Global Selective Catalytic Reduction Market For Diesel Commercial Vehicles Driven By Thriving Transportation Sector
The report, titled “Global Selective Catalytic Reduction Market for Diesel Commercial Vehicles 2016-2020,” examines the key driving and restraining factors that are expected to influence the global market during the forecast period, besides highlighting a few emerging trends and presenting a complete competitive landscape among the prominent players. Taking all factors into consideration, the report projects a robust CAGR of 9.41% in the global market for SCR for diesel commercial vehicles during the forecast period of 2016 to 2020.
Fitted in the exhaust system of the vehicles, selective catalytic reduction is used to control the levels of nitrogen oxide emitted from diesel engines. With growing awareness regarding rising pollution levels, several governments across the world are taking steps to reduce the contamination of nature and hence the demand for SCR for diesel commercial vehicles is expanding. These selective catalytic reduction systems convert nitrogen oxides into nitrogen, carbon dioxide, and water.
The report highlights the penetration of diesel engines in heavy, medium, and light commercial vehicles as another factor that is driving the demand for SCR. These vehicles are the backbone of transportation, which serves the demand from several industries that depend on road for freight movement.
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Conversely, the report observes some of the challenges in the global market for selective catalytic reduction for diesel commercial vehicles, such as alternatives for SCR in countries with less stringent emission norms, effective infrastructure for distribution of urea solutions to CSR installed trucks, promotion of alternative fuels, and the development of electric and hybrid commercial vehicles.
According to the report, a few of the trends emerging in the market are the proliferation of advanced Euro emission standards (Euro 5 and Euro 6) in emerging countries and the emergence of single module after-treatment devices. An in-depth analysis of all these drivers, restraints, and trends have been provided in this 57-page report.
The report segments the global SCR market for diesel commercial vehicles in terms of application and geography. By application, the market has been segmented into heavy commercial vehicles (HCVs), medium commercial vehicles (MCVs), and light commercial vehicles (LCVs). Geographically, the report studies the regional markets of America, Asia Pacific, and Europe, the Middle East, and Africa.
Some of the prominent companies in the global market for selective catalytic reduction for diesel commercial vehicles, which are profiled in this report include: Bekaert, Corning, Tenneco, Faurecia, and Katcon.
This report has been prepared based on an in-depth market analysis with inputs from several industry experts and aims to serve as an asset for the players wanting to make informed decisions in the global market for selective catalytic reduction for diesel commercial vehicles. Compiled after extensive primary and secondary research, the report contains findings that are reliable and verifiable. Research techniques such as Porter’s five forces analysis and SWOT analysis have also been included to present a thorough study.
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