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Noise Control System Market to Surpass US$ 51.1 BN by 2027- Credence Research

Noise Control System

iCrowdNewswire   Feb 8, 2021  7:15 AM ET

The global noise control system market was US$ 31.3 Bn in 2018 and expected to progress with CAGR of 5.7% from 2019 to 2027, reaching US$ 51.1 Bn in 2027.

Market Insights

“Growing inclination towards less noisy products, driving the market growth”

Growing customer preference over less noisy products such as washing machine, refrigerator, car, fans, A.C. Among other consumer products, the demand for a noise control system has been affected. In addition, an increasing number of product launches have triggered fierce competition between manufacturers in order to be competitive on the market. This has had a positive impact on the market in terms of increasing investment in product innovation in order to reduce its noise.

Healthcare industry is one of the highest demanding industry in the global market. Stringent regulations of government to keep hospital premise and surrounding less noisy has increased the adoption of this system. In addition, industries where there is high decibel sound present such as manufacturing, mining and construction are also adopting noise control systems to improve employees’ work efficiency and thereby productivity of the company.

In addition, the automotive sector is also upgrading its vehicle with advanced noise cancelation technologies. Hyundai Motors, for example, unveiled its RANC road noise cancelation technology, loaded with sensors and computing power, in November 2019. Overall, the global market for noise control systems is expected to show strong growth in the coming years.

The overall noise control system market is competitive in nature and it is growing at moderate rate. The market players are adopting strategies such as launching innovative & new products, agreements, partnership & collaboration, and investment in R&D to stay competitive in the market.

Regional Analysis

“North America dominating the global market by region”

Based on the region, North America dominated the global market for noise control systems, accounting for more than 40% of its market share in 2018. In North America, the U.S. has acquired a significant share of the regional market related to the high demand for noise control devices in hospitals and residential complexes. Furthermore, a large number of the automotive sector is adopting noise cancelation technology, which has added to the regional market share. The region is expected to remain dominant until 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.

Industrial Developments

• In January 2020, Kinetics Noise Control, Inc. announced their acquisition by The Stephens Group, LLC (“The Stephens Group”). The new company, Catalyst Acoustics Group (“Catalyst Acoustics”), will serve as a platform for an elite group of acoustic, seismic, vibration and noise control companies that together offer the broadest portfolio of noise control solutions in the market.
• In March 2018, Faist expanded their distributor network to Czech Republic and another in Mexico. With the addition of two new countries, the company expecting to grow in the new market. Earlier the company successful implemented several distributors in China, Japan, United Kingdom, Spain, Turkey, and United States of America.

Key Market Movements:

• Based on product type, acoustic tiles segment captured the largest share in 2018. Subsequently, the same segment expected to dominate the market during the forecast period.
• Based on material, fiberglass segment captured the major share of the market in 2018 and the same segment expected to retain its major share upto 2027. Besides it, foam segment had 2nd largest market share in 2018.
• Based on application, industrial segment captured the major share of the global market in 2018. Subsequently, the same segment expected to keep its leading position from 2019 to 2027.
• Based on region, North America was the largest regional noise control system market in 2018. On the other hand, Asia Pacific region expected to drive the market growth with the highest CAGR of 6.3% from 2019 to 2027.

List of Companies Covered:

• YAMAHA Corp.
• Mitsubishi Electronics Corp.
• Saint Gobain
• Armstrong World Industries
• Knauf Gips KG
• Kinetics Noise Control
• Quietstone UK Ltd.
• Acoustical Surfaces, Inc.
• Noise Barriers
• FAIST | Umsetzung
• Nihon Onkyo
• Others

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Table Of Content: 

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted Top-Down Approach Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Noise Control System(NCS) Market
2.2. Global NCS Market, by Product Type, 2018 (US$ Bn)
2.3. Global NCS Market, by Material, 2018 (US$ Bn)
2.4. Global NCS Market, by Application, 2018 (US$ Bn)
2.5. Global NCS Market, by Industry Vertical, 2018 (US$ Bn)
2.6. Global NCS Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global NCS Market Value, 2017 – 2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.2.3. Market Opportunities
3.2.4. Market Trends
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global NCS Market, by Product Type , 2017 – 2027 (US$ Bn)
4.1. Overview
4.2. Acoustic Tiles
4.3. Acoustic Surface
4.4. Sound Barrier Walls
4.5. Baffles
4.6. Others

5. Global NCS Market, by Material, 2017 – 2027 (US$ Bn)
5.1. Overview
5.2. Fiberglass
5.3. Foam
5.4. Wood
5.5. Plastic Sheets
5.6. Concrete
5.7. Others

6. Global NCS Market, by Application , 2017 – 2027 (US$ Bn)
6.1. Overview
6.2. Residential
6.3. Industrial
6.4. Commercial

7. Global NCS Market, by Industry Vertical , 2017 – 2027 (US$ Bn)
7.1. Overview
7.2. Manufacturing
7.3. Automotive
7.4. Healthcare
7.5. Construction
7.6. Metal & Mining
7.7. Others

8. North America Noise Control System Market Analysis, 2017 – 2027 (US$ Bn)
8.1. Overview
8.1.1. North America NCS Market Value and Growth, 2017 – 2027, (US$ Bn)
8.2. North America NCS Market Value, By Product Type, 2017 – 2027 (US$ Bn)
8.2.1. Market Analysis
8.3. North America NCS Market Value, By Material, 2017 – 2027 (US$ Bn)
8.3.1. Market Analysis
8.4. North America NCS Market Value, By Application, 2017 – 2027 (US$ Bn)
8.4.1. Market Analysis
8.5. North America NCS Market Value, By Industry Vertical, 2017 – 2027 (US$ Bn)
8.5.1. Market Analysis
8.6. North America NCS Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
8.6.1. Market Analysis
8.6.2. U.S.
8.6.3. Rest of North America

9. Europe Noise Control System Market Analysis, 2017 – 2027 (US$ Bn)

10. Asia Pacific Noise Control System Market Analysis, 2017 – 2027 (US$ Bn)

11. Rest of the World NCS Market Analysis, 2017 – 2027 (US$ Bn)

12. Company Profiles

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Keywords:    Noise Control System Market, Noise Control System Market Size, Noise Control System Market Share, Noise Control System Market Trend, Noise Control System Market Growth, Noise Control System Market Forecast

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