, the global automotive selective catalytic reduction (SCR) industry was estimated at $6.05 billion in 2018, and is anticipated to hit $15.05 billion by 2026, registering a CAGR of 12.0% from 2019 to 2026.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ - https://www.alliedmarketresearch.com/request-sample/6380

๐“๐ก๐ž ๐ค๐ž๐ฒ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐š๐ง๐š๐ฅ๐ฒ๐ณ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐š๐ซ๐ž
Faurecia
Friedrich Boysen GmbH & Co., KG
Bosal
Johnson Matthey, Kautex Textron GmbH & Co., KG
Magneti Marelli SPA
Robert Bosch GmbH
Tenneco Inc.
Rochling Group
Plastic Omnium SA

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.

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ, ๐ซ๐ž๐ฌ๐ญ๐ซ๐š๐ข๐ง๐ญ๐ฌ, ๐š๐ง๐ ๐จ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ-

Implementation of emission control regulations by government and rise in automobile production fuel the growth of the global automotive selective catalytic reduction (SCR) market. On the other hand, increase in production of electric vehicles and high cost of catalysts restrain the growth to some extent. However, innovations in emission control catalysts and several government initiatives for emission reduction in developing nations are expected to create lucrative opportunities in the industry.

๐๐ซ๐จ๐œ๐ฎ๐ซ๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ - https://www.alliedmarketresearch.com/automotive-selective-catalytic-reduction-market/purchase-options

๐“๐ก๐ž ๐๐ข๐ž๐ฌ๐ž๐ฅ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐ญ๐จ ๐๐จ๐ฆ๐ข๐ง๐š๐ญ๐ž ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ”-

Based on fuel type, the diesel segment accounted for 99% of the global automotive selective catalytic reduction (SCR) market share in 2018, and is expected to rule the roost by the end of 2026. This is due to the widespread usage of diesel as a fuel in commercial vehicles. The gasoline segment, on the other hand, would grow at the fastest CAGR of 28.3% throughout the forecast period.

๐“๐ก๐ž ๐ฉ๐š๐ฌ๐ฌ๐ž๐ง๐ ๐ž๐ซ ๐œ๐š๐ซ๐ฌ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐ญ๐จ ๐ฆ๐š๐ข๐ง๐ญ๐š๐ข๐ง ๐ญ๐ก๐ž ๐๐จ๐ฆ๐ข๐ง๐š๐ง๐ญ ๐ฌ๐ก๐š๐ซ๐ž-

Based on vehicle type, the passenger cars segment contributed to more than two-thirds of the global automotive selective catalytic reduction (SCR) market revenue in 2018, and is anticipated to retain its top share till 2026, owing to availability of modern and advanced passenger cars in the developing economies. Simultaneously, the commercial vehicles segment would register the fastest CAGR of 12.7% from 2019 to 2026. This is attributed to rise in demand for better and efficient commercial vehicles across the globe.

๐€๐ฌ๐ข๐š-๐๐š๐œ๐ข๐Ÿ๐ข๐œ ๐ญ๐จ ๐๐จ๐ฆ๐ข๐ง๐š๐ญ๐ž ๐ญ๐ก๐ž ๐ฆ๐š๐ซ๐ค๐ž๐ญ, ๐๐จ๐ซ๐ญ๐ก ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š ๐ญ๐จ ๐ ๐ซ๐จ๐ฐ ๐ฌ๐ข๐ ๐ง๐ข๐Ÿ๐ข๐œ๐š๐ง๐ญ๐ฅ๐ฒ-

Based on geography, Asia-Pacific held the highest share in 2018, generating more than half of the global automotive selective catalytic reduction (SCR) market. The same region is also projected to portray the fastest CAGR of 15.1% by 2026. This is due to increased sale of passenger and commercial vehicles across the province. On the other hand, North America is anticipated to manifest the CAGR of 7.4% from 2019 to 2026.

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.

๐ˆ๐ง๐ญ๐ž๐ซ๐ž๐ฌ๐ญ๐ž๐ ๐ญ๐จ ๐๐ซ๐จ๐œ๐ฎ๐ซ๐ž ๐ญ๐ก๐ž ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ? ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ฒ๐ข๐ง๐  - https://www.alliedmarketresearch.com/purchase-enquiry/6380

๐’๐ข๐ฆ๐ข๐ฅ๐š๐ซ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐–๐ž ๐‡๐š๐ฏ๐ž ๐จ๐ง ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
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