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Automotive Selective Catalytic Reduction (SCR) Market to Garner $15.05 Billion by 2026: AMR

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Portland, OR, July 06, 2020 (GLOBE NEWSWIRE) — As per the report published by Allied Market Research, the global automotive SCR market accounted for $6.05 billion in 2018, and is anticipated to $15.05 billion by 2026, growing at a CAGR of 12.0% from 2019 to 2026.Implementation of emission control regulation by government and increase in automobile production have boosted the growth of the global automotive SCR market. However, surge in production of electric vehicles and high cost of catalysts hamper the market growth. On the contrary, innovations in emission control catalysts and government initiatives for emission reduction in developing nations are expected to create lucrative opportunities in the near future.Download Report Sample (210 Pages PDF with Insights, Charts, Tables, Figures) @ https://www.alliedmarketresearch.com/request-sample/6380The global automotive SCR market is segmented on the basis of component, vehicle type, fuel type, and geography. Based on component, the market is divided into urea tank, urea pump, engine control unit (ECU), and injector. The urea tank segment held the largest share in 2018, accounting for around two-fifths of the market. However, the injector segment is projected to register the highest CAGR of 15.3% during the forecast period.On the basis of vehicle type, the market is segmented into passenger cars and commercial vehicles. The passenger cars segment dominated the market in 2018, accounting for nearly three-fourths of the market. However, the commercial vehicles segment is projected to register the portray the highest CAGR of 12.7% during the forecast period.Get detailed COVID-19 impact analysis on the Automotive SCR Market @ https://www.alliedmarketresearch.com/request-for-customization/6380?reqfor=covidBased on fuel type, the market is categorized into gasoline and diesel. The diesel segment held the largest share in 2018, contributing to more than 99% of the market. However, the petrol segment is projected to register the highest CAGR of 28.3% from 2019 to 2026.The global automotive SCR market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific dominated the market in 2018, accounting for more than half of the market, and is projected to register the highest CAGR of 15.1% during the forecast period.Interested to Procure The Data? Inquire here @ https://www.alliedmarketresearch.com/purchase-enquiry/6380The global automotive SCR market report includes an in-depth analysis of the major market players such as Faurecia, Bosal, Johnson Matthey, Friedrich Boysen GmbH & Co., KG., Magneti Marelli SPA, Kautex Textron GmbH & Co., KG, Robert Bosch GmbH, Plastic Omnium SA, Rochling Group, and Tenneco Inc.Similar Report We Have (10% Discount):Automotive Electronic Control Unit (ECU) Market 2020-2030: The global automotive electronic control unit (ECU) market is segmented on the basis of technology, vehicle type, and geography.Drive by Wire Market 2020-2030: The global drive by wire market is segmented into application, vehicle type, component and region.Automotive Hydrostatic Fan Drive System Market 2020-2030: The global automotive hydrostatic fan drive system market is segmented based on vehicle type, component, pump type, and region.Body Control Module Market 2020-2030: The body control module market is segmented into type, vehicle type, application and region.Automotive Fuel Delivery and Injection Systems Market 2020-2030: The global automotive fuel delivery and injection system market encompasses vehicle type, fuel type and injector type of the Automotive fuel delivery and injection system market.Gasoline Direct Injection (GDI) System Market 2020-2030: The gasoline direct injection (GDI) system market is expected to witness high growth during the forecast period owing to advantages such as engine downsizing, improved engine performance & thermal efficiency, high fuel efficiency, turbocharging, and significant reduction in emission.About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.Contact:
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