USD 5.7 million
Report ID:
SQMIG45L2014 |
Region:
Global |
Published Date: December, 2024
Pages:
202
|Tables:
121
|Figures:
78
Global Industrial Noise Control Market size was valued at USD 5.7 million in 2022 and is poised to grow from USD 5.9 million in 2023 to USD 9.9 million by 2031, growing at a CAGR of 5.2% during the forecast period (2024-2031).
The global industrial noise control market recently, has experienced substantial growth, attributed to the rising rate of industrialization and manufacturing growth, which in turn results in industrial noise pollution. As the awareness among workers about environmental damage and noise induced illnesses is increasing, the demand for noise reduction or noise control products is growing. The manufacturers are also increasingly focusing on production of newer and better products in this market, in adherence to the strict noise regulations. The demand in this market took a hit during the COVID-19 pandemic, during which the sales level had gone down considerably. The market has, hence, recovered and the industries are trying to recuperate through new product innovations and diversifications. There are also a few challenges in this market, like high power consumption, and the limitations in knowledge about the product, especially in developing nations. Companies, however, are continuously trying to grow their customer base by providing cutting edge, unique solutions.
Global Market Size
USD 5.7 million
Largest Segment
Flexible
Fastest Growth
Rigid
Growth Rate
5.2% CAGR
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Global Industrial Noise Control Market is segmented by Product Type, Material, Application, End User and Region. Based on component, the market is segmented into Flexible, Rigid, and Vibration Isolation. Based on material, the market is segmented into Polymers & Composite, Metal, Fabric, Glass, Wood, and Others. Based on application, the market is segmented into Internal Noise Control and External Noise Control. Based on end user, the market is segmented into Metal Processing, Automotive Industry, Construction & Mining, Commercial, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis By Product Type
The segment which is dominant, based on the product type is flexible noise control products. Flexible noise control products are made of vinyl materials, which can be easily molded, hence are flexible and lightweight materials and therefore, extremely easy to use. These products also have high tensile strength, due to which product installation is becomes easy. These factors lead to the growing demand of flexible products in the industrial noise control market.
The rigid type of products in industrial noise control are the fastest-growing segment in this market. These include products like fan silencers, exhaust silencers, which significantly reduce noise in both indoor and outdoor environment. Such products are increasingly demanded in industrial sector, thereby leading to the rapid growth in its market.
Analysis By Material Type
The Polymers & Composite segment is the largest segment in the industrial noise control market. These products have higher soundproofing properties when compared to glass, metal or fabric. In addition to this, development of more advanced materials like melamine have spurred the growth of this segment. More composite materials have been developed which provide biodegradability and recyclability, which leads to higher sales.
The fastest growing segment is that of Metal. Easy availability of metal, relatively lesser cost, and ease of use has led to this material type growing at a rapid pace.
Analysis By Application
The Internal Noise control segment dominates the Industrial noise control industry. Internal noise control solutions include products which deal with noise at the source. These include optimization of the equipment design, implementing soundproof materials, etc. Noise control at source is the primary focus of all kinds of industries, hence this segment remains the dominant one.
The fastest-growing segment is the external noise control segment in Industrial noise control market. As more and more outdoor sources of noise, for example road traffics, airports, are increasing, the need for external noise control products are also increasing rapidly.
Analysis By End Use Industry
The Industrial machinery owns the largest market share in Industrial noise control industry. Increasing urbanization means increasing number of industries across the world. All of these industries require noise control methods and equipment. This is driving the demand for industrial machinery noise control systems.
The fastest growing market segment is the Automative Industry. As the population of the world rises, the need for personal and commercial vehicles is also on the rise. Along with these, increasing urbanization, rising disposable income, are all drivers for the rise in automative industry, and hence the noise control segment for automotives.
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The dominating region in the global Industrial noise control market is Asia Pacific, which holds a significant market share. The dominance of this region is largely due to the major manufacturing hubs present in fast developing countries like India, China and Vietnam. Availability of cheap labour, and government support drive the growing number of industries in this region. For example, China is considered the “world’s factory” owing to the large manufacturing sector in the country. Noise control systems, are thereby highly required and play an important role in driving the industrial noise control market.
The fastest growing Industrial noise control market has been the LAMEA region. There is a high growth potential of industrial sector in this region, for example in machinery manufacturing, building material manufacturing, automotive industry, etc. Advancement in noise mitigation systems is alos a driver for this region’s rapid growth.
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Drivers
Increasing Rate of Urbanization & Industrialization
Health & Safety Regulations
Technological Advancements
Restraints
Cost of Implementation
Perception of Noise as “Inevitable”
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The Industrial noise control market shows the existence of several key players who are competing for market share. Key players in their industrial noise control market are continuously investing on research and innovation for improved noise control systems. Prominent manufacturers are focussing on product certifications for ensuring improved varieties of noise control to attract new customers, as well as retain the old ones. They are also focussing in strategic collaborations and partnerships with other market players to expand their portfolio by launching new products and strengthen their market presence. Established players are also focussing on expanding their geographical presence across the globe by joint ventures or mergers, to gain a competitive edge in the market.
Top Player’s Company Profile
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global Industrial noise control market analysis, there are several factors like increasing urbanization and industrialization, increasing awareness among people, and growing technological advancements which drive this industry. Flexible noise control products are dominating in the market, in hand with a rapid growth of rigid noise control products. Noise control systems can be made from various materials, amongst which polymers & composite materials hold the major share. Metal products are on the rise, sue to lower costs and better availability. Noise control systems are mostly applied to industrial machinery settings, and hence capture the major segment. They are increasingly being used in the automotive industry, as the rise in personal and commercial vehicles are rising. Asia Pacific remains the largest market, whereas the LAMEA region is the most rapidly growing one. The landscape of this market shows very close competition between leading players. One significant trend that is shaping the future of the need for abiding by the noise regulations and obtaining certifications for the same. Key market players need to continuously research and innovate to bring in improved noise control products to stay relevant in this industry.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 5.7 million |
Market size value in 2031 | USD 9.9 million |
Growth Rate | 5.2% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Industrial Noise Control Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Industrial Noise Control Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Industrial Noise Control Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Industrial Noise Control Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45L2014
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