Published on : Dec 18, 2017
Albany, New York, December 18, 2017: Noise reduction solutions are provided by many companies, and many of these solutions make use of advanced technology. In the present time, the effective tackling of noise pollution has become the need of the hour as it is directly linked to many severe health issues. Recently, a study titled “Noise Control System Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027” has been publicized to the wide repository of Market Research Hub (MRH), which offers precise forecast and analysis on the global noise control system market, giving readers lucid information on the future direction of the market.
The global noise control system market has been divided into seven geographic regions for the purpose of the study. It includes APEJ, Latin America, Eastern Europe, Western Europe, North America, Japan and MEA. At present, North America and APEJ account for more than half the noise control system market and they are expected to retain their strong position throughout the forecast period. Each region has a dedicated chapter that highlights the regional drivers, restraints, opportunities and threats that impact the regional noise control system markets. Moreover, The PESTLE analysis coupled with Porter’s Five Forces analysis can be extremely beneficial to the readers and these have been mentioned in the study.
According to the report, the global noise control system market is all set to record a strong CAGR of 5.8% and reach a value of worth more than US$53 Billion by 2027 end. One of the prime factors responsible for this growth is the growing consumer preference towards less noisy products. Demand for quieter equipment is also increasing, therefore manufacturers have focused their attention on making ever-quieter products. Industrial equipment, household appliances, and the transportation industry stand to benefit the most from this, thereby boosting the noise control system market.
Moreover, the research also finds an important fact about the market that noise control systems in hospitals enhance patient recovery and decrease stress and pressure levels. Due to this, hospital industry drives demand for noise control system. Nowadays, noise control systems are also implemented in automobiles. Noise control systems fixed in vehicles play a vital role in allowing both drivers and passengers to enjoy a peaceful, easy and safe journey. The American giant, Ford Motor Company has recently exposed a car enabled with a noise control system.
The research further presents forecast analysis on the basis of market segmentation by material type, product type, application and sales channel. Based on the material type, the Fiberglass and Foam have a combined market share of nearly three-fifths of the noise control system market. On the other hand, The Tiles, Panels, and Doors segments are likely to remain at the highest position in the global noise control system market by product type as these three segments are the only ones witnessed to cross a value of US$ 10 Bn by the end of 2027.
The main companies profiled in the noise control system market report are Saint Gobain, Kinetics Noise Control, Armstrong World Industries Inc., USG Corporation, Nihon Onkyo Engineering, GP Industries Ltd, Knauf Insulation, Acoustical Solutions, SIAC PTE LTD, QUIETSTONE UK LTD, Acoustical Surfaces, Noise Barriers, FAIST Anlagenbau GmbH, Iac Acoustics, Polymer Technologies, VAW Systems, Acoustic GRG Product, and All Noise Control LLC.
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