Global Selective Catalytic Reduction Market Projected to Reach USD 152.81 Mn by 2026

03-Mar-2020 | Facts and Factors

Findings from Facts and Factors report “Selective catalytic reduction Market By Type (Anhydrous Ammonia-SCR, Aqueous Ammonia-SCR, and Urea-SCR) and by Application (Transportation, Power Industry, Chemical Industry, Steel Plant and Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026” states that the global Selective Catalytic Reduction Market in 2019 is approximately USD 14,540.8 Mn and the volume is estimated to account for44,763 Mn Units. The market is expected to grow at a CAGR of 8.6% and is anticipated to reach around USD 152.81 Mn by 2026.

Selective Catalytic Reduction (SCR) is an emission-controlling framework extensively used to reduce the emission of nitrogen oxide. SCR is used to curb the hazardous gases emitted into the environment by various industries and vehicles. Selective catalytic reduction works on anhydrous or aqueous ammonia, aqueous ammonia, or urea SCR for the reduction reaction. The Selective catalytic reduction provides several advantages for instance, better fuel economy, easy installation, and meets several emission standards among others.

Browse the full “Selective catalytic reduction Market – By Type (Anhydrous Ammonia-SCR, Aqueous Ammonia-SCR, and Urea-SCR) and By Application (Transportation, Power Industry, Chemical Industry, Steel Plant and Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026" report at https://www.fnfresearch.com/selective-catalytic-reduction-market-by-type-anhydrous-ammonia-885

Selective catalytic reduction (SCR) has wide applications in various applications including oil and gas, steel plant, chemical industry, power generation industry, and automotive industry. Selective catalytic reduction (SCR) is also used in some of the many different applications of off-road engines and equipment. Furthermore, manufacturers operating in the selective catalytic reduction market are expanding in industry verticals such as marine, and material handling among others to reduce the emission of harmful gases. Owing to wide application areas of selective catalytic reduction (SCR) the market is expected to drive demand. In addition, several government organizations are focusing on reducing the emission of nitrous oxide to control environmental threats caused by such gases. This is one of the primary drivers of the selective catalytic reduction market. Furthermore, the market is experiencing several mergers and acquisitions among top companies across the map to expand its global presence in the selective catalytic reduction market.

Additionally, the manufacturers operating in the Selective Catalytic Reduction market are focused on improving Selective Catalytic Reduction performance by introducing safe and high-performance devices that detect hazardous gas emissions during the manufacturing process of chemicals, transportation, and others.

By product type, the market is divided into Anhydrous Ammonia-SCR, Aqueous Ammonia-SCR, and Urea-SCR. Urea SCR type accounted for the largest market share of 64% in the year 2019. The growth of the Urea segment is accelerated due to the non-toxic nature of Urea. The global Aqueous Ammonia-SCR type contributed to USD 3,568.9Mn in 2019 accounting for the second largest segment of the Selective Catalytic Reduction market. By application, the market is classified into transportation, power industry, chemical industry, steel plant, and others. Transportation application led the market accounting for the largest market share of 46% in 2019 owing to the increase in the number of passenger vehicles globally.

Geographically, the global Selective Catalytic Reduction Market was dominated by the Asia Pacific by generating revenues worth USD 6588.6Mn in 2019. This dominance is majorly attributed to the rising demand for selective catalytic reduction usage in automotive & transportation, marine, chemical, and oil & gas end-use industries. Furthermore, North America is set to observe the second-fastest growth with a market share of 25% over the forecast period.

Report Scope

There are several key players operating in the Selective Catalytic Reduction Market around the globe some of them include Johnson Matthey, Hitachi Zosen, Wartsila, GEA, Babcock & Wilcox, Dürr, Rochling, Scheuch GmbH, Eminox, DCL International, Baumot, Babcock Power Environmental, VoSS, and Others.

This report segments the Selective Catalytic Reduction Market as follows:

Global Selective catalytic reduction Market: By Product TypeSegmentation Analysis

• Anhydrous Ammonia-SCR
• Aqueous Ammonia-SCR
• Urea-SCR

Global Selective catalytic reduction Market: By Application Segmentation Analysis

• Transportation
• Power Industry
• Chemical Industry
• Steel Plant
• Others

Global Selective Catalytic Reduction Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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