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Industrial Noise Control Market Companies Offerings And Market By End-User Segments to Reach USD 9.8 by 2031

02-15-2024 08:59 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Industrial Noise Control Market

Industrial Noise Control Market

Drivers, restraints, and opportunities-

Increase in industrialization in developing countries, rise in construction & mining activities, and various statutory guidelines by governments for containing excessive noise drive the growth of the global industrial noise control market. On the other hand, the initial setup cost of many industrial noise control systems is high as they are designed and manufactured specifically to serve the needs of a particular industry, which restrains the market growth to some extent. However, introduction of technologically advanced products is expected to create lucrative opportunities in the industry.

The industrial noise control market size was valued at $6.1 billion in 2021, and is estimated to reach $9.8 billion by 2031, growing at a CAGR of 4.7% from 2022 to 2031.

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Impacting Factors:
The industrial noise control market is segmented on the basis of product, material, end-user industry, and region. By product, it is categorized into silencers, acoustic louvers, noise control enclosures, curtains and barrier walls, and other.

The curtains and barrier walls segment accounted for the highest market share in 2021, owing to its relative cheapness and versatility.

In addition, curtains and barrier walls reduce decibel levels of noise by absorbing the noise with the insulation incorporated into them; thereby, rendering the space more user-friendly. In addition, the silencers segment is expected to grow with a higher CAGR during the forecast period.

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The curtains and barrier walls segment to dominate by 2031-

By product, the curtains and barrier walls segment accounted for the highest share in 2021, generating around one-third of the global industrial noise control market revenue. The silencers segment, however, is expected to cite the fastest CAGR of 5.8% throughout the forecast period, This is due to its noise control efficiency.

The polymers and composite segment to retain its dominance by 2031-

By material, the polymers and composite segment held the major share in 2021, contributing to more than one-third of the global industrial noise control market revenue. The metal segment, simultaneously, would also showcase the fastest CAGR of 5.1% throughout the forecast period. This is owing to the long durability of metal noise control systems.

segment to rule the roost-

Based on end-user industry, the industrial machinery segment garnered more than one-third of the global industrial noise control market share in 2021, and is expected to rule the roost by 2031. The automotive industry segment, at the same time, would display the fastest CAGR of 5.5% throughout the forecast period. This is attributed to the growth of the automotive industry.

Europe garnered the major share in 2021 -

Based on region, Europe contributed to the major share in 2021, accounting for nearly half of the global industrial noise control market revenue, and is projected to rule the roost by 2031. The LAMEA region, simultaneously, would portray the fastest CAGR of 5.6% during the forecast period. Developments in the electronics manufacturing industry across the region are expected to propel the market growth.

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Top Runners:
Key companies profiled in the industrial noise control market report include Sound Seal, Ventac Co. Ltd., Technofirst, eNoiseControl, CSTI acoustics, Kinetics Noise Control, Inc., Merford Noise Control, SysTech Design Inc., R. Kohlhauer GmbH, and Cellofoam GmbH & Co. KG.

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, DE. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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