Industrial Noise Control Market will reach nearly US$ 7,309.0 Mn by 2028

The report covers comprehensive information about the industrial noise control market dynamics, volume (‘000 Units) and value (US$ Mn) projections, recent developments and competition landscape for the study period 2018 to 2028.

The global industrial noise control market is expected to reach a market value of US$ 7,309.0 Mn by the end of the forecast period, witnessing a value CAGR of 4.4% against the backdrop of expanding manufacturing capabilities and automotive production. According to FMI analysis, in terms of volume, the global industrial noise control market is estimated to reach 152 Mn units by 2018 end and register a CAGR of 3.8% during the forecast period.

Growing Manufacturing Output in Countries of East Asia to Bolster Market Growth

Several governments have taken steps to shift their dependency from oil trade to other prospects, such as tourism, healthcare, construction and others. Also, senates have been seen relaxing regulations to promote investments and make the environment suitable for industrial noise control business.

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Emerging markets concentrate on mass manufacturing and competing on the basis of price. Thus, the growing manufacturing output in various countries of East Asia is expected to bolster the industrial noise control market outlook.

Extensive Use of Industrial Noise Control Solutions in Manufacturing Facilitiesto Drive Market Growth

Maintaining suitable noise levels in a manufacturing or industrial environment is often a challenge. Among industrial noise control solutions, modular enclosures are ideal solutions in manufacturing facilities and factories to house hydraulic machines, compressors, generators, printing presses, blowers, fans, vibrating machinery, routers, grinders, presses and other loud machinery.

On the basis of end use type, the global industrial noise control market has been segmented into manufacturing, construction & mining and healthcare. The extensive use of industrial noise control solutions in manufacturing facilities is the key factor contributing to the growth of the manufacturing segment. The industrial noise control market is competitive with manufacturers and suppliers offering customized solutions to cater to the unmet demand.

On the basis of application, the global industrial noise control market has been segmented into internal and external noise control. The internal industrial noise control segment is expected to represent significant growth opportunities between 2018 and 2028 while the external industrial noise control segment is anticipated to expand at a significant CAGR, in terms of value, over the forecast period.

East Asia to Remain a Prominent Market Throughout The Forecast Period

On the basis of region, the global industrial noise control market has been segmented into North America, Latin America, Europe, East Asia, South Asia, Middle East & Africa, and Oceania. The East Asia industrial noise control market accounted for a value share of 32.9% in 2017 and is projected to remain prominent in the global industrial noise control market during the forecast period. Sales of industrial noise control products and solutions in China and India are expected grow modestly between 2018 and 2028.

Vibration Isolation Products to Account for More than an 80% Volume Share

Automation is being used in the industrial machinery industry to control machine movement during the metal working process. For instance, the growing use of CNC (computer numeric control) machines has reduced human interaction and removed the need for manual work to make complicated calculations required to produce structure and shapes with accuracy and high complexity. However, such advanced machinery requires vibration pads and machine leveling to isolate vibration and ensure effective working; subsequently developing prolific opportunities in the industrial noise control market.

Industrial Noise Control Market – Competitive Landscape

According to FMI analysis, the industrial noise control market is found out to be a fragmented one. A handful of large market participants held meager market shares in 2017. In the global industrial noise control market, the top 15 players collectively account for 40% - 45% of the global market.

In the recent past, the industrial noise control market has witnessed significant developments from a competition perspective. Among various organic and inorganic growth strategies, acquisitions of regional companies operating in the industrial noise control market and expansion of manufacturing facilities in prominent regions, such as in China, are some of the key cited strategies opted by key players to sustain in the global industrial noise control market.

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Saint-Gobain Ecophon AB, Gerriets GmbH, Iac Acoustics, Total Vibration Solutions Ltd., Pittsburgh Corning Europe n.v., Lindner GmbH, WILLBRANDT KG, Rite-Hite GmbH, Kutzner + Weber GmbH and Acoustafoam are some of the key players involved in the global industrial noise control market.

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