The market for Noise Control System Market is expected to reach US$ 51.1 Mn By 2027.
The growing inclination of customers toward less-noisy products has influenced the global market for noise control systems. Noise pollution is one of the leading causes of the workplace and residential stress. It has not only reduced the working efficiency of the employees but also put them in stressful conditions. To improve work efficiency at the workplace, many companies are adopting noise control systems to improve the situation and, thereby, the workability of their employees.
Noise control systems are widely used in industries such as manufacturing and construction to deal with the high-decibel sounds present on their working sites. High sounds cause an inability to concentrate, which leads to health problems as well as high stress. High stress and continuous disruption due to noise are impacting the productivity of the company. To improve this condition, there is a growing demand for noise cancellation and control systems in the above-mentioned industries.
Moreover, healthcare is one of the major adopting industries where there is a high demand for noise control systems. To avoid distressing patients, the WHO has strongly advised countries to reduce noise pollution near hospitals. Besides humans, high-decibel noise is also affecting wild and marine life. As living creatures are more dependent on noise for their migration, there is a disruption in their life cycle. As a result, the oil and gas industry, as well as the metal and mining industries, are implementing noise control systems.The global market for noise control systems was worth $31.3 billion in 2018 and is expected to reach $51.1 billion by 2027, growing at a 5.7% CAGR from 2019 to 2027.
Market dominance by the industrial segment
Based on the industry vertical, the industrial segment captured the highest share of more than 50% of the global noise control system market in 2018. The industrial segment has remained at the top of the segment due to high adoption rates from industries such as manufacturing, healthcare, metals and mining, and construction. During the forecast period, the industrial segment was expected to keep its dominance up until 2027.
Furthermore, the commercial and residential segments are also growing due to growing noise pollution across the cities. In metropolises, vehicle traffic is the main cause of noise pollution. Further, the availability of home soundproofing devices has helped the residential segment show a growing trend in the recent past.
North America dominating the global market by region
Based on the region, the global noise control system market was dominated by North America, accounting for more than 40% of the market share in the year 2018. In North America, the U.S. captured the major share of the regional market, pertaining to the high demand for noise control devices in hospitals and residential complexes. Furthermore, a large number of automobile manufacturers are implementing noise-cancellation technology, which has increased regional market share. The region is expected to maintain its dominance until 2027.
Aside from North America, Asia Pacific is the world's second-largest market for noise control systems. The region captured over 25% in 2018. Economic development, resulting in growth in the manufacturing and automotive industries, is expected to drive regional market growth. In addition, growing healthcare infrastructure in China, India, and other ASEAN countries is expected to drive the market with a CAGR of 6.3% throughout the forecast period.
Technological advancement keeps the market competitive.
The global market for noise control systems is competitive. Prominent players operating in the noise control system market are adopting strategies such as partnerships with other companies and the acquisition of smaller players to increase their production capacity and geographical reach. Following is the list of players included in the published reports.
In December 2019, Mitsubishi Electronics Corp. announced the launch of SLIMDIPTM-W, a new high-performance intelligent power module (IPM). This will enable washing machines, air conditioners, and various small-capacity motor drives to lower motor noise and consume less power. Less noise compared to that of the existing model allows the use of fewer noise-suppressing components on the circuit board for smaller, lower-cost inverter systems. With this new product launch, the company is expected to improve its market share in the global market.
In June 2019, Armstrong Ceilings Solutions introduced ACOUSTIBuiltTM Seamless Acoustical Ceilings, a new ceiling system that provides the look of drywall but performs like an acoustical ceiling. The installed system achieves a noise reduction coefficient (NRC) of up to 0.70, indicating it absorbs up to 70% of the sound that strikes it, and also has an extremely high ceiling attenuation class (CAC) of up to 48, indicating its ability to insure speech privacy by preventing sound from entering adjacent spaces.
The research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.
The current report also encompasses qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities that give a better understanding of the global noise control system market. Additionally, the global report also comprises a graphical representation of a competitive landscape based on their market initiatives and strategies, product portfolio, and business strengths.Recent trends across different regions in terms of the development of the noise control system market attractive investment propositions for application segments as well as geography
The market for Noise Control System Market is expected to reach US$ 51.1 Mn By 2027.
The Noise Control System Market is expected to see significant CAGR growth over the coming years, at 5.7%.
The report is forecasted from 2019-2027.
The base year of this report is 2018.
YAMAHA Corp., Mitsubishi Electronics Corp., Saint Gobain, Armstrong World Industries, Knauf Gips KG are some of the major players in the global market.