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(Transportation-News.com, December 12, 2018 )
Stratview Research announces the launch of a new research report on Automotive Selective Catalytic Reduction (SCR) System Market. This 204-page extensive report from Stratview Research, studies the Automotive Selective Catalytic Reduction (SCR) System Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
This automotive SCR system market analysis has been segmented in four ways, keeping in mind the interest of all the stakeholders across the value chain.
• By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy-Duty Commercial Vehicle)- Passenger car is expected to remain the growth engine.
• By Catalyst Type (Copper Zeolite, Iron Zeolite, Others)- Copper Zeolite is expected to remain the most dominant catalyst type.
• By Catalyst Structure Type (Honeycomb, Others)- Honeycomb structure is expected to remain the most dominant type.
• By Region (North America, Europe, Asia-Pacific, Rest of the World)- Europe is expected to remain the largest automotive SCR system market.
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Automotive SCR System Market Insights
The global automotive SCR system market is projected to grow at an impressive rate over the next five years to reach US$ 3.2 billion in 2023. Incessant increase in the penetration of SCR system in diesel vehicles to address the stringent regulations regarding the NOx emission reductions and fuel efficiency enhancements is the prime growth driver of the market.
The supply chain of this market comprises raw material suppliers, SCR system suppliers, distributors, automotive OEMs, and dealers. Key automotive SCR system manufacturers are Tenneco Inc., Faurecia SA, Plastic Omnium SA, and Rochling Group. Major automotive OEMs in the industry, which currently relies on the SCR systems, are Ford, BMW, Renault, Citroen, and Audi. Development of integrated SCR systems and formation of strategic alliances with automakers are the key strategies adopted by the major players to gain a competitive edge in the market.
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Stratview Research
Ritesh Gandecha
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Source: EmailWire.Com
Source: EmailWire.com
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