LONDON--(BUSINESS WIRE)--Technavio market research analysts forecast the global automotive diesel nitrogen oxide (NOx) emission control catalysts market to grow at a CAGR of over 5% during the period 2018-2022, according to their latest report.
The implementation of advanced Euro emission norms in emerging countries is one of the major trends being witnessed in the market. Euro 6 emission standards are the latest emission norms, which control and maintain the levels of harmful pollutants and emissions such as CO, NOx, HC, and PM. Various Euro emission standards were formulated to curb the use of leaded gasoline and control CO emissions. It is estimated that in 2016, in India, vehicular emissions contributed to approximately 18% NOx emissions, 50% HC emissions, and 59% CO emissions. The Indian government is currently following BS 4 emission norms that are equivalent to Euro 4 emission norms. However, due to delays in the availability of 50ppm sulfur fuel that is essential for following Euro 4, these norms could not be implemented nationwide.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
In this report, Technavio analysts highlight the increasing penetration of diesel engine vehicles as a key factor contributing to the growth of the global automotive diesel nitrogen oxide emission control catalysts market:
Increasing penetration of diesel engine vehicles
Several LCVs and HCVs have diesel internal combustion (IC) engines. HCVs are usually used to transport heavy cargo over long distances. As a result, these vehicles require a high amount of torque. Diesel engines can produce considerable torque at low revolutions per minute (RPMs). The driving force produced by diesel engines is more when compared with gasoline engines. Thus, commercial fleet owners prefer diesel vehicles for logistics and freight transportation. Diesel engines emit substantial NOx and PM compared with gasoline engines. These gases negatively impact the environment and human health.
After treatment technologies such as SCR and LNT use catalysts to control diesel NOx emission levels. These technologies reduce NOx and PM emissions while certifying optimum utilization of a diesel engine’s enhanced performance. Low-cost of diesel and fuel efficiency are increasing the demand and sales of diesel vehicles across the globe. Furthermore, rising fuel prices have caused an increase in the demand for fuel-efficient vehicles.
According to a senior analyst at Technavio for automotive components, “OEMs are strategizing to improve the fuel economy and power output of their vehicles by decreasing emissions. HCVs using emission control technologies such as SCR system experience an improvement in fuel economy by up to 5%. The SCR system permits higher NOx conversion efficiency. Thus, the engine is optimally utilized, which improves its fuel economy. The SCR system provides better fuel efficiency compared with the EGR system.”
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Global automotive diesel nitrogen oxide emission control catalysts market segmentation
This market research report segments the global automotive diesel nitrogen oxide emission control catalysts market based on vehicle type (commercial vehicle and passenger vehicle) and key regions (the Americas, APAC, and EMEA). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The Americas was the leading region for the global automotive diesel nitrogen oxide emission control catalysts market in 2017, accounting for a market share of close to 43%. This region will witness substantial growth during the forecast period.
Personalize this report according to your needs: Request a customization
Technavio’s analysts and industry experts will work directly with you to understand your requirements. We offer USD 1,000 worth of FREE customization at the time of purchase.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.