Selective Catalytic Reduction (SCR) Market to Grow at CAGR of 6.87% Through 2029

Growing environmental awareness and a focus on sustainable practices drive the demand for SCR systems across automotive and industrial sectors are the factors driving market in the forecast period 2025-2029.

According to TechSci Research report, “Selective Catalytic Reduction (SCR) Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, The Global Selective Catalytic Reduction (SCR) Market size reached USD 18.52 Billion in 2023 and is expected to reach USD 27.50 Billion by 2029, growing with a CAGR of 6.87% during the forecast period through 2029.

The Global Selective Catalytic Reduction (SCR) Market is experiencing robust growth, driven by the imperative to address escalating concerns about air pollution and meet stringent emission standards. SCR technology serves as a key solution for reducing nitrogen oxides (NOx) emissions, a major contributor to environmental pollution and respiratory issues. The market spans diverse applications, primarily in the automotive and industrial sectors, and is characterized by the integration of SCR systems into exhaust aftertreatment systems.

In the automotive sector, SCR technology is widely deployed to curb NOx emissions from internal combustion engines, particularly in diesel-powered vehicles. The integration of SCR systems involves the injection of a urea-based solution, such as AdBlue, into the exhaust stream, initiating a chemical reaction that converts NOx into harmless nitrogen and water vapor. The adoption of SCR in diesel vehicles is critical for complying with stringent emission standards set by regulatory bodies like the European Union's Euro VI standards and the Environmental Protection Agency (EPA) in the United States.

Geographically, Europe stands out as a major hub for SCR technology adoption, with early and widespread adherence to stringent emission standards. European countries have been at the forefront of integrating SCR systems into vehicles and industrial processes to meet regulatory requirements. Additionally, Asia-Pacific is emerging as a dynamic market, fueled by rapid industrialization, a growing automotive sector, and increasing environmental awareness.

The market is marked by continuous technological advancements, with a focus on developing more efficient catalysts, improving system integration, and expanding applications into new sectors. Innovations aim to enhance overall performance, reduce maintenance requirements, and make SCR technology more adaptable to various operating conditions. As the global community intensifies efforts to combat climate change, the SCR market is poised for sustained growth, playing a crucial role in achieving cleaner and more sustainable transportation and industrial practices.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on " Global Selective Catalytic Reduction (SCR) Market.”

The global Selective Catalytic Reduction (SCR) Market is segmented into vehicle type, application, type and region.

Based on vehicle types, primarily distinguishing between passenger cars and commercial vehicles. This segmentation reflects varying demands and applications across different vehicle categories, each contributing uniquely to the market's overall dynamics. In the passenger car segment, SCR technology plays a critical role in meeting stringent emission regulations, particularly those targeting nitrogen oxides (NOx). These regulations are becoming increasingly stringent globally, driven by environmental concerns and governmental policies aimed at reducing air pollution. Passenger cars equipped with SCR systems are designed to convert NOx emissions into harmless nitrogen and water, thereby significantly lowering the environmental impact of these vehicles. As emissions standards continue to tighten, the adoption of SCR technology in passenger vehicles is expected to grow steadily. This segment's growth is also supported by increasing consumer awareness about environmental issues and a rising preference for eco-friendly vehicles. Although the adoption rate is influenced by factors such as vehicle type and regional regulations, the passenger car segment remains a substantial part of the SCR market due to its large volume and the widespread implementation of emission control technologies in everyday vehicles.

The commercial vehicle segment, including trucks and buses, is witnessing rapid growth in the SCR market. This segment is driven by several factors, including stricter emissions regulations, the need for better fuel efficiency, and the growing emphasis on reducing operational costs. Commercial vehicles, which are major contributors to NOx emissions due to their high engine outputs and extensive usage, are increasingly adopting SCR technology to comply with stringent regulatory standards. The adoption of SCR systems in this segment is further accelerated by government incentives and regulations that mandate the installation of advanced emission control systems in new commercial vehicles. The need for SCR in commercial vehicles is also underscored by the sector's shift towards more sustainable practices, including efforts to improve air quality and reduce the environmental impact of freight and public transportation.

Among these segments, the commercial vehicle market is currently the fastest-growing sector for SCR technology. The primary drivers of this growth include the implementation of robust emission standards globally, particularly in regions like Europe and North America, where regulations are most stringent. Additionally, the increasing number of commercial vehicles on the road and their significant contribution to overall NOx emissions make them a focal point for emission control technologies. The rapid expansion of the logistics and transportation sectors, coupled with government policies promoting cleaner technologies, further bolsters the demand for SCR systems in commercial vehicles.

Major companies operating in Global Selective Catalytic Reduction (SCR) Market are:

• Johnson Matthey Group
• Faurecia SE
• Cummins Inc.
• OPmobility SE (Plastic Omnium)
• Röchling Group 
• Tenneco Inc.
• Robert Bosch GmbH.
• Bosal Emission Control Systems
• MANN+HUMMEL GmbH
• BENTELER International

Download Free Sample Report

Customers can also request 10% free customization in this report.

“The Selective Catalytic Reduction (SCR) technology is pivotal for achieving substantial reductions in nitrogen oxides (NOx) emissions from both vehicles and industrial processes. With a global shift towards cleaner and more sustainable practices, SCR systems are deemed indispensable in meeting stringent emission standards and fostering environmental responsibility. Experts emphasize ongoing innovations in catalyst design, system efficiency, and cross-sector collaborations as key drivers propelling the SCR market forward,” said Mr. Karan Chichi, Research Director of TechSci Research, a research-based management consulting firm.

“Selective Catalytic Reduction Market – Global Industry Size, Share, Trends Opportunity, and Forecast, Segmented By Application (Diesel Powered Vehicles and Gasoline Powered Vehicles), By Type (Tracking and Optimization), By Vehicle Type (Passenger Cars, Commercial Vehicles), By Region & Competition 2019-2029F”, has evaluated the future growth potential of Global Selective Catalytic Reduction (SCR) Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Selective Catalytic Reduction (SCR) Market.

Contact

Techsci Research LLC

420 Lexington Avenue, Suite 300,

New York, United States- 10170

M: +13322586602

Email: [email protected]

Website: www.techsciresearch.com