According to Future Market Insights, the global noise control system market will grow at a CAGR of 4.8% between 2023 and 2033. The global market for noise control systems is expected to be worth US$6.4 billion in 2023. By 2033, the market is expected to be worth US$3.8 billion.
Demand for noise control systems decreased as the Covid-19 crisis spread. This market’s sales volume fell, potentially resulting in losses for global manufacturers. Major corporations are attempting to recoup losses through product diversifications and breakthroughs as the situation improves in 2021 as a result of strong and stringent government initiatives.
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The hospital setting has a significant impact on a patient’s well-being and recovery. High noise levels in the hospital or its surroundings can have a significant impact on the well-being of the patients.
Key Takeaways:
- North America dominated the worldwide noise control system market by region in 2022, accounting for more than 41% of the total market share.
- North America should experience a robust CAGR of more than 5.6%, allowing the regional market to expand by the end of the forecast period.
- The industrial noise control system market is expected to grow at a 4.7% CAGR.
- Over the historical period, the worldwide market grew at a CAGR of 3.9%.
- Over the next decade, the European market is expected to grow at a CAGR of 5%.
“Excessive noise produced while driving can impair a driver’s processing power, resulting in avoidable stress and distractions. Vehicle noise control systems are critical in ensuring that both drivers and passengers have a peaceful, comfortable, and safe journey. “ says FMI analyst
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Competitive Landscape:
The market’s vendor landscape is becoming more consolidated. There is a continuing need for R&D, which is still a key strategy among market players. Another common strategy for gaining a competitive edge is collaborative strategy.
- Wakefield Acoustics was purchased by YFM Equity Partners in January 2023 to Nasdaq-listed CECO Environmental Corp, an extensive business firm with solutions that protect individuals’ surroundings, and industrial machinery around the globe. Wakefield, based in Heckmondwike, develops developed business, industrial, and environmental noise control devices.
- Pro-Ject launched the latest turntable, the Debut PRO S, and additionally a vinyl noise reduction system, the Vinyl NRS Box S3, in September 2022.
More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the Global noise control systems market presenting a historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.
The study reveals essential insights by Product Type (Acoustic Panels, Acoustic Tiles, Sound Curtains, Acoustic Surface Sound, Insulating Flooring Sound, Barrier Walls), Material Type (Fiberglass, Wood, Plastic Sheets, Concrete), Application (Residential Noise Control System, Industrial Noise Control System, Commercial Noise Control System) & Region.
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Noise Control System Market: Taxonomy
By Product Type:
- Acoustic Panels
- Acoustic Tiles
- Sound Curtains
- Acoustic Surface
- Sound Insulating Flooring
- Sound Barrier Walls
- Baffles
- Sound Blanket
- Sound Doors
By Material Type:
- Fiberglass
- Wood
- Plastic Sheets
- Concrete
- Other
By Application:
- Residential
- Industrial
- Commercial
By Regions:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- MEA
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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