GITNUX MARKETDATA REPORT 2024

Selective Catalytic Reduction Industry Statistics

Selective Catalytic Reduction industry statistics indicate a growing demand for SCR systems due to increasingly stringent emissions regulations worldwide.

Last Updated: June 23, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we explore the dynamic landscape of the selective catalytic reduction (SCR) industry through a series of compelling statistics. The SCR market is experiencing significant growth and evolution, driven by various factors such as regulatory standards, technological advancements, and market demands across different regions and sectors. Let’s dive into the key statistics shaping the present and future of the SCR industry.

Statistic 1

"The SCR systems segment for mobile applications is expected to witness a CAGR of 8.7% from 2021 to 2028."

Statistic 2

"The penetration rate of SCR systems in light-duty vehicles in Europe is projected to reach 75% by 2025."

Statistic 3

"The North American SCR market is projected to reach USD 7.8 billion by 2026."

Statistic 4

"The cost of ammonia for SCR systems can significantly affect the operating expenses of such systems."

Statistic 5

"In 2020, the Asia-Pacific region held the largest market share of the global SCR market."

Statistic 6

"The global SCR market size was valued at USD 18.56 billion in 2020."

Statistic 7

"The industrial sector is anticipated to account for over 30% of the total SCR market demand by 2025."

Statistic 8

"In India, the SCR market is expected to grow at a CAGR of 11.5% from 2020 to 2026."

Statistic 9

"The transportation sector is rapidly adopting SCR technology, particularly in heavy-duty trucks and buses."

Statistic 10

"The European SCR market is expected to witness significant growth due to stringent emission regulations."

Statistic 11

"The marine industry is increasingly adopting SCR technology to comply with IMO 2020 regulations."

Statistic 12

"The use of SCR technology helps in reducing nitrogen oxide (NOx) emissions by up to 90%."

Statistic 13

"Germany is the leading market in Europe for SCR systems used in automobiles."

Statistic 14

"The installation cost of SCR systems for power plants ranges from USD 100 to 300 per kilowatt."

Statistic 15

"The SCR market is expected to grow at a CAGR of 9.2% from 2021 to 2028."

Statistic 16

"Major players in the SCR market include BASF, Johnson Matthey, and Alstom."

Statistic 17

"Newer SCR systems are incorporating advanced control systems to optimize performance."

Statistic 18

"The adoption of SCR technology in the agricultural sector is still in its nascent stage but is expected to grow."

Statistic 19

"By the end of 2025, the SCR market in China is expected to grow at a CAGR of 10.9%."

Statistic 20

"Increased emphasis on air quality and environmental sustainability is a major driver of the SCR market."

The selective catalytic reduction (SCR) industry is poised for significant growth and transformation in the coming years, driven by a variety of factors including technological advancements, stringent emission regulations, and increasing awareness of environmental sustainability. With key markets like Europe, North America, and Asia-Pacific leading the way, the global SCR market is expected to expand rapidly, especially in sectors such as transportation, industrial, and marine. Major players in the industry are already investing in innovative solutions to optimize SCR system performance, while emerging markets like India and China present attractive opportunities for future growth. As the demand for SCR technology continues to rise, it is clear that the industry’s impact on reducing harmful emissions and promoting cleaner air quality will only become more pronounced in the years to come.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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