The U.S. automotive Selective Catalytic Reduction (SCR) systems market is anticipated to expand at a high CAGR over the forecast period.
The growth of this market is being driven by stringent regulations regarding emission control in vehicles running on diesel or gasoline engines. The US Environmental Protection Agency (EPA), in accordance with the Clean Air Act, establishes stringent federal standards for engines and vehicles in order to keep a check on emissions through vehicles and ensure good air quality. California EPA has the right to promulgate even more stringent emission control standards and other states can either choose to adopt these standards or the federal ones.
Since all the states in the country are required to adhere to these standards, non-compliance to which may lead to severe penalties, automakers are adopting advanced emission control technologies for emission control. In conjunction with this, increasing sales of heavy-duty trucks, due to the growth of some aligned industry verticals in this country, is further increasing the adoption of advanced emission control technologies by the automakers, and thus boosting the growth of SCR systems market.
This research study examines the current market trends related to demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases, and journals among others have been taken into consideration while conducting the secondary research.
Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the U.S. automotive SCR systems value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and more efficient understanding of the U.S. automotive SCR systems market.
Major market players profiled as part of the report are Miratech, MKS Instruments, Babcock & Wilcox Enterprises, Inc., Tenneco Inc. and Perkins Engines Company Limited.
Segmentation
The U.S. automotive SCR systems market is segmented by component and vehicle type.
By Component
SCR Catalyst
Urea System
Tank
Dosing Control Unit
Urea Level Sensor
Temperature Sensor
Others
By Vehicle Type
Light Duty (> 10,000 lb)
Medium Duty (10,001-26,000 lbs)
Heavy Duty (< 26,001 lbs)