United States Automotive SCR Systems Market Size, Share, Opportunities, And Trends 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)) And Geography - Forecasts From 2019 To 2024

The U.S. automotive Selective Catalytic Reduction (SCR) systems market was valued at US$XX.XX billion in 2018 and is expected to grow at a CAGR of XX.XX% over the forecast period to reach a total market size of US$XX.XX billion by 2024. 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 to this, increasing sales of heavy duty trucks, due to 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 the 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. Last step involves complete market engineering which includes analysing 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 faster and 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)

Key Questions answered by the report

What is the U.S. automotive SCR systems market size from 2019 to 2024?

How are the major drivers and restraints affecting the U.S. automotive SCR systems market and the opportunities which exist for the key vendors?

Which segment and region will drive or lead the market growth and why?

A comprehensive analysis of competitive landscape and key market participants behaviour

Key strategies being adopted by vendors, with in-depth analysis of their impact on competition and market growth.