Key Market Insights
"To improve productivity, industries are adopting noise control system"
The growing inclination of customers towards less-noisy products has influenced the global noise control system market. Noise pollution is one of the cause of stress increment in the work as well as residential locations. It has not only reduces the working efficiency of the employees but also putting them into stressful condition. To improve the work efficiency at work place, many companies are adopting noise control systems to improve the situation and thereby, the workability of their employees.
Industries such as manufacturing and construction are widely using noise control system to deal with high decibel sound present in the working site of these industries. As high sound lead to incapability of concentration, and that leads to health problems along with high stress. High stress and continuous disruption due to noise is impacting the productivity of the company. To improve this condition, there is growing demand for noise cancellation and control systems in the above mentioned industries.
Moreover, healthcare is one of the major adopting industry where there is high demand for noise control system. WHO have strictly warned countries to reduce noise pollution nearby hospitals to distress patient. Besides human, high decibel noise is also affecting the wild and marine life. As the living creatures are more depend on noise for their migration, there is disturb in their life cycle. Therefore, oil & gas industry and metal & mining industry is also adopting to the noise control system.
Overall, the global noise control system market was US$ 31.3 Bn in 2018 and expected to reach US$ 51.1 Bn by 2027, growing at a CAGR of 5.7% from 2019 to 2027.
Market Snapshot
Industry Vertical Segment Analysis
"Industrial segment dominating the market"
Based on the industry vertical, industrial segment captured the highest share of more than 50% of the global noise control system market in 2018. High adoption rate from industries such as manufacturing, healthcare, metal & mining, and construction have kept the industrial segment at the top of the segment. During the forecast period, the industrial segment expected to keep its dominance upto 2027.
Furthermore, commercial & residential segment are also growing due to growing noise pollution across the cities. In metro cities, vehicle traffic is the main cause of noise pollution. Further, availability of home sound proofing devices has helped the residential segment to show growing trend in recent past.
Regional Analysis
"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. Further, large number of automobile sector is adopting noise cancellation technology has further added to the regional market share. The region is expected to keep its dominance till 2027.
Besides North America, Asia Pacific is the 2nd largest region in the global noise control system market. The region has captured over 25% in 2018. Economic development causing growth in manufacturing and automotive industry expected to drive regional growth of the market. In addition, growing healthcare infrastructure in China, India, and other ASEAN countries expected to drive the market with CAGR of 6.3% throughout the forecast period.
Technological advancement is keeping the market competitive
The global noise control system market is competitive. Prominent players operating in the noise control system market are adopting strategies such as a partnership with other companies, acquisition of smaller players to increase their production capacity and geographical reach. Following is the list of players included in the published reports.
List of Companies Covered:
- YAMAHA Corp.
- Mitsubishi Electronics Corp.
- Saint Gobain
- Armstrong World Industries
- USG
- Knauf Gips KG
- Kinetics Noise Control
- Quietstone UK Ltd.
- Acoustical Surfaces, Inc.
- Noise Barriers
- FAIST | Umsetzung
- Nihon Onkyo
- Others
Key Industry Development:
- 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 existing model allows use of fewer noise-suppressing components on 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 Ceiling Solutions has introduced ACOUSTIBuilt™ 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) up to 48, indicating its ability to insure speech privacy by preventing sound from entering adjacent spaces.
Historical & Forecast Period
The research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.
Market Segmentation
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| Segmentation |
Product Type Segment (2017-2027; US$ Bn)
• Acoustic Panels
• Acoustic Tiles
• Acoustic Surface
• Sound Barrier Walls
• Baffles
• Others
|
|
Material Segment (2017-2027; US$ Bn)
• Fiberglass
• Foam
• Wood
• Plastic Sheets
• Concrete
• Others
|
|
Application Segment (2017-2027; US$ Bn)
• Residential
• Industrial
• Commercial
|
|
Industry Vertical Segment (2017-2027; US$ Bn)
• Manufacturing
• Automotive
• Healthcare
• Construction
• Metal & Mining
• Others
|
|
Geography Segment (2017-2027; US$ Bn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of APAC)
• Rest of the World (Middle East & Africa, Latin America)
|
The current report also comprehends qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that give a better market 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.
Unique data points of this report
- Recent trends across different regions in terms of development of noise control system market
- Attractive investment proposition for application segment as well as geography
Key questions answered in this report
- What was the market size of noise control system market in 2018 and forecast up to 2027?
- What are the key factors driving the global noise control system market?
- What are the key market trends and high-growth opportunities observed in the noise control system market?
- Which is the largest regional market for noise control system market?
- Which segment will grow at a faster pace? Why?
- Which region will drive the market growth? Why?
- Which players are leading the noise control system market?
- What are the key strategies adopted by the leading players operating in the market?
