North America leads the global noise control systems market, while Asia Pacific is expected to see significant growth and maintain a strong position. Other regions are also contributing to market growth, creating opportunities for manufacturers.
The global noise control system market, which reached a valuation of US$ 6.4 billion in 2023, is poised for a resilient journey of recovery and expansion. Forecasts indicate a significant resurgence, with the market expected to exceed US$ 10.3 billion by 2033, maintaining a consistent Compound Annual Growth Rate (CAGR) of 4.8% from 2023 to 2033. This upward trajectory underscores the industry's adaptability and resilience in overcoming challenges.
Despite facing significant obstacles during the widespread Covid-19 crisis, including a temporary downturn in demand for noise control systems, the market has exhibited remarkable resilience. The pandemic disrupted various sectors, impacting construction projects, manufacturing, and commercial activities. However, global manufacturers responded with innovative strategies to mitigate the crisis's effects, demonstrating their commitment to overcoming setbacks and propelling the industry forward.
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Key Trends in Industrial Noise Control Units: Polymer & Composites, Vibration Isolation, and Sales Analysis
Polymer and composites are the preferred materials for manufacturing industrial noise control units due to their superior soundproofing properties compared to glass, metal, and fabric. Recent advancements in composite materials offer biodegradability and recyclability, boosting sales.
Vibration isolation units, crucial for minimizing the impact of vibrations on industrial machines, are highly sought after. Over 80% of industrial noise control units sold by 2020 were equipped with vibration isolation units.
Among different vibration isolation units, isolation mounts saw higher sales in 2020 and are expected to maintain this trend due to ongoing advancements and efficiency improvements.
Flexible noise control units accounted for the second-highest sales during the forecast period, as both flexible and rigid units effectively address noise pollution issues in the industrial sector.
Industrial Noise Control Trends: Internal vs. External Applications, Manufacturing Dominance, and Regional Demand
Market Competition: Innovation and Product Certification Drive Noise Control System Manufacturers
Key players such as Saint Gobain, Armstrong World Industries, Inc, USG Corporation, GP Industries Ltd, Knauf Insulation Inc., SIAC PTE LTD, Kinetics Noise Control, Inc., QUIET STONE UNITED KINGDOM LTD, Acoustical Surfaces, Inc., Acoustical Solutions Llc, Noise Barriers, LLC, and others in the noise control system market are strategically focusing on product innovation and obtaining certifications. These efforts aim to offer an enhanced range of noise control solutions, attracting and retaining customers in the competitive landscape.
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Noise Control System Market Segmentation:
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Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market.
Feb 19, 2024