Industrial Noise Control Market Size to Surpass US$ 5 Billion by 2030
Industrial Noise Control Market Highlights:
The industrial noise control market will witness a market value of USD 5 Billion and a CAGR of 4.5 % in the forecast period between 2025 to 2030.
Industrial noise control is a noise-prevention system to reduce the noise level from the industrial machines. The Industrial Noise Control Market size is applied as an integrated enclosure, complete enclosure, and partial acoustic enclosure. It is preeminent used in the manufacturing industries, which entails the use of industrial machinery, metal processing, electrical & electronics equipment, and automotive.
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Industrial Noise Control Market Key Players
The leading players in the Global Industrial Noise Control Market include Sintesi plc (Italy), Ventac Co. Ltd (Ireland), Pyrotek (US), KSM Group (Malaysia), Cellofoam GmbH & Co. KG (Germany), ArtUSA Industries, Inc. (US), Sound Seal Inc. (US), Merford Holding bv (The Netherlands), R.Kohlhauer Gmbh (Germany), and Shaver Industries (Canada) among others.
The global increase in the industrial & manufacturing in the emerging economies and stringent government facilities standards to prevent the industrial noise pollution are the main driving factors for the global industrial noise control market. Also, the rise in concerns regarding workplace safety and industrial noise pollution further enhance the demand and sales for the industrial noise control system in the global market.
However, the high cost of the overall industrial noise control system and limited availability of high-grade quality of material are expected to hamper and slow down the growth of the global industrial noise control market. Furthermore, the volatility in the price of the raw materials is one of the key challenges for the growth of the market during the forecast period.
The global industrial noise control market is segmented into product type, material type, application, and end-use industry. The product type segment is further segmented as flexible, rigid, and vibration isolation. The flexible type industrial noise control segment is expected to be the largest market share in 2018. The material type segment is sub-segmented into polymer & composites, glass, metal, and fabric. The polymer & composites segment is expected to be the largest market share in 2018.
The application segment is sub-segmented into internal noise control and external noise control. The internal noise control segment is expected to be the largest market share in 2018. The end-use industry segment is sub-segmented into industrial machinery, metal processing, electrical & electronics equipment, automotive, construction & mining, healthcare, and others. The industrial machinery segment is expected to be the largest market share in 2018.
Industrial Noise Control Market Research Analysis
In terms of region, the global Industrial Noise Control Market trends has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World. In 2018, Asia-Pacific is expected to hold for the largest market share and further expected to dominate the global industrial noise control market in terms of market size and CAGR during the forecast period. The growth of the region is preeminent due to the rapid growth of investments for manufacturing and industrial plants, further it is growth in the metal processing industries along with the introduction of mandatory industrial noise control systems in China, Japan, South Korea, and Australia .
Such factors are expected to influence the market size of the industrial noise control in the region. The countries such as China and India are the main exporters for the system in the global market to the developed nations such as the US, the UK, and Germany. This is also expected to increase the domestic demand from the SME and large industries for the incorporation of industrial noise control system. In North America, the US is expected to be the largest shareholder in the market of industrial noise control, where Mexico is expected to grow at the highest CAGR during the forecast period owing to the increase in the installation of manufacturing plants from the tier 1 companies such as Ford Motor Company and Coca Cola.
In Europe, Germany, France, and Italy are the main importers for the industrial noise control materials owing to the stringent government norms and standards in the domestic region. It is expected that Germany will hold the largest market share and Italy is expected to hold the highest CAGR in the global industrial noise control market during the forecast period. In the Rest of the World, South America is expected to be the highest market share followed by the Middle East & Africa. The growth of South America is preeminent to the expansion of the industrial sector and growth in the construction & mining in Brazil and Argentina. In 2018, it is expected that South America will account for the largest market share in terms of value and volume in the industrial noise control market in the rest of the world.
Scope of the Report
This study provides an overview of the global industrial noise control market growth, tracking four market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global industrial noise control market by product type, material type, application, end-use industry, and region.
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