![Automotive Selective Catalytic Reduction (SCR) Market](https://www.skyquestt.com/assets/frontend/images/upcoming_reports_cover_image.jpg)
Report ID: UCMIG25A2105
Report ID:
UCMIG25A2105 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2022, the global market for Selective Catalytic Reduction (SCR) in the automotive industry was valued at approximately USD 13.14 billion. Projections indicate substantial growth, with the market expected to increase from USD 13.85 billion in 2023 to USD 20.90 billion by 2030, reflecting a steady compound annual growth rate (CAGR) of 6.1% throughout the forecast period. SCR systems play a crucial role in enhancing the fuel efficiency and overall performance of diesel engines while simultaneously reducing harmful emissions. These systems achieve this by injecting a urea-based solution, such as Ad Blue, into the exhaust system, transforming NOx into benign Nitrogen and water vapor.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Auto Parts & Equipment by segment aggregation, the contribution of the Auto Parts & Equipment in Automobiles & Components and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG25A2105