Navigating the Dynamics of the Automotive SCR System Market: Trends and Challenges
The automotive SCR system market is projected to grow at an impressive CAGR of 1.8% over the next five years to reach USD 3.2 billion in 2023.
An automotive SCR system is mainly an active emission control system that inserts a redundant fluid in the diesel engine's exhaust stream. This fluid starts a reaction as a result of which nitrogen oxides get converted into nitrogen, a small amount of carbon dioxide, and water. An automotive SCR system is important because it is helpful in reducing emissions from diesel engines in a fuel-efficient and cost-effective way. The system is capable of reducing NOx emissions by up to 90 percent