Global Selective Catalytic Reduction Market for Diesel Commercial Vehicles 2016-2020

Overview of the global selective catalytic reduction (SCR) market for diesel commercial vehicles

Technavio’s market research analyst predicts the global selective catalytic reduction (SCR) market for diesel commercial vehicles to grow at a CAGR of more than 9% between 2016 and 2020. Several government across the globe are formulating various vehicular emission norms to check particulate vehicle emissions owing to the alarming rise of health hazards caused due to vehicular pollution. Diesel engines contribute to a major part of vehicular emissions, which has propelled the use of SCR in vehicles to control the emission levels of nitrogen oxide from diesel engines. OEMs are focusing on improving the fuel economy and power output of their vehicles by equipping SCR in vehicles. SCR controls the emission of nitrous oxide by injecting automotive grade urea into the exhaust area of the vehicle and facilitate the conversion of nitrogen oxides into water, nitrogen, and carbon dioxide.

One of the latest trends gaining traction in this market is the emergence of single module aftertreatment device. Recently, Cummins has come up with an aftertreatment system that integrates SCR, diesel oxidizing catalyst, and diesel particulate filter (DPF) into a single module called single module aftertreatment. The system is designed to meet fuel-efficiency and greenhouse gas standards for EPA 2017. It has more ash holding potential, and eliminates the use of exhaust gas recirculation value (EGR). At present, the module is fabricated exclusively for midrange and heavy-duty engine applications.

Competitive landscape and key vendors

Characterized by a limited number of well-established vendors, the global SCR market for diesel commercial vehicles is highly competitive. Factors such as technological advancements and government regulations will intensify the competition in the market over the forecast period. The implementation of Euro 6 standards has propelled vendors to come up with efficient testing system to maintain effective control over the emission levels of their cars. In the coming years, OEMs will get into long-term alliances with SCR vendors as the quality of materials used and the design are unique to each vendor.

Leading vendors in the market are -

• Tenneco
• Faurecia
• Bekaert
• Corning
• Katcon

Segmentation by application and analysis of the SCR market for diesel commercial vehicles

• Light commercial vehicle (LCV)
• Medium commercial vehicle (MCV)
• Heavy commercial vehicle (HCV)

The LCV segment held the highest volume of the SCR market for diesel commercial vehicles during 2015. The major countries dealing in the SCR market for LCVs are China, Japan, Middle East, Spain, France, and Germany. The sales of SCR volume are anticipated to increase by 2020 as the vehicle emission norms are getting increasingly stringent on NOx emission. Such developments will further augment the growth of this segment over the predicted period.

Geographical segmentation and analysis of the SCR market for diesel commercial vehicles

• Americas
• APAC
• EMEA

APAC dominated the global market during 2015 and is estimated to lead the market during the forecast period. Much of the region’s growth comes from the increased use of HCVs and LCVs. Factors such as increase of investments in infrastructural development and subsequent need for additional commercial vehicles by construction companies for transportation facilities are driving the growth of this market in APAC. With the growing use of HCVs, MCVs, and LCVs to facilitate transportation, there will be huge growth in the SCR market for diesel commercial vehicles in APAC.

 Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global SCR market for diesel commercial vehicles?
• What are the key market trends impacting the growth of the global SCR market for diesel commercial vehicles?
• What are the challenges to market growth?
• Who are the key vendors in the global SCR market for diesel commercial vehicles?
• What are the market opportunities and threats faced by the vendors in the global SCR market for diesel commercial vehicles?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global SCR market for diesel commercial vehicles?

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• Global Exhaust Sensors Market 2016-2020
• Global Automotive Catalytic Converter Market 2015-2019